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Spain Pharmaceuticals and Healthcare Report Q4 2017

Spain Pharmaceuticals and Healthcare Report Q4 2017

BMI View:

As in other Western European countries, the growth rate of healthcare spending in Spain slowed down significantly in the years following the economic crisis, with austerity measures negatively impacting the sale of high-value medicines. We believe growth in the Spanish pharmaceutical market will be boosted by wider economic improvements in the coming years, along with a high burden of chronic diseases. Over the long-term however, we believe the government will increasingly favour cost-effective medicines over innovative ones, as public finances will struggle to keep up with the healthcare demands of an ageing population.

Headline Expenditure Projections

Pharmaceuticals: EUR25.70bn (USD28.44bn) in 2016, increasing to EUR26.17bn (USD28.79bn) in 2017; +1.8% in local currency terms +1.2% in US dollar terms.

Healthcare: EUR94.88bn (USD104.98bn) in 2016, increasing to EUR96.58bn (USD106.23bn); +1.8% in local currency terms and +1.2% in US dollar terms. Forecast revised upwards slightly from last quarter.

Risk/Reward Index Western Europe is home to some of the most attractive pharmaceutical markets globally. However, despite there being obvious rewards for companies looking to launch medicines in the region, it is vital that companies appreciate the varying levels of both investment risk and reward that are present in the markets in Western Europe. BMI's Innovative Pharmaceuticals Risk/Reward Index tool, which provides a globally comparative and numerically based assessment of a market's attractiveness for companies looking to launch a high-value drug, was established to address this.


BMI Industry View
Table: Headline Pharmaceuticals & Healthcare Forecasts (Spain 2015-2021)
SWOT
Industry Forecast
Pharmaceutical Market Forecast
Table: Pharmaceutical Sales, Historical Data And Forecasts (Spain 2013-2021)
Healthcare Market Forecast
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Spain 2013-2021)
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Spain 2013-2021)
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Spain 2013-2021)
Prescription Drug Forecast
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Spain 2013-2021)
Patented Drug Market Forecast
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Spain 2013-2021)
Generic Drug Market Forecast
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Spain 2013-2021)
OTC Medicine Market Forecast
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Spain 2013-2021)
Pharmaceutical Trade Forecast
Table: Pharmaceutical Trade Data And Forecasts (Spain 2015-2021)
Table: Pharmaceutical Trade Data And Forecasts local currency (Spain 2015-2021)
Pharmaceuticals & Healthcare Risk/Reward Index
Western Europe Pharmaceuticals: Large Market Sizes Boost Attractiveness
Regulatory Review
Intellectual Property Issues
Pricing Regime
Reimbursement Regime
Market Overview
Healthcare Sector
Table: Healthcare Resources (Spain 2011-2016)
Table: Healthcare Personnel (Spain 2011-2016)
Table: Healthcare Activity (Spain 2011-2016)
Research & Development
Clinical Trials
Epidemiology
Competitive Landscape
Research-Based Industry
Table: Multinational Market Activity
Generic Drugmakers
Biotechnology Sector
Pharmaceutical Retail Sector
Company Profile
Almirall
Esteve
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Spain 1990-2025)
Table: Key Population Ratios (Spain 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Spain 1990-2025)
Table: Population By Age Group (Spain 1990-2025)
Table: Population By Age Group % (Spain 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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