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In a bid to cut the country’s healthcare deficit, the Netherlands is focusing on the use of generics as a cost-containment tool. In 2008, health insurers introduced preference policies, which contain lists of medicines that have the same composition (or active substance), but differ in price. This resulted from health insurers’ preference to reimbursing these less expensive medications. Consequently, the prices of commonly-used generic drugs fell by an average of 85% the following year.
In addition, the government allowed insurers to add biosimilar drugs in their preference policies in 2009, providing further momentum to the country’s expanding generics market.
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Thanks in part to this system, the generic pharmaceutical market in the Netherlands increased in value from US$832m in 2005 to an estimated US$1.8 billion in 2010, at a Compound Annual Growth Rate (CAGR) of 15%.
With several major drugs going off-patent in the near future, GlobalData expects the Dutch generics sector to continue its impressive expansion, providing fantastic opportunities for the country’s generics manufacturers.
This report is an essential source of information and analysis regarding the healthcare, regulatory, and reimbursement landscape in the Netherlands.
This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.
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