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Myanmar pharmaceuticals market: $320mn industry in 2013

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Myanmar Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-24 09:47:03
Despite its small size, Myanmar´s pharmaceutical market offers drugmakers strong revenueearning opportunities. Generic and over-the-counter drug companies in particular stand to benefit, as the population´s per capita expenditure on pharmaceuticals and healthcare remains low but set to rise.

However we believe that the country remains a high-risk market as a result of political risks arising from ethnic tensions, in addition to the challenging economic framework - the result of corruption and unclear regulations.

Headline Expenditure Projections

oPharmaceuticals: MMK241.2bn (US$280mn) in 2012 to MMK279.5bn (US$320mn) in 2013; +15.9% in local currency terms and 14.1% in US dollar terms.

oHealthcare: MMK992.5bn (US$1.1bn) in 2012 to MMK1,098.4bn (US$1.3bn) in 2013; +10.7% in local currency terms and +9.0% in US dollar terms.

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