2014-04-02 20:45:01 - Cuba Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on companiesandmarkets.com
The special economic zone allows Cuba to have greater openness in parts of its state without the immediate danger of risking its deeply rooted communist system. Cuba has also taken other tacit admissions of major structural changes to reform its economy and become more open to the outside world.
However, the US trade embargo remains a major hindrance for foreign drugmakers to capitalise on Cuba´s strong potential in the pharmaceutical and healthcare industry.
Headline Expenditure Projections:
- Pharmaceuticals: CUP1.28bn (US$1.28bn) in 2012 to CUP1.35bn (US$1.35bn) in 2013; +5.1% in local currency terms and US dollar terms.
- Healthcare: CUP7.32bn (US$7.32bn) in 2012 to CUP7.84bn (US$7.84bn) in 2013; +7.1% in local currency terms and US dollar terms.
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