Summary
Espicom's highly regarded world pharmaceutical market reports have been redesigned to provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the pharmaceutical market in context. The reports provide:
Five-year projections for economic, demographic, health expenditure, health workforce and pharmaceutical market indicators.
Specialised intelligence on OTCs, generics, biologics and biosimilars.
Exclusive economic and demographic data from the Economist Intelligence Unit (EIU) for each market in the series.
A separate statistical health file, comprising health expenditure, health infrastructure, health services and health personnel.
The reports are updated quarterly, providing you with the latest information for a full year. In addition, the service will keep you up to date with market and industry news on a regular basis.
Description
THE PHARMACEUTICAL MARKET: MEXICO - REVIEW
Increasing challenges exist for the healthcare sector due to changing demographics and an evolving epidemiological profile, with an increasing incidence of obesity-related diseases, including hypertension, diabetes and heart disease. In terms of health coverage, the government aims to cover 102.0 million people in 2011, with an increasing amount of insurance being provided by Seguro Popular; Seguro Popular is expected to cover 50.0 million in 2011. Slow economic growth is affecting the resources allocated to health expenditure, with large differences found between states. The Ministry of Health aims to increase health expenditure as percentage of GDP to 7.0% in the short term; Espicom believes that this is an ambitious target, considering current macroeconomic conditions. Public health expenditure is estimated to represent 50.3% of the total in 2011.
The pharmaceutical market in Mexico remains the second most attractive in Latin America. The Economist Intelligence Unit (EIU) projects a weak exchange rate for the Mexican peso in the forecast period, which will affect the value of the Mexican pharmaceutical market in US dollar terms. The CAGR will be moderate between 2011 and 2016. Some of the factors that will contain the market include: tighter out-of-pocket pharmaceutical expenditure due to tough economic conditions; a number of key pharmaceutical and biologic drugs losing their patents in the next few years; intensifying competition from foreign (generic) producers, which no longer need to manufacture locally; an infant bioequivalent generic sector which is expected to shoot up in the forecast period; and price negotiations in the increasingly large public sector.
Generic sales in Mexico are still negligible in the private pharmacy sector. However, the National Association of Interchangeable Generic Medicines (AMEGI) believes that consumption of generic medicines in the private pharmacy sector will increase considerably in the forecast period. A number of patents for bestselling drugs will expire in the coming years, and this will accelerate generic market growth. Generic sales are high, when considering sales in the public sector. The public sector is accountable for about 80.0% of generic sales by value, whilst the private pharmacy sector represents the remaining 20.0%; generic sales represented 3.5% of pharmacy sales. In terms of competition, a number of foreign producers, i.e. Sanofi and Valeant, have acquired a couple of local producers, whilst others have formed partnerships with local producers.
ENHANCED STRATEGIC INTELLIGENCE
Espicom's highly regarded world pharmaceutical market reports have been redesigned to provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the pharmaceutical market in context. The reports provide:
Five-year projections for economic, demographic, health expenditure, health workforce and pharmaceutical market indicators.
Specialised intelligence on OTCs, generics, biologics and biosimilars.
Exclusive economic and demographic data from the Economist Intelligence Unit (EIU) for each market in the series.
A separate statistical health file, comprising health expenditure, health infrastructure, health services and health personnel.
The reports are updated quarterly, providing you with the latest information for a full year. In addition, the service will keep you up to date with market and industry news on a regular basis.
HEALTHCARE STATISTICS
A comprehensive tabula review, comprising demographics, epidemiology, health expenditure, hospital and primary care infrastructure & services and healthcare personnel, is additionally included.
The Pharmaceutical Market: Mexico published by Espicom Business Intelligence in January 31, 2013. This report consists of 165 Pages and the price starts from US $ 1295.
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