Kuwait Pharmaceuticals & Healthcare Report

Published 19 August 2015

  • 113 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Kuwait Pharmaceuticals & Healthcare Report

BMI View: Kuwait's pharmaceutical sector will remain dominated by multinational drugmakers given the preference for branded products among both prescribers and consumers. Development of the local generics sector will be stimulated by the implementation of cost-containment measures within the healthcare sector.

Headline Expenditure Projections

  • Pharmaceuticals: From KWD287mn (USD1.01bn) in 2014 to KWD300mn (USD1.01bn) in 2015; +4.7% in local currency terms and +0.6% in US dollar terms. Forecast unchanged from Q315.

  • Healthcare: From KWD1.56bn (USD5.49bn) in 2014 to KWD1.67bn (USD5.64bn) in 2015; +6.9% in local currency terms and +2.7% in US dollar terms. Forecast unchanged from Q315.

Risk/Reward Index

In our Q415 Pharmaceutical Risk/Reward Index Kuwait scores 53.7 out of 100. Falling from a Q315 score of 56.1, the country has dropped from its position as the third most attractive market in the region to the sixth most attractive. The burden of diabetes will continue to expand in the region as the population ages and adopts increasingly sedentary lifestyles. Increasing insurance coverage and rising income levels will lead to greater spending on diabetes, and commercial opportunities will be sought by multinational pharmaceutical companies, health insurers and providers.

Key Trends and Developments

  • The Ministry of Health announced the approval of AbbVie's hepatitis C treatment of Viekiraz (ombitasvir/paritaprevir/ritonavir) and Exviera (dasabuvir) in May 2015, less than three months after the treatment received approval from the European Commission.

  • In June 2015, leading wholesale and retail distributor of pharmaceutical and medical products Ali Abdulwahab Al-Mutawa Commercial (AAW) announced a partnership with Germany-based home healthcare specialist Medisana to distribute a new range of personal healthcare products in Kuwaiti pharmacies. The products will help individuals monitor their health independently and transfer their medical results directly...

BMI Industry View
7
SWOT
9
Political
11
Economic
13
Operational Risk
14
Industry Forecast
16
Pharmaceutical Market Forecast
16
Table: Pharmaceutical Sales, Historical Data And Forecasts (Kuwait 2011-2019)
17
Healthcare Market Forecast
18
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Kuwait 2011-2019)
19
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Kuwait 2011-2019)
19
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Kuwait 2011-2019)
20
Prescription Drug Market Forecast
21
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Kuwait 2011-2019)
22
Patented Drug Market Forecast
23
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Kuwait 2011-2019)
24
Generic Drug Market Forecast
25
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Kuwait 2011-2019)
26
OTC Medicine Market Forecast
27
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Kuwait 2011-2019)
28
Pharmaceutical Trade Forecast
29
Table: Pharmaceutical Trade Data And Forecasts (Kuwait 2013-2019)
30
Table: Pharmaceutical Trade Data And Forecasts local currency (Kuwait 2013-2019)
31
Key Risks To BMI's Forecast Scenario
31
Macroeconomic Forecasts
33
Economic Analysis
33
Expenditure Breakdown
34
Table: Economic Activity (Kuwait 2010-2019)
39
Industry Risk Reward Indices
40
Middle East And Africa Risk/Reward Index
40
Kuwait Risk/Reward Index
48
Rewards
48
Risks
49
Market Overview
50
Industry Trends And Developments
51
Epidemiology
51
Healthcare Sector
56
Healthcare Sector Developments
56
Healthcare Insurance
60
Research and Development
61
Regulatory Development
62
Regulatory Regime
62
Intellectual Property Issues
64
Pricing Regime
65
Reimbursement Regime
67
Competitive Landscape
72
Domestic Industry
72
Foreign Industry
74
Pharmaceutical Distribution
75
Company Profile
76
Pfizer
76
GlaxoSmithKline
78
Sanofi
80
Merck & Co
82
Johnson & Johnson
84
Novartis
87
Kuwait-Saudi Pharmaceutical Industries (KSP)
89
Advanced Technology Company
91
Bader Sultan & Bros
94
Safwan Trading And Contracting Company
97
Demographic Forecast
100
Table: Population Headline Indicators (Kuwait 1990-2025)
101
Table: Key Population Ratios (Kuwait 1990-2025)
101
Table: Urban/Rural Population & Life Expectancy (Kuwait 1990-2025)
102
Table: Population By Age Group (Kuwait 1990-2025)
102
Table: Population By Age Group % (Kuwait 1990-2025)
103
Glossary
105
Methodology
107
Pharmaceutical Expenditure Forecast Model
107
Healthcare Expenditure Forecast Model
107
Notes On Methodology
108
Risk/Reward Index Methodology
109
Index Overview
110
Table: Pharmaceutical Risk/Reward Index Indicators
110
Indicator Weightings
111

The Kuwait Pharmaceuticals & Healthcare Report features BMI Research's forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's Kuwait Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Kuwait pharmaceutical and healthcare industry.

Key Benefits

  • Benchmark BMI's pharmaceutical and healthcare market forecasts for Kuwait, to test other views - a key input for successful budgeting and strategic business planning in the Kuwaiti pharmaceutical and healthcare market.
  • Target business opportunities and risks in the Kuwaiti pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kuwait.
  • Assess the activities, strategy and market position of your competitors using our company profiles (including SWOTs, KPIs and latest activity) and competitive landscape tables.

Coverage

BMI Industry View

An at-a-glance perspective on the latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The pharmaceuticals and healthcare SWOT outlines strategic factors that affect the basic assumptions underpinning BMI’s forecast analysis, and taken together with BMI’s political, economic and business environment SWOTs, it gives a complete overview of market climate.

BMI Industry Forecast Scenario

Industry forecasts to end-2019 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Healthcare: Total healthcare expenditure (USDbn), healthcare expenditure (% of GDP), healthcare expenditure per capita (USD), hospital beds, doctors, and birth & mortality rates (all per ‘000 population).
  • Pharmaceutical Market: Drug expenditure in USDbn, % of GDP and per capita (USD).
  • Patented Drug Market: Prescription drug sales (USDbn & % of total sales).
  • Generic Drug Market: Generic product sales (USDbn), generic sales (% of total sales).
  • OTC Drug Market: OTC sales (USDbn & % of total sales).
  • Macroeconomic Forecasts: Nominal and real GDP, % real GDP growth, % private consumption growth, % industrial output growth, % consumer price index, % GDP price deflator, exports, imports, trade balance, current account balance, foreign direct investment, exchange rate against USD, government expenditure and external debt.

BMI’s Pharmaceuticals and Healthcare Risk Reward Index

BMI’s Risk Reward Index provides investors (both national and multinational) looking for opportunities in the region with a clear country-comparative assessment of the market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Summary

A snapshot of key market characteristics, including total size of the pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape

Industry Developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Regulatory Regime

Details of the industry regulatory framework and key legislation covering the licensing of new products/services, pricing and reimbursements, intellectual property, taxation and advertising, as well as analysis of the overall regulatory burden.

Competitive Landscape

The competitive landscape section provides comparative company analyses and index by USD sales and % share of total sales – for the total pharmaceutical sector, as well as the OTC, generics and distribution sub-sectors.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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