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Pharmaceutical industry in Latin America - Statistics & Facts

Latin America is one of the fastest-growing pharmaceutical markets in the world. With an increasing and aging population of 660 million people, it is forecast to grow at a compound annual growth rate (CAGR) of seven to ten percent between 2023 and 2027. This is twice the expected CAGR for North America. Within the industry, Brazil stands out among Latin American countries, ranking among the top ten pharmaceutical markets worldwide while displaying figures comparable to those of Canada and Spain.
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Published by Matej Mikulic, Dec 17, 2025

Key insights

  • Revenue of OTC pharmaceuticals sold online
  • ***bn USD

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Price and consumption

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