Research and Markets, the largest resource for market research information in world providing essential market research reports, industry research, industry analysis, forecasts, market studies, company profiles and country reports.
Welcome - Home - Register - Login - Help/FAQ - 0 items View Basket
Worlds Largest Market Research Resource - 717447 Live Reports
Search Research and Markets
  Search
Enter keywords, a title or
a report id number below.





Advanced   
Company search
Register for free email updates of market research
Currency
  Select a currency for use throughout the site



Viewing report

Order by Fax
Printer Friendly
PDF Brochure
Send to Friend
Enquire before Buying
ElectronicAdd to Basket



Peru Pharmaceuticals and Healthcare Report Q1 2008
Business Monitor International, Feb 2008, Pages: 53


  Description  
  Table of Contents  
  Companies Mentioned  
    
    
   
 Enquire before Buying  
 Send to a Friend  

The Peru Pharmaceuticals and Healthcare Report provides independent forecasts and competitive intelligence on Perus pharmaceuticals and healthcare industry.

Peru’s pharmaceutical market remains small in relative terms - standing at an estimated US$666mn in 2007. Per capita drug expenditure is just US$23.1 due to a preference for cheap, non-equivalent branded generics called ‘similares’. The market is forecast to reach US$850mn by 2012, representing a CAGR of just 5%. We expect the generics market in particular to exhibit strong growth as the implementation of a free trade agreement (FTA) with the US leads to a tougher stance on similares that should push patients towards legitimate generics.

In December 2007, the Peru-US free trade agreement was finally signed by US President George Bush and Peruvian President Alan García following its ratification by the US Congress in the previous month. Although the wording of the intellectual property (IP) right provisions in the bill were watered-down under pressure from the Democrat-controlled US Congress, the agreement should still allow the vast majority of US exports duty-free access to Peru. Consequently, it is the US generics industry that has made the most positive noises concerning the bill. Overall trade between the two countries reached US$9bn in 2006.

For Q108, BMI has overhauled its Business Environment Ratings methodology. Under the new system, Peru is ranked last in the Americas regions on 39 points, just one point behind Venezuela. The small size of the drug market and unspectacular growth forecast serve to limit the potential returns. However, in terms of risk, the market is mid-ranking in the region due to an improving regulatory environment and stable political and economic environment.

The government’s 2008 budget, published in August, pledges a 28% increase in overall investment, with social services seeing steep rises. Higher tax revenues and a booming economy should allow continuing record budget surpluses. This should help García push forward increased coverage under the unified and strengthened Seguro Integral de Salud (SIS) health insurance system. The key will be ensuring those newly enrolled in the scheme can actually access health services and obtain basic medicine. Opposition parties are questioning the view that García handled the August 2007 earthquake and resulting health crisis admirably, citing HIV-infected blood transfusions and irregular health purchases that could see citizens returning to street protests.




Also available

Peru Pharmaceuticals and Healthcare Report Q2 2008

Peru Pharmaceuticals and Healthcare Report Q3 2008

Peru Pharmaceuticals and Healthcare Report Q4 2008



Customers who bought this item also bought

Peru Pharmaceuticals and Healthcare Report Q3 2007

Peru Pharmaceuticals and Healthcare Report Q3 2008

Peru Pharmaceuticals and Healthcare Report Q2 2008

The Pharmaceutical Market: Peru

Peru Pharmaceuticals and Healthcare Report Q1 2009

Peru Pharmaceuticals and Healthcare Report Q2 2009

Executive Report on Strategies in Peru

New Dynamics and Challenges in the Generics Market 2007

Mexico Pharmaceuticals and Healthcare Report Q3 2008

Peru Food and Drink Report 2007

US Pharmaceuticals and Healthcare Report Q3 2007

United States Pharmaceuticals & Healthcare Report Q1 2008



Top of page


   All rights reserved. � Copyright 2009 Research and Markets
   Terms and conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster


Research and Markets RSS Feeds