2014-04-24 08:39:02 - Belgium Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com
We continue to expect a year-on-year (y-o-y) contraction in the value of the Belgian pharmaceutical market in 2013, as public expenditure continues to be challenged by the need for cost containment. While high per capita consumption of medicines continue to offer opportunities for researchbased pharmaceutical companies, risks will remain elevated, especially given the current economic backdrop.
Headline Expenditure Projections
- Pharmaceuticals: EUR5.96bn (US$7.57bn) in 2012 to EUR5.85bn (US$7.85bn) in 2013; -1.80% in local currency terms and +3.6% in US dollar terms. Local currency forecast virtually unchanged from Q213.
- Healthcare: EUR40.37bn (US$51.26bn) in 2012 to EUR41.20bn (US$55.21bn) in 2013; +2.1% in local currency terms and +7.7% in US dollar terms. Local currency forecast broadly unchanged from Q213.
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