With the inevitable emergence of new diseases worldwide, such as COVID-19, research, development, and production of new drugs are essential for maintaining and improving basic public health conditions, a goal that is considered a development priority. As a result, the pharmaceutical industry has always been and will possibly remain one of the most important businesses in the world, reaching a revenue of more than 1.26 trillion U.S. dollars in 2020. In Latin America, Brazil is the only country that ranks amongst the top pharmaceutical markets worldwide, with a global market share of approximately 1.8 percent, and a market value of nearly 21 billion U.S. dollars.
The Brazilian pharmaceutical business
Drug production, as part of the manufacturing industry, is very important for Brazil’s economy in terms of value added and employment generated. The pharmaceutical industry in Brazil reached a production value of more than 46 billion Brazilian reals in 2019, with medications accounting for 96 percent of the total value. That year, the Brazilian pharmaceutical market employed over one million people in the wholesale and retail segments, with the retail sector making up the highest share of the working force within this sector.
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In the following 6 chapters, you will quickly find the 30 most important statistics relating to "Pharmaceutical industry in Brazil".