Chile Pharma Market

State of the country

Society

National system

Constitutional republic, democratic republic, unitary system, presidential system.

Geographical location

Chile is located in the southwest of South America, west of the Andes Mountains, with a coastline of about 10,000 kilometers, making it the longest and narrowest country in the world. It is bordered by Bolivia and Argentina to the east, Peru to the north, the Pacific Ocean to the west, and Antarctica to the south across the sea. Chile uses UTC-4 time, summer time uses daylight saving time UTC-3 time; Easter Island uses UTC-6 time, summer time uses daylight saving time UTC-5 time. The time difference with Beijing is 12 hours, and the time difference in daylight saving time is 13 hours (UTC is Coordinated Universal Time).

Capital

Santiago is the fourth largest city in South America. It was founded on February 12, 1541 and is the political, economic, cultural and transportation center of Chile.

Major cities

[Main economic center cities] Santiago, Valparaiso, Concepcion, Antofacasta, La Serena, Iquique, Temuco, Puerto Montt and Punta Arenas, etc. .

Climate zone

30℃/65%RH

Main ports

Arica

Iquique

San antonio

Valparaiso

Puerto Angamos

Antofagasta

Caldera

Coronel

Lirquen

Punta atenas

Puerto montt

Santiago

San Vicente

Talcahuano

Population

2020: 19.1 million

Annual population growth in 2020: 0.86%

Cause of death

Year 2009

ischemic heart disease

ischemic stroke

lower respiratory tract infection

stomach cancer

COPD

Alzheimer's disease

lung cancer

intracerebral hemorrhage

type 2 diabetes

colon cancer

Year 2019

ischemic heart disease

ischemic stroke

Alzheimer's disease

lower respiratory tract infection

COPD

stomach cancer

lung cancer

type 2 diabetes

bowel cancer

intracerebral hemorrhage

Economy

GDP

GDP (2020): USD 252.9 billion

GDP per capita (2020): 13231.7 USD

GNI

GNI (2020): PPP USD 458.5 billion

GNI per capita (2020): USD 23,980 PPP

Exchange rate

1 USD = 800.95 Chilean Peso (2022.2.16)

Culture

2022 holidays

date    festival name

1.1      New Year

Holy Week

5.1      Labor Day

5.21     Naval Day

San Pedro and Pablo Festival

7.16     Feast of the Virgin of Carmen

8.15     Assumption of the Virgin

9.18     Independence Day

9.19     Army Day

10.15    Race Festival

11.1     Halloween

12.8     Immaculate Conception

12.25    Christmas

The working week in Chile is 45 hours and can be scheduled either Monday-Friday or Monday-Saturday.

Nationality

Whites and Indian-Europeans accounted for 88.92%, and Indians accounted for 11.08%. The Indians in the southern Araucania region are more concentrated.

Language

The official language is Spanish, Mapuche is used in Indian settlements, and English is the main foreign language.

Customs

Chileans attach great importance to greeting etiquette when meeting guests. When they meet guests for the first time, they often shake hands and greet their familiar friends with warm hugs and kisses. Some elderly people meet, but also used to raise hands or take off their hats. In formal occasions, an administrative title or academic title should be added before the salutation. Chileans are invited to a banquet or dance and always bring a little gift. Convenience is always given to the elderly, women and children in public places. Chileans pay attention to dress neatly, and formal attire is often worn during working hours and formal occasions. The taboos are almost the same as in the West, some people think the number 13 is unlucky and prefer the number 7.

Status of the pharmaceutical market

Overview

The Chilean pharmaceutical market is mainly dominated by generic drugs. Due to the economic slowdown in recent years, consumer preference for cheaper drugs (generics) will continue to increase. On the other hand, Cenabas, the public agency responsible for the procurement of medicines in public hospitals, will increase the direct import of medicines, which can avoid the higher costs of paying local suppliers.

Pharmaceutical market

In 2015, the Chile pharmaceutical market size was valued at USD 2.4 million, of which USD 1.6 million was in retail (pharmacies) and USD 0.8 million in public health institutions such as public hospitals. Of the $1.6 million, prescription drugs accounted for 65% of the volume and 77% of the value; of which generic drugs accounted for 70%.

Chile prefers imported prepared products to APIs (less than 10% of the imported volume). In 2019, the scale of imported prescription drug products was US$1.66 million.

In 2017, the top five imported drugs were: the United States 14.5%, Germany 12.3%, Switzerland 6.22%, France 5.66%, India 5.38% (71.5 million)

As of 2018, there are 25 manufacturers (production laboratory) and 11 distributors (conditioning laboratory: labeling or secondary packaging) in Chile. In addition, Chilean law does not allow the registration of companies that simply distribute medicines. Distributors must be qualified for repackaging to register.

Including multinational companies, there are 75 pharmaceutical companies in the country. The top four are Recalcine (MKT share: 7.23%), Laboratorio Chile (6.44%), Grunenthal (6.14%), and Saval (5.84%).

The main distributors are: Socofar, Drogueria Nunoa, Farma 7, Schubert

Structure of the market

Laboratories:

Public Sector:

Cenabast

Public Hospitals

Municipalities

Private Sector:

Wholesalers

Pharmacies

Private Hospitals

Registration

Regulator: The Agencia Nacional de Medicamentos (ANAMED)

Registration period: 6-18 months

Registration fee: $2500, depending on the variety

Whether factory inspection is required: no

Documentation requirements: eCTD, having an FDA or EMEA background will give an advantage in the registration process, but it is not conclusive.