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Revenue Growth Optimism in Pharmaceutical Industry: 2013 Survey Reports at RnRMarketResearch.com
Date:2/19/2013

DALLAS, Feb. 19, 2013 /PRNewswire-iReach/ -- Overall, as per the global pharmaceutical industry survey on buyer spend and procurement strategies, 55% of respondents are 'more optimistic' about revenue growth for their companies in 2013, due to success in clinical trials, approval and acceptance from drug authorities, an increase in expenditure from governments and a surge in sales, all of which are projected to increase the profitability of pharmaceutical manufacturing companies in 2013. The top three key expected changes for 2013 are development of new products and services, improvement of operational efficiency and 'expansion in current markets'.

(Photo: http://photos.prnewswire.com/prnh/20130219/CG62209)

Among emerging markets, China is identified as the most important region for pharmaceutical industry growth, along with Brazil and India. Presence of huge and aging population, economic development, growing public expenditure towards healthcare, government support, increasing awareness about health and fitness in public are key drivers for the growth of the pharmaceutical market in China.

Developed pharmaceutical markets such as Singapore, Taiwan, Hong Kong, the US, and South Korea are also identified as important regions for growth in 2013. The availability of a skilled workforce and the presence of logistics support, which increases connectivity to target markets within the region, positions Singapore as a strategically impor
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