Local pharma market may balloon to P759 billion by 2030“We forecast the pharmaceutical market to expand from P525 billion ($9.1 billion) in 2025 to P759 billion ($12.1 billion) by 2030,” BMI said in a report. MANILA, Philippines — The country’s pharmaceutical market is expected to reach P759 billion by 2030, supported by investments in local drug manufacturing, according to research and analysis firm BMI. “We forecast the pharmaceutical market to expand from P525 billion ($9.1 billion) in 2025 to P759 billion ($12.1 billion) by 2030,” BMI said in a report. BMI said the projected growth would be supported by investment commitments for local drug manufacturing as the government implements measures to further attract firms. “Structural constraints will continue to limit pharmaceutical manufacturing growth despite supportive policy measures,” BMI said.

Source: Philippine Star March 21, 2026 16:40 UTC