Belgium Pharmaceuticals and Healthcare Report Q3 2008 Is Now Available
2008-10-07 00:16:00 -
www.researchandmarkets.com - Research and Markets (www.researchandmarkets.com/research/395637/belgium_pharmaceut) has announced the addition of the "Belgium Pharmaceuticals and Healthcare Report Q3 2008" report to their offering.
Our Belgium Pharmaceuticals and Healthcare Report provides independent forecasts and competitive intelligence on Belgium's pharmaceuticals and healthcare industry.
Belgium's pharmaceutical market was worth EUR4.08bn (US$5.6) in 2007 and the author expects steady, if unspectacular growth over the forecast period to 2012. Generics remain the area of major growth potential for the market. 2008 has been relatively quiet in terms of changes in the market environment. Cost containment remains a priority for the Belgian government with a focus on promoting generic prescribing.
Over 40% of prescriptions for reimbursed medicines were for low cost pharmaceuticals in 2007, with 23.54% of the total being generics and 16.69% off-patent originator drugs. Nevertheless the country's reputation for giving its citizens access to innovative therapies stand strong, with 26 new chemical entities (NCEs) having been added to the reimbursement list in late 2007.
Despite having access to these modern treatments, our Burden of Disease Database (BoDD) has highlighted the impact disease has on the country's population. Belgium's high number of disabilityadjusted life years (DALYs) lost per capita due to disease makes the country one of the most burdened in Western Europe, ranking 18th. Despite the per capita disease burden reducing significantly by 2030, Belgium is forecasted to remain in equal position in Western Europe. The burden of HIV/AIDS will represent one of the biggest increases in DALYs by 2030, increasing by 65%. Alzheimers and other dementias will also play an increasing burden in line with an ageing population. Meanwhile, the burden of cancer, cardiovascular disease and neuropsychiatric conditions, the countries top three burdens will fall significantly with improved treatment and disease management.
Belgium's fiscal environment has become more favourable for pharmaceutical companies after the EC finally authorised planned tax exemptions that had been originally devised in 2005. The total reductions should amount to EUR47mn (US$70mn) a year.
Company-wise, local drugmaker Solvay made a conditional tender offer for fellow domestic player Innogenetics in April. In the same month US ophthalmic firm Bausch & Lomb (B&L) announced a strategic research collaboration with Belgian drug discovery company Galapagos NV. Over-the counter (OTC) specialist Omega Pharma posted disappointing financial results in the Belgian market for 2007, however, stronger performance abroad meant the company was still able to increase its global sales by 8%.
Key Topics Covered:
Executive Summary
Belgium Pharmaceuticals And Healthcare Industry SWOT
Belgium Political SWOT
Belgium Economic SWOT
Pharmaceutical Business Environment Ratings
Table: Western Europe Pharmaceutical Business Environment Ratings
Limits Of Potential Returns
Belgium - Market Summary
Regulatory Regime
Intellectual Property Developments
Pricing And Reimbursement Regime
Pricing And Reimbursement Developments
Industry Developments
Healthcare Sector
Recent Healthcare Sector Developments
Epidemiology
Table: Disease Burden In Western Europe
Operating Environment And Recent Company Developments
Generics Sector
Research And Development Sector
Industry Forecast Scenario
Overall Market Forecast
Table: Belgium's Drug Market Indicators, 2005-2012
Key Growth Factors - Industry
Table: Belgium's Health Expenditure Indicators, 2005-20 28
Key Growth Factors - Macroeconomic
Table: Belgium - Economic Activity
Patented Market Forecast
Table: Belgium's Patented Drugs Market Indicators, 2006-2012
OTC Market Forecast
Table: Belgium's OTC Drugs Market Indicators, 2006-2012 (US$mn unless otherwise stated)
Generics Market Forecast
Table: Belgium's Generics Drug Market Indicators, 2006-2012
Export/Import Forecasts
Table: Belgium's Pharmaceuticals Exports And Imports, 2005-2012 (US$mn)
Other Healthcare Data Forecasts
Table: Belgium's Healthcare Data Indicators, 2005-2012
Key Risks To Our Forecasts
Competitive Landscape
Company Monitor
Leading Multinational Manufacturers
GlaxoSmithKline (GSK)
Pfizer
Novartis
Sanofi-Aventis
Merck & Co
Leading Indigenous Manufacturers
UCB Pharma
Solvay
Janssen Pharmaceutica
Omega Pharma
Our Forecast Modelling
How We Generate Our Pharmaceutical Industry Forecasts
Pharmaceutical Industry
Pharmaceutical Business Environment Ratings Methodology
Ratings Overview
Table: Pharmaceutical Business Environment Indicators
Weighting
Table: Weighting Of Components
Sources
Companies Mentioned:
- GlaxoSmithKline (GSK)
- Janssen Pharmaceutica
- Merck & Co
- Novartis
- Omega Pharma
- Pfizer
- Sanofi-Aventis
- Solvay
- UCB Pharma
For more information visit www.researchandmarkets.com/research/395637/belgium_pharmaceut
Research and Markets
Laura Wood
Senior Manager
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