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

Industry / Mexico

Pharmaceutical Market To Experience CAGR Of 11.7% Over Next 10 Years

October 2009 | Industry Trend Analysis

BMI's outlook for Mexico's pharmaceutical market is positive. Growth between 2008 and 2009 will be 5.2% in local currency terms, while the depreciation of the peso forms the basis for an unfavourable contraction of US dollar values. The exchange rate will rebound by 2010, but in local currency terms there will be consistent increases in pharmaceutical spending from 2008. Overall, compound annual growth between 2009 and 2014 will be +11.7% in US dollar terms, while our longer-term projection gives a figure of +11.6% from 2014-2019. We caution that there are risks to our 10-year forecast owing to the longer term

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