Drug Consumption Increasing

Argentina's pharmaceutical market reached a value of ARS12.47bn (US$3.37bn) in 2009, equating to a 2004-2009 compound annual growth rate (CAGR) of 15.74% in local currency terms and 10.24% in US dollar terms. Our updated forecasts see the market reaching a value of ARS25.52bn (US$5.5bn) by 2014, representing a CAGR of 10.49% in US dollar terms, or 15.4% in local currency and maintaining the strong historical growth rates. With Argentina's economy bouncing back from the recent economic crisis, we expect the total value of the drug market to reach ARS42.27bn (US$9.19bn) by 2019, a CAGR of 12.99% in local currency terms

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