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Moldova Pharmaceuticals and Healthcare Report Q2 2009

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An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£330.00

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Market

Healthcare and Medical

Report Type

Market Research

Country

Published

16 April 2009

Number of Pages

54

Report Delivery

Download

Delivery Lead Time

Immediate

Publisher

Business Monitor International

Moldova’s pharmaceutical market stood at US$206mn in 2008 and is forecast to grow to US$309mn in 2013. This represents a compound annual growth rate (CAGR) of 14.08%. The country has seen its healthcare budget almost triple since the introduction of obligatory health insurance in 2003, and in the coming years, growth in the drug market will be driven by the continuing modernization of the health sector. In 2009, for example, the health insurance budget increased by 30% compared to 2008.

In February 2009, three legislative amendments were adopted by Molodova’s parliament, giving lowincome families the right to free health insurance. Families that already receive social assistance will be given full insurance coverage, as part of the government’s 2008-2017 plan to increase access to health services. Presently, there are 17 categories of people who receive free health insurance, this includes – children, retirees, the disabled, students, pregnant women and the unemployed. It is estimated by the Commission for Social Protection, Health and Family that the extra coverage for low-income families will cost around MDL1mn (US$93,457).

Moldova has stated its ambitions to reduce its reliance on pharmaceutical imports by boosting its domestic industry. Similar to Belarus's nationalistic strategy and the backing of Belbiopharm, the Moldovan government has backed state-owned Farmaco to pioneer the development of the domestic industry. In February 2008, President Vladimir Voronin took part in the launching ceremony of a new automatic production line at Farmaco which will expand the company's product range by 40%. President Voronin noted the importance of the event, not only for Farmaco, but for the pharmaceutical field in general.

However, Moldova remains near the foot of BMI’s Business Environment Ranking for the Emerging Europe region. Key problems include the small overall market size, a declining population, and insufficient health financing. Although Moldova is making serious improvements to its health sector and is increasing access to drugs, BMI believes it will remain around the bottom of the rankings for the foreseeable future.

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Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£330.00

Change Currency

GBP EURO USD

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