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Latin America Generic Drugs Market Size, Share, Analysis: By Therapy Area: Cardiovascular, Dermatology, Respiratory, Oncology, Rheumatology, Others; By Route of Administration: Oral, Injectables, Dermal/Topical, Inhalers, Others; by Distribution Channels: Hospital Pharmacy, Others; Regional Analysis; Supplier Landscape; 2024-2032

Latin America Generic Drugs Market Size

The Latin America generic drugs market was valued at USD 36.1 billion in 2023, driven by increasing government initiatives to stimulate production and improve access to generic drugs in the region. The market is expected to grow at a CAGR of 6.33% during the forecast period of 2024-2032, with the values likely to rise from USD 38.4 billion in 2024 to USD 62.7 billion by 2032.

 

Latin America Generic Drugs Market Outlook

  • The market share is influenced by the rising government initiatives that aim at increasing access, reducing costs, and addressing shortages of generic drugs. For example, the Brazilian government has incorporated publicly funded production of generic medications as a key part of its national public health strategy.
  • One of the major Latin America generic drugs market trends is the surge in strategic collaborations among the key market players. For instance, in October 2023, EuroPharma Inc., completed its acquisition of Colombia-based generic pharmaceutical company Genfar, making it the unified brand for generic medications in Latin America excluding Brazil to reinforce its consolidation and internationalization strategy.
  • The growing burden of chronic diseases and increasing patent expiration of branded medications is expected to propel the market growth in the forecast period.

 

Latin America Generic Drugs Market Report Snapshots

Latin America Generic Drugs Market Size

Latin America Generic Drugs Market Analysis

Latin America Generic Drugs Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope 
    1.4    Research Methodology                  
2    Executive Summary
3    Latin America Generic Drugs Market Overview 

    3.1    Latin America Generic Drugs Market Historical Value (2017-2023) 
    3.2    Latin America Generic Drugs Market Forecast Value (2024-2032)
4    Latin America Generic Drugs Market Landscape*
    4.1    Latin America Generic Drugs: Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Latin America Generic Drugs: Product Landscape
        4.2.1    Analysis by Therapy Area
        4.2.2    Analysis by Route of Administration
        4.2.3    Analysis by Distribution Channels
5    Latin America Generic Drugs Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
        5.2.1    Strengths
        5.2.2    Weaknesses
        5.2.3    Opportunities
        5.2.4    Threats
    5.3    Porter’s Five Forces Model
        5.3.1    Bargaining Power of Suppliers
        5.3.2    Bargaining Power of Buyers
        5.3.3    Threat of New Entrants
        5.3.4    Threat of Substitutes
        5.3.5    Degree of Rivalry
    5.4    Key Demand Indicators 
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends  
    5.7    Value Chain Analysis
6    Latin America Generic Drugs Market Segmentation (2017-2032)
    6.1    Latin America Generic Drugs Market (2017-2032) by Therapy Area
        6.1.1    Market Overview
        6.1.2    Cardiovascular
        6.1.3    Dermatology
        6.1.4    Respiratory
        6.1.5    Oncology
        6.1.6    Rheumatology 
        6.1.7    Others
    6.2    Latin America Generic Drugs Market (2017-2032) by Route of Administration
        6.2.1    Market Overview
        6.2.2    Oral
        6.2.3    Injectables
        6.2.4    Dermal/Topical
        6.2.5    Inhalers
        6.2.6    Others
    6.3    Latin America Generic Drugs Market (2017-2032) by Distribution Channels
        6.3.1    Market Overview
        6.3.2    Hospital Pharmacy
        6.3.3    Retail Pharmacy
        6.3.4    Online Pharmacy
        6.3.5    Others
    6.4    Latin America Generic Drugs Market (2017-2032) by Country
        6.4.1    Market Overview
        6.4.2    Brazil
        6.4.3    Mexico
        6.4.4    Others
7    Brazil Generic  Drugs Market Segmentation (2017-2032)
    7.1    Brazil Generic Drugs Market (2017-2032) by Therapy Area
        7.1.1    Market Overview
        7.1.2    Cardiovascular
        7.1.3    Dermatology
        7.1.4    Respiratory
        7.1.5    Oncology
        7.1.6    Rheumatology 
        7.1.7    Others
    7.2    Brazil Generic Drugs Market (2017-2032) by Route of Administration
        7.2.1    Market Overview
        7.2.2    Oral
        7.2.3    Injectables
        7.2.4    Dermal/Topical
        7.2.5    Inhalers
        7.2.6    Others
8    Mexico Generic Drugs Market Segmentation (2017-2032)
    8.1    Mexico Generic Drugs Market (2017-2032) by Therapy Area
        8.1.1    Market Overview
        8.1.2    Cardiovascular
        8.1.3    Dermatology
        8.1.4    Respiratory
        8.1.5    Oncology
        8.1.6    Rheumatology 
        8.1.7    Others
    8.2    Mexico Generic Drugs Market (2017-2032) by Route of Administration
        8.2.1    Market Overview
        8.2.2    Oral
        8.2.3    Injectables
        8.2.4    Dermal/Topical
        8.2.5    Inhalers
        8.2.6    Others
9    Regulatory Framework
    9.1     Regulatory Overview
        9.1.1    ANVISA Brazil
        9.1.2    COFEPRIS Mexico
10    Patent Analysis
    10.1     Analysis by Type of Patent
    10.2     Analysis by Publication year
    10.3     Analysis by Issuing Authority
    10.4     Analysis by Patent Age
    10.5     Analysis by CPC Analysis
    10.6     Analysis by Patent Valuation 
    10.7     Analysis by Key Players
11    Grants Analysis
    11.1     Analysis by Year
    11.2     Analysis by Amount Awarded
    11.3     Analysis by Issuing Authority
    11.4     Analysis by Grant Housing Material 
    11.5     Analysis by Funding Institute
    11.6     Analysis by Departments
    11.7     Analysis by Recipient Organization 
12    Funding and Investment Analysis
    12.1     Analysis by Funding Instances
    12.2     Analysis by Type of Funding
    12.3     Analysis by Funding Amount
    12.4     Analysis by Leading Players
    12.5     Analysis by Leading Investors
    12.6     Analysis by Geography
13    Partnership and Collaborations Analysis
    13.1     Analysis by Partnership Instances
    13.2     Analysis by Type of Partnership
    13.3     Analysis by Leading Players
    13.4     Analysis by Geography
14    Supplier Landscape
    14.1    Market Share by Top 5 Companies 
    14.2    Teva Pharmaceutical Industries Ltd
        14.2.1    Financial Analysis
        14.2.2    Product Portfolio
        14.2.3    Demographic Reach and Achievements
        14.2.4    Mergers and Acquisitions
        14.2.5    Certifications 
    14.3    Viatris Inc. 
        14.3.1    Financial Analysis
        14.3.2    Product Portfolio
        14.3.3    Demographic Reach and Achievements
        14.3.4    Mergers and Acquisitions
        14.3.5    Certifications 
    14.4    Sun Pharmaceutical Industries Ltd
        14.4.1    Financial Analysis
        14.4.2    Product Portfolio
        14.4.3    Demographic Reach and Achievements
        14.4.4    Mergers and Acquisitions
        14.4.5    Certifications 
    14.5    Lupin
        14.5.1    Financial Analysis
        14.5.2    Product Portfolio
        14.5.3    Demographic Reach and Achievements
        14.5.4    Mergers and Acquisitions
        14.5.5    Certifications 
    14.6    AstraZeneca
        14.6.1    Financial Analysis
        14.6.2    Product Portfolio
        14.6.3    Demographic Reach and Achievements
        14.6.4    Mergers and Acquisitions
        14.6.5    Certifications 
    14.7    Baxter
        14.7.1    Financial Analysis
        14.7.2    Product Portfolio
        14.7.3    Demographic Reach and Achievements
        14.7.4    Mergers and Acquisitions
        14.7.5    Certifications 
    14.8    Takeda Pharmaceutical Company Limited
        14.8.1    Financial Analysis
        14.8.2    Product Portfolio
        14.8.3    Demographic Reach and Achievements
        14.8.4    Mergers and Acquisitions
        14.8.5    Certifications 
    14.9    GSK plc
        14.9.1    Financial Analysis
        14.9.2    Product Portfolio
        14.9.3    Demographic Reach and Achievements
        14.9.4    Mergers and Acquisitions
        14.9.5    Certifications 
    14.10    Bausch + Lomb
        14.10.1    Financial Analysis
        14.10.2    Product Portfolio
        14.10.3    Demographic Reach and Achievements
        14.10.4    Mergers and Acquisitions
        14.10.5    Certifications 
    14.11    Novartis AG
        14.11.1    Financial Analysis
        14.11.2    Product Portfolio
        14.11.3    Demographic Reach and Achievements
        14.11.4    Mergers and Acquisitions
        14.11.5    Certifications 
    14.12    Sanofi
        14.12.1    Financial Analysis
        14.12.2    Product Portfolio
        14.12.3    Demographic Reach and Achievements
        14.12.4    Mergers and Acquisitions
        14.12.5    Certifications 
    14.13    Pfizer Inc.
        14.13.1    Financial Analysis
        14.13.2    Product Portfolio
        14.13.3    Demographic Reach and Achievements
        14.13.4    Mergers and Acquisitions
        14.13.5    Certifications 
    14.14    Fresenius SE & Co. KGaA
        14.14.1    Financial Analysis
        14.14.2    Product Portfolio
        14.14.3    Demographic Reach and Achievements
        14.14.4    Mergers and Acquisitions
        14.14.5    Certifications 
    14.15    Aurobindo Pharma
        14.15.1    Financial Analysis
        14.15.2    Product Portfolio
        14.15.3    Demographic Reach and Achievements
        14.15.4    Mergers and Acquisitions
        14.15.5    Certifications 
15    Latin America  Generic Drugs Market – Distribution Model (Additional Insight)
    15.1     Overview 
    15.2     Potential Distributors 
    15.3     Key Parameters for Distribution Partner Assessment 
16    Key Opinion Leaders (KOL) Insights (Additional Insight)
17    Company Competitiveness Analysis (Additional Insight)

    17.1     Very Small Companies
    17.2     Small Companies
    17.3     Mid-Sized Companies
    17.4     Large Companies
    17.5     Very Large Companies
18    Payment Methods (Additional Insight)
    18.1     Government Funded
    18.2     Private Insurance
    18.3     Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

 

* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.

Key Questions Answered in the Report

The market attained a value of about USD 36.1 billion in 2023 driven by increasing government initiatives to stimulate production and improve access to generic drugs in the region.

The market is anticipated to grow at a CAGR of 6.33% during the forecast period of 2024-2032, likely to reach a market value of USD 62.7 billion by 2032.

The increasing healthcare needs and rising patient expirations are fuelling the market demand.

One of the significant trends in the market is the rise in strategic partnerships among the key market players. In October 2023, EuroPharma Inc., completed its acquisition of Colombia-based generic pharmaceutical company Genfar to reinforce its consolidation and internationalization strategy.

Based on the therapy area, the market is segmented into cardiovascular, dermatology, respiratory, oncology, and rheumatology, among others.

By route of administration, the market is divided into oral, injectables, dermal/topical, and inhalers, among others.

The distribution channels of the market are hospital pharmacies, retail pharmacies, and online pharmacies, among others.

The market segmentation by countries includes Brazil, and Mexico, among others.  

The key players in the market are Teva Pharmaceutical Industries Ltd., Viatris Inc., Sun Pharmaceutical Industries Ltd., Lupin, AstraZeneca, Baxter, Takeda Pharmaceutical Company Limited, GSK plc, Bausch + Lomb, Novartis AG, Sanofi, Pfizer Inc., Fresenius SE & Co. KGaA, and Aurobindo Pharma.

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