Latin America Pharmaceutical Contract Manufacturing Organization Market - Growth, Trends, Forecasts (2022 - 2027)
The Latin America pharmaceutical contract manufacturing organization market is expected to register a CAGR of 3.3% during the forecast period 2020 - 2025. Being one of the North American Free Trade Agreement members, Mexico has access to the best established and emerging pharmaceutical markets in North and Latin America. In addition, the Indian pharmaceutical industry is increasing its footprint in Mexico with huge investments, thus driving the growth of the market.
Key HighlightsThe Latin America pharmaceutical contract manufacturing organization market is moderately fragmented and is moving towards highly fragmented market. Vendors are expanding across regions and are forming strategic and collaborative initiatives with companies to increase their market share and their profitability. Some of the recent developments in the market are:
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