Latin America Active Pharmaceutical Ingredients Market Outlook 2027

The active pharmaceutical ingredient market in the Americas shows a clear north and south divide 88% for the US and Canada, the rest for South and Central American companies. But as the economy in Latin America booms and prosperity growths One of the fastest growing API markets in the world, with a growing demand for generic and biologic medications. Latin America API market is one of the markets that are higher CAGR of 5.63% year on year. Markets influenced by the rising population, increased expenditure on health, increased R&D investment in the pharma industry are the rise in chronic diseases, less utilisation of generic drugs and government policy towards the API industry. The main restraints in the API market in case of Latin America can be attributed to many factors such as delay in regulatory approvals ,less development of pharma sector ,extreme protocols for testing ,APIs outsourcing high investments for manufacturing and less presence of manufacturing companies. In Latin America science and technology development is far behind when compared with other developed countries so the inordinate delay in the testing and application of APIs inhibit s the markets to a large extent.

In Latin America following countries are: - Brazil, Argentina, and Colombia. The Active pharmaceutical ingredients is always expanding the appropriating alongside various techniques for the definition of active medication ingredients because of the termination of the patent of marked medications and , there is no utilization of putting resources into R&D exercises which can profit the organization or the makers. Thusly makers by and large lean toward nonexclusive medications over the marked or perceived ones as a result of the developing’s deals in the Active Pharmaceutical ingredients market. The main driving factors for the growth of the Active Pharmaceutical Ingredients are the increasing prevalence of chronic diseases, increasing uptake of biopharmaceutical products, and the rising importance of generic drugs. Increasing uptake of generic medicines and technological advancement in API manufacturing is considerably the boosting factors for the growth of the targeted market the merchant manufacturer’s monitored one of the fastest growths owing to the rise in outsourcing of drug formulation by manufacturers.

The rising adaption of counterfeit drugs and high drug price policies, across the globe are expected to impede growth of this market. The active pharmaceutical ingredients market was earlier dominated by cardiovascular, anti-infective, pain management, diabetes, oncology, and analgesic drugs. The market has been witnessing an increasing demand for complex and novel formulations for the treatment of oncology, metabolic disorders, and autoimmune diseases.

According to the report titled Latin America Active Pharmaceutical Ingredients Market Outlook, 2027, the Latin America active pharmaceutical ingredients market size was valued at USD 12 Billion in 2020 and is expected to expand at a CAGR of more than 5.63% from 2022 to 2027.

The Brazil is the fastest growing region as well as the largest in terms of offshore investments. Companies globally are coming to Latin America to manufacturing products at a cheaper labour cost Brazil's pharmaceutical market is one the fastest growing markets in South America and has enjoyed steady growth since 2004 and the largest in Latin America.

Nearly more than 65% market share is held by Colombian local Pharmaceutical Manufacturers and 35% by Multinational Companies, where 43% are Generic medicine 41% are patented medicine and 16% are the OTC.

In Colombia diabetes has been estimated at 16.78% in 2021 and projected to reach at more than 16.96% in 2027, at a CAGR of 4.90% during the forecast period from 2022 to 2027. Colombia the market is mainly driven by increasing R & D in the field of diabetes along with increasing awareness about disease care. But still there is a class of people with low literacy rates due to which the market growth is constrained. The high cost is also restricting the market in Colombia .chronic problems have alarmingly increased direct costs Colombia is experiencing an epidemiologic transition, with an increasing incidence of cancerous neoplasms tissues prevalent in high-income countries, while infection associated tumours remain highly prevalent.

Covid-19 impact

The novel coronavirus disease 2019was characterized as a global pandemic by the World Health Organization (WHO) on March 11, 2020. The pandemic has caused an intolerable impact on the health structure, as well as the pharmaceutical sector, which in ultimatum has created enormous issues in the everyday lives of the patient community. Situation may appear in short and long-term time horizon and need identification along with appropriate planning to reduce the socio-economic burden. The Active pharmaceutical industry is the world's third-largest drug producer by volume. The India supplies affordable and low-cost generic drugs to millions of people around the globe and operates more than 250 United States Food and Drug Administration and United Kingdom Medicine and Healthcare products Regulatory Agency (UKMHRA) approved plants pharmaceutical industry, the source of Active Pharmaceutical Ingredients (APIs) for multiple diseases is. The coronavirus disease 2019 was characterized as a global pandemic by the World Health Organization (WHO) on March 11, 2020. In this pandemic has caused an intolerable impact on the health structure as well as the pharmaceutical sector, which in ultimatum has created enormous issues in the everyday lives of the patient community pandemic. The China is the top global producer and exporter of Active Pharmaceutical Ingredients by volume and Indian pharmaceutical industries are also rely heavily on APIs from China for the production of their medicine formulations by importing around 70 %of the total requirement. During this pandemic situation has exposed the world's over-reliance on China in terms of API import and bound world leaders to sustainable alternatives.

Major Companies present in the market:

Aurobindo Pharma Limited, Cipla Limited, Dr. Reddy’s Laboratories Limited, Lupin Limited, Sun Pharmaceutical Industries Limited, Pfizer Inc., Novartis International AG, Biocon Limited, Sanofi S.A., Teva Pharmaceutical Industries Limited, AbbVie Inc., GlaxoSmithKline plc., Merck & Co., Inc., Viatris Inc., Bristol-Myers Squibb Company

Considered in this report

• Geography: Latin America
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report

• Latin America Active Pharmaceutical Ingredients Market with its value and forecast along with its segments
• Country wise Active Pharmaceutical Ingredients market analysis
• Application wise Active Pharmaceutical Ingredients distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report

• Argentina
• Brazil
• Colombia

Based on synthesis of Active Pharmaceutical Ingredients in the report:

• Synthetic APIs
• Biotech APIs

Based on drug type of Active Pharmaceutical Ingredients in the report:

• Branded APIs
• Generic APIs

Based on type of manufacture of Active Pharmaceutical Ingredients in the report:

• Captive APIs
• Merchant APIs

By Therapeutic Application Type in the report:

• Communicable Diseases
• Oncology
• Diabetes
• Cardiovascular Disease
• Pain management
• Respiratory Diseases
• Other Therapeutic Applications

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to pharmaceutical industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

This report would help you answer the following questions:

1. What is the future of pharmaceutical industry?
2. What is Active Pharmaceutical Ingredients marketplace
3. What is the PCD pharma?
4. What is the CFR in pharma?
5. Which of the species provide highest medicines?