"Portugal Pharmaceuticals & Healthcare Report Q3 2014" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Aug 05 2014


Faster-than-expected economic growth last quarter has led us to revise our healthcare and pharmaceutical forecasts slightly upwards. As forecast previously, BMI expects Portugal's healthcare market to return to growth in 2015, while pharmaceuticals will not return to growth until 2019. This is because while Portugal exited its bailout programme in May 2014 without the need for a new financial package, government austerity measures are likely to curb pharmaceutical reimbursement. Portuguese public hospitals are unable to reduce their deficits, constraining any rises in per capita spending. The shortage of healthcare professionals has left hospitals understaffed, as the emigration of young Portuguese is exacerbating the healthcare burden. We forecast that Portugal's healthcare market will return to growth in 2015, while pharmaceuticals will only return to growth in 2019.

Full Report Details at
- http://www.fastmr.com/prod/852071_portugal_pharmaceuticals_healthcare_report_q3.aspx?afid=304

Headline Expenditure Projections

* Pharmaceuticals: EUR3.48bn (USD4.59bn) in 2013 to EUR3.28bn (USD4.40); -5.6% in local currency and -4.2% in US dollar terms. Forecast revised upwards from Q 2 14.
* Healthcare: EUR15.10bn (USD19.93bn) in 2013 to EUR15.08bn (USD20.21bn) in 2014; -0.1% in local currency and +1.4% in US dollar terms. Forecast revised upwards from Q 2 14.

Risk/Rewards Rating

In Q314, Portugal sits at the bottom of our Pharmaceutical Risk/Reward Rating (RRR) for Western Europe, with a score of 57.7 out of 100. Portugal posts below regional average scores for all indicators.

Key Trends & Developments

* According to the IMF fiscal monitor, Portugal has contained wage increases in the healthcare industry as part of containing overall costs. The country now faces a shortage of nurses and doctors. In May 2014, the Portuguese Nurses Union (SEP) warned that certain basic emergency services in the Algarve are at crisis point due to a lack of human resources.
* In its 2014 budget, the government announced an exemption from the real estate tax for hospitals and health...

The Portugal Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'s forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's Portugal Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Portuguese pharmaceutical and healthcare industry.

Key Benefits

* Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for Portugal to test other views - a key input for successful budgeting and strategic business planning in the Portuguese pharmaceutical and healthcare market.

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