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Spain Pharmaceuticals and Healthcare Report Q3 2013

Spain pharmaceuticals market: $21.86bn industry by 2013


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2014-02-12 11:33:03 - Spain Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com

The deterioration of the Spanish economy and the government´s implementation of increasingly aggressive fiscal austerity policies that focus on cost containment in the healthcare sector will lead to yearly declines in pharmaceutical spending, at least until 2017. Our view is supported by the success of previous government measures, including the steep decline in state spending on medicines and the drop in average expenditure per prescription following the implementation of Royal Decree Laws 4 and 8/2010, Royal Decree Law 9/2011 and Royal Decree Law 16/2012.

Headline Expenditure Projections

- Pharmaceuticals: EUR18.34bn (US$23.30bn) in 2012 to EUR16.44bn (US$21.86bn) in 2013; -10.4% in local currency terms and -6.2% in US dollar terms.

- Healthcare: EUR99.51bn (US$126.38bn) in 2012 to EUR98.83bn (US$131.44bn) in 2013; -0.7% in local

 

 

currency terms and 4.0% in US dollar terms.

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Mike King
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