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Peru’s Pharma and Healthcare Industry to Double in 2012 to US$317 million from 2007

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Independent firm Research and Markets report announced in Dublin, Ireland today estimates de Peruvian pharmaceutical and healthcare industry will double its size in 2012 compared to 2007 levels, to US$317 millionfrom US$ 180 million, respectively.

The report highlights the reason behind this expected growth is Peru’s current small market size and low per capita spend on drugs.

According to a MarketWatch article today, “the government is committed to the improvement of generics penetration, as part of wider healthcare system reform, which has already attracted a number of foreign players”. This same¬†article also states:

“Peru will retain its place among Latin America’s investment grade elite, underpinned by our long-held view that Peru’s sound macroeconomic fundamentals and robust economy, driven largely by domestic demand, make it a highly attractive destination for long-term foreign investors.”

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Written by Catherine Castro

December 1, 2008 at 1:57 pm