Fast Market Research

Recent Study: Puerto Rico Pharmaceuticals & Healthcare Report Q3 2014

Fast Market Research recommends "Puerto Rico Pharmaceuticals & Healthcare Report Q3 2014" from Business Monitor International, now available

 
Repost This

Boston, MA -- (SBWIRE) -- 05/30/2014 -- BMI View: The pharmaceutical manufacturing industry will continue to be an economic mainstay for Puerto Rico. However, the country is gradually losing attractiveness as a global pharmaceutical production hu b, despite the diversification to the generic and biologic drug production.

Headline Expenditure Projections

- Pharmaceuticals: USD3.02bn in 2013 to USD3.02bn in 2014; +0.2% in local currency terms. Forecast is below the previous quarter's projection due to new historical numbers.
- Healthcare: USD7.76bn in 2013 to USD8.02bn in 2014; +3.4% in local currency terms. Forecast below Q214 due to less promising macroeconomic outlook.

Risk/Reward Rating: Due to its modest size and worsening longer-term outlook, Puerto Rico slipped from the third place in our RRRs for the Americas region down to the fifth after the US, Canada, Brazil and Mexico in Q314. Globally, Puerto Rico ranks highly in terms of its business environment, largely due to its sophisticated IP laws and political stability, although its uncompetitive labour force has increasingly come under scrutiny.

View Full Report Details and Table of Contents

Key Trends and Developments

- In February 2014, Puerto Rico's Senate plans its investigation of the sudden rise in the cost of generic drugs in the country.
- In January 2014, Mexican drugmaker Neolpharma established a new Development and Innovation Center (CEDIPROF) for new pharmaceutical products in Puerto Rico.

BMI Economic View: The Puerto Rican government's recent oversubscribed USD3.5bn debt issuance significantly lowered the risk of a technical default, which had grown in recent months. We now believe that debt restructuring is unlikely before the end of fiscal year 2015 given the recent boost in liquidity. However, beyond that timeframe, unfavourable population and labour market dynamics, which weigh on fiscal revenue growth, still leave Puerto Rico's debt obligations at high risk of restructuring.

BMI Political View: We see rising scope for social and political tensions to increase in...

The Puerto Rico 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 Puerto Rico Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Puerto Rican pharmaceutical and healthcare industry.

Key Benefits

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

About Fast Market Research
Fast Market Research is a leading 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 is always available to 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:

- Puerto Rico Pharmaceuticals & Healthcare Report Q2 2014
- Thailand Pharmaceuticals & Healthcare Report Q3 2014
- Nigeria Pharmaceuticals & Healthcare Report Q3 2014
- Australia Pharmaceuticals & Healthcare Report Q3 2014
- Central America Pharmaceuticals & Healthcare Report Q3 2014
- Mexico Pharmaceuticals & Healthcare Report Q3 2014
- Croatia Pharmaceuticals & Healthcare Report Q3 2014
- Latvia Pharmaceuticals & Healthcare Report Q3 2014
- Algeria Pharmaceuticals & Healthcare Report Q3 2014
- Kenya Pharmaceuticals & Healthcare Report Q3 2014