Kuwait Pharmaceuticals and Healthcare Report Q4 2009
Business Monitor International, September 2009, Pages: 49
The Kuwait Pharmaceuticals and Healthcare Report provides industry professionals and strategists, corporate analysts, pharmaceutical associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kuwait's pharmaceuticals and healthcare industry
We expect Kuwait’s total drug market to increase in value from US$377mn in 2008 to US$484mn by 2013, representing a CAGR of 5.15% in US dollar terms. Per-capita spending on pharmaceuticals will reach US$142 by this point, which is still comparatively low for the Middle East region. Total healthcare spending will rise from US$3.94bn in 2008 to US$4.38bn by 2013, growing at a compound annual growth (CAGR) rate of 2.14% in US dollar terms.
Kuwait, like some of its Gulf Co-operation Council (GCC) neighbours, is suffering from a shortage of well-trained and qualified nurses. With no major state-run training programmes for women who may want to enter nursing, the country is now almost entirely reliant on expatriate nursing staff. Dependence on foreign workers means the government must now implement urgent education programmes for its own people to become qualified.
This would greatly reduce healthcare spending in the long run, while also boosting the domestic economy through higher employment levels. The Royal College of Surgeons in Ireland provides international training schools for nursing. It provides medical expertise to Kuwait, Saudi Arabia, the UAE, Bahrain and Jordan. In Bahrain, it has been running courses training local students to internationally accredited standards. We believe that it will need to mirror this involvement in Kuwait in conjunction with the Ministry of Health to attract more students.
In a seemingly converse move, the Ministry of Health is trying to improve the retention rate of foreign trained doctors working in the country. Expatriate staff face high living costs, which the Kuwaiti government is planning to reduce by allowing workers’ children the right to attend state schools. We believe that like the above nursing issues, the government should be working toward improving training for its own students. Earlier in 2009 it was revealed that some Kuwaiti students had obtained overseas degrees in medicine from Asian institutions, without attending a single lecture.
The regulations governing how such students could qualify in professions (not just medicine) which could lead to them harming to other people (intentionally or otherwise) are yet to be revised to restrict foreign degrees. We believe that retaining qualified staff from abroad is a temporary solution. In the long run, the government should be seeking to improve its staff composition and the infrastructure under which they work.
EXECUTIVE SUMMARY
SWOT ANALYSIS
Kuwait Pharmaceuticals And Healthcare Industry SWOT
Kuwait Political SWOT
Kuwait Economic SWOT
Kuwait Business Environment SWOT
PHARMACEUTICAL BUSINESS ENVIRONMENT RATINGS
Table: Regional Business Environment Ratings, Q409
Limits Of Potential Returns
Risks To Realisation Of Returns
KUWAIT – MARKET SUMMARY
REGULATORY REGIME
Foreign Direct Investment Regulations
Intellectual Property Regime
IP Shortcomings
Pricing And Reimbursement Regime
Public Procurement Of Medicines
Regional Harmonisation
Free Trade Agreements
INDUSTRY DEVELOPMENTS
Epidemiology
Healthcare Sector
Primary Care
Secondary Care
Recent Public Health Developments
Healthcare Insurance
Healthcare Reforms
Regional Developments
International Collaboration
Pharmaceutical Sector
Research And Development
Biotechnology Sector
Medical Devices
Table: Diverse Potential For Product Launches: New Products For 2009
INDUSTRY FORECAST SCENARIO
Overall Market Forecasts
Table: Kuwait – Drug Expenditure Indicators, 2003-2013
Key Growth Factors – Industry
Table: Kuwait – Health Expenditure Indicators
Key Growth Factors – Macroeconomic
Table: Kuwait - Economic Activity, 2006-2013
Prescription Drug Market Forecast
Table: Kuwait – Prescription Market Indicators, Historical Data And Forecasts (KWDmn unless otherwise stated)
Patented Product Market Forecast
Table: Kuwait – Patented Market Indicators
Generic Drug Market Forecast
Table: Kuwait – Generics Market Indicators, Historical Data And Forecasts
OTC Drug Market Forecast
Table: Kuwait – OTC Market Indicators, Historical Data And Forecasts (KWDmn unless otherwise stated)
Export/Import Drug Market Forecasts
Table: Kuwait – Pharmaceutical Trade Indicators, Historical Data And Forecasts (US$mn unless otherwise stated)
Medical Device Market Forecast
Table: Kuwait’s Medical Devices Market, 2003-2013
Other Healthcare Data
Table: Kuwait – Other Healthcare Indicators, Historical Data And Forecasts, 2003-2013
Key Risks To BMI Forecasts
COMPETITIVE LANDSCAPE
COMPANY PROFILES
Multinationals
Novartis
Sanofi-Aventis
Pfizer
GlaxoSmithKline
Merck & Co
Johnson & Johnson
Local Companies
Advanced Technology Company
Bader Sultan & Bros
Safwan Trading And Contracting Company
COUNTRY SNAPSHOT: KUWAIT DEMOGRAPHIC DATA
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 1997-2006
Table: Consumer Expenditure, 2000-2012
BMI METHODOLOGY
How We Generate Our Pharmaceutical Industry Forecasts
Pharmaceutical Business Environment Ratings Methodology
Ratings Overview
Table: Pharmaceutical Business Environment Indicators
Weighting
Table: Weighting Of Components
Sources
- Novartis
- Sanofi-Aventis
- Pfizer
- GlaxoSmithKline
- Merck & Co
- Johnson & Johnson
- Local Companies
- Advanced Technology Company
- Bader Sultan & Bros
- Safwan Trading And Contracting Company
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