Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Latin America Generic Injectables Market Size

The Latin America generic injectables market was valued at USD 2.1 billion in 2023, driven by the favorable regulatory policies and the rising healthcare needs in the region. The market is expected to grow at a CAGR of 8% during the forecast period of 2024-2032, with the values likely to rise from USD 2.3 billion in 2024 to USD 4.2 billion by 2032.

 

Latin America Generic Injectables Market Outlook

  • In March 2023, GlaxoSmithKline (GSK) signed deals with three companies that will allow them to manufacture generic versions of HIV preventive injectable drug cabotegravir. The rise in such initiatives to address drug shortages is expected to influence the Latin America generic injectables market share.
  • The surge in the demand for cost-effective medications to address the rising healthcare needs is driving the market growth.
  • Recent market trends include the patent expiration of brand-name injectables and increased government and regulatory support that stimulate market entry of generic injectables.

 

Latin America Generic Injectables Market Report Snapshots

Latin America Generic Injectables Market Size

Latin America Generic Injectables Market Analysis

Latin America Generic Injectables 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.*

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Key Questions Answered in the Report

The market attained a value of about USD 2.1 billion in 2024 driven by the rising patent expirations of branded drugs in the region.

The market is anticipated to grow at a CAGR of 8% during the forecast period of 2025-2034, likely to reach a market value of USD 4.2 billion by 2034.  

The increasing prevalence of chronic diseases and the growing aging population are fuelling the demand for the market.

One of the significant trends in the market is the rising patent expiration of branded injectables. For instance, the patent of Danish firm Novo Nordisk’s popular diabetes and weight-loss injectable drug, semaglutide, will expire in 2026 in Brazil.

Based on the product type, the market is segmented into large molecule injectables and small molecule injectables. Large molecule injectables are further divided into monoclonal antibodies (mAbs), insulin, others.

Container types available in the market include vials, premix, prefilled syringes, and ampoules, among others.

Major applications of the market include oncology, cardiovascular, CNS, infectious diseases, and autoimmune disorders, among others.

The market breakup by route of administration includes intravenous, intramuscular, and subcutaneous, among others.

Distribution channels of the market are hospitals and retail pharmacies, among others.

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

The key players in the market are Pfizer Inc., Viatris Inc., Biocon, Lupin, Aurobindo Pharma Limited, and Sun Pharmaceutical Industries Ltd.

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