Taiwan Pharmaceuticals & Healthcare Report Q4 2014 - New Market Report

From: Fast Market Research, Inc.
Published: Fri Oct 10 2014

While Taiwan's intellectual property regime has some deficiencies, drug pricing remains the key issue of concern for the Pharmaceutical Research and Manufacturers of America (PhRMA). Given the increasing demand for health services from the ageing population, Taiwan will continue to limit the escalation of drug prices, which will negatively impact the pharmaceutical market's growth potential. In particular demand for long-term care and welfare expenditure is expected to rise, adding further weight to the government's fiscal burden. BMI has downgraded its pharmaceutical sales forecast for Taiwan. While the ageing population will support pharmaceutical sales, we maintain that government drug price controls will continue to limit growth.

Headline Expenditure Projections

* Pharmaceuticals: TWD160.66bn (USD5.41bn) in 2013 to TWD167.74bn (USD5.59bn) in 2014; +4.4% in local currency terms and +3.4% in US dollar terms. Forecast decreased from previous quarter slightly after a change in the drug price adjustment policy.
* Healthcare: TWD964.25bn (USD32.47bn) in 2013 to TWD1,004.83bn (USD33.49bn) in 2014; +4.2% in local currency terms and +3.2% in US dollar terms. Forecast almost unchanged from the previous quarter's projections.

Full Report Details at
- http://www.fastmr.com/prod/879024_taiwan_pharmaceuticals_healthcare_report_q4_2014.aspx?afid=301

Risk/Reward Rating

Taiwan remained in forth position overall - now closely trailing Australia - in our latest Pharmaceutical Risk/Reward Rating (RRR) assessment of the 19 key markets in the Asia Pacific region, scoring 65.7 out of 100 behind Japan, South Korea and Australia respectively. While it is a small pharmaceutical market, Taiwan boasts above-average for Rewards and Risks, propped up by factors such as the high per capita consumption of medicines and an excellent chance to capitalise on the mainland-China market. Taiwan has a very strong active pharmaceutical ingredient (API) industry. Although it is small, which makes the domestic market competitive and particularly constraining, it provides specialty chemicals and...

The Taiwan 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 Taiwan Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Taiwanese pharmaceutical and healthcare industry.

Key Benefits

* Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for Taiwan to test other views - a key input for successful budgeting and strategic business planning in the Taiwanese pharmaceutical and healthcare market.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

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.

You may also be interested in these related reports:

- South Korea Pharmaceuticals & Healthcare Report Q4 2014
- Sweden Pharmaceuticals & Healthcare Report Q4 2014
- Kenya Pharmaceuticals & Healthcare Report Q4 2014
- Argentina Pharmaceuticals & Healthcare Report Q4 2014
- Peru Pharmaceuticals & Healthcare Report Q4 2014

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »