Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: The Austrian pharmaceutical market, despite its small size in comparison with its EU15
partners, has one of the highest per capita expenditures globally due to its relatively small population, high
burden of non-communicable diseases and ageing population. We believe pharmaceutical spending will
post modest growth over the medium term as the government links growth in public healthcare expenditure
with nominal GDP growth. Overall, we view the Austrian pharmaceutical and healthcare market as
relatively stable and insulated from sudden downgrades.
Headline Expenditure Projections
? Pharmaceuticals: EUR6.29bn (USD6.97bn) in 2015 to EUR6.48bn (USD6.94bn) in 2016; 3.15% in local
currency terms and -0.5% in US dollar terms. Forecasts slightly decreased from the previous quarter.
? Healthcare: EUR37.4bn (USD41.4bn) in 2015 to EUR38.9bn (USD41.6bn) in 2016; +4.1% in local
currency terms and 0.4% in US dollar terms. Forecasts unchanged from the previous quarter.