Research and Markets: Taiwan Pharmaceuticals and Healthcare Report Q2 2012
March 15 2012 - 3:42PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/b018fc/taiwan_pharmaceuti)
has announced the addition of the "Taiwan Pharmaceuticals and
Healthcare Report Q2 2012" report to their offering.
While high volume consumption of pharmaceuticals per capita will
continue to draw multinationals to Taiwan, the country remains
committed to cost-containment in the public healthcare spending
sphere. The latest round of price cuts was implemented in December
2011, despite industry dissatisfaction. In the meantime, Taiwanese
drug manufacturers will increasingly aim to target foreign markets
with higher value-added products, with biotechnology actively
encouraged by the government.
Headline Expenditure Projections
- Pharmaceuticals: TWD135.10bn (US$4.59bn) in 2011 to TWD140.78bn
(US$4.47bn) in 2012; +4.2% in local currency terms and -2.7% in US
dollar terms. US forecast markedly lower than in Q112 due to
exchange rate considerations.
- Healthcare: TWD783.54bn (US$26.65bn) in 2011 to TWD809.12bn
(US$25.69bn) in 2012; +3.3% in local currency terms and -3.6% in US
dollar terms. US forecast markedly lower than in Q112 due to
exchange rate considerations.
- Medical devices: TWD49.23bn (US$1.67bn) in 2011 to TWD51.14bn
(US$1.62bn) in 2012; +3.9% in local currency terms and -3.0% in US
dollar terms. US forecast markedly lower than in Q112 due to
exchange rate considerations.
Key Trends & Developments
- In a bid to strengthen cross-strait relations, Taiwan is
allowing mainland Chinese tourists to visit the country explicitly
for healthcare purposes.
- Drug prices in Taiwan are adjusted every two years, despite
industry protests, with the seventh adjustment taking place in
December 2011.
- In December 2011, a group of breast cancer patients and their
supporters submitted an appeal to Taiwan's Control Yuan asking it
to look into the NHI system. They said the BNHI fails to ensure
fairness and transparency in the reimbursement system.
Key Topics Covered:
- SWOT Analysis
- Pharmaceutical Business Environment Ratings
- Taiwan - Market Summary
- Regulatory Regime
- Industry Developments
- Industry Forecast Scenario
- Competitive Landscape
- Company Profiles
- Country Snapshot: Taiwan Demographic Data
Companies Mentioned:
- Yung Shin Pharmaceutical (YSP)
- ScinoPharm Taiwan
- Empax Pharma
- Pfizer
- Sanofi
- GlaxoSmithKline
- Novartis
- Merck & Co
For more information visit
http://www.researchandmarkets.com/research/b018fc/taiwan_pharmaceuti