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Argentina pharmaceutical market: Latest market analysis presented

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The Pharmaceutical Market: Argentina - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-10 22:57:02
Argentina´s pharmaceutical market will become increasingly unattractive to multinational pharmaceutical companies, as the double-digit market growth has been mainly driven by the high inflation rate. The strict currency and import restrictions, as well as poor regulatory regime, have further undermined foreign drugmakers´ revenue-generating opportunities. A potential currency devaluation in the future will increase Argentina´s export of medicines to a certain extent, if the country´s structural distorting policies have not eroded its local pharmaceutical production capacity.

Headline Expenditure Projections

Pharmaceuticals: ARS31.30bn (US$7.58bn) in 2011 to ARS39.60bn (US$8.74bn) in 2012; +26.5% in local currency terms and 15.3% in US dollar terms. The forecast has increased since Q412 due to exchange rate fluctuations from previous years, and high inflation rate forecast for 2012.

Healthcare: ARS156.12bn (US$37.82bn) in 2011 to ARS198.71bn (US$30.23bn) in 2012; +27.3% in local currency terms and +16% in US dollar terms. The forecast has increased since Q412 due to over 25% inflation rate forecast for 2012.

Medical devices: ARS3.77bn (US$913mn) in 2011 to ARS4.39bn (US$971mn) in 2012; +16.5% in local currency terms and 6.2% in US dollar terms. The US dollar forecast has decreased since Q412 due to exchange rate fluctuations.

Risk/Reward Rating

Argentina remains at the eighth place in BMI´s RRRs in Q113. However, the poor regulatory regime and high inflation rate are still challenging for the multinational drug companies. The deteriorating business environment and protectionist policies will also have a negative impact on the market. Argentina´s pharmaceutical market is expected to grow at double-digit rates through to 2016 in local currency terms, largely due to inflation.

Competitive Landscape

The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.

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Mike King
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