Thursday, 7 November 2013

Thailand Pharmaceuticals and Healthcare Report Q1 2014

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Thailand Pharmaceuticals and Healthcare Report Q1 2014
Nov 6th 2013, 00:00

Price: $ 1295  

BMI View: We calculate that the Thai pharmaceutical market will post a five-year compound annual growth rate (CAGR) of 5.7% in local currency terms, or of 7.0% in US dollars, to reach THB178.54bn (US $6.10bn) in 2017. Key drivers of growth will be volume-based, as the government continues to prioritise the use of generic medicines. Nevertheless, regional harmonisation initiatives - in addition to ongoing trade negotiations - are expected to gradually remove some of the market access barriers for novel products, though their uptake will remain dependent on the availability of private funding. Headline Expenditure Projections ? Pharmaceuticals: THB135.38bn (US$4.36bn) in 2012 to THB142.52bn (US$4.64bn) in 2013; +5.3% in local currency terms and +6.5% in US dollar terms. Local currency forecast ...

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