DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9227n6/emerging_pharmaceu) has announced the addition of the "Emerging Pharmaceutical Market in Argentina - Domestic Pharmaceutical Companies Dominate the Market with More Than 55% of the Industry Revenue" report to their offering.
Argentina Takes Hold of Public Healthcare
Argentina is boosting the health of their citizens thanks to strong government schemes that are providing medical attention to those that need it, while financially supporting the country's in house pharmaceutical production, according to a new report from healthcare experts GBI Research.
The new report shows that the Argentine pharmaceutical market is expected to witness significant growth in the near future, based on predicted increases in government healthcare spending, which are set to support the country's citizens by providing comprehensive medical care.
While 15 % of total government expenditure was spent on healthcare in 2009, a higher ratio than that of most emerging countries, schemes such as the Remediar program, which runs a network distributing essential drugs directly to local clinics in low-income neighborhoods and is funded by the government and the Ministry of Health (MOH), are set to further increase expenditure in coming years.
Argentina's pharmaceutical market is one of the fastest-growing markets in Latin America, having blossomed since the country's economic crisis of 2001-2002.
Amidst the financial turmoil, large domestic companies acquired the divested manufacturing facilities of multinational pharmaceutical companies and established themselves in the market to support the country's healthcare needs.
The Argentine pharmaceutical market is therefore now dominated by local pharmaceutical companies, which accounted for 58% of the industry's revenue in 2010. Pharmaceuticals produced by domestic laboratories within the country accounted for around 94% of the revenue, with only the remaining 6% of drug sales relying on foreign imports.
Companies Mentioned:
- Abel Santos & Asociados
- Activa CRO
- Blanchard & Asociados
- EGCP
- Klixar
- LatinClin
- MMatiss
- ECLA
- Quintiles
- Covance
- Charles River
- INC Research
- Theorem Clinical Research
For more information visit http://www.researchandmarkets.com/research/9227n6/emerging_pharmaceu