Generic drugs represent a great advance both in Brazil and Mexico, as they allow the population to access affordable, safe and effective treatments.
Market penetration of generic drugs in Mexico and Brazil
Generics/General | Posted 27/04/2023 0 Post your comment
Pharmaceutical industry specialists in Mexico agree that generic medications currently represent an alternative to drug shortages, as they account for 65% of the total market.
The sale of generics is what generated the greatest growth during the COVID-19 pandemic in Mexico [1].
The lack of a state policy has led Mexico to become dependent on international suppliers such as China and India, who not only produce pharmaceutical active components (APIs), but also their precursors. This has created difficulties in the supply of medications, as 95% of the APIs are imported. Mexico has been warning for some time about the need to make investments and carry out appropriate public policies to ensure their own production and supply of medications.
On the other hand, in Brazil, generic drugs represent 35.44% of the drugs sold in the country, generating significant savings for consumers. They also account for 73.38% of the drugs used for hypertension, 78.66% for cholesterol, 71.85% for anxiety and 64.66% for depression.
The Brazilian pharmaceutical market has undergone many changes since the introduction of generic drug legislation in 1999 [2].
Among the 20 most prescribed drugs in the country, 15 were found in their generic version, such as amoxicillin, azithromycin, losartan, escitalopram, cephalexin and simvastatin, among others. In total, in Brazil, 96 pharmaceutical companies market generics that are up to 35% cheaper than reference drugs, and they are effective in treating 90% of the prevalent diseases among the Brazilian population.
The difference in generic drug penetration between Mexico and Brazil is truly significant. With a penetration rate of 65%, Mexico has much greater acceptance of generic drugs than Brazil, where the penetration rate is only 35.44%.
Overall, the contrast in generic drug penetration between Mexico and Brazil highlights the importance of government policies, regulations and public awareness campaigns to promote the use of affordable and effective generic drugs.
Generic drugs are a powerful tool to support health and have been shown to be beneficial for both Mexican and Brazilian society.
Related articles
The effects of regulation on innovation in Mexican pharmaceutical industry
Laws on packaging, substitution and prescription of generics in Brazil
A broader and stronger generic drug market is promoted in Mexico
LATIN AMERICAN FORUM View the latest headline article: Avanzar en el desarrollo de medicamentos biosimilares con biomarcadores farmacodinámicos Browse the news in the Latin American Forum! Register to receive the GaBI Latin American Forum newsletter. Inform colleagues and friends of this new initiative.
FORO LATINOAMERICANO Ver el último artículo de cabecera: Avanzar en el desarrollo de medicamentos biosimilares con biomarcadores farmacodinámicos !Explore las noticias en el Foro Latinoamericano! Regístrese para recibir el boletín informativo GaBI Foro Latinoamericano. Informe a colegas y amigos sobre esta nueva iniciativa. |
References
1. GaBI Online - Generics and Biosimilars Initiative. Use of generics increases during the COVID-19 pandemic in Mexico [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2023 Apr 27]. Available from:
www.gabionline.net/generics/general/use-of-generics-increases-during-the-covid-19-pandemic-in-mexico
2. GaBI Online - Generics and Biosimilars Initiative. The generics market in Brazil [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2023 Apr 27]. Available from: www.gabionline.net/generics/research/the-generics-market-in-brazil
Permission granted to reproduce for personal and non-commercial use only. All other reproduction, copy or reprinting of all or part of any ‘Content’ found on this website is strictly prohibited without the prior consent of the publisher. Contact the publisher to obtain permission before redistributing.
Copyright – Unless otherwise stated all contents of this website are © 2023 Pro Pharma Communications International. All Rights Reserved.
Research
Japan’s drug shortage crisis: challenges and policy solutions
Saudi FDA drug approvals and GMP inspections: trend analysis
Comments (0)
Post your comment