BMI View: According to the Philippine Institute for Development Studies (PIDS) the pharmaceutical
industry is one of the fastest growing industries in the country. Its output, drugs and medicines, account for
46% of the total medical out-of-pocket expenses of Philippi ..."
BMI View: In Q413, Typhoon Haiyan has unsurprisingly been at the centre of defence and security
developments in the Philippines. Recent estimates suggest that the cost of reconstruction may reach over US
$5 billion. The latest figures put the death toll at over 5,000, ..."
BMI is upgrading its generic drug market forecast on the back of greater acceptance of generic drugs
coupled with progressive implementation of universal health coverage. As for the latter factor, we expect
improvements in health-related infrastructure and the medical ..."
BMI View: Rising healthcare expenditure will be one of the key drivers of pharmaceutical growth in the
Philippines as the country's intention to provide universal healthcare coverage sets the stage for increased
access to health and pharmaceutical services. In addition to impro ..."
BMI View: The country spent around US$3.07bn on pharmaceuticals in 2012, an increase of more than
100% since 2003, illustrating the growing strength of the market. Branded drugs currently make up a large
proportion of the market due to strong traditional preferences, the dubiou ..."
BMI View: Opportunities in the Philippines pharmaceutical and healthcare markets are currently supported by a lack of governance over drug pricing, providing short-term revenue growth opportunities for pharmaceutical firms. Expansion of expenditure is also underpinned by overall ..."
The Philippine economy expanded by an impressive 5.9% year-on-year in Q2 12 due to strong growth from various sectors, such as services and exports. Consequently, we have upgraded the pharmaceutical market forecast. We continue to hold our view that pharmaceutical firms will see ..."
BMI View: BMI has revised up its forecast for the Philippines' pharmaceutical market following
reassessment of the country's macroeconomic conditions. According to BMI's Country Risk team, the
Philippine economy expanded by an impressive 5.9% year-on-year in Q212 due to strong ..."