The Pharmaceutical Goods Market in Jamaica exhibited fluctuations from 2013 to 2023, with values expressed in million US dollars. By 2023, market size value stood at 14.477 million USD, reflecting an increase of 1.66% from 2022's decline of 7.53%. Notably, the five-year compound annual growth rate (CAGR) was 1.62%. This period saw varied growth, peaking in 2014 at 15.32% year-on-year growth, followed by a stabilization and slight downturn in 2022.
Future trends to watch for include:
- Technological advancements in pharmaceuticals increasing market growth.
- Potential impact of economic factors and healthcare policies on market dynamics.
- Increasing global focus on healthcare, potentially driving demand in Jamaica.
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 3,945,000,000 | 2023 | +1.25% | +1.12% | View data |
| 2 | 2 Germany | 3,201,100,000 | 2023 | -1.13% | -2.07% | View data |
| 3 | 3 France | 2,232,000,000 | 2023 | -2.43% | -2.05% | View data |
| 4 | 4 Italy | 1,865,500,000 | 2023 | -1.63% | -2.55% | View data |
| 5 | 5 United Kingdom | 1,766,700,000 | 2023 | -1.52% | -0.63% | View data |
| 36 | 36 El Salvador | 24,576,000 | 2023 | -0.67% | -1.14% | View data |
| 37 | 37 Estonia | 14,698,000 | 2023 | -9.87% | -7.76% | View data |
| 38 | 38 Jamaica | 14,477,000 | 2023 | +1.66% | +1.62% | |
| 39 | 39 Latvia | 13,888,000 | 2023 | -9.22% | -8.2% | View data |
| 40 | 40 Iceland | 9,647,000 | 2023 | +1.86% | +3.53% | View data |
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