Belgium Pharmaceuticals and Healthcare Report Q3 2008
http://www.companiesandmarkets.com/Summary-Market-Report/belgium-pharmaceuticals-and-healthcare-report-q3-2008-51495.asp
- Market - Healthcare and Medical
- Published Date - 15/09/2008
- Report Type - Market Report
- Country - Belgium
- Number of Pages - 66
Report Summary
Belgium’s pharmaceutical market was worth EUR4.08bn (US$5.6) in 2007 and BMI expects steady, if unspectacular growth over the forecast period to 2012. Generics remain the area of major growth potential for the market. 2008 has been relatively quiet in terms of changes in the market environment. Cost containment remains a priority for the Belgian government with a focus on promoting generic prescribing. Over 40% of prescriptions for reimbursed medicines were for low cost pharmaceuticals in 2007, with 23.54% of the total being generics and 16.69% off-patent originator drugs. Nevertheless the country’s reputation for giving its citizens access to innovative therapies stand strong, with 26 new chemical entities (NCEs) having been added to the reimbursement list in late 2007. Despite having access to these modern treatments, BMI’s Burden of Disease Databse (BoDD) has highlighted the impact disease has on the country’s population.
Belgium high number of disabilityadjusted life years (DALYs) lost per capita due to disease makes the country one of the most burdened in Western Europe, ranking 18th. Despite the per capita disease burden reducing significantly by 2030, Belgium is forecasted to remain in equal position in Western Europe. The burden of HIV/AIDS will represent one of the biggest increases in DALYs by 2030, increasing by 65%. Alzheimers and other dementias will also play an increasing burden in line with an ageing population. Meanwhile, the burden of cancer, cardiovascular disease and neuropsychiatric conditions, the countries top three burdens will fall significantly with improved treatment and disease management. Belgium’s fiscal environment has become more favourable for pharmaceutical companies after the EC finally authorised planned tax exemptions that had been originally devised in 2005. The total reductions should amount to EUR47mn (US$70mn) a year. Company-wise, local drugmaker Solvay made a conditional tender offer for fellow domestic player Innogenetics in April. In the same month US ophthalmic firm Bausch & Lomb (B&L) announced a strategic research collaboration with Belgian drug discovery company Galapagos NV. Over-the counter (OTC) specialist Omega Pharma posted disappointing financial results in the Belgian market for 2007, however, stronger performance abroad meant the company was still able to increase its global sales by 8%.
Table of Contents
Executive Summary ........5
Belgium Pharmaceuticals And Healthcare Industry SWOT... 6
Belgium Political SWOT . 6
Belgium Economic SWOT.......... 7
Pharmaceutical Business Environment Ratings ..........8
Table: Western Europe Pharmaceutical Business Environment Ratings . 8
Limits Of Potential Returns........ 8
Belgium – Market Summary ...........10
Regulatory Regime .........11
Intellectual Property Developments............... 12
Pricing And Reimbursement Regime.............. 13
Pricing And Reimbursement Developments ... 14
Industry Developments .......16
Healthcare Sector ......... 16
Recent Healthcare Sector Developments ....... 17
Epidemiology ................ 18
Table: Disease Burden In Western Europe.... 19
Operating Environment And Recent Company Developments ............... 20
Generics Sector ............. 22
Research And Development Sector ................ 24
Industry Forecast Scenario ..25
Overall Market Forecast.......... 25
Table: Belgium’s Drug Market Indicators, 2005-2012........ 26
Key Growth Factors – Industry 27
Table: Belgium’s Health Expenditure Indicators, 2005-20 28
Key Growth Factors – Macroeconomic ......... 29
Table: Belgium - Economic Activity............... 31
Patented Market Forecast........ 32
Table: Belgium’s Patented Drugs Market Indicators, 2006-2012 .......... 32
OTC Market Forecast ... 33
Table: Belgium’s OTC Drugs Market Indicators, 2006-2012 (US$mn unless otherwise stated) . 34
Generics Market Forecast ....... 35
Table: Belgium’s Generics Drug Market Indicators, 2006-2012 ........... 36
Export/Import Forecasts.......... 37
Table: Belgium’s Pharmaceuticals Exports And Imports, 2005-2012 (US$mn) .... 38
Other Healthcare Data Forecasts . 38
Table: Belgium’s Healthcare Data Indicators, 2005-2012 .. 38
Key Risks To BMI’s Forecasts . 38
Competitive Landscape ......39
Company Monitor .........40
Leading Multinational Manufacturers ................ 40
GlaxoSmithKline (GSK) 40
Pfizer ...... 42
Novartis .. 44
Sanofi-Aventis ............... 46
Merck & Co . 48
Leading Indigenous Manufacturers ... 50
UCB Pharma ................ 50
Solvay ..... 55
Janssen Pharmaceutica 59
Omega Pharma ............. 61
BMI Forecast Modelling ......62
How We Generate Our Pharmaceutical Industry Forecasts ..... 62
Pharmaceutical Industry.......... 63
Pharmaceutical Business Environment Ratings Methodology .. 63
Ratings Overview .......... 63
Table: Pharmaceutical Business Environment Indicators ... 64
Weighting 65
Table: Weighting Of Components . 65
Sources ........ 65