Brazilian Pharmaceutical Market Set To Grow To $41bn By 2022
13 August 2018
Visiongain’ has launched a new pharma report Brazilian Pharmaceutical Market Outlook 2017-2027: Originator, Generic, OTC, CNS, Cardiovascular, Gastrointestinal, Metabolic, Oncology, Infectious Diseases, Domestic Manufacturers and International Drug Companies
Brazil’s pharmaceutical market is the eighth largest in the world, and is growing at a faster rate than many of the markets in developed countries. Between 2005 and 2013 it experienced double digit growth rates, and the value of the market tripled. Despite current economic challenges, it is set to continue its expansion well into the 2020s, but at lower growth rates. Growth is being driven by a range of factors including a booming generic drugs market, an underlying shift towards chronic diseases, growing affluence in the country, and a government which aims to increase the population’s access to drugs by making numerous technology transfer deals with multinational companies.
The lead analyst of the report commented “While unmet medical needs present an important opportunity in many areas of the Brazilian market, the oncology and diabetes segments are particularly notable. Brazil has the fifth highest number of diabetes patients in the world while cancer has historically gone unaddressed by the healthcare system. SUS is now facilitating easier access to oncology drugs, thus there is an opportunity for growth.
The Brazilian government is pushing towards technology transfer. Technology transfer is likely to galvanise the nation’s domestic pharmaceutical industry as well as saving the SUS money, but it remains to be seen whether indigenous Brazilian companies will fulfil the government’s ambitions by becoming significant originators of pharmaceutical products and technology platforms.”
Leading companies featured in the report include Sanofi/Medley, EMS, Hypermarcas, Novartis, Eurofarma, Aché, Roche, Merck & Co., Pfizer, Takeda.
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