Brazil's Biopharmaceutical Sector Contributes to Economic Growth, Expands Access to Healthcare
Released on: September 28, 2010, 11:01 am
Global Health Progress
Global Health Progress (GHP) released a new report that
reveals how the biopharmaceutical sector in Brazil, the tenth largest
biopharmaceutical market in the world and the largest in Latin America,
is an important driver for its economy. For instance, Brazil’s biopharmaceutical sector develops high-quality, highly
skilled jobs, which is a key factor in creating a stable economy. Currently,
approximately 821 biotechnology companies in Brazil employ almost 100,000 people
with an average annual salary of approximately US $4,457. Among those companies,
six biopharmaceutical companies were featured in a 2003 list of the top 100
companies to work for in Brazil.
Not only does the biopharmaceutical sector produce valuable job opportunities for
highly skilled workers, this emerging market plays a critical role in fostering
public-private partnerships, which leads to more economic growth and greater access
to healthcare for its citizens.
Investment in research and development (R&D) and promoting innovation are key ways
the Brazilian government is helping drive future growth of the country’s
biopharmaceutical sector. For instance, R&D investments in Brazil have increased to
1.5% of GDP in 2010 and there are more than 205 highly trained physicians per
100,000 of the population serving as investigators for clinical studies.
“In Brazil, promoting innovation is a public policy priority,” stated Rafael Oliva,
Advisor to the Presidency at the Brazilian Development Bank. “The participation of
the Brazilian government in research and development (R&D) is considerable, and the
goal is to both increase innovative activities in Brazil on a systematic basis, and
to consolidate the country’s culture of innovation.”
GHP fact sheet shows how Brazil’s investment in research and development (R&D) will
create positive effects throughout the economy, including improving access to
healthcare for its citizens through the production of new medicines. The growing
field of clinical trials is also a significant factor in improving access to
healthcare. Brazil’s large population of 190 million people, with 8 out of every 10
residents living in or near a city, means clinical trial recruitment and
participation is fairly robust.
Brazil’s robust investment in promoting innovation is contributing to the global
expansion of the biopharmaceutical sector, which in turn creates a positive effect
on the overarching global health goals of fostering global competitiveness, reducing
the health and economic burden of disease on local citizens, developing tomorrow’s
medicines and expanding access to healthcare. Please view full PDF for additional
information and list of sources.
About Global Health Progress:
Global Health Progress also supports efforts to raise awareness and mobilize
resources to address health challenges in the developing world by bringing local
leaders together with international health experts, policymakers, donor governments,
and the private sector.
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