The Pharma & Healthcare industry is of vital importance for human and economic development, providing a wide range of goods and services relevant to the promotion of health at all stages in the healthcare process – from prevention and treatment to rehabilitation and palliative care. It is one of the fastest-growing industries, supported by profound demographic changes, the rising incidence of non-communicable diseases, and surging per capita health spending in both developed and emerging markets. The industry is also one of the major innovators, with increasing expenditures on development of new molecules, biotechnology and adoption of new technologies that provide advanced healthcare and ensure the longevity of the population.
The Pharma & Healthcare industry comprises the manufacture of pharmaceuticals for human and veterinary use, medical equipment and related supplies. It also includes providers of ambulatory health services, medical and diagnostic laboratories, hospitals, and nursing and residential care facilities.
In early 2020, a worldwide outbreak of coronavirus occurred, affecting the global socio-economic reality. COVID-19 posed a particular challenge to the healthcare industry. Since the pandemic started in Wuhan, Hubei province, China took a leading role ...View more details
The Philippines’ pharmaceuticals and healthcare sector is experiencing accelerating growth. The country’s strong economic performance over recent years and the government’s interventions to increase healthcare access are bringing ...View more details
Healthcare expenditure in Romania has been increasing steadily in recent years (up by 15.6% y/y in 2017), but remains the lowest in the EU28, both in per capita purchasing power and as a share of GDP (5.2% in 2017). An Ageing population and ...View more details
Turkey’s healthcare system has been fully reformed under the 2003-2013 Health Transformation Programme (HTP), expanding the coverage and quality of health services across the country. Healthcare has been among ...View more details
Thailand’s pharmaceuticals and healthcare sector has strong growth potential. Thailand is one of the most rapidly aging societies in the world. As the population ages, Thailand is facing an increase in the incidence of non-communicable diseases ...View more details
The growth of China’s healthcare sector continued in the last quarter of 2019, largely stimulated by the online healthcare segment expansion. The growth was attributed to increasing demand for quality healthcare, driven by the country’s ...View more details
Peru is a comparatively small pharmaceutical market in Latin America (ranking eighth in terms of sales volume in 2018), with a relatively young and growing population. However, public health spending is growing at a rapid pace, particularly in ...View more details
India’s pharmaceutical and healthcare sector holds considerable growth potential. The pharmaceuticals subsector, in particular, is especially strong. India is a leader in the global market for generic drugs. The country’s exported ...View more details
Colombia was the fourth-largest pharmaceutical market in Latin America in terms of sales volume in 2018, with a large and growing population, a universal but underfunded social security health insurance system, and a small but rapidly developing ...View more details