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

Industry / Argentina

Drug Consumption Increasing

January 2010 | Industry Trend Analysis

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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