5 ways Brazilian Pharmaceutical Market Outlook 2016-2026 helps your work In these five main ways, our investigation gives knowledge to benefit your research, analyses and decisions: • Brazil’s overall pharma revenues from 2016 – discover that leading developing country’s prospects for medical investments, marketing and sales Brazil is considered as one of the most lucrative healthcare markets, accounting for the highest healthcare expenditure in Latin America. In terms of revenue it is the seventh largest market in the world and the largest in Latin America. Generic drugs have been continuously gaining market share and currently account for a significant share of the total pharmaceutical market in Brazil. The low-cost generic and biosimilars sectors will play an ever greater role as the government seeks to find costeffective treatmen… Macroeconomic weakness will restrict the uptake of pharmaceuticals in Brazil. within 10 business days, Etudiante en Double-Diplôme Ingénieur-Manager Centrale, the market for home medical assistance - Germany. Your message has been sent successfully. The pharmaceutical market in Brazil, the second largest among the seven pharmerging markets (which also include China, India, Russia, Turkey, Mexico and South Korea), is expected to grow by 7 to 10 per cent annually between 2008 and 2013, according to IMS 11 Pharmaceutical industry Trade Shows in Brazil. Brazil’s pharmaceutical industry looks to take advantage as well. In 2018, the pharmaceutical industry in Brazil reached a revenue of 76.2 billion Brazilian reals, up from nearly 69.5 billion reals in the previous year. The first three quarters of 2014 are in the books and it is clear that pharma’s high-growth velocity in emerging markets has slowed considerably, especially in Brazil. Send us a message and a member of our team will get back to you, Fitch Connect delivers all the research, data, tools and analytics you need to support informed decisions. 30 North Colonnade, London E14 5GN, UK. It is the largest pharmaceutical market in Latin America and the fifth largest globally. North America has the largest global market in terms of revenue, mainly as a consequence of the historical role of the American industry. Pharmaceutical imports are expected to grow at a slower CAGR of 5.8% to 2024 compared with the previous forecast of 10.7%. FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). * Read on for an introduction to some of the Brazilian giants that are perhaps less well known internationally but play a leading role in what is the world’s sixth largest pharma market, serving a patient population of over 207 million. Brazil is South America's most influential country an economic giant and one of the world's biggest democracies. Brazil has become a major attraction for investors in the industry and the pharmaceutical market as a whole. RIO DE JANEIRO, BRAZIL - According to a report by GlobalData, the Brazilian pharmaceutical market is set to grow from US$25.3 billion in 2016 to US$29.9 billion in 2021, representing a compound annual growth rate of 3.5 percent. The United States is a traditional stronghold of pharmaceutical innovation and most new substances introduced to the market originate in the United States. Rajesh Chhabara reports. In terms of revenue it is the seventh largest market in the world and the largest in Latin America. Brazil has become a major attraction for investors in the industry and the pharmaceutical market as a whole. Get the latest trends and understand the impact of the crisis on the market. Thank you for registering. Moreover, in 1990, the Brazilian government also installed their free Universal health system (SUS) for the Brazilian population. Brazil’s pharmaceutical industry looks to take advantage as well. The sector is expected to close up 9% this year, with an average growth of 6.5% per year between 2018 and 2023, supported by the growing access of the population to medical services and products. The Brazilian pharmaceutical market is set to grow from $25.3 billion in 2016 to $29.9 billion in 2021, representing a compound annual growth rate of 3.5%, according to GlobalData, a recognized leader in providing business information and analytics. New in the world of market studies, Businesscoot offers concise and up to date studiesthanks to a network of freelance analysts and an efficient publishing process. The pharmaceutical market in Brazil, the second largest among the seven pharmerging markets (which also include China, India, Russia, Turkey, Mexico and South Korea), is expected to grow by 7 to 10 per cent annually between 2008 and 2013, according to IMS The Indian pharmaceutical industry got a major boost with the signing of the General Agreement on Tariffs and Trade in … In particular, then, our new investigation gives you this knowledge: • Revenues to 2024 at national level and for 9 submarkets – explore prospects for investments, marketing, and sales Copyright © 2020 Fitch Solutions Group Limited. The market share in generic medicines has also grown from 6.4% of the total sales in 2003 to 24.6% in 2014 [26]. Revenues have more than tripled over those 13 years, ending 2018 with over USD 18 billion in revenues. Ranked as the world’s 10th largest in 2011, it moved up to eighth place in 2016 and is forecasted to claim the fifth spot by 2021 according to IMS Health Institute. The pharmaceutical industry encompasses the development, production and marketing of medicine. - The Brazilian pharmaceuticals market had total revenues of $29,550.0m in 2019, representing a compound annual growth rate (CAGR) of 6.6% between 2015 and 2019. How Brazil Pharmaceuticals Market Is Positioned? Availability To read the article please click on the link we have sent to your email address. The market share in generic medicines has also grown from 6.4% of the total sales in 2003 to 24.6% in 2014 [26]. In 2018, the pharmaceutical industry in Brazil reached a revenue of 76.2 billion Brazilian reals, up from nearly 69.5 billion reals in the previous year. Brazil is ranked top of the pharmaceutical markets in Latin America and third in North America, with a market value of $25.60bn in 2011. Brazil healthcare, pharma and devices analysis, data forecasts from The EIU to support industry executives' decision-making The Brazilian pharmaceutical market is set to grow from $25.3 billion in 2016 to $29.9 billion in 2021, representing a compound annual growth rate of 3.5%, according to GlobalData, a recognized leader in providing business information and analytics. The sector is expected to close up 9% this year, with an average growth of 6.5% per year between 2018 and 2023 , supported by the growing access of the population to medical services and products. Some regulatory action by the Brazilian government guide the first 10 years of implantation of the generics Law. – The Brazilian pharmaceutical market is one of the top emerging markets globally. By Jay Forte, Contributing Reporter. Since the introduction of generic drugs in 2001, Brazil’s pharmaceutical industry has undergone a transformation. Thank you for your enquiry. But like some of its South American neighbours it has a history of economic boom and bust and its development has been hampered by high inflation and foreign debt. It has been forwarded to the relevant department and will be dealt with as soon as possible. Brazil’s pharma market saw steady growth between 2005 and 2018. Calendar of Pharmaceutical industry Trade Shows in the main cities of Brazil The sector is expected to continue growing. Our Brazil Pharmaceutical Market Research prevails as a foundation of broad superfluity of the information linked with the manufacturing of pharmaceuticals, marketing activities and distribution. Brazil has traditionally been Latin America’s largest pharmaceutical market. Six of the top ten companies in the Brazilian pharma market are domestic. Pharmaceuticals industry in Brazil had begun to evolve in the early 2000’s with the entry of Generic Drugs in the country. Higher government spending on public provision is improving access to medicines 3. We at Fitch Solutions now expect combined sales of prescription drugs and OTC medicines to increase from BRL89.4bn (USD22.7bn) in 2019 to BRL122.9bn (USD23.4bn) in 2024, representing a compound annual growth rate (CAGR) of 6.6% (down from +7.4% previously). The Brazilian Pharmaceutical market was valued at $26.40bn in 2016. Due to the constant loss of patent protection, the invention of new drugs is of utmost importance for the industry, as the expiry of patents leads to significant financial losses. How Brazil Pharmaceuticals Market Is Positioned? The Brazilian Pharmaceutical market was valued at $26.40bn in 2016. Within the public sector, the most commonly prescribed drugs are for the treatment of chronic diseases. The market is mostly dominated … Ways Brazilian Pharmaceutical Market 2014-2024 helps you In particular, then, our new investigation gives you this knowledge: Growing Ageing Population: In future, it is anticipated that elderly citizens’ population will increase at a CAGR of 4.5% during the period 2018-2025, which will be capturing a larger proportionate share over the years in Brazil.Changing demographics is a key driver of the Brazilian pharmaceutical market Brazilian pharmaceutical market Thank you for your demo request. Login to Fitch Connect. Access to the latest healthcare innovations to remain limited. Scope. In the coming years, Brazil will remain an attractive destination for foreign investment (including spending by pharmaceutical companies), though we note the potential for reduced capital inflows due to global economic recession, spearheaded by Covid-19. Biggest Global Pharmaceutical Markets Markets. The Brazilian pharmaceutical business The drug production market, as part of the manufacturing industry, is very important for Brazil’s economy in terms of … In addition, the country is the 6th largest pharmaceutical market in the world, behind only the United States, China, Japan, Germany and France. Brazil healthcare, pharma and devices analysis, data forecasts from The EIU to support industry executives' decision-making Moreover, in 1990, the Brazilian government also installed their free Universal health system (SUS) for the Brazilian population. This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). Brazil / Our Country Risk team has revised down its 2020 real GDP growth forecast for Brazil to -6.5% y-o-y, from -1.9%, to reflect a weak labour market. Visiongain forecasts this market to increase at a CAGR of 7.6% in the first half of the forecast period. Six of the top ten companies in the Brazilian pharma market are domestic. Owing to revised pharmaceutical spending, the negative medicine trade balance is expected to decline. The sector is expected to close up 9% this year, with an average growth of 6.5% per year between 2018 and 2023 , supported by the growing access of the population to medical services and products. Ways Brazilian Pharmaceutical Market Outlook 2015-2025 helps your work In these five main ways, our investigation gives knowledge to help your research, analyses and decisions: • Brazil’s overall pharma revenues from 2015 – discover the top developing country’s prospects for … Thank you. According to a study made by the IMS Health Consulting Institute, Generics currently represent 20,6% of the Brazilian pharmaceutical industry sales. Brazil is among the countries with the largest pharmaceutical market, moving from tenth to sixth place from 2008 to 2013 [28]. Due to all these advantageous factors, India is recognized as one of the leading players in pharmaceuticals in the global market. A peculiarity of the domestic pharmaceutical market is the relatively low price of medicines in comparison to other large markets in the Americas. This was the result of the Generics Law which came into effect in 1999 [27] (Table 7.1). Global pharmaceutical market - revenue distribution 2010-2019, by region . Brazil’s pharmaceutical market is characterised by patented drugs imported from the US, Germany, Italy and India. The generic drug segment was the main driver behind the decade- long growth of pharma industry in Brazil. The Brazilian pharmaceutical market is one of the top emerging markets globally. A report by visiongain, published in September 2016, forecasts that the overall value of the Brazilian pharmaceutical market will reach $31.1 billion in 2020, rising further to 2026. Ways Brazilian Pharmaceutical Market 2014-2024 helps you. The Brazilian pharmaceutical market will expand in value from $29.4 billion in 2014 to reach approximately $47.9 billion by 2020, representing a strong Compound Annual Growth Rate (CAGR) of 8.5%, according to research and consulting firm GlobalData. Key View: Macroeconomic weakness will restrict the uptake of pharmaceuticals in Brazil. During the last decade the Brazilian pharma market sported double-digit growth rates (Exhibit 1), … Access new updated reports and statistics for the Pharmaceutical Industry in Brazil. Within the public sector, the most commonly prescribed drugs are for the treatment of chronic diseases. The National Healthcare Expenditure in Brazil is estimated at A$267b 1 with total pharmaceuticals expenditure … The Market According to a study made by the IMS Health Consulting Institute, Generics currently represent 20,6% of the Brazilian pharmaceutical industry sales. Le marché du coliving : comment assurer une croissance du marché à long terme . Brazil is considered as one of the most lucrative healthcare markets, accounting for the highest healthcare expenditure in Latin America. Mon 07 Sep, 2020. © Fitch Solutions Group Limited All rights reserved. Brazil is one of the most attractive and promising pharmaceutical markets in the world, with all major… To continue reading The Pharma Letter please login , subscribe or claim a 7 day free trial subscription and access exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space. This was the result of the Generics Law which came into effect in 1999 [27] (Table 7.1). Since the introduction of generic drugs in 2001, Brazil’s pharmaceutical industry has undergone a transformation. The existing pharmaceutical medicine market in Brazil represents a strategically important geography for MGC Pharma as Brazil has a population of over 210m people 1. Read our latest articles on the coronavirus and its impact on global markets. Businesscoot SAS - 201 rue Championnet - 75018 Paris, France. In particular, then, our new investigation gives you this knowledge: • Revenues to 2024 at national level and for 9 submarkets – explore prospects for investments, marketing, and sales Pharmaceuticals industry in Brazil had begun to evolve in the early 2000’s with the entry of Generic Drugs in the country. This has impacted the pharmaceutical market and out-of-pocket prescription drug sales. This participation may be significantly higher in small companies specializing in research. With Brazilian currency increasingly devalued, a competitive environment in expansion and international companies focused on innovative medicine, it leaves room for national competitors to operate in the segment of already mature products. Latin America: generic drugs market value 2019-2024 Brazilian companies still respond for the biggest part of the generic drugs' marketplace. Not coincidentally, many players in the pharmaceutical sector invest 20% or more of their revenues in the research and development (R&D) segment. Generic drugs have been continuously gaining market share and currently account for a significant share of the total pharmaceutical market in Brazil. The number proves that generic businesses in Brazil still have a lot to expand, as in Europe and in the US generics sales have a 35% to 60% participation. In 2008, the Brazilian pharmaceutical market was estimated to reach US$ 14.9 billion, 34% of Latin America, jumping 23% from 2007 (IMS Health). Fitch Solutions / The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Visiongain forecasts this market to increase at a CAGR of 7.6% in the first half of the forecast period. In terms of revenue it is the seventh largest market in the world and the largest in Latin America. Brazil’s pharmaceutical market is characterised by patented drugs imported from the US, Germany, Italy and India. It is the largest pharmaceutical market in Latin America and the fifth largest globally. Made with Visme Presentation Maker Brazil is gradually climbing the global pharma market rankings and is projected to leap ahead of Italy and France to […] Due to all these advantageous factors, India is recognized as one of the leading players in pharmaceuticals in the global market. Already a client? Brazil is among the countries with the largest pharmaceutical market, moving from tenth to sixth place from 2008 to 2013 [28]. Nevertheless, the main pharmaceutical companies come from the United States (Pfizer, Johnson & Johnson, AbbVie) and Europe (Novartis, Roche, GlaxoSmithKline, AstraZeneca, Sanofi). Most of the income of these companies is from patented drugs, in which oncology is the main prescription-based therapeutic class. A peculiarity of the domestic pharmaceutical market is the relatively low price of medicines in comparison to other large markets in the Americas. Brazil is considered as one of the most lucrative healthcare markets, accounting for the highest healthcare expenditure in Latin America. A member of our team will be in touch shortly. By 2022, Brazilian Pharma market is expected to touch $ 31 bn. The pharmaceutical market in Brazil earned approximately 17.5 billion U.S. Brazil: generic drug sales 2015-2018 ; Accumulation U.S. costs saved through generic pharmaceuticals 2004-2013 Ways Brazilian Pharmaceutical Market 2014-2024 helps you. To succeed in Brazil, find the right partner, the right product mix, and the right pricing. Healthcare & Pharma / 1. The Brazilian pharmaceutical market will expand in value from $29.4 billion in 2014 to reach approximately $47.9 billion by 2020, representing a strong Compound Annual Growth Rate (CAGR) of 8.5%, according to research and consulting firm GlobalData. Annual per capita spending on pharmaceuticals was BRL569.2 (USD107.4) in 2019 and is forecast to decline to BRL435.5 (USD82.1) in 2020. Brazilian companies have a market share of around 20% only. Our work predicts the Brazilian pharma market will reach $50.6bn in 2019 - with strong expansion. Rajesh Chhabara reports. Brazil is one of the most attractive and promising pharmaceutical markets in the world, with all major… To continue reading The Pharma Letter please login , subscribe or claim a 7 day free trial subscription and access exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space. Brazil has become a major attraction for investors in the industry and the pharmaceutical market as a whole. A report by visiongain, published in September 2016, forecasts that the overall value of the Brazilian pharmaceutical market will reach $31.1 billion in 2020, rising further to 2026. Brazil was among the leading pharmaceutical markets worldwide in 2018, with a market share of nearly three percent. Latin America Pharmaceutical Excipients Market Size (2020 to 2025) As per our analysis, the Pharmaceutical Excipients Market size in Latin America was worth USD 0.81 billion in 2020 and estimated to be growing at a CAGR of 6.52% to reach USD 1.09 billion by 2025. The existing pharmaceutical medicine market in Brazil represents a strategically important geography for MGC Pharma as Brazil has a population of over 210m people 1. Your download link will be emailed to you shortly. Get the latest trends and understand the impact of the crisis on the market. Brazil has traditionally been Latin America’s largest pharmaceutical market. Copyright © 2020 Fitch Solutions, Inc., Fitch Ratings, Inc. and their subsidiaries. The US has the largest pharmaceutical market in the world with a value of $339,694 million USD followed by Japan ($94,025 million USD) and China ($86,774 million USD). Covering over 20 major industries and monitoring 200 global markets, our industry and country specific reports provide you with in-depth analysis for the markets of your choice. – The Brazilian pharmaceutical market is one of the top emerging markets globally. Brazil’s economic growth will be dampened by Covid-19. FSG is solely responsible for the content of this report, without any input from Fitch Ratings. - The Brazilian pharmaceutical market is one of the top emerging markets globally. The National Healthcare Expenditure in Brazil is estimated at A$267b 1 with total pharmaceuticals expenditure estimated at A$24 billion 1 per annum. 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