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Portugal Pharmaceuticals and Healthcare Report Q3 2014
Date:7/28/2014

NEW YORK, July 28, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Portugal Pharmaceuticals and Healthcare Report Q3 2014

http://www.reportlinker.com/p0207141/Portugal-Pharmaceuticals-and-Healthcare-Report-Q3-2014.html

Includes 3 FREE quarterly updates

BMI View:
Faster-than-expected economic growth last quarter has led us to revise our healthcare and
pharmaceutical forecasts slightly upwards. As forecast previously, BMI expects Portugal's healthcare market to return to growth in 2015, while pharmaceuticals will not return to growth until 2019. This is because while Portugal exited its bailout programme in May 2014 without the need for a new financial package, government austerity measures are likely to curb pharmaceutical reimbursement. Portuguese public hospitals are unable to reduce their deficits, constraining any rises in per capita spending. The shortage of healthcare professionals has left hospitals understaffed, as the emigration of young Portuguese is exacerbating the healthcare burden. We forecast that Portugal's healthcare market will return to growth in 2015, while pharmaceuticals will only return to growth in 2019.

Headline Expenditure Projections

- Pharmaceuticals: EUR3.48bn (USD4.59bn) in 2013 to EUR3.28bn (USD4.40); -5.6% in local currency and -4.2% in US dollar terms. Forecast revised upwards from Q214.
- Healthcare: EUR15.10bn (USD19.93bn) in 2013 to EUR15.08bn (USD20.21bn) in 2014; -0.1% in local currency and +1.4% in US dollar terms. Forecast revised upwards from Q214.
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