Argentina Pharmaceuticals and Healthcare Report Q2 2010

Executive Summary ..............5
SWOT Analysis......................6
Argentina Pharmaceuticals And Healthcare Industry SWOT .......................... 6
Argentina Political SWOT .................. 7
Argentina Economic SWOT ................ 8
Argentina Business Environment SWOT............... 9
Pharmaceutical Business Environment Ratings .....10
Table: Americas – Regional Business Environment Ratings, Q210 ................ 10
Limits Of Potential Returns............... 10
Risks To Realisation Of Returns ....... 11
Argentina – Market Summary ..................13
Regulatory Regime..............15
OTC Regulation.......... 16
Recent Regulatory Developments ..... 17
Intellectual Property (IP) Environment .............. 18
IP Disputes .................. 20
Table: Joint Declaration By Latin American Health Ministers, May 2006..... 21
Counterfeit Pharmaceuticals ............ 21
Pricing Regime ............ 22
Table Argentina - Pharmaceutical Price Build-Up................... 22
Table: Argentina’s Drug Price Freeze, 2005-2008................... 23
Reimbursement Regime..................... 24
Other Regulatory Issues.................... 25
Industry Trends And Developments .......27
Epidemiology............... 27
Communicable Disease..................... 28
Healthcare System ...... 29
Healthcare Insurance ....................... 30
Recent Healthcare Insurance Developments....... 31
Medical Tourism......... 32
Pharmaceutical Wholesale Sector .... 32
Retail Pharmacy Sector .................... 32
Medicinal Plants......... 33
Table Argentina - Imports of Medicinal Plants by Country (US$’000)........... 34
Research and Development (R&D)..................... 34
Clinical Trials.............. 35
Medical Devices.......... 37
Industry Forecast Scenario ......................39
Overall Market Forecast................... 39
Key Growth Factors – Industry......... 40
Key Growth Factors – Macroeconomic ................... 41
Table: Argentina – Economic Activity, 2005-2014 ................... 43
Prescription Drug Market Forecast.................... 43
Patented Product Market Forecast ..................... 44
Generic Drug Market Forecast......... 45
OTC Medicine Market Forecast ....... 47
Pharmaceutical Trade Forecasts...... 49
Table Argentina – Imports of Medicines Containing Vitamins by Country (US$’000) ..... 50
Other Healthcare Forecasts.............. 51
Key Risks To BMI’s Forecast Scenario............... 51
Competitive Landscape.....53
Pharmaceutical Industry................... 53
Domestic Pharmaceutical Sector...... 53
Foreign Pharmaceutical Sector ........ 54
Recent Company Developments........ 56
Vaccines Sector............ 58
Recent Developments in the Vaccines Sector...... 58
Company Monitor................61
Indigenous Manufacturers ..................... 61
Laboratorios Roemmers.................... 61
Laboratorios Bagó...... 63
Leading Foreign Companies.................. 66
Pfizer ..... 66
Roche..... 68
Novartis ....................... 70
GlaxoSmithKline (GSK).................... 72
Sanofi-Aventis.............. 74
Merck & Co ................. 76
Boehringer Ingelheim ....................... 78
Country Snapshot: Argentina Demographic Data .........................79
Section 1: Population........................ 79
Table: Demographic Indicators, 2005-2030....... 79
Table: Rural/Urban Breakdown, 2005-2030 ...... 80
Section 2: Education And Healthcare................. 80
Table: Education ........ 80
Table: Life Expectancy, 2005-2030 .................... 80
Section 3: Labour Market And Spending Power ....................... 81
Table: Employment Indicators, 2001-2006......... 81
Table: Consumer Expenditure, 2000-2012 (US$) ..................... 81
Table: Average Annual Manufacturing Wages, 1995-2001 ..... 82
Methodology ................83
How We Generate Our Pharmaceutical Industry Forecasts .......... 83
Pharmaceutical Business Environment Ratings Methodology ...... 84
Ratings Overview........ 84
Table: Pharmaceutical Business Environment Indicators ........ 85
Weighting..................... 86
Table: Weighting Of Components..... 86
Sources ....... 86
Forecast Tables ...................87