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The Pharmaceutical Market: Pakistan

Pakistan pharmaceutical market: New market research published


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2014-03-13 15:10:02 - The Pharmaceutical Market: Pakistan - a new market research report on companiesandmarkets.com

For new medicines to be launched into the Pakistani market, the pharmaceutical regulator must drop its requirement for local rigorous drug approvals and registration process. The country does not have the necessary number of trained professionals to effectively monitor the costly and timely process, while patients would benefit from more rapidly introduced pharmaceuticals. Drugmakers would also see higher commercial upside if the requirements were withdrawn.

Headline Expenditure Projections

Pharmaceuticals : PKR171.20bn (US$1.98bn) in 2011 to PRK189.22bn (US2.05bn) in 2012; +10.5% in local currency terms and +3.2% in US dollar terms.

Healthcare: PKR361.13bn (US$4.18bn) in 2011 to PKR399.54bn (US$4.32bn) in 2012; +10.5% in local currency terms and +6.9% in US dollar terms.

Medical devices: PKR35.14bn (US$407mn) in 2011 to PKR40.48bn (US$438mn) in 2012; +14.8% in

 

 

local currency terms and +11.1% in US dollar terms.

Risk/Reward Ratings

We continue to expect improving healthcare provision in Asia Pacific to bring opportunities for pharmaceutical and medical devices players due to a wider pool of patients. However, the success of these healthcare services depends on its implementation and subsequent monitoring. We highlight that not all countries will be able to succeed in their quest for better healthcare due to poor governance. Aligning with this, in B M I´s Asia Pacific Risk/Reward Ratings (RRRs) for Q113, Pakistan has maintained its rank of a poor 16th out of the 18 markets in the regional matrix. Pakistan ranks below the regional averages for both composite risk and reward figures, in spite of its large and growing population.

Competitive Landscape

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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Mike King
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