South & Central America Mid-Size Pharmaceutical Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Prescription and Over-the-Counter), Drug Development Type (In-House and Outsource), Formulation (Tablets and Capsules, Injectables, Sprays, and Other Formulations), and Therapy Class (Cardiovascular Diseases, Pain Management, Diabetes, Cancer, and Other Conditions)
The mid-size pharmaceutical market in South & Central America is expected to grow from US$ 24,301.56 million in 2022 to US$ 31,118.17 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
The South & Central America mid-size pharmaceutical market is segmented into Brazil, Argentina, and the Rest of South & Central America. In the global market, SAM held the second smallest share of US$ 24,301.56 million in 2022. The growth of the SAM market is driven by the increasing prevalence of cancer, rising geriatric population, surging incidence of hypertension, and the growing prevalence of other chronic diseases. The mid-size pharmaceutical market in the Rest of South & Central America is sub segmented into Peru, Chile, Bolivia, Ecuador, and other countries. According to the GLOBOCAN 2020, prostate cancer is the leading cause of cancer death in the Peruvian population, with an age-standardized mortality rate (ASMR) of 44.3 per 100,000. Due to the rising cancer prevalence, the demand for oncology drugs is expected to rise in the region, which would create lucrative opportunities for the mid-size pharmaceutical companies.
By introducing new features and technologies, vendors in the South & Central America mid-size pharmaceutical market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market growth at a good CAGR during the forecast period.
South & Central America Mid-Size Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Mid-Size Pharmaceutical Market Segmentation
The South & Central America mid-size pharmaceutical market is segmented on the basis of type, drug development type, formulation, therapy class, and country.
Based on type, the South & Central America mid-size pharmaceutical market is bifurcated into prescription and over-the-counter. In 2022, the over-the-counter segment accounted for a larger market share. Based on drug development type, the market is bifurcated into in-house and outsource. The outsource segment held a larger market share in 2022. Based on formulation, the South & Central America mid-size pharmaceutical market is segmented into tablets and capsules, injectables, sprays, and other formulations. The tablets & capsules segment held the largest market share in 2022. Based on therapy class, the market is segmented into cardiovascular diseases, pain management, diabetes, cancer, and other conditions. The diabetes segment held the largest market share in 2022. Based on country, the South & Central America mid-size pharmaceutical market is segmented into Brazil, Argentina, and Rest of South & Central America. Brazil held the largest market share in 2022.
Alexion Pharmaceuticals, Inc.; Bausch Health Companies Inc.; Daiichi Sankyo Company Limited; Endo Pharmaceuticals Inc.; Mallinckrodt; and Sun Pharmaceutical Industries Ltd are among the leading companies operating in the mid-size pharmaceutical market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America mid-size pharmaceutical market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the South & Central America mid-size pharmaceutical market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the mid-size pharmaceutical market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution"
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook