Argentina’s specialty pharmacy industry has grown by more than 300% since 2008, and the industry is now responsible for nearly 70% of the countrys total retail sales.
The growth in specialty pharmacy sales is largely due to the growing availability of medicines from Argentina’s major suppliers, according to an analysis of government data released in November.
The industry has also benefited from the country’s high availability of generic drugs.
In 2013, Argentina had the third-highest market share in the world for generic drugs, with sales totaling US$4.8 billion, according a report by the research firm Pharmaz.
But the market for generic medicine grew to $8.4 billion in 2015, up from $3.8 million in 2014, the report said.
According to Pharmaz, Argentina’s top generic drugs are sold in pharmacies, supermarkets and other retail outlets.
And Argentina’s prescription drugs are also increasingly available in pharmacies.
In 2014, pharmacies were the third most common source of generic medicines for use in Argentina, with 8% of all prescriptions filled in pharmacies and 7% in supermarkets, the data showed.
In the past five years, the number of pharmacies in the country has more than doubled, reaching over 500,000, according the Pharmaz report.
In addition to the pharmacies, the main supplier to Argentina is the National Pharmacy Association, which is led by former President Cristina Fernandez de Kirchner.
The National Pharmacias association has its headquarters in Buenos Aires, and also owns pharmacies and pharmacy suppliers in Argentina’s capital city, Buenos Aires.
The association’s annual report said the group sold US$3.2 billion worth of pharmaceuticals in 2015.
The group is also responsible for the bulk of the drugs sold in Argentina.AAP/Reuters The pharmacy group has been a major player in the specialty pharmacy market for decades, with the largest share of its sales coming from the specialty drugs it sells.
In 2008, the group was one of the biggest players in the industry, with US$2.3 billion of sales, Pharmaz said.
But in 2015 the group had to deal with a severe downturn in the global economy and was forced to shut down.
In a statement, the pharmacy association said that since the closure, it has been looking for ways to diversify its business, including acquiring or expanding its other suppliers.
The countrys main supplier is the national pharmaceutical association, which owns pharmacies in all 50 states and the US.