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(Medical-NewsWire.com, August 18, 2016 ) OVERVIEW OF THE PHARMACEUTICAL MARKET IN PUERTO RICO
The outcome of the upcoming elections is expected to assist in shaping the development of Puerto Rico's healthcare and pharmaceutical markets, depending on the direction of the new governor's economic policies. Nevertheless, we do not expect a return to the historically-high annual rates of pharmaceutical spending, especially as the government now covers less than 40% of theterritory'soverall healthcare spending. In the meantime, the territory will remain an important pharmaceutical and medical devices production base, although its attractiveness has been on the wane for some time now.
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Headline Expenditure Projections
Pharmaceuticals: US$2.81bn in 2011 to US$2.88bn in 2012; +2.5% in local currency terms. Forecast unchanged from Q4 12.
Healthcare: US$11.27bn in 2011 to US$11.67bn in 2012; +3.6% in local currency terms. Forecast unchanged from Q4 12.
Medical devices: US$536mn in 2011 to US$541mn in 2012; +0.9% in local currency terms. Forecast unchanged from Q4 12.
Risk/Reward Rating
Puerto Rico again remains third in our proprietary Pharmaceutical Risk/Reward Ratings (RRRs) matrix for the Americas in Q113, ranking behind the US and Canada. Its composite score is also an unchanged 65.6 out of the maximum 100, comprising evenly-balanced risk and reward components. In the medium to longer term, Puerto Rico's high matrix placement will come under increased pressure due to factors such as its small population, uneasy economic prospects and competition from emerging markets in Latin America.
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Table of Content
BMI Industry View7
SWOT8
Industry Forecast10
Pharmaceutical Market Forecast10
Table: Pharmaceutical Sales, Historical Data And Forecasts (Puerto Rico 2010-2018)11
Healthcare Market Forecast12
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Puerto Rico 2010-2018)14
Prescription Drug Market Forecast14
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Puerto Rico 2010-2018)16
Patented Drug Market Forecast16
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Puerto Rico 2010-2018)18
Generic Drug Market Forecast18
Table: Generics Drug Market Indicators, Historical Data And Forecasts (Puerto Rico 2010-2018)20
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