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Chile pharmaceuticals market: $3.6bn industry by 2013

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Chile Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-28 08:55:03
The lack of vigilance in bioequivalence regulations in Chile has allowed for the proliferation of low quality medicines in the market. These can risk patients´ lives and negatively affect the local pharmaceutical industry´s global competitiveness. Despite the ongoing capacity issues reported by domestic manufacturers, we believe generic drugmakers in Chile need to adopt necessary production processes to guarantee their drug quality.

Headline Expenditure Projections

- Pharmaceuticals: CLP1,603bn (US$3.3bn) in 2012 to CLP1,715bn (US$3.6bn) in 2013; +7.0% in local currency terms and +8.9% in US dollar terms.

- Healthcare: CLP9,825bn (US$20.2bn) in 2012 to CLP10,629bn (US$22.3bn) in 2013; +8.2% in local currency terms and +10.2% in US dollar terms.

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