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Estonia Pharmaceuticals and Healthcare Report Q4 2017

BMI View:

We forecast continued robust growth in medicine sales over the short term, while in the longerterm we anticipate that greater pricing controls will be enforced to reduce this high-sales growth. This is nline with two key trends in the Central Europe and Baltics region: the expansion of medicine reimbursementand greater emphasis on spending efficiency.

Headline Expenditure Projections

Pharmaceuticals: Pharmaceutical spending will rise from EUR331mn (USD366mn) in 2016 toEUR361mn (USD397mn) in 2017, up 9.1% in local currency terms and up 8.5% in US dollar terms.

Forecast increased from last quarter.

Healthcare: Spending will rise from EUR1.38bn (USD1.53bn) in 2016 to EUR1.45bn (USD1.60bn) in2017, up 4.9% in local currency terms, but down 4.3% in US dollar terms. Forecast increased from lastquarter.

Latest Updates

According to the Estonian Agency of Medicines, in Q1 2017 the medicinal products market increased3.4%, reaching EUR75.6mn (USD89mn). Prescription sales accounted for 85% of the total.


BMI Industry View
Table: Headline Pharmaceuticals & Healthcare Forecasts (Estonia 2015-2021)
SWOT
Industry Forecast
Pharmaceutical Market Forecast
Table: Pharmaceutical Sales, Historical Data And Forecasts (Estonia 2013-2021)
Healthcare Market Forecast
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Estonia 2013-2021)
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Estonia 2013-2021)
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Estonia 2013-2021)
Prescription Drug Market Forecast
Table: Leading Anatomical Therapeutic Chemical (ATC) Groups By Pharmaceutical Sales, 2008-2014 (%)
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Estonia 2013-2021)
Patented Drug Market Forecast
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Estonia 2013-2021)
Generic Drug Market Forecast
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Estonia 2013-2021)
OTC Medicine Market Forecast
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Estonia 2013-2021)
Pharmaceutical Trade Forecast
Table: Pharmaceutical Trade Data And Forecasts (Estonia 2015-2021)
Table: Pharmaceutical Trade Data And Forecasts Local Currency (Estonia 2015-2021)
Pharmaceuticals Risk/Reward Index
Central And Eastern Europe Pharmaceuticals: A Mixture Of Opportunities
Regulatory Review
Intellectual Property Issues
Pricing Regime
Reimbursement Regime
Table: Key Health Insurance Indicators, 2012-2016
Table: Expenditure By Reimbursed Prescription Medicinal Products, 2010-2015 (EUR '000)
Market Overview
Healthcare Sector
Table: Healthcare Resources (Estonia 2011-2016)
Table: Healthcare Personnel (Estonia 2011-2016)
Table: Healthcare Activity (Estonia 2011-2016)
Table: HIF Healthcare Expenditure, 2010-2015 (EURmn)
Table: Reimbursement Spending By Key Therapeutic Area, 2014-2015 (EURmn)
Table: Medicinal Products Reimbursed For Insured Patients, 2014-2015 (EURmn)
Research And Development
Table: Members Of EBio, 2011
Clinical Trials
Table: Leading Causes Of Death, 2005-2010
Competitive Landscape
Research-Based Industry
Table: Members Of The Association Of International Pharmaceutical Manufacturers In Estonia
Table: Table: Multinational Market Activity
Generic Drugmakers
Pharmaceutical Distribution
Pharmaceutical Retail Sector
Table: Pharmacies And Pharmacy Market Ratios (2010-2015)
Company Profile
Grindeks
Demographic Forecast
Table: Population Headline Indicators (Estonia 1990-2025)
Table: Key Population Ratios (Estonia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Estonia 1990-2025)
Table: Population By Age Group (Estonia 1990-2025)
Table: Population By Age Group % (Estonia 1990-2025)
Glossary
Methodology
Pharmaceutical Expenditure Forecast Model
Healthcare Expenditure Forecast Model
Notes On Methodology
Risk/Reward Index Methodology
Table: Indicators - Rationale And Sources

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