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Follow on Google News | "Malaysia Pharmaceuticals & Healthcare Report Q3 2010" now available at Fast Market ResearchNew Healthcare market report from Business Monitor International: "Malaysia Pharmaceuticals & Healthcare Report Q3 2010"
Indeed, generics continue to be poorly promoted in Malaysia, with branded drugs generally viewed as superior in quality. The generics market was accordingly worth just MYR1.11bn (US$316mn) in 2009. The relatively small size of the market in Malaysia gives it a greater potential for growth in the coming years, however. After the OTC market, BMI believes the generics market will post the strongest growth over the next nine years. BMI's forecast shows a local currency CAGR of 10.34% over 2009-2014, increasing to 10.87% over 2009-2019. Meanwhile, economic indicators for the country are beginning to look more positive, which should help sustain growth in the pharmaceuticals sector. BMI has bumped up our 2010 real GDP forecast to 4.9% (from 4.1%) in view of a stronger export recovery, although fears of a Chinese-led slowdown have forced us to downgrade our economic outlook for 2011, with growth expected to come in at only 3.5% (revising downwards from 4.7%). Malaysia's Q110 real GDP growth came in at a larger-than- A further drawback to the industry's prospects came as Malaysia and the US appeared to all but abandon bilateral free trade agreement (FTA) negotiations. However, the possibility of Malaysia joining an alternative, multilateral trans-Pacific trade deal remains open. A trade deal would give impetus to Malaysia's growing pharmaceutical trade activity. The total value of pharmaceutical exports should grow to US147.7mn in 2010, reaching US184.9mn by 2014. However, growth in the value of imports will continue to outpace exports over the forecast period, as imports grow at a CAGR of 12%. Imports will be worth US$1.02bn in 2010, taking Malaysia's pharmaceutical deficit to US877mn. In company terms, Pharmaniaga has had a turbulent start to 2010. Following the February release of financial results that BMI described as 'disappointing', the company's manufacturing licence has been revoked by the Pharmaceutical Services Division of the Ministry of Health as of March 2010. The firm's majority shareholder, UEM Group Berhad, has subsequently failed to deny claims that it plans to divest its interest in Pharmaniaga. Despite these setbacks, the outlook for Pharmaniaga is positive. According to Edge Malaysia, sources suggest the pharmaceutical company has retained its lucrative 10-year concession for the provision of generic drugs to the Malaysian government. This deal will provide a steady revenue stream and allow Pharmaniaga to increasingly explore growth strategies such as ramping up exports to neighbouring countries and producing higher-value medicines. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Malaysia Pharmaceuticals And Healthcare Industry SWOT - Malaysia Political SWOT - Malaysia Economic SWOT - Malaysia Business Environment SWOT Pharmaceutical Business Environment Ratings - Table: Asia Pacific - Pharmaceuticals & Healthcare Business Environment Ratings For Q310 - Limits Of Potential Returns - Risks To Realisation Of Returns Malaysia - Market Summary Regulatory Regime - Pharmaceutical And Medical Advertising - Recent Regulatory Developments - Intellectual Property Regime - Counterfeit Pharmaceuticals - Compulsory Licensing - Free Trade Agreements - Pricing And Reimbursement Industry Trends And Developments - Epidemiology - Table: 10 Leading Causes Of Death In Ministry of Health Hospitals, 2005 - Non-Communicable Disease - Communicable Disease - Healthcare Sector - Healthcare Sector Funding - Medical Tourism - Biotechnology And Research - Table: Key Points Of The Malaysian National Biotechnology Policy - Table: The Benefits Of Conducting Biotechnology Research In Malaysia - Recent Biotechnology Developments - Clinical Trials - Recent Developments in the Clinical Trials Industry - Medical Devices - Table: Malaysia - Clinical Diagnostics Market, 2006 (US$mn) - Leading Medical Device Players - Recent Developments In The Medical Devices Industry Industry Forecast Scenario - Overall Market Forecast - Key Growth Factors - Industry - Key Growth Factors - Macroeconomic - Table: Malaysia - Economic Activity - Prescription Drug Market Forecast - Patented Product Market Forecast - Generic Drug Market Forecast - OTC Medicine Market Forecast - Medical Device Market Forecast - Pharmaceutical Trade Forecast - Other Healthcare Data Forecasts - Key Risks To BMI's Forecast Scenario Competitive Landscape - Domestic Pharmaceutical Industry - Foreign Pharmaceutical Industry - Pharmaceutical Demand - Recent Company Activities - Halal Medicine - Traditional Medicine Company Profiles - Leading Indigenous Manufacturers - Pharmaniaga - Prime Pharmaceutical - Bumimedic - Hovid - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. End
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