Pharmaceutical Market To Experience 11.8% CAGR Over 10 Years

The Colombian pharmaceutical market is the fourth largest in Latin America, a position that it is expected to continue to solidify over the forecast period. BMI calculates that pharmaceutical sales in Colombia reached COP4,466bn (US$2.27bn) in 2008, representing impressive growth of 11.3% in local currency terms between 2007 and 2008 (compared with a -3.2% decline in the drug market between 2006 and 2007).

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