Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: Finland will remain amongst the wealthiest countries in the world in real GDP per capita
terms, which together with an aging population and a preference for patented medicines, will keep
pharmaceutical spending high. However, long-term economic stagnation lies ahead which may push the
government to continue to implement additional cost containment measures, therefore creating further
revenue earning challenges for drugmakers.
Headline Expenditure Projections
? Pharmaceuticals: EUR2.98bn (USD3.30bn) in 2015 to EUR3.09bn (USD3.31bn) in 2016;+3.8% in
local currency terms and +0.1% in US dollar terms. Forecast unchanged from last quarter.
? Healthcare: EUR19.50bn (USD21.63bn) in 2015 to EUR20.12bn (USD21.53bn) in 2016; +3.2% in local
currency terms and -0.5% in US dollar terms. Forecast revised upwards slightly from last quarter.