Top global pharmaceutical markets: growth rate 2023
In 2023, the growth rate of the Brazil's pharmaceutical market stood at 9.2 percent, which was among the higher growth rates of leading national pharmaceutical markets.
Pharma companies in Brazil
ACHE, which is a Brazilian-owned corporation founded in 1966, is among the leading pharmaceutical companies in Brazil, with a revenue of around five billion Brazilian reals (just over one billion U.S. dollars). Around half of the top ten companies were domestic and included enterprises, such as Eurofarma, Neo Quimica, Libbs, and Mantecorp Farmasa.
Pharmaceutical R&D
Global pharmaceutical research and development expenditures in 2023 came to a total of over 300 billion U.S. dollars. By 2030, R&D spending is expected to exceed over 360 billion U.S. dollars, with pharmaceutical companies Roche and Johnson & Johnson being among the top leading companies.