argentina's pharmaceutical market to reach $15 billion by 2020

PharmacoEconomics & Outcomes News 677 - 4 May 2013

■ Argentina’s pharmaceutical market is expected toreach $US15 billion by 2020, up from $5.6 billion in2012, according to a report from GlobalData. Threemain factors will drive this growth: strong domesticmanufacturers (currently accounting for about 50% ofthe market); high-quality manufacturing capabilities(however, Argentine companies still lack the hugeproduction capacities, and hence lower prices, ofChinese and Indian companies); and favourableclinical trial regulations, especially within LatinAmerica. The report also notes that the growth inmedical devices market will be more moderate,increasing from $1.7 billion in 2012 to $2.4 billion in2020.GlobalData. Value of Argentina’s Pharmaceutical Market to Almost Triple inValue over One Decade, Says GlobalData Analysis. Media Release : 23 Apr2013. Available from: URL: http://www.globaldata.com 809148766

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PharmacoEconomics & Outcomes News 4 May 2013 No. 6771173-5503/10/0677-0001/$14.95 Adis © 2010 Springer International Publishing AG. All rights reserved