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Kuwait Pharmaceuticals and Healthcare Report Q3 2015

111 Pages BMI Research July 22, 2015 SKU: BMI5640520

Kuwait Pharmaceuticals and Healthcare Report Q3 2015

BMI View: While the losses incurred by Yiaco, the largest drug distributor in Kuwait, highlight adeteriorated near-term operating environment, with markedly lower prices as a result of the ongoing GulfCooperation Council (GCC) medicine price unification process, drugmakers will continue to perceive highlong-run returns. Exhibiting a high and very costly burden of diabetes and cardiovascular conditions,Kuwait's aging population will continue to receive rising access to quality health services as compulsoryhealth insurance schemes are rolled out to a growing segment of the population.

Headline Expenditure Projections

Pharmaceuticals: From KWD287mn (USD1.01bn) in 2014 to KWD300mn (USD1.01bn) in 2015;+4.7% in local currency terms and +0.6% in US dollar terms. Forecast revised downwards from Q215.

Healthcare: From KWD1.56bn (USD5.49bn) in 2014 to KWD1.67bn (USD5.64bn) in 2015; +6.9% inlocal currency terms and +2.7% in US dollar terms. Forecast revised downwards from Q215.

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Kuwait Pharmaceuticals and Healthcare Report Q3 2015

BMI Research
July 22, 2015

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