Market intelligence, trend analysis and forecasts for the Pharma and Healthcare industries across the regions

Industry / Ecuador

Pharmaceutical Market Unattractive To Multinationals

August 2012 | Industry Trend Analysis

BMI View: Although Ecuador's pharmaceutical market is small in global terms, there is significant growth potential. The major disincentive for multinational drugmakers to launch their products in Ecuador is the limited size of the pharmaceutical market, the preference for affordable generic drugs, low prevalence of chronic diseases, and a weak business environment. However, foreign generic drugmakers can seek to increase their presence in the country's drug market as it relies heavily on imported medicines.

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