2014-02-07 19:16:02 - Lithuania Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on companiesandmarkets.com
We expect the Lithuanian pharmaceutical market to post a five-year compound annual growth rate (CAGR) of 4.0%, rising to a value of LTL2.09bn (US$726mn) in 2017. While double-digit annual growth rates are firmly in the past, some opportunities continue to exist in light of epidemiological factors and an ageing population. However, finances will remain tight, both in terms of public and private spending on medicines and healthcare in general.
Headline Expenditure Projections:
- Pharmaceuticals: LTL1.72bn (US$640mn) in 2012 to LTL1.74bn (US$672mn) in 2013; +1.5% in local currency terms and +5.1% in US dollar terms. Forecasts somewhat higher in relation to previous quarter on account of more positive macroeconomic outlook.
- Healthcare: LTL7.67bn (US$2.86bn) in 2012 to LTL7.57bn (US$2.92bn) in 2013; -1.4% in local
currency terms and +2.1% in US dollar terms. Forecasts somewhat higher in relation to previous quarter on account of more positive macroeconomic outlook.
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