New Market Research Report: Puerto Rico Pharmaceuticals & Healthcare Report Q2 2011

New Healthcare market report from Business Monitor International: "Puerto Rico Pharmaceuticals & Healthcare Report Q2 2011"
 
April 26, 2011 - PRLog -- Puerto Rico's economy is highly dependent on exports of high-technology products to the US. Due to the islands high exposure to the immediate effects of the US healthcare reform on demand for pharmaceuticals, it is vital that the commonwealth diversifies its manufacturing capabilities in order to ensure sustainable long-term economic development.

Employment has been weak since the economy entered into recession five years ago, although we believe unemployment rates peaked in July 2010 at 16.9% and will keep falling gradually as economic activity starts to pick up. Tight fiscal conditions will continue to hamper higher investment in the healthcare industry and services. We expect unemployment to fall to 14.0% by end-2011 and 12.0% by end-2012. We expect healthcare spending to rise from US$10.87bn in 2010 to US$13.37bn by 2015, at a CAGR of 4.23%.

Although the domestic market is small, per capita drug consumption is one of the highest in Latin America. BMI expects the pharmaceutical market to experience a CAGR of 2.84% between 2010 and 2015, reaching a value of US$3.17bn, which compares unfavourably with the historic CAGR of 7.29% over the period between 2005 and 2010. By 2020, total drug sales will be worth US$3.80bn, indicating a slightly recovered CAGR of 3.28%

The US territory shares its regulatory system with the US mainland, and benefits from extremely closes political relations with the US - a major draw for multinationals wishing to set up manufacturing operations on the island. In the short to medium term, Puerto Rico's highly skilled workforce will give the island a competitive advantage as a manufacturing hub.

However, in the long term as Latin American countries improve their business environments and increasingly offer the added bonus of massive domestic demand, we believe Puerto Rico's exporting industry will face increasing competition from its regional neighbours. Puerto Rico still remains one of the highest-ranked markets in our latest Business Environment Rankings (BER) for the Americas region, trailing only the United States and Canada. However, the territory is likely to slip further down the matrix over the coming years, as Brazil, Mexico, Argentina and Colombia's attractiveness increases, given their lower operating costs and improving technology base.

The government's industrial policy is to continue to encourage Puerto Rico's manufacturing sector through incentives for research and development (R&D), with the aim of strengthening the biotechnology sector and moving further up in the pharmaceutical value chain. However, recent rises in corporate taxation coupled with regulatory issues concerning the quality of output from a number of manufacturing plants, have had a negative impact on the island's reputation and attractiveness.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/149668_puerto_rico_pharmaceuti...


Partial Table of Contents:

SWOT Analysis
- Puerto Rico Pharmaceuticals And Healthcare Industry SWOT
Pharmaceutical Business Environment Ratings
- Table: Americas - Regional Pharmaceutical Business Environment Ratings, Q211
- Rewards
- Risks
Puerto Rico - Market Summary
Regulatory Regime
- Pricing and Reimbursement Issues
- Tax Incentives
- Table: Puerto Rico - Incentives, Benefits And Discounts For Pharmaceutical Manufacturers
- Trade Accords
Industry Developments
- Epidemiology
- Healthcare Sector
- Healthcare Financing
- Clinical Trials
- Biotechnology
- Medical Devices
- Recent Developments in Medical Devices Market
Industry Forecast Scenario
- Overall Market Forecast
- Table: Pharmaceutical Sales Indicators 2007-2015
- Key Growth Factors - Industry
- Table: Healthcare Expenditure Indicators 2007-2015
- Table: Government Healthcare Expenditure Indicators 2007-2015
- Table: Private Healthcare Expenditure Indicators 2007-2015
- Key Growth Factors - Macroeconomic
- Table: Puerto Rico - Economic Activity
- Prescription Drug Market Forecast
- Table: Prescription Drug Sales Indicators 2007-2015
- Patented Drug Market Forecast
- Table: Patented Drug Market Indicators 2007-2015
- Generic Drug Market Forecast
- Table: Generic Drug Sales Indicators 2007-2015
- OTC Medicine Market Forecast
- Table: OTC Medicine Sales Indicators 2007-2015
- Medical Device Market Forecast
- Table: Medical Devices Sales Indicators 2007-2015
- Pharmaceutical Trade Forecast
- Table: Exports and Imports Indicators 2007-2015
- Other Healthcare Data Forecasts
- Key Risks to BMI's Forecast Scenario
Competitive Landscape
- Pharmaceutical Industry
- Table: Puerto Rico: Multinational Downscaling
- Pharmaceutical Production
- Plant Closures
- Summary Of Company Developments
- Research and Development
- Pharmaceutical Wholesale
- Pharmaceutical Retail
Company Monitor
- Pfizer
- GlaxoSmithKline
- Merck & Co
- Abbott Laboratories
- Novartis
- Sanofi-Aventis
- Eli Lilly
Country Snapshot: Puerto Rico Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1496...

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/catalog/publishers.aspx?pubid=1010

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.

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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.
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