+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2016-08-31Number of Pages: 156

Pharmaceutical Products and CMO Market: (Product Type - API and Ingredients, Finished Dosage Form, and Pharmaceutical Packaging) - LATAM Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

LATAM Pharmaceutical Products and CMO Market: Snapshot

Latin America has a fast growing healthcare sector and the pharmaceutical industry in the region is likely to witness steady growth during the forecast period of 2016 to 2024. The growth of the pharmaceutical products and CMO market in LATAM is attributed to high foreign investment, a rising geriatric population, an improving regulatory environment, and an increase in trade agreements with other countries such as the U.S., Canada, Japan, and several countries in Europe.

Most pharmaceutical companies in LATAM are gradually outsourcing manufacturing activities to contract manufacturers in order to achieve cost efficiency, quality, capacity, and time to market. It is also being done to obtain expertise in a particular business category such as API manufacturing and packaging, which is not available in-house. According to Transparency Market Research, the pharmaceutical products and CMO market in Latin America is expected to grow from a value of US$127.9 bn in 2015 and to US$286.2 bn by 2024 at a strong CAGR of 9.3% therein.

TMR Reports Rising Demand for API and Ingredients in LATAM

Based on product type, the pharmaceutical products and CMO market comprises API and ingredients, finished dosage form, and pharmaceutical packaging.

The finished dosage form segment led the pharmaceutical products market in Latin America, accounting for a share of approximately 85% in 2015. This product form is an integral part of formulation and analytical research, clinical pharmacodynamics, and pharmacokinetics and as a result holds a significant share in the LATAM market. However, the API and ingredients segment is projected to expand at a high growth rate due to rising demand for APIs in the region and establishment of major multinational companies.

On the other hand, the API and ingredients segment dominated the CMO market in Latin America, accounting for a share of approximately 60% in 2015. The increasing demand for cost saving and efficiency is boosting this segment. The finished dosage form segment of the CMO market is expected to expand at a significant CAGR during the forecast period.

latam-pharmaceutical-products-market

Improved Regulatory Scenario Works in Favor of Pharmaceutical Products and CMO Market in Brazil

The pharmaceutical products and CMO market in Latin America has been segmented into major countries: Mexico, Brazil, Argentina, Venezuela, and Rest of Latin America.

Brazil accounted for a significant share in the LATAM pharmaceutical product and CMO market in 2015. Brazil’s dominance has been attributed to excellent geographical location, the development of innovative products, better regulatory scenario, and an accessible pricing structure. The rising income of the consumers and an expanding geriatric population will further boost the demand for medication, driving the pharmaceutical product and CMO market in Brazil.

Mexico was the second leading market for pharmaceutical products and CMO in 2015 due to its close proximity to North America. Rising free trade agreements with major countries in Europe and North America and the growing CMO industry are also expected to fuel the pharmaceutical product and CMO market in Mexico.

The pharmaceutical products market in Argentina is projected to expand at a high CAGR during the forecast period due to government support and the increasing reliability of domestic players. Rest of Latin America, which includes Chile, Colombia, Ecuador, Peru, Paraguay, Uruguay, and Bolivia, is projected to witness the second fastest growth rate during the course of the forecast period. Factors such as a large patient pool and favorable government initiatives aimed at improving access to healthcare facilities are likely to propel the pharmaceutical products and CMO market in Rest of Latin America.

Bayer AG, Novartis AG, Merck & Co., Inc., GSK plc, F. Hofmann La Roche, BASF SE, and Boehringer Ingelheim Group are some of the top players in the pharmaceutical products market in Latin America. Key participants in the CMO market in the region include Pisa Farmacéutica, Fresenius SE & Co. KGaA, Takeda Pharmaceutical Company Limited, Ferring Pharmaceuticals, and Inc., Landsteiner Scientific.

This report on the pharmaceutical products and CMO market analyzes the current and future market scenario in Latin America. Most pharmaceutical companies are gradually outsourcing manufacturing activities to contract manufacturers in order to achieve efficiencies in cost, quality, capacity, and time to market or to obtain specific expertise in particular business category, which is not available in-house. Moreover, increasing cost pressures, cost benefits, and inclination of pharmaceutical companies to focus on core competencies such as R&D and marketing has created a need for pharmaceutical contract manufacturing outsourcing.

The Latin America pharmaceutical products and CMO market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to the segments based on product type and countries. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises Porters Five Forces Analysis for the CMO market in order to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by country, thus presenting a thorough analysis of the overall competitive scenario in the pharmaceutical products and CMO market in Latin America.

Based on product type, the market has been segmented into API and ingredients, finished dosage form (FDF), and pharmaceutical packaging. The market segments have been extensively analyzed based on available approved drugs, prevalence of the diseases, available patent of drugs, regulatory access, and geographical coverage in LATAM. The market size and forecast for each of these segments have been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2015 as the base year.

Geographically, the pharmaceutical products and CMO market in Latin America has been categorized into five major countries: Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America. The market size and forecast for each of these countries have been provided for the period from 2014 to 2024, along with their respective CAGRs for the forecast period from 2016 to 2024, considering 2015 as the base year. The research study also covers the competitive scenario in these regions.

The report also profiles major players in the pharmaceutical and CMO market in the region based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Bayer AG, Novartis AG, Merck & Co., Inc., GSK plc, F. Hofmann La Roche, BASF SE, Boehringer Ingelheim Group, Pisa Farmacéutica, Fresenius SE & Co. KGaA, Takeda Pharmaceutical Company Limited, Ferring Pharmaceuticals, and Inc., Landsteiner Scientific.

The pharmaceutical products and CMO Market in Latin America has been segmented as given below:

LATAM Pharmaceutical Products and CMO Market, by Product Type

  • API and Ingredients
  • Finished Dosage Form (FDF)
  • Pharmaceutical Packaging

LATAM Pharmaceutical Products and CMO Market, by Country

  • Brazil
    • API and Ingredients
    • Finished Dosage Form (FDF)
    • Pharmaceutical Packaging
  • Mexico
    • API and Ingredients
    • Finished Dosage Form (FDF)
    • Pharmaceutical Packaging
  • Venezuela
    • API and Ingredients
    • Finished Dosage Form (FDF)
    • Pharmaceutical Packaging
  • Argentina
    • API and Ingredients
    • Finished Dosage Form (FDF)
    • Pharmaceutical Packaging
  • Rest of Latin America
    • API and Ingredients
    • Finished Dosage Form (FDF)
    • Pharmaceutical Packaging


 
 
Back To Top