Pharma Projects Strive to Meet Growing Veterinary Demand in South America

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Researched by Industrial Info Resources (Sugar Land, Texas)--Pharmaceutical products for the veterinary industry are big business in South America. According to Market Data Forecast, the veterinary healthcare market in Latin America was worth $3.46 billion in 2020 and is expected to grow to $5.11 billion by 2025.

Industrial Info's Global Market Intelligence (GMI) Database includes information on 31 plants that manufacture veterinary pharmaceutical products in South America and has identified 44 related projects, worth $251.87 million.

Brazil ranks first with project investments worth more than $100 million, followed by Colombia with $99 million and Argentina with more than $39 million.

By type, these projects represent an investment of more than $120 million in expansions, $65 million in grassroot projects and more than $24 million in equipment additions.

Click here for a list of related projects and see graph below showing project spending by country.



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