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"Central America Pharmaceuticals & Healthcare Report Q1 2014" now available at Fast Market Research


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2013-12-04 04:55:02 - Recently published research from Business Monitor International, "Central America Pharmaceuticals & Healthcare Report Q1 2014", is now available at Fast Market Research

Despite the delicate macroeconomic situation in Central America, the pharmaceutical market -consisting of the seven markets of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Belize - is set to grow. Local authorities' emphasis on healthcare investment should translate into higher consumption of medicines. However, the region's low per capita pharmaceutical spending and generic drugs' high market share has limited multinationals' growth potential in the region.

Headline Expenditure Projections

* Pharmaceuticals: US$3.5bn in 2012 to US$3.7bn in 2013; +4.9%. Our forecast has been revised slightly upwards since Q413 due to more optimistic macroeconomic data.
* Healthcare: US$15.4bn in 2012 to US$16.6bn in 2013; +8.1 %. Our forecast has been revised upwards since Q413 due to more optimistic macroeconomic data.

Full Report

Details at
- www.fastmr.com/prod/723434_central_america_pharmaceuticals_healt ..

Risk/Reward Ratings: In BMI's Q114 Pharmaceutical Risk/Reward Ratings (RRRs), the Americas scores 67 out of 100, below the Western Europe region (67), Central and Eastern Europe (52), the Asia Pacific (52) and above the Middle East and Africa (42) region. Of the seven Central American countries surveyed in BMI's RRRs Panama ranks first, followed by Costa Rica (40.8), Guatemala (37.6), El Salvador (37), Belize (36.9), Honduras (32.6) and Nicaragua (32.3).

Key Trends And Developments

* In August 2013, Costa Rica's public health system inaugurated a new centre worth US$18mn. The new facility is situated in one of the major hospitals in San Jose and was inaugurated by Costa Rican President Laura Chinchilla.
* In August 2013, the Costa Rican social security administration (Caja Costarricense de Seguro Social, CCSS) saved US$1.5mn in annual pharmaceutical procurement through the Council of Ministers of Health from Central America and Dominican Republic (COMISCA).
* In July 2013, Honduras planned to allocate a US$50mn loan from the Inter-American Development Bank (IDB) to improve its health services, especially in rural areas. The IDB financing consists of a 30-year term US$35mn loan from ordinary capital, with a grace period of five-and-a-half years and an interest rate based on LIBOR. The remaining US$15mn is from the Fund for Special Operations, with a 40-year term and grace period and 0.25% interest rate. The program aims to strengthen the capacity of the Ministry of Health (SESAL) and improve its efficiency and quality of services. The government plans to double the number of beneficiaries by 2015.
* In July 2013, Kielsa Pharmaceutical, a Honduran pharmacy chain, opened its first pharmacy in Managua, Nicaragua. It offers products at prices up to 50% lower than those from local pharmacies and plans to open ten large pharmacies in Managua in its first year and generate US$80mn in sales annually from Nicaragua.

BMI Economic View: The region's economic trajectory remains highly divergent. Panama is set to experience one of the fastest real GDP growth rates in the world over the next few years, whereas El Salvador and Guatemala are expected to struggle.

BMI Political View: Drug-related violence and rising levels of insecurity will remain a major concern for most of the region's electorate, although such concerns will be particularly elevated among the 'northern triangle' states of Guatemala, El Salvador and Honduras.

Partial Table of Contents:

BMI Industry View
SWOT
- SWOT
Industry Forecast
- Pharmaceutical Market Forecast
- Table: Central America Pharmaceutical Sales, Historic Data And Forecasts, 2009-2017
- Guatemala
- Table: Guatemala Pharmaceutical Sales Forecasts
- Costa Rica
- Table: Costa Rica Pharmaceutical Sales Forecasts
- El Salvador
- Table: El Salvador Pharmaceutical Sales Forecasts
- Honduras
- Table: Honduras Pharmaceutical Sales Forecasts
- Panama
- Table: Panama Pharmaceutical Sales Forecasts
- Nicaragua
- Table: Nicaragua Pharmaceutical Sales Forecasts
- Belize
- Table: Belize Pharmaceutical Sales Forecasts
- Healthcare Market Forecast
- Guatemala
- Table: Guatemala Healthcare Expenditure Forecasts
- Costa Rica
- Table: Costa Rica Healthcare Expenditure Forecasts
- El Salvador
- Table: El Salvador Healthcare Expenditure Forecasts
- Panama
- Table: Panama Healthcare Expenditure Forecasts
- Honduras
- Table: Honduras Healthcare Expenditure Forecasts
- Nicaragua
- Table: Nicaragua Healthcare Expenditure Forecasts
- Belize
- Table: Belize Healthcare Expenditure Forecasts
- Pharmaceutical Trade Forecast
- Guatemala
- Table: Guatemala Pharmaceutical Trade Data And Forecasts (US$mn)
- Costa Rica
- Table: Costa Rica Pharmaceutical Trade Data And Forecasts (US$mn)
- El Salvador
- Table: El Salvador Pharmaceutical Trade Data And Forecasts (US$mn)
- Panama
- Table: Panama Pharmaceutical Trade Data And Forecasts (US$mn)
- Honduras
- Table: Honduras Pharmaceutical Trade Data And Forecasts (US$mn)
- Nicaragua
- Table: Nicaragua Pharmaceutical Trade Data And Forecasts (US$mn)
- Belize
Industry Risk Reward Ratings
- Americas Risk/Reward Ratings
- Central America Industry Risk/Reward Ratings
Industry Trends And Developments
- Regional Developments
- Guatemala
- Costa Rica
- El Salvador
- Panama
- Honduras
- Nicaragua
- Belize
- Epidemiology
- Clinical Trials
Regulatory Development
- Regulatory Regime
- Intellectual Property Regime
- Costa Rica
- El Salvador
- Honduras
- Nicaragua
- Panama
- Guatemala
Competitive Landscape
Company Profile

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=723434&dt=t

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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