2014-01-09 08:10:01 - Romania Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on companiesandmarkets.com
We forecast sluggish growth in Romania´s pharmaceutical market over the short term due to greater private contributions to the cost of healthcare and stubbornly high unemployment levels. This is moderating health insurance revenues for the state insurer. The partial removal of elements of the clawback tax will undoubtedly provide the industry with a slight boost this year, as will pressure from creditors to repay debts and companies on time. However, the delaying of changes to the reimbursement list to January 2014 and a low ceiling for pharmaceutical expenditure will moderate pharmaceutical growth of patented and prescription medicines in 2014. These issues continue to weigh down the analyst´s assessment of Romania´s Pharmaceutical and Healthcare Risk/Reward Ratings into Q114.
Pharmaceuticals: RON13.55bn (US$3.91bn) in
2012 to RON13.96bn (US$4.20bn) in 2013; +3.0% in local currency terms and +7.5% in US dollar terms. US dollar forecast down from Q413 due to leu appreciation.
Healthcare: RON34.02bn (US$9.81bn) in 2012 to RON36.36bn (US$10.94bn) in 2013; +6.9% in local currency terms and +11.5% in US dollar terms. Forecast changed from Q413 due to appreciation in leu.
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