The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
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.