Price: $ 1295
BMI View: We maintain our subdued outlook on the Dutch pharmaceutical and healthcare sector for the remainder of 2013 and looking forward into 2014. With further essential structural reform to the public sector on the horizon, leading to excessive budget deficits, we see economic recovery being put on hold. We therefore do not expect the pharmaceutical industry to return to positive growth until 2016 at the earliest. The Dutch on average spend 14% less on medicines than the rest of Western Europe, and uptake of generic medicines, encouraged by patent expiries and insurers' preference policies, will result in continuing negative pressures on volume consumption and prices of medicines. Headline Expenditure Projections ? Pharmaceuticals: EUR6.88bn (US$8.74bn) in 2012 to EUR6.81bn (US$9.06bn) in ...
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