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: The gradual economic recovery will support the government's plans within the healthcare
sector; however, political instability poses the greatest risk to our outlook. Kuwait's political backdrop is
complicated by labour and population imbalances, as well as a parliament which has consistently blocked
the government's reform efforts. While these healthcare reforms are still likely to be implemented, changes
to the election law reform mean they are vulnerable to lengthy delays as political tensions continue to
Headline Expenditure Projections
? Pharmaceuticals: From KWD300mn (USD1.0bn) in 2015 to KWD310mn (USD1.03bn) in 2016; +4.9%
in local currency terms and +2.9% in US dollar terms. Forecast revised downward from Q316.
? Healthcare: From KWD1.61bn (USD5.34bn) in 2015 to KWD1.74bn (USD5.68bn) in 2016; +8.4% in
local currency terms and +6.3% in US dollar terms. Forecast revised downward from Q316.