India, China and Brazil are fastest growing pharmaceutical markets to 2012 says new report


The report Global Pharmaceutical Industry Outlook Survey 2011–2012 provides category-level expenditure outlooks, budgets, business challenges, supplier selection criteria, and investment opportunities of top level purchase decision makers. The report also analysis future growth of buyers and suppliers, M&A and e-procurement.

China, India and Brazil are forecast to be the quickest growing markets among developing countries for the pharmaceutical industry. An aging population, expanding healthcare insurance coverage, growth of chronic diseases and increasing investment in rural healthcare services are key drivers for this growth.

The bulk of the pharmaceutical companies analysed in this report will be raising procurement spending over the next 12 months. The mean size of the yearly procurement budgets of pharmaceutical manufacturing companies is $110 million.

Overall, 44% of the reports respondents from pharmaceutical industry buyers agree that in order to maintain and win their business, suppliers will have to engage in partnerships to boost working capital and reduce costs. View the Report

 

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