Generic drugs market value in Latin America 2022-2027

Published by
J. Mendoza,
May 10, 2023
The market value of generic drugs in Latin America was forecast to reach nearly 51 billion U.S. dollars by 2027, up from an estimated 37 billion U.S. dollars in 2022. In 2021, Brazil was the biggest market within the pharmaceutical industry among countries in Latin America.

Value of the generic pharmaceutics market in Latin America from 2022 to 2027 (in billion U.S. dollars)

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Release date

May 2023

Region

LAC

Survey time period

2022

Special properties

forecast

Supplementary notes

This Statista estimate is based on the calculated 2022 value and the compound annual growth rate until 2027 of 6.41%, which were provided by the source. An exponential development of the value was assumed.

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