Business Monitor International


Spain Pharmaceuticals & Healthcare Report

Published 26 September 2014

  • 100 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Spain Pharmaceuticals & Healthcare Report

BMI View:   Despite the Spanish economy returning to growth in 2014 and picking up steam heading into 2015, we believe that the country ' s pharmaceutical sector will not follow suit until 2018. Regardless of calls made by companies for the implementation of a system that adequately rewards innovation and supports investment in future medicines, the government will likely continue with its cost containment measures by targeting the healthcare sector and patients as it tries to reduce its expenditure on prescription drugs, creating a challenging environment for drug companies operating in Spain.

Headline Expenditure Projections

  • Pharmaceuticals: EUR24.09bn (USD31.79bn) in 2013 to EUR23.11bn (USD30.97bn) in 2014; -4.0%  in local currency terms and -2.6% in US dollar terms.

  • Healthcare: EUR101.60bn (USD134.11bn) in 2013 to EUR102.09bn (USD136.81bn) in 2014; +0.5% in local currency terms and 2.0% in US dollar terms.

Risk/Reward Rating

In BMI's Pharmaceutical Risk/Reward Ratings (RRRs) for Q414, Spain scored 65.4 and ranked 11th out of the 15 countries surveyed in Western Europe. While Spain offers investors positive features, such as its large drug market, it also has problems, such as the government's focus on cost containment, low population growth, cumbersome bureaucracy and provincial differences regarding drug regulations and reimbursement.

Key Trends And Developments

September

Swiss drugmaker Roche has revealed plans to restructure its pharmaceuticals business in Spain, which will affect 100 jobs. The move is driven by challenging market and price controls. The cuts will affect support staff and sales representatives, Roche said, adding that the current environment 'requires a transformation of the company,' reports the Pharma Times. There is a need to downsize to adjust to 'current and future business needs'. The company has introduced several initiatives to maintain the efficiency of the company and keep its investment in R&D in the country, according...

Table of Contents

BMI Industry View
7
SWOT
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Pharmaceutical Market Forecast
14
Table: Pharmaceutical Sales, Historical Data And Forecasts (Spain 2010-2018)
15
Healthcare Market Forecast
16
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Spain 2010-2018)
17
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Spain 2010-2018)
17
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Spain 2010-2018)
18
Prescription Drug Market Forecast
19
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Spain 2010-2018)
21
Patented Drug Market Forecast
22
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Spain 2010-2018)
23
Generic Drug Market Forecast
24
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Spain 2010-2018)
25
OTC Medicine Market Forecast
26
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Spain 2010-2018)
27
Pharmaceutical Trade Forecast
28
Table: Pharmaceutical Trade Data And Forecasts (Spain 2012-2018)
29
Table: Pharmaceutical Trade Data And Forecasts local currency (Spain 2012-2018)
29
Other Healthcare Data
30
Key Risks To BMI's Forecast Scenario
30
Macroeconomic Forecasts
31
Economic Analysis
31
Table: Economic Activity (Spain 2009-2018)
37
Industry Risk Reward Ratings
38
Western Europe Risk/Reward Ratings
38
Spain Risk/Reward Ratings
44
Rewards
44
Risks
44
Market Overview
46
Industry Trends And Developments
47
Epidemiology
47
Healthcare Sector
48
Table: Regional Public Hospital Debt - Values In EURmn
49
Research & Development
51
Clinical Trials
53
Regulatory Development
55
Intellectual Property Issues
56
Parallel Trade
57
OTC Medicines
58
Generic Medicines
59
Pricing Regime
59
Reference Pricing System
61
Reimbursement Regime
64
Competitive Landscape
65
Pharmaceutical Sector
65
Generic Drug Sector
66
Biotechnology Sector
67
Pharmaceutical Retail
70
Company Profile
72
Almirall
72
Esteve
76
GlaxoSmithKline
80
Pfizer
83
Novartis
86
Sanofi
88
Merck & Co
90
Demographic Forecast
92
Table: Spain's Population By Age Group, 1990-2020 ('000)
93
Table: Spain's Population By Age Group, 1990-2020 (% of total)
94
Table: Spain's Key Population Ratios, 1990-2020
95
Table: Spain's Rural And Urban Population, 1990-2020
95
Glossary
96
Methodology
98
Pharmaceutical Expenditure Forecast Model
98
Healthcare Expenditure Forecast Model
98
Notes On Methodology
99
Risk/Reward Ratings Methodology
100
Ratings Overview
101
Table: Pharmaceutical Risk/Reward Ratings Indicators
101
Indicator Weightings
102

The Spain Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'s forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's Spain Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Spanish pharmaceutical and healthcare industry.

Key Benefits

  • Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for Spain to test other views - a key input for successful budgeting and strategic business planning in the Spanish pharmaceutical and healthcare market.
  • Target business opportunities and risks in the Spanish pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Spain.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View & Industry SWOT

An at-a-glance perspective on latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The SWOT outlines strategic factors which affect BMI's forecast analysis, and taken together with BMI's political, economic and business environment SWOTS, it gives a complete overview of market climate.

Market Summary

Snapshot of key market characteristics, including total size of pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape.

Regulatory Regime

Details of the industry regulatory framework and key legislation covering the licensing of new products/services, pricing and reimbursements, intellectual property, taxation and advertising, as well as an analysis of the overall regulatory burden.

Industry Developments

Focus on government healthcare reforms, epidemiological trends, company M&As, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

BMI Industry Forecasts

Forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Healthcare: Total healthcare expenditure (US$bn), healthcare expenditure (% of GDP), healthcare expenditure per capita (US$), hospital beds (per `000 population), doctors (per `000 population), birth and mortality rate (per `000 population)

Pharmaceutical market: Drug expenditure (US$bn), drug expenditure (% of GDP), drug expenditure per capita (US$)

Patented drug market: Prescription drug sales (US$bn), prescription sales (% of total sales), sales broken down by 14 therapeutic areas (cardiovascular, anti-infectives etc.)

Generic drug market: Generic product sales (US$bn), generic sales (% of total sales)

OTC drug market: OTC sales (US$bn), OTC sales (% of total sales), sales broken down by product types (analgesics, skin treatments, vitamins and minerals etc.)

Medical Devices: Medical device sales (US$bn), medical device sales (% of total healthcare market)

Macroeconomic Forecasts: Nominal and real GDP, % real GDP growth, % private consumption growth, % industrial output growth, % consumer price index, % GDP price deflator, exports, imports, trade balance, current account balance, foreign direct investment, exchange rate against US$, government expenditure, external debt.

Competitive Landscape

The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc