Headline Expenditure Projections
Pharmaceuticals: JOD643mn (USD905mn) in 2014 to JOD683mn (USD962mn) in 2015; +6.3% in local currency terms and US dollar terms. Forecast unchanged from Q 3 15.
Full Report Details at
Healthcare: JOD1.85bn (USD2.61bn) in 2014 to JOD1.97bn (USD2.77bn) in 2015; +6.2% in local currency terms and US dollar terms. Forecast in line with Q 3 15 .
In our Q415 Risk/Reward Index, Jordan moves up one place to 10th position out of 31 markets surveyed in the Middle East and Africa region, with a score of 46.9 out of 100. Generally speaking, although Jordan offers a relatively favourable investment environment in terms of risks, its small population size (of around seven million) will continue to limit pharmaceutical market growth.
Key Trends a nd Developments
The Council of Ministers in Jordan approved general sales tax exemptions amounting to JOD5.5mn (USD7.8mn) for special diabetes materials and drugs in June 2015.
In June 2015, airline Royal Jordanian signed a Memorandum of Understanding with the Jordan Hospitals Association to build a strategic partnership between the two bodies and coordinate with authorities involved in medical and therapeutic tourism.
Prime Minister Abdullah Ensour called for accelerating efforts to examine the means to provide comprehensive health insurance to all Jordanians in July 2015.
BMI Economic View
The Jordan Pharmaceuticals & Healthcare Report features BMI Research'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 Jordan Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Jordan pharmaceutical and healthcare industry.
* Benchmark BMI's pharmaceutical and healthcare market forecasts for Jordan, to test other views - a key input for successful budgeting and strategic business planning in the Jordanian pharmaceutical and healthcare market.
* Target business opportunities and risks in the Jordanian pharmaceutical and healthcare sector
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