2014-03-13 15:15:04 - The Pharmaceutical Market: Qatar - a new market research report on companiesandmarkets.com
According to recent reports in The Gulf Times, Qatar will have four new drug manufacturers by the end of Q113. The drugmakers will reportedly import their raw materials and produce tablets, syrups and injectables. It is anticipated the drug manufacturers will (in our view eventually) help curb reliance on imports and lower prices of retail medicines in the country as a result of increased local competition, according to Dr Aisha al-Ansari of the Supreme Council of Health Pharmacy and Drug Control Department (SCH). If the production facilities are opened on schedule, we will revise our forecasts accordingly. Generally speaking, however, we expect Qatar to remain greatly reliant on imported medicines, given the high level of consumption of patented drugs.
Pharmaceuticals : QAR1.32bn (US$362mn) in 2011 to QAR1.38bn (US$379mn) in 2012; +4.7% in local currency and US dollar terms. Historical figures adjusted to reflect new import data.
Healthcare: QAR10.54bn (US$2.89bn) in 2011 to QAR11.40bn (US$3.13bn) in 2012; +8.2% in local currency and US dollar terms. Forecast slightly lower from Q 4 12 on account of macroeconomic factors.
Medical devices: QAR1.02mn (US$279mn) in 2011 to QAR1.15mn (US$317mn) in 2012; +13.6% in local currency and US dollar terms. Forecast slightly lower from Q 4 12 on account of macroeconomic factors.
The competitive landscape section provides comparative company analyses and rankings by US$ 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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