Africa s USD--bn (EUR--bn) pharmaceutical market and its projected -.- CAGR through to ----. Growth forecasts are in local currency terms that are aggregated from the country-level US dollar proportions, which have been equalised to minimise currency fluctuations using a time series-weighted calculation. ...Multinationals can be seen to be pursuing strategies of cooperation with domestic companies as well as setting up local manufacturing facilities across the region. The biggest threat to our outlook stems from the recent era of low oil prices, as governments are expected to be increasingly strict with regards to spending on pharmaceuticals, and generic substitution is likely to be heavily encouraged - challenging multinational drugmakers revenues. MENA s pharmaceutical market will post a five-year CAGR of -.- in US dollar terms and -.- in Euro terms. ...The biggest threat to our outlook stems from the recent era of low oil prices, as governments are expected to be increasingly strict with regards to spending on pharmaceuticals, and generic substitution is likely to be heavily encouraged - challenging multinational drugmakers revenues.
...The Middle East and North Africa s (MENA) USD---bn (EUR---bn) healthcare market is forecast to post a -.- CAGR through to ----. The USD---bn (EUR---bn) Middle East healthcare market will be a significant driver of growth in the wider region, posting a -.- CAGR through to ----. North Africa s USD--bn (EUR--bn) healthcare is also expected to be a key driver of growth in the region with a -.- CAGR through to ----. Growth forecasts are in local currency terms that are aggregated from the country- level US dollar proportions, which have been equalised to minimise currency fluctuations using a time series-weighted calculation. MENA s healthcare market will post a five-year CAGR of -.- in USD terms and -.- in EUR terms. ...This, combined with a strong preference for branded medicines, will continue to boost healthcare expenditure throughout the MENA region. We expect the healthcare sector to remain a priority for most MENA governments, though a prolonged period of subdued oil prices will
...� Business Monitor International Ltd Page -- cause governments to reassess their spending patterns as current public spending levels are unsustainable. This will encourage a shift towards healthcare privatisation through the rollout of compulsory health insurance schemes and will be a significant growth driver in the Middle East in particular. ...
