+49 30 648 35 164 service@chameleon-pharma.com

Argentina

Brown rocky mountain under blue sky with Argentinian flag

Featured image: Photo by Hector Ramon Perez on Unsplash 

Argentina: back to a growing OTC and pharma market 

Argentina’s self-medication and pharma market has experienced a big growthover the past few years and is offering golden opportunities. 

Argentina’s OTC and pharma market was worth US$ 3,9 billion in 2014. In the recent years, Argentina has been suffering from the local economic crisis. However, the consumer health and pharma industry seems to have improved in the past two years, and is expected to reach USD 7,5 billion in ex-factory by 2035, according to our CPC estimates. This growth will depend largely on the general economic situation of the country. 

There are three main players that make up the insurance system in Argentina: 

  • The Argentinian government covers 36% of the population, supporting vaccines, primary care, medicines, clinical studies, hospitalization and surgery. 
  • Obras Sociales, a union-backed health insurance for workers, co-financed by employers and employees, that covers 64% of the population. 
  • Prepago, a private health insurance that covers 13% of the population. 

Due to the recent economic environment in Argentina, the CONETEC (National Commission for the Evaluation of Health Technologies) was created in 2018 to carry out evaluations and issue recommendations to the health authority on the incorporation, form of use, financing and coverage policies of health technologies.

At Chameleon Pharma Consulting Group, we support market entry for clients through consulting on Regulatory topics, GMP Certificates, and Market Entry Scenarios. Contact us for more details !

The Argentinian OTC and pharma market in 2035

USD 32,36 Billion 

OTC and pharma market size, ex-factory

2-4%

OTC and pharma market growth

Argentina in numbers

Total population

Male/Female

Population growth

Birth rate

Mortality rate

Life expectancy

Interested in this market?

We are ready to support you in Strategy, Marketing, Systematic International Company Partner Identification, Commercial Due Diligence, Business Development, Acquisition Search, Regulatory projects, and more in order to ensure your growth.