(MENAFNEditorial)
We expect Romania's pharmaceutical market in 2015 to be initially driven by a consumer-led recovery as falling fuel and food prices rising wages and declining unemployment drive pharmaceutical consumption but local regulatory factors such as revenue taxes will continue to present obsta cles to growth. Over the longer term we expect the underfunding of the healthcare system to be addressed and given the country's ageing population a broad based boost in expenditure from both public payers and consumers will drive continued growth in the pharmaceutical market.
Headline Expenditure Projections
* Pharmaceuticals: RON14.17bn (USD4.27bn) in 2014 to RON14.63bn (USD4.10bn) in 2015; +3.2% in local currency terms and -3.9% in US dollar terms.
* Healthcare: RON32.97bn (USD9.93bn) in 2014 to RON35.78bn (USD10.03bn) in 2015; +8.5% in local currency terms and 1.0% in US dollar terms.
Full Report Details at
- http://www.fastmr.com/prod/957443_romania_pharmaceuticals_healthcare_report_q2_2015.aspx?afid=101
Risk/ Reward Index
Romania has a BMI Risk/Reward Index score of 55.0 out of 100 making it the sixth-most attractive pharmaceutical market in the Central and Eastern Europe region. Although over the long-term Romania promises a positive growth story drugmakers face numerous obstacles in the domestic market including punitive clawback taxes pricing controls on reimbursed products a convoluted process for gaining reimbursement and tightly-controlled funding by the state for reimbursing pharmaceuticals will moderate the market's attractiveness to drugmakers in the short-term.
Key Trends And Developments
* In January a delegation led by Romania's Health Minister Nicolae Banicioiu stated that the country would collaborate with Indian pharmaceutical firms for the research and development of new medicines and to acquire licences to sell India-manufactured drugs in Europe. Romania's state-owned drug producer Antibiotice Iasi will work together with Cipla Pharma for the development of cancer drugs Aurobindo Pharma is to develop anti-viral medicines and Macleods Pharma...
The Romania Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'s forecasts for drugs and healthcare expenditure and imports and exports focusing on the growth outlook for the prescription OTC patented drugs and generics market segments.
BMI's Romania Pharmaceuticals & Healthcare Report provides industry professionals strategists company executives investors analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Romania pharmaceutical and healthcare industry.
Key Benefits
* Benchmark BMI's pharmaceutical and healthcare market forecasts for Romania to test other views - a key input for successful budgeting and strategic business planning in the Romanian pharmaceutical and healthcare market.
* Target business opportunities and risks in the Romanian pharmaceutical and healthcare sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Romania.
* Assess the activities strategy and market position of your competitors using our company profiles (including SWOTs KPIs and latest activity) and competitive landscape tables.
Coverage
BMI Industry ViewAn at-a-glance perspective on the latest regulatory developments key forecast indicators and major corporate developments covering the prescription OTC and generics markets. The pharmaceuticals and healthcare SWOT outlines strategic factors that affect the basic assumptions underpinning BMI’s forecast analysis and taken together with BMI’s political economic and business environment SWOTs it gives a complete overview of market climate.
BMI Industry Forecast ScenarioIndustry forecasts to end-2019 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Healthcare: Total healthcare expenditure (USDbn) healthcare expenditure (% of GDP) healthcare expenditure per capita (USD) hospital beds doctors and birth & mortality rates (all per ‘000 population).
* Pharmaceutical Market: Drug expenditure in USDbn % of GDP and per capita (USD).
* Patented Drug Market: Prescription drug sales (USDbn & % of total sales).
* Generic Drug Market: Generic product sales (USDbn) generic sales (% of total sales).
* OTC Drug Market: OTC sales (USDbn & % of total sales).
* Macroeconomic Forecasts: Nominal and real GDP % real GDP growth % private consumption growth % industrial output growth % consumer price index % GDP price deflator exports imports trade balance current account balance foreign direct investment exchange rate against USD government expenditure and external debt.
BMI’s Pharmaceuticals and Healthcare Risk Reward IndexBMI’s Risk Reward Index provides investors (both national and multinational) looking for opportunities in the region with a clear country-comparative assessment of the market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Market SummaryA snapshot of key market characteristics including total size of the pharmaceuticals and healthcare segments growth drivers leading therapeutic areas and the competitive landscape
Industry DevelopmentsA focus on government healthcare reforms epidemiological trends mergers and acquisitions product launches market entries FDI activity R&D biotechnology clinical trials and supply chain issues.
Regulatory RegimeDetails of the industry regulatory framework and key legislation covering the licensing of new products/services pricing and reimbursements intellectual property taxation and advertising as well as analysis of the overall regulatory burden.
Competitive LandscapeThe competitive landscape section provides comparative company analyses and index by USD sales and % share of total sales – for the total pharmaceutical sector as well as the OTC generics and distribution sub-sectors.
Company Profiles*
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