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According to the recently published report by Informes de Expertos, titled “Mercado LatinoamericanodeIngredientesFarmacéuticosActivos (APIs),Informe y Pronóstico 2021-2026”, it is anticipated that the active pharmaceutical ingredients (APIs) market in Latin America will generate around USD XX by 2026. The growing prevalence of chronic diseases coupled with the aging population are factors driving the growth of the market. Moreover, the increasing expenditure in the health care sector and the growing demand for APIs for biologics are further contributing to the growth of the market.