Latin America Branded Generics Market Size & Outlook
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Latin America branded generics market highlights
- The Latin America branded generics market generated a revenue of USD 20.5 billion in 2021.
- The market is expected to grow at a CAGR of 5.1% from 2022 to 2030.
- In terms of segment, anti-hypertensive was the largest revenue generating drug class in 2021.
- Hormones is the most lucrative drug class segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 20.5 billion |
| Market revenue in 2030 | USD 32.0 billion |
| Growth rate | 5.1% (CAGR from 2021 to 2030) |
| Largest segment | Anti-hypertensive |
| Fastest growing segment | Hormones |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Alkylating Agents, Antimetabolites, Hormones, Anti-hypertensive, Lipid Lowering drugs, Anti-depressants, Anti-psychotics, Anti-epileptics |
| Key market players worldwide | Teva Pharmaceutical Industries Ltd, Lupin, Sanofi SA, Sun Pharmaceutical Industries, Dr. Reddy’s Laboratories, GlaxoSmithKline, Pfizer Inc, Apotex Inc., Viatris Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.9% of the global branded generics market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 188.0 billion by 2030.
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Branded Generics Market Scope
Branded Generics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Apotex Inc. | View profile | 10001+ | Toronto, Ontario, Canada, North America | http://www.apotex.com |
| GlaxoSmithKline | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.gsk.com |
| Viatris Inc | View profile | 38000 | 1000 Mylan Boulevard, Canonsburg, PA, United States, 15317 | https://www.viatris.com |
| Dr. Reddy’s Laboratories | View profile | 10001+ | Hyderabad, Andhra Pradesh, India, Asia | http://www.drreddys.com/ |
| Sun Pharmaceutical Industries | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.sunpharma.com |
| Lupin | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.lupin.com |
| Sanofi SA | View profile | 87994 | 46, avenue de la Grande Armée, Paris, France, 75017 | https://www.sanofi.com |
| Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
| Teva Pharmaceutical Industries Ltd | View profile | 37851 | 124 Dvora HaNevi’a Street, Tel Aviv, Israel, 6944020 | https://www.tevapharm.com |
Latin America branded generics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to branded generics market will help companies and investors design strategic landscapes.
Anti-hypertensive was the largest segment with a revenue share of 15.61% in 2021. Horizon Databook has segmented the Latin America branded generics market based on alkylating agents, antimetabolites, hormones, anti-hypertensive, lipid lowering drugs, anti-depressants, anti-psychotics, anti-epileptics covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America branded generic market is anticipated to witness significant growth over the forecast period owing to rising prevalence of chronic diseases and conditions associated with geriatric & obese population coupled with increasing prescription trend of generic products in the region.
Furthermore, increasing government initiatives, such as patient awareness campaigns; investments in the healthcare sector; and the need to reduce healthcare expenditure may contribute to market growth in the region.
In the biosimilar market in Latin America it was found that Brazil, Mexico, and Argentina have the largest number of approved Similar Biotherapeutic Products (SBPs) as of 2020. Investments from pharmaceutical companies are increasing in the region.
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Our clientele includes a mix of branded generics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America branded generics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America branded generics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America branded generics market size, by country, 2018-2030 (US$M)
Latin America Branded Generics Market Outlook Share, 2021 & 2030 (US$M)
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