The market is dominated by domestic suppliers, as imports account for 46.4% of total market size in 2022. Households drive market demand, with household spending representing 80.6% of total demand in 2022. Mexico has the third largest market size for pharmaceuticals regionally, with demand reaching USD18.0 billion in 2022. Bayer de México SA de CV is the largest company in Mexico, generating 3.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 12.7% of total production value in 2022. The total number of companies increases in 2022, to 12,097 units. The costs of the industry increase by 15.4% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 27.6% of production value in 2022, the 13th highest regionally. The industry’s exports share increases in 2022 to 26.9% of total production output. With production value of USD11.5 billion, Mexico accounts for 7.7% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Pharmaceuticals in Mexico: ISIC 2423. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pharmaceuticals in Mexico: ISIC 2423 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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