Fast Market Research

New Market Report: Germany Pharmaceuticals & Healthcare Report Q1 2014

Fast Market Research recommends "Germany Pharmaceuticals & Healthcare Report Q1 2014" from Business Monitor International, now available

 
Repost This

Boston, MA -- (SBWIRE) -- 12/24/2013 -- Since the adoption of the Arzneimittelmarkt-Neuordnungsgesetz (AMNOG) bill in 2011, Germany's health technology assessment and reimbursement decision-making bodies have taken an increasingly hard line when determining whether a new drug provides added value to patients in comparison with existing therapies. The result is that companies have to accept a non-negotiable reference price for their products or not to market their drug in Germany at all. Either option significantly restricts pharmaceutical companies' revenue streams and threatens returns on innovation.
Headline Expenditure Projections

- Pharmaceuticals: EUR39.84bn (US$50.60bn) in 2012 to EUR40.02bn (US$53.22bn) in 2013; 0.4% in local currency terms and 5.2% in US dollar terms.
- Healthcare: EUR290.83bn (US$369.35bn) in 2012 to EUR296.31bn (US$394.09n) in 2013; +1.9% in local currency terms and +6.7% in US dollar terms.

Risk/Reward Rating: In BMI's Q114 Pharmaceutical Risk/Reward Ratings, Germany is ranked the most attractive pharmaceutical market in the Western European region, which covers 14 key markets.

View Full Report Details and Table of Contents

Key Trends And Developments

- In October 2013, an agreement for a revised mutually acceptable reimbursement price for Sativex (tetrahydrocannabinol+cannabidiol) was reached between Almirall, GW Pharmaceuticals' commercial partner in Germany, and the German National Association of Statutory Health Insurance Funds (GKV-SV). This new agreement has resulted in an increase to the previously reduced price imposed by the German authorities in March, which Almirall considered unacceptable.
- On August 6, Bayer HealthCare announced that the US Food and Drug Administration's (FDA's) Cardiovascular and Renal Drugs Advisory Committee unanimously recommended approval of the oral soluble guanylate cyclase (sGC) stimulator, riociguat, for two forms of pulmonary hypertension. Riociguat addresses a high unmet medical need and is the first drug to demonstrate efficacy in two forms of pulmonary hypertension, one of which has no drug treatment approved to date, according to Dr Kemal Malik of the Bayer Healthcare Executive Committee and Head Of Global Development. In February 2013, Bayer submitted a new drug application for riociguat indicated to improve exercise capacity.

BMI Economic View: The risks to our short-term growth forecasts lie primarily to the downside, given the array of challenges facing the eurozone. The main threat, in our view, is one of confidence, as further flare up in sovereign/banking sector crises in periphery states could prompt another collapse in investment, damaging consumer confidence in the process. There is also a threat of German authorities clamping down on rising house prices for fear of a speculative bubble (the Bundesbank has outlined its concerns over excessive mortgage growth in recent months), which would also act to dampen consumer confidence.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Healthcare research reports at Fast Market Research

You may also be interested in these related reports:

- Sweden Pharmaceuticals & Healthcare Report Q1 2014
- Bulgaria Pharmaceuticals & Healthcare Report Q1 2014
- Nigeria Pharmaceuticals & Healthcare Report Q1 2014
- Romania Pharmaceuticals & Healthcare Report Q1 2014
- Oman Pharmaceuticals & Healthcare Report Q1 2014
- Uzbekistan Pharmaceuticals & Healthcare Report Q1 2014
- Slovenia Pharmaceuticals & Healthcare Report Q1 2014
- Croatia Pharmaceuticals & Healthcare Report Q1 2014
- Latvia Pharmaceuticals & Healthcare Report Q1 2014
- Netherlands Pharmaceuticals & Healthcare Report Q1 2014