LatAm: pharma industry market value 2019, by country

In 2019, Brazil was by far the Latin American country with the highest pharmaceutical market value, amounting to nearly 24.3 billion U.S. dollars. Mexico ranked second, with a pharma market value of more than seven billion U.S. dollars that same year. As a whole, Latin America accounted for about four percent of the global 2019 pharmaceutical market revenue.

An industry driven by imports

Brazil produced more than 41 billion Brazilian reals worth of pharmaceutical products in 2018 (approximately 10.57 U.S. dollars, based on December 31, 2018 conversion rates). Despite its significant role in the national economy, the pharmaceutical industry in this South American country relies mostly on imports. With a value of 7.2 billion U.S. dollars in 2018, Brazil was also the Latin American country with the highest pharmaceutical imports. Meanwhile, Brazil’s pharma exports have declined from 1.57 billion U.S. dollars in 2014 to less than 1.2 billion U.S. dollars in 2018.

ACHE Laboratorios – a national market leader

Despite U.S companies such as Pfizer leading the global pharmaceutical industry, in Brazil Aché Laboratorios Farmacéuticos S.A. - a prominent 100-percent Brazilian pharmaceutical corporation – ranks first in the segment, with a revenue of nearly 3.4 billion Brazilian reals in 2019. Focusing mostly on the production and sales of prescription drugs, the company invested more than 81.5 billion reals in research, development, and innovation in 2018.

Market value of the pharmaceutical industry in selected countries in Latin America in 2019

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Release date

August 2020



Survey time period


Special properties

Market value at ex-factory price

Supplementary notes

Figures have been rounded.

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Statistics on "Pharmaceutical industry in Brazil"

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