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: In line with Romania's economic outperformance in Europe, the country's pharmaceutical and
healthcare markets will see strong growth given increased consumer spending power and higher healthcare
contributions. However, aggressive drug pricing regulations, including the imminent joint drug
procurement agreement with CEE countries, will limit revenue-earning opportunities.
Headline Expenditure Projections
? Pharmaceuticals: RON14.94bn (USD3.73bn) in 2015 to RON15.89bn (USD3.76bn) in 2016; 6.4% in
local currency terms and 0.7% in US dollar terms. Forecast unchanged from last quarter.
? Healthcare: RON39.05bn (USD9.75bn) in 2015 to RON41.28bn (USD9.76bn) in 2016; 5.7% in local
currency terms and 0.1% in US dollar terms. Forecast unchanged from last quarter.