Oman Pharmaceuticals & Healthcare Report

Published 22 June 2015

  • 113 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Oman Pharmaceuticals & Healthcare Report

BMI View: Growth in Oman's pharmaceutical and healthcare market s will be driven by the roll out of medical insurance schemes and the completion of two medical cities , capitalising on the increased demand for healthcare services in both the domestic and international markets. Both projects are valued at over USD1bn each and will significantly improve the level of healthcare provision in Oman.

Headline Expenditure Projections

  • Pharmaceuticals: OMR203mn (USD528mn) in 2014 to OMR217mn (USD564mn) in 2015; 6.8% in local currency and US dollar terms. Forecast broadly in line with Q 2 15.

  • Healthcare: OMR853mn (USD2.22bn) in 2014 to OMR939mn (USD2.44bn) in 2015; +10.1% in local currency and US dollar terms. Forecast downgraded slightly from Q215.

Risk/Reward Index

Oman has limited longer-term commercial potential due to its small population and the fact that the government is responsible for the bulk of healthcare costs, which will increase the need for cost containment in the coming years. In Q315, Oman scores 49.0 out of 100 in the BMI Pharmaceutical Risk/Reward Index, which has seen the country maintain its position in 10th place in the Middle East and Africa matrix out of 31 countries.

Key Trends And Developments

  • Data from the insurance sector in June 2015 indicated that claims paid by companies rose during Q115 by 36% to reach OMR39mn (USD101mn). Health insurance accounted for 22% of total direct premiums.

  • The Ministry of Health launched the National Electronic Health Record System in May 2015. The system links a patient's files in affiliated health institutions so the patient can access their medical history at anytime from anywhere.

  • Two paediatric drugs Advil and Panadol (marketed by GlaxoSmithKline) were recalled by the Ministry of Health in May 2015 due to errors in the dosage advice in their leaflets.

BMI Economic View

The pace of Omani economic activity will slow over 2015, as the continued slump in oil prices weakens business and...

BMI Industry View
7
SWOT
9
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Pharmaceutical Market Forecast
15
Table: Pharmaceutical Sales, Historical Data And Forecasts (Oman 2011-2019)
17
Healthcare Market Forecast
18
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Oman 2011-2019)
20
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Oman 2011-2019)
20
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Oman 2011-2019)
20
Prescription Drug Market Forecast
21
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Oman 2011-2019)
22
Patented Drug Market Forecast
23
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Oman 2011-2019)
24
Generic Drug Market Forecast
25
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Oman 2011-2019)
26
OTC Medicine Market Forecast
27
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Oman 2011-2019)
28
Pharmaceutical Trade Forecast
29
Table: Pharmaceutical Trade Data And Forecasts (Oman 2013-2019)
30
Table: Pharmaceutical Trade Data And Forecasts local currency (Oman 2013-2019)
31
Key Risks To BMI's Forecast Scenario
32
Macroeconomic Forecasts
34
Economic Analysis
34
Table: GCC - REAL GDP GROWTH, % CHG Y-O-Y
39
Table: Oman - Selected Infrastructure And Industrial Projects
41
Industry Risk Reward Indicies
43
Middle East And Africa Risk/Reward Index
43
Oman Risk/Reward Index
51
Rewards
51
Risks
52
Market Overview
53
Industry Trends And Developments
54
Industry Trends And Developments
54
Epidemiology
54
Communicable Diseases
54
Non-Communicable Diseases
56
Healthcare Sector
57
Table: Healthcare Resources (Oman 2009-2014)
58
Table: Healthcare Personnel (Oman 2009-2014)
58
Table: Healthcare Activity (Oman 2009-2014)
59
Public Healthcare Sector Developments
61
Private Healthcare Sector Developments
63
Table: Number Of Health Centres In Oman By Region In 2013
66
Table: Number And Type Of Health Institutions In Oman In 2013
66
Healthcare Insurance
67
Telemedicine
68
Medical Tourism
69
Research And Development
71
Clinical Trials
72
Regulatory Development
74
Regulatory Developments
75
Intellectual Property Regime
75
Regional Harmonisation
76
Pricing And Reimbursement Regime
77
Competitive Landscape
82
Domestic Pharmaceutical Industry
82
Foreign Pharmaceutical Industry
83
Pharmaceutical Distribution
85
Company Profile
86
Zynova/Oman Pharmaceutical Products Company
86
National Pharmaceutical Industries
89
Novartis
92
GlaxoSmithKline
95
Sanofi
97
Johnson & Johnson
99
Demographic Forecast
101
Table: Population Headline Indicators (Oman 1990-2025)
102
Table: Key Population Ratios (Oman 1990-2025)
102
Table: Urban/Rural Population & Life Expectancy (Oman 1990-2025)
103
Table: Population By Age Group (Oman 1990-2025)
103
Table: Population By Age Group % (Oman 1990-2025)
104
Glossary
106
Methodology
108
Pharmaceutical Expenditure Forecast Model
108
Healthcare Expenditure Forecast Model
108
Notes On Methodology
109
Risk/Reward Index Methodology
110
Index Overview
111
Table: Pharmaceutical Risk/Reward Index Indicators
111
Indicator Weightings
112

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

Key Benefits

  • Benchmark BMI's pharmaceutical and healthcare market forecasts for Oman, to test other views - a key input for successful budgeting and strategic business planning in the Omani pharmaceutical and healthcare market.
  • Target business opportunities and risks in the Omani pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Oman.
  • 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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