The Pharmaceutical Market: Romania

Date: January 31, 2013
Pages: 93
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US$ 1,295.00
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Publisher: Espicom Business Intelligence
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: PE7C4AC4CA5EN
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The Pharmaceutical Market: Romania
OVERVIEW OF THE PHARMACEUTICAL MARKET IN ROMANIA

While it is clear that drugmakers operating in Romania are far from happy with the latest revisions to the pharmaceutical claw-back tax, andthe tax remains unfairly punitive, all things considered, the August 2012 amendmentsarea small improvement, thoughdefinitelynot what producers would have wanted ideally. With part of the objective of the claw-back tax to improve the timeliness of payments for reimbursed medicines, which has been a major difficulty for drug producers and distributors over the last four years, there are some upsides to this mechanism working effectively.The tax remains most punitive for generic drugmakers with lower-value medicines and could lead to these cheaper medicines exiting the market. The tax continues to weigh on BMI's assessment of Romania's Pharmaceutical and Healthcare Risk/Reward ratings.

Headline Expenditure Projections:

Pharmaceuticals: RON12.76bn (US$4.18bn) in 2011 to RON13.52bn (US$3.78bn) in 2012; +6.0% in local currency terms and -9.7% in US dollar terms. Local currency forecast slightly down from Q4 12 on account of macroeconomic factors; US dollar forecast further impacted by exchange rate factors.

Healthcare: RON30.17bn (US$9.90bn) in 2011 to RON32.07bn (US$9.86bn) in 2012; +6.3% in local currency terms and -9.5% in US dollar terms. Local currency forecast slightly down from Q4 12 on account of macroeconomic factors; US dollar forecast further impacted by exchange rate factors.

Medical devices: RON1.61bn (US$527mn) in 2011 to RON1.69bn (US$471mn) in 2012; +5.0% in local currency terms and -10.6% in US dollar terms. Local currency forecast slightly down from Q4 12 on account of macroeconomic factors; US dollar forecast further impacted by exchange rate factors.

Competitive Landscape

The Competitive Landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.
EXECUTIVE SUMMARY

SWOT ANALYSIS

    Romania Pharmaceuticals And Healthcare Industry SWOT
    Romania Political SWOT
    Romania Economic SWOT
    Romania Business Environment SWOT

PHARMACEUTICAL RISK/REWARD RATINGS

    Table: Emerging Europe Pharmaceutical Risk/Reward Ratings, Q113
    Rewards
    Risks

ROMANIA – MARKET SUMMARY

REGULATORY REGIME

    Table: NMA Authorisation Activity, 2007-2008
    Pharmaceutical Advertising
    Intellectual Property Regime
    Corruption
    Pricing Regime
    Reimbursement Regime
    Co-Payments for Medical Services
    Public Sector Procurement
    Claw-Back Tax
    Latest Claw-Back Tax Developments

INDUSTRY DEVELOPMENTS

    Epidemiology
    Communicable Diseases
    Healthcare System
    Private Healthcare Provision
    Private Healthcare Provision Developments
    Healthcare Reform
    Pharmaceutical Payment Delays
    Research and Development (R&D)
    Clinical Trials
    Medical Devices

INDUSTRY FORECAST SCENARIO

    Pharmaceutical Market Forecast
    Table: Romania Pharmaceutical Sales, Historical Data and Forecasts
    Healthcare Market Forecast
    Table: Romania Healthcare Expenditure Trends, Historical Data and Forecasts
    Table: Romania Government Healthcare Expenditure Trends, Historical Data and Forecasts
    Table: Romania Private Healthcare Expenditure Trends, Historical Data and Forecasts
    Key Growth Factors – Macroeconomic
    Prescription Drug Market Forecast
    Table: Romania Prescription Drug Market Indicators, Historical Data and Forecasts
    Patented Drug Market Forecast
    Table: Romania Patented Drug Market Indicators, Historical Data and Forecasts
    Generic Drug Market Forecast
      Table: Romania Generics Drug Market Indicators, Historical Data and Forecasts
      OTC Medicine Market Forecast
      Table: OTC Medicine Sales By Subsector, 2007-2010
      Table: Romania Over-The-Counter (OTC) Medicine Market Indicators, Historical Data and Forecasts
      Pharmaceutical Trade Forecast
      Table: Romania Pharmaceutical Trade Data And Forecasts (US$mn)
      Table: Romania Pharmaceutical Trade Data And Forecasts (RONmn)
  Medical Device Market Forecast
      Table: Romania Medical Device Market Indicators, Historical Data and Forecasts
      Other Healthcare Data
      Key Risks To BMI’s Forecast Scenario

COMPETITIVE LANDSCAPE

      Pharmaceutical Industry
      Domestic Pharmaceutical Sector
      Foreign Pharmaceutical Sector
      Table: Members of ARPIM, 2011
      Pharmaceutical Company Developments
      Pharmaceutical Wholesaling
      Pharmaceutical Retail
      Table: Pharmacies & Pharmaceutical Storehouses, 2000-2006 (000s)

COMPANY PROFILES

  Local Companies
      Zentiva Romania
      Actavis Romania (Sindan)
      Terapia Ranbaxy
      Antibiotice Iaşi
      LaborMed Pharma
  Multinational Companies
      GlaxoSmithKline (Europharm)
      Roche
      Sanofi
      Novartis
      Pfizer
      Krka
      Merck & Co

DEMOGRAPHIC OUTLOOK

      Table: Romania’s Population By Age Group, 1990-2020 (‘000)
      Table: Romania’s Population By Age Group, 1990-2020 (% of total)
      Table: Romania’s Key Population Ratios, 1990-2020

GLOSSARY

BMI METHODOLOGY

      How We Generate Our Pharmaceutical Industry Forecasts
      Pharmaceutical Risk/Reward Ratings Methodology
      Ratings Overview
      Table: Pharmaceutical Business Environment Indicators
      Weighting
      Table: Weighting Of Components
      Sources
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