The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
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.