Navigation Links
Reportlinker Adds The Outlook for Pharmaceuticals in Western Europe
Date:12/29/2010

NEW YORK, Dec. 29, 2010 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

The Outlook for Pharmaceuticals in Western Europe

http://www.reportlinker.com/p0203107/The-Outlook-for-Pharmaceuticals-in-Western-Europe.html

The countries of Western Europe represent a total market of over 365 million people and a combined GDP of US$14.4 trillion in 2007.

The 11 main Western European markets for pharmaceuticals are wealthy and mature. Is there any point in manufacturers trying to break into markets they are not already servicing, and, if yes, where? If they are already operating in the region, what are the prospects for growth and what operating environment will they face in the future?

Valuable markets...

News stories chronicle the pressures and problems facing governments trying to expand or maintain health provision in a cost-constrained world. But one fact remains. The countries covered by this report represent a total pharmaceutical market value of US$206.2 billion. We forecast this figure will grow by US$38.4 billion over the next five years to US$244.6 billion.

...with cost pressures

All health funders are experiencing difficulties in meeting the demands on modern health systems. Pressures arise from many quarters including:

The cost of current branded medicines which is leading to accelerated growth in generic usage in key markets such as Spain and France

The often high cost of new therapies which provide marginal therapeutic benefit

An ageing population needing longer and more intensive medical treatments

Unplanned population increase due to immigration and an influx of migrant workers

These reports analyse the issues

The Outlook for Pharmaceutical Markets in Western Europe to 2012 is a unique collection of management reports from Espicom Business Intelligence. Each report provides individual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access. The reports are available individually, or as a discounted collection.

Market growth in the mature markets of Western Europe is assured over the coming years by the health needs of ageing populations, and will be driven by investment in innovative medicines, particularly in the hospital market.

Growth in the mature pharmaceutical markets of Western Europe will be tempered somewhat by the effects of the global economic recession in the short term, but nevertheless the leading markets are projected to average CAGR of 4.6% to 2014.

What factors are affecting pharmaceutical market growth?

Demand for pharmaceutical products is set to increase over the coming years, in order to fulfill the health needs of ageing populations. Meanwhile, the trend towards generics is set to continue, with several major patent expiries coming up, and with more governments introducing or expanding generic substitution as a cost-containment measure. Tightening healthcare budgets will also lead to further price controls, and as a result pharmaceutical companies will need to price their products carefully, particularly as reference pricing is used across Western Europe.

The hospital market is expected to be the main driver of growth in Western European markets, with increasing investment in expensive, innovative products to treat chronic diseases, such as cancer. The investment from hospitals into new drugs will offset the falling prices of mature drugs which are soon to go off patent. There are opportunities to further explore biotechnology advances and reformulations, which will drive the market forward in the long term.

These reports analyse the issues

The Outlook for Pharmaceutical Markets in Western Europe is a unique collection of management reports from Espicom Business Intelligence. Each report provides individual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access. The reports are available individually, or as a discounted collection, and prices include 4 completely updated reports sent quarterly, together with a comprehensive statistical appendix. There are over 60 markets covered in the worldwide series.

11 Key Markets Covered!

Austria Belgium France Germany

Ireland Italy Netherlands Portugal

Spain Switzerland United Kingdom

Highlights from the region

GERMANY

Germany represents the largest pharmaceutical market in Europe. Pharmaceutical expenditure is largely funded through the GKV. Germany has been grappling with ways to rein in its healthcare expenditure since the 1990s. In the pharmaceutical field this is ongoing and has taken various forms: stricter reimbursement criteria, reference pricing and negotiation of discount contracts with generic manufacturers. The net effect of all this is a reduction in GKV prices. The German pharmaceutical manufacturing sector has lost ground in the face of US competition, but retains a handful of major multinational companies, headed by Bayer Schering, Boehringer Ingelheim and Merck Serono. Sanofi-Aventis, though based in France, retains significant capacity in Germany.

FRANCE

Overall pharmaceutical market growth has been comparatively low at around 5.0% per annum and is expected to average 2.7% in the medium term with government cost-containment programmes exerting downward pressure on reimbursable products. The hospital market has been much more dynamic with growth rates twice this figure in recent years, although growth rates are now falling due to greater regulatory controls in this sector and fewer innovative drugs coming to market. The underdeveloped generics market is undergoing rapid expansion boosted by government incentives and the loss of patent protection for several high-volume products. The stagnating OTC market has also started to expand as a result of government moves to end reimbursement for a wide range of products assigned a low medical value rating.

UNITED KINGDOM

The UK is one of the largest pharmaceutical markets in the world. Between 2004 and 2008, the number of prescriptions written in the UK increased by 22.1% to an estimated 1,025.7 million, while the value of prescriptions increased by 3.4% in the same period to £10.3 billion (US$19.0 billion). The leading therapeutic areas in 2008 were the cardiovascular system, in terms of the number of prescriptions written, and the central nervous system, in terms of value. The UK is one of the leading pharmaceutical producers and exporters. The UK is home to two of the sector's largest companies; GlaxoSmithKline and AstraZeneca. Behind these, there are a large number of smaller companies specialising in R&D and biotech products.

ITALY

Being initially based on the NHS-model of the UK, the Italian health service is also facing similar scenarios, most notably efforts to restrain rising costs. Cost containment measures are restricting growth in the pharmaceutical market, particularly the retail pharmacy market. The self-medication market continues to stagnate despite the liberalisation of the pharmacy sector, which has enabled non-prescription medicines to be sold outside pharmacies. The generics market is set to undergo a major expansion following the expiry of patents on several high volume products in 2007 and 2008. Italy has a well established pharmaceutical manufacturing industry.

AUSTRIA

Austria has a stable, mature economy but will nevertheless be affected by the global economic downturn. Healthcare expenditure has continued its steady growth in recent years. The pharmaceutical market is expected to grow by a CAGR of 7.5% between 2009 and 2014. Cardiovascular drugs are market leaders both in terms of value and volume. The share of generics in the pharmaceutical market is low, but it is rising. The main challenge facing the Austrian pharmaceutical system is rising costs. The main reason for this is an ageing population and the uptake of new, more expensive pharmaceuticals.

To order this report:Pharmaceutical Industry: The Outlook for Pharmaceuticals in Western Europe

Pharmaceutical Business News

More  Market Research Report

Check our  Company Profile, SWOT and Revenue Analysis!Nicolas BombourgReportlinkerEmail: nbo@reportlinker.comUS: (805)652-2626Intl: +1 805-652-2626
'/>"/>

SOURCE Reportlinker
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Reportlinker Adds Mammography World Markets
2. Reportlinker Adds Molecular Diagnostics in Cancer Testing
3. Reportlinker Adds The Market for Pharmaceuticals in Brazil, Russia, India & China
4. Reportlinker Adds Over-the-Counter Diagnostic Products World Markets
5. Reportlinker Adds U.S. Preclinical Animal Imaging Systems Market
6. Reportlinker Adds Thai Self-monitoring of Blood Glucose (SMBG) Devices and Strips Market
7. Reportlinker Adds Remote Patient Monitoring Technologies--A Strategic Assessment
8. Reportlinker Adds Market Opportunities for Supergenerics
9. Reportlinker Adds Cyclohexane: 2010 World Market Outlook And Forecast
10. Reportlinker Adds Asia-Pacific Markets for Cardiac Rhythm Management, Electrophysiology & Ablation Devices 2011
11. Reportlinker Adds 2010 Pharmaceuticals Research Review
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)...  Misonix, Inc. (NASDAQ: MSON ), an ... markets innovative therapeutic ultrasonic products for spine surgery, ... surgery and other surgical applications, today announced financial ... half of fiscal year 2016 ended December 31, ... --> Highlights for the second quarter and ...
(Date:2/9/2016)... YORK, Pa., Feb. 9, 2016  Unilife Corporation ("Unilife" or "Company") ... of injectable drug delivery systems, today announced its financial results for ... 2015). ... Revenue for the ... million in the same period last year.  Cash receipts from customers ...
(Date:2/9/2016)... Feb. 9, 2016  Jazz Pharmaceuticals plc (Nasdaq: ... 2015 fourth quarter and full year financial results on ... financial markets.  Company management will host a live audio ... p.m. GMT to discuss fourth quarter and full year ... update and guidance for 2016 financial results. ...
Breaking Medicine Technology:
(Date:2/9/2016)... ... February 09, 2016 , ... METTLER ... ensure lab personnel have a basic understanding of the techniques they use so ... understanding will help them reduce waste and rework to create a leaner overall ...
(Date:2/9/2016)... Santa Rosa, California (PRWEB) , ... February 09, 2016 , ... ... been rated one of the highest preliminary data vendors in the latest KLAS report, ... 15 years, i2i has led the developing market for population health management (PHM). ...
(Date:2/8/2016)... Bethlehem, PA (PRWEB) , ... February 08, 2016 ... ... announce expanded authorization with BASF Human Nutrition into the Food & Beverage ... BSI has been BASF’s channel partner throughout Canada and USA geographies east ...
(Date:2/8/2016)... ... February 08, 2016 , ... ... packer for pouches, bags, and flow wrapped products at WestPack 2015, February 9-11, ... product manufacturers step up to semi-automatic or fully-automatic case packing with a small ...
(Date:2/8/2016)... Venice, FL (PRWEB) , ... February 08, 2016 ... ... their new community enrichment program serving the greater Venice, FL area, has initiated ... died tragically in a car accident just four days after Christmas. To support ...
Breaking Medicine News(10 mins):