Momentum has been building behind German Chancellor Angela Merkel's Christian Democrats(CDU), which are set to win a plurality of seats at the federal election on September 24 2017. With regardsto the pharmaceutical sector, while our core view is for another term for Merkel, regardless of who wins theelection, the German government will remain focused on controlling pharmaceutical expenditure.
Headline Expenditure Projections
Pharmaceuticals: EUR55.84bn (USD61.78bn) in 2016 to EUR56.83bn (USD62.51bn) in 2017; +1.8%in local currency terms and +1.2% in US dollar terms.
Healthcare: EUR349.45bn (USD386.63bn) in 2016 to EUR360.26bn (USD396.29bn) in 2017; +3.1% inlocal currency terms and +2.5% in US dollar terms.
In September, the German capital of Berlin will host a conference on adolescent medicine and childpsychology, in recognition of the importance of the connection between the two.