New Market Report: Sri Lanka Pharmaceuticals & Healthcare Report Q3 2016

From: Fast Market Research, Inc.
Published: Thu Jun 16 2016

Despite Sri Lanka's short-term fiscal challenges, the country's pharmaceutical and healthcare markets will continue to expand over the forecast period. In fact, under the FY2016 budget, the government outlined the construction and upgrade of several healthcare facilities, which will broaden access to health services in the country while strengthening the health system ability to cope with latent and growing demand for treatment of chronic diseases. However, public spending figures will observe partial cuts or adjustments as part of the country's recent agreement to secure an international bail out loan, while we expect pro-generic medicines policies and low per-capita drug spending to limit Sri Lanka's appeal to innovative pharmaceutical investors.

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