DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/a72e8f/the_pharmaceutical) has announced the addition of the "The Pharmaceutical Market: Argentina" report to their offering.
The Argentine pharmaceutical market will be the third most attractive in Latin America and the fifth in the Americas in 2016. It is often compared in size to Venezuela, but they are very different markets. Espicom projects a double-digit CAGR in local terms but a high single-digit CAGR in US dollar terms between 2011 and 2016. Pharmaceutical consumption will continue to rise but is not expected to show the exceptional growth rate in US dollar terms registered in recent years, as the economy fell in US dollar terms in 2009 and the peso is expected to weaken against the dollar over the period.
Including internal demand, exports and imports, pharmaceutical sales at manufacturers' prices rose by 28.4% in local terms and 21.0% in dollar terms in QII 2011. The central nervous system represented 15.9% of the total, followed by the cardiovascular system (15.7%) and the alimentary tract & metabolism (13.7%). Sales from Argentine producers represented 29.0% of the total, followed by Indian producers (15.6%) and German producers (7.6%). Pharmaceutical production at manufacturers' prices rose by 30.3% in local terms and 22.9% in US dollar terms in QII 2011, most of which was accountable to internal demand. In June 2011, the Senate approved a law to regulate the public production of medicaments, vaccines and medical products in the country. This is expected to strengthen the public sector in the country.
There are over 200 pharmaceutical companies operating in the pharmacy sector, of which over half are Argentine.
Companies Mentioned:
- Baliarda
- Bernab
- Beta
- Casasco
- Craveri
- Elea
- Fabop
- Fada Pharma
- Gador
- Gramn
- Lazar
- Phoenix
- Richet
- Richmond
- Roemmers
- Sidus
- Bayer
- Boehringer Ingelheim
- Eli Lilly
- Ferring - Dupomar
- GlaxoSmithKline
- Pfizer
- Sandoz
- Sanofi Pasteur
- TechSphere
- Teva-Tuteur
For more information visit http://www.researchandmarkets.com/research/a72e8f/the_pharmaceutical.
Source: Espicom Business Intelligence Ltd