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Panama Pharmaceuticals and Healthcare Report Q4 2017

Panama Pharmaceuticals and Healthcare Report Q4 2017

BMI View:

On a cyclical basis, Panama's robust economic growth poses upside risk to pharmaceuticalsand healthcare sector growth over a multi-quarter horizon. Despite a small population size by regionalstandards, Panama will continue to create commercial opportunities for foreign drugmakers given risingdemand for chronic disease treatment and the limited local drug manufacturing capacity. However, genericmedicine usage will remain relatively high despite high spending per capita on medicine, while recurrentdrug shortages and public procurement inefficiencies will continue to hinder the health sector.

Headline Expenditure Projections

Pharmaceuticals: USD706mn in 2016 to USD747mn in 2017; +5.9% in US dollar terms. Forecast inline with the last quarter.

Healthcare: USD4.42bn in 2016 to USD4.82bn in 2017; +9.0% in US dollar terms. Forecast in line withthe last quarter.

Latest Updates

In September 2017, the Office of the Comptroller General of the Republic authorised the purchase ofmore than USD20mn in medicines for patients with chronic diseases that are treated under the CSSSocial Security Fund, amid a crisis of drug shortages in the institution.

BMI Industry View
Table: Headline Pharmaceuticals & Healthcare Forecasts (Panama 2015-2021)
Industry Forecast
Pharmaceutical Market Forecast
Table: Pharmaceutical Sales, Historical Data And Forecasts (Panama 2013-2021)
Healthcare Market Forecast
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Panama 2013-2021)
Industry Risk/Reward Index
Americas Pharmaceuticals: Attractiveness To Drugmakers Masks Disparities Between Markets
Regulatory Review
Market Overview
Healthcare Sector
Clinical Trials
Competitive Landscape
Demographic Forecast
Panama Demographic Outlook
Table: Population Headline Indicators (Panama 1990-2025)
Table: Key Population Ratios (Panama 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Panama 1990-2025)
Table: Population By Age Group (Panama 1990-2025)
Table: Population By Age Group % (Panama 1990-2025)
Pharmaceutical Expenditure Forecast Model
Healthcare Expenditure Forecast Model
Notes On Methodology
Risk/Reward Index Methodology
Table: Indicators - Rationale And Sources

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