Cuba Pharmaceuticals & Healthcare Q4 2019
Demographic trends will play a positive and negative role in shaping the Cuban pharmaceutical market over the longterm. An ageing population as well as free access to health services and medicine will translate into commercial opportunities forinnovative drugmakers. However, emigration and a shrinking working age population will place pressure on fiscal revenues,increasing the likelihood of the government scaling back spending on pharmaceuticals. Furthermore, stringent US sanctions, adominant domestic pharmaceutical industry and the anticipated unification of Cuba’s dual-currency combine to make Cuba one ofthe most challenging markets globally for multinationals.
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