New Healthcare market report from Business Monitor International: "Lebanon Pharmaceuticals & Healthcare Report Q3 2012"
Boston, MA -- (SBWIRE) -- 09/05/2012 -- BMI View: We believe Lebanon's inclusion on the Pharmaceutical Research and Manufacturers of America (PhRMA)'s priority watch list is an overreaction to a small number of relatively minor issues, two of which were partly resolved just before the publication of the Special 301 report submission. Overall, we maintain a cautiously optimistic outlook towards the country's business environment and expect foreign direct investment to continue to flow into Lebanon, although spill-over from the Syrian conflict poses a risk to our current outlook for the country.
Headline Expenditure Projections
- Pharmaceuticals: LBP1,807bn (US$1.20bn) in 2011 to LBP1,926bn (US$1.28bn) in 2012; +6.6% in local currency terms and +6.5% in US dollar terms. Forecast slightly lower from Q212 due to macroeconomic factors.
- Healthcare: LBP4,423bn (US$2.94bn) in 2011 to LBP4,741bn (US$3.14bn) in 2012; +7.2% in local currency terms and +7.1% in US dollar terms. Forecast significantly lower from Q212 due to macroeconomic factors and the use of new historical data.
- Medical Devices: LBP408.07bn (US$271mn) in 2011 to LBP451.44bn (US$299mn) in 2012; +10.6% in local currency terms and +10.5% in US dollar terms. Forecast slightly lower from Q212 due to macroeconomic factors.
View Full Report Details and Table of Contents
Risk/Reward Rating: Lebanon again ranks eighth out of the 30 markets surveyed in the Middle East and Africa (MEA) region's Q312 Risk Reward Rating (RRRs) matrix. Its composite score is again unchanged since the previous quarter, with the country receiving 52.3 out of the maximum 100 points. Generally speaking, Lebanon's rewards and risks profiles are illustrative of the emerging nature of the country's pharmaceutical market, although both scores are superior to the regional averages.
Key Trends & Developments
- In March 2012, the Investment Development Authority of Lebanon (IDAL) announced a large tranche of incentives to local drugmaker Algorithm SAL for its planned new pharmaceutical factory. This is the first time Lebanon has offered incentives and, combined with the regulatory improvements the country has been making in recent years, this seems to BMI to be further evidence that the business environment is rapidly becoming very attractive for investment. The incentives are part of a Package Deal Contract (PDC), an IDAL programme through which investment projects are granted a package of incentives, exemptions and reductions.
- As of April 2012, all doctors and pharmacists are to be mandated to use standardised prescription form. The development is expected to improve access to legitimate pharmaceuticals, reduce misuse and encourage better monitoring of consumption. Previously, patients could buy most drugs without a prescription through home delivery services, which has also been a boon for counterfeiters.
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:
- Egypt Pharmaceuticals & Healthcare Report Q3 2012
- Taiwan Pharmaceuticals & Healthcare Report Q3 2012
- Romania Pharmaceuticals & Healthcare Report Q3 2012
- Cipher Pharmaceuticals Inc. (DND) - Pharmaceuticals & Healthcare - Deals and Alliances Profile
- Turkey Pharmaceuticals & Healthcare Report Q3 2012
- Zimbabwe Pharmaceuticals & Healthcare Report Q3 2012
- Oman Pharmaceuticals & Healthcare Report Q3 2012
- Nigeria Pharmaceuticals & Healthcare Report Q3 2012
- Canada Pharmaceuticals & Healthcare Report Q3 2012
- Peru Pharmaceuticals & Healthcare Report Q3 2012
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)