Nicaragua Pharmaceuticals and Healthcare Report - Business Monitor International - Industry Reports

Nicaragua Pharmaceuticals and Healthcare Report

Nicaragua Pharmaceuticals and Healthcare Report - Business Monitor International - Industry Reports
Nicaragua Pharmaceuticals and Healthcare Report
Published Oct 15, 2016
42 pages — Published Oct 15, 2016
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Abstract:

The Nicaraguan pharmaceutical market will experience strong growth in local currency terms over the next decade owing to the improvement of the country s drug procurement system. In ----, medicine expenditure reached a value of NIO--.-bn (USD---mn), and this is expected to increase to NIO--.-bn (USD---mn) in ----, experiencing a -.- increase in local currency terms and a -.- increase in US dollar terms, owing to continued currency devaluation. ...The Nicaraguan pharmaceutical market will experience strong growth in local currency terms over the next decade owing to the improvement of the country s drug procurement system. In ----, medicine expenditure reached a value of NIO--.-bn (USD---mn), and this is expected to increase to NIO--.-bn (USD---mn) in ----, experiencing a -.- increase in local currency terms and a -.- increase in US dollar terms, owing to continued currency devaluation. From ----, we expect a five-year local currency compound annual growth rate (CAGR) of -.- (-.- in US dollars), to a ---- value of NIO--.-bn (USD---mn). ...Indeed, many patients either end up purchasing only part of what they are prescribed or nothing at all. In an effort to remedy this, the local government has taken steps to include traditional medicines in the country s national healthcare service as a way to offer more affordable medicines to the population.

...BMI View: The combination of economic difficulties, low per capita healthcare expenditure and an unfriendly business environment will continue to make it difficult for Nicaragua to attract foreign investment in the healthcare sector. The public healthcare system will continue to struggle to provide basic healthcare coverage and consistent access to essential medicines in the foreseeable future. ...BMI View: The combination of economic difficulties, low per capita healthcare expenditure and an unfriendly business environment will continue to make it difficult for Nicaragua to attract foreign investment in the healthcare sector. The public healthcare system will continue to struggle to provide basic healthcare coverage and consistent access to essential medicines in the foreseeable future. Much more progress will be needed before it can offer a competitive investment setting compared with its regional peers with much larger healthcare markets. ...The public healthcare system will continue to struggle to provide basic healthcare coverage and consistent access to essential medicines in the foreseeable future. Much more progress will be needed before it can offer a competitive investment setting compared with its regional peers with much larger healthcare markets.

...All information contained in this publication is copyrighted in the name of Business Monitor International Ltd, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. ...

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Source:
Document ID
2397-4745
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Nicaragua Pharmaceuticals and Healthcare Report" Oct 15, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nicaragua-Pharmaceuticals-and-Healthcare-Report-2026-1922>
  
APA:
Business Monitor International - Industry Reports. (2016). Nicaragua Pharmaceuticals and Healthcare Report Oct 15, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Nicaragua-Pharmaceuticals-and-Healthcare-Report-2026-1922>
  
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