Fast Market Research

Germany Pharmaceuticals & Healthcare Report Q2 2014 - New Market Research Report

Recently published research from Business Monitor International, "Germany Pharmaceuticals & Healthcare Report Q2 2014", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 03/20/2014 -- The downward pressure on generic medicine prices, as a result of tenders raising the level of competition and the ultimate commoditisation of off-patent medicines, draws attention to the inherent challenges for generic drugmakers looking to profit from the government's focus on cost containment in the healthcare sector. The German pharmaceutical market used to be dominated by branded medicines and reasonable profit could be realised. However, over the past few years, the government has sought to contain healthcare costs in light of the emergence of more chronic diseases and ageing population. The health insurance companies, the krankenkassen, award bulk tenders to drugmakers that charge the least for their products, resulting in a decline in the prices of off-patented medicines.

Headline Expenditure Projections

View Full Report Details and Table of Contents

- Pharmaceuticals: EUR40.02bn (US$52.82bn) in 2013 to EUR40.10bn (US$50.92bn) in 2014; 0.2% in local currency terms and -3.6% in US dollar terms.
- Healthcare: EUR296.31bn (US$391.13bn) in 2013 to EUR304.73bn (US$387.01n) in 2014; +2.8% in local currency terms and -1.1% in US dollar terms.

Risk/Reward Rating: In BMI's Q214 Pharmaceutical Risk/Reward Ratings, Germany is ranked the most attractive pharmaceutical market in the Western European region, which covers 15 key markets.

Key Trends And Developments

Aligning with BMI's view that health technology assessment and reimbursement decision-making bodies will take an increasingly hard line in 2014 when determining whether a new drug provides added value to patients in comparison with existing therapies (Germany's Institute for Quality and Efficiency in Healthcare (IQWiG) has started the new year with the publication of the results of four new assessments of medicines under the Pharmaceutical Market Restructuring Act (AMNOG)) stating that only one drug out of the four provides a minor additional benefit.

In January 2014, it was reported that Germany is seeking to employ foreign doctors to overcome a shortage of doctors. However, language barriers are complicating the delivery of healthcare. A number of healthcare groups are demanding more stringent language tests for foreign medical professionals coming into the country to facilitate better communication between doctors and patients. The percentage of foreign doctors working in the country increased to around 15% in 2012, from about 5% in 2007, according to figures from the German Medical Association.

BMI Economic View: German domestic demand will recover from a poor Q413 in early 2014, despite weaker external demand from emerging markets. We maintain our above-consensus real GDP growth forecast of 1.9% for this year, but expect growth to slow to a tepid 1.5% by 2015.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Healthcare research reports at Fast Market Research

You may also be interested in these related reports:

- Sweden Pharmaceuticals & Healthcare Report Q2 2014
- Kenya Pharmaceuticals & Healthcare Report Q2 2014
- Croatia Pharmaceuticals & Healthcare Report Q2 2014
- Mexico Pharmaceuticals & Healthcare Report Q2 2014
- Thailand Pharmaceuticals & Healthcare Report Q2 2014
- Japan Pharmaceuticals & Healthcare Report Q2 2014
- Australia Pharmaceuticals & Healthcare Report Q2 2014
- Oman Pharmaceuticals & Healthcare Report Q2 2014
- Jordan Pharmaceuticals & Healthcare Report Q2 2014
- Algeria Pharmaceuticals & Healthcare Report Q2 2014