2014-03-13 14:56:05 - The Pharmaceutical Market: Lebanon - a new market research report on companiesandmarkets.com
Although this quarter has seen a number of regulatory initiatives taken by the Lebanese Minister of Health, Ali Hassan Khalil , to improve the state of the pharmaceutical industry, we maintain that a multilateral approach is required to improve foreign direct investment (FDI) in to the country and that , in the short to medium term, investment will be deterred and medical tourism revenue diminished by wider macroeconomic and political vulnerabilit i es. Nonetheless, BMI holds to the view that the country provides stable opportunities for multinationals to tap into the cultural prioritisation for medicines and benefit from the increasingly - urbanized population, although risk s include a relatively weak regulatory framework, poor intellectual property laws and medicine pricing restrictions.
Pharmaceuticals: LBP1,959bn (US$1.30bn) in 2011 to LBP2,061bn (US$1.37bn) in 2012; +8.6% in local currency terms and +9.2% in US dollar terms. Forecast revised upwards from Q4 12 due to modifications to historical figures.
Healthcare: LBP4,495bn (US$2.99bn) in 2011 to LBP4,750bn (US$3.15bn) in 2012; +5.7% in local currency terms and +5.6% in US dollar terms. Forecast revised upwards from Q4 12 due to modifications to historical figures.
Medical Devices: LBP365.26bn (US$243mn) in 2011 to LBP402.84bn (US$267mn) in 2012; +10.3% in local currency terms and +10.2% in US dollar terms. Forecast revised downwards from Q4 12 due to modifications to historical figures.
The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.
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