Qatar Pharmaceuticals & Healthcare Report

Providing expert analysis, independent forecasts and competitive intelligence on the pharmaceuticals and healthcare industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Pharmaceuticals and Healthcare Risk Reward Index, Market Summary, Economic Forecasts, Company Profiles and Competitive Landscape.

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Qatar Pharmaceuticals & Healthcare Report
Product Price
$1,295.00

BMI View: Healthcare infrastructure expansion will continue to support rising demand for medical treatment in Qatar over the next 10 years . However, as the recent era of lower oil prices continues to weigh on government revenues, a slowdown in public investment in healthcare capital projects will moderate the pace of sector development. Although we do not expect significant cuts on social spending , the Qatari government will continue to rationalise spending over the coming years, which will translate in the implementation of mandatory health insurance in 2017, as well as pharmaceutical pricing pressure reflecting GCC price harmonisation efforts.

Headline Expenditure Projections

  • Pharmaceuticals: QAR1.91bn (USD520mn) in 2015 to QAR2.03bn (USD560mn) in 2016; +6.4% in local currency and US dollar terms. Forecast in line with last quarter .

  • Healthcare: QAR17.55bn (USD4.82bn) in 2015 to QAR18.53bn (USD5.09bn) in 2016; +5.6% in both local currency and US dollar terms. Forecast broadly in line with last quarter .

Headline Pharmaceuticals & Healthcare Forecasts (Qatar 2014-2020)
2014 2015 2016f 2017f 2018f 2019f 2020f
f = BMI forecast. Source: World Health Organization (WHO), BMI
Pharmaceutical sales, USDbn 0.490 0.520 0.560 0.590 0.630 0.670 0.710
Pharmaceutical sales, % of GDP 0.23 0.34 0.36 0.31 0.29 0.28 0.26
Pharmaceutical sales, % of health expenditure 10.8 10.9 11.0 11.0 11.0 11.0 11.0
Health spending, USDbn 4.570 4.820 5.090 5.390 5.710 6.070 6.470

Risk/Reward Index

In Q416, Qatar's Risk/Reward Index score remains unchanged at 52.4 out of a maximum of 100. Qatar is ranked sixth out of 31 countries monitored in the Middle East and Africa region in terms of market attractiveness to pharmaceutical investors. Qatar's score is driven by high spending per capita on medicine and high sector value growth, but is dragged down by a small market size and a small pensionable population.

Latest Updates

  • In August 2016, the Private Engineering Office (PEO) confirmed that three high-quality hospitals under advanced stages of completion, each with a capacity of 120 beds, will be added to Qatar's healthcare system by the beginning of 2017.

  • The Hamad Medical Corporation (HMC) is observing an expansion programme which will see the development of several new hospitals, creating more than 1,100 new hospital beds, before the end of December 2017 (The Peninsula).

  • Also in August, a mobile breast screening unit was launched in Doha as part of a national campaign to promote screening for breast and bowel cancer, with media reports highlighting that breast cancer is the most common form of cancer in Qatar - accounting for 31% of cancer cases in women (Doha News).

  • As of information reported in July 2016, TPP's SystmOne clinical system will be implemented in Qatar over the next five years, allowing for an integrated electronic medical record to be shared across the country.

BMI Economic View

Like other GCC states, Qatar has entered a protracted period of slower economic growth, as low hydrocarbon prices impact business confidence, domestic liquidity, and government spending. Nevertheless, Qatar will withstand the ongoing slump in the oil market better than its neighbours on the back of ongoing massive investments in infrastructure projects for the FIFA 2022 World Cup.

BMI Political View

Qatar will remain in one of the strongest fiscal positions in the world over the next decade. The budget will turn back to surplus in 2017, despite oil prices remaining low, and Qatar will continue to hold massive financial buffers through its sovereign wealth fund. However, against a backdrop of lower revenues the Qatari government will continue to rationalise spending. Expatriates are expected to bear the brunt of fiscal consolidation reforms, given that the Qatari government will attempt to shield its citizens as much as possible from austerity measures to secure political stability and support for the monarchy.

BMI Industry View
7
Table: Headline Pharmaceuticals & Healthcare Forecasts (Qatar 2014-2020)
7
SWOT
9
Industry Forecast
11
Pharmaceutical Market Forecast
11
Table: Pharmaceutical Sales, Historical Data And Forecasts (Qatar 2012-2020)
13
Healthcare Market Forecast
14
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Qatar 2012-2020)
17
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Qatar 2012-2020)
18
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Qatar 2012-2020)
18
Prescription Drug Market Forecast
19
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Qatar 2012-2020)
20
Patented Drug Market Forecast
21
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Qatar 2012-2020)
22
Generic Drug Market Forecast
23
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Qatar 2012-2020)
24
OTC Medicine Market Forecast
25
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Qatar 2012-2020)
26
Pharmaceutical Trade Forecast
27
Table: Pharmaceutical Trade Data And Forecasts (Qatar 2014-2020)
29
Table: Pharmaceutical Trade Data And Forecasts local currency (Qatar 2014-2020)
29
Industry Risk/Reward Index
30
Middle East and Africa Risk/Reward Index - Q3 2016
30
Qatar Risk/Reward Index
38
Rewards
38
Risks
39
Regulatory Review
40
Intellectual Property Issues
44
Pricing And Reimbursement Regime
44
Market Overview
48
Healthcare Sector
49
Table: Healthcare Resources (Qatar 2010-2015)
53
Table: Healthcare Personnel (Qatar 2010-2015)
53
Table: Healthcare Activity (Qatar 2010-2015)
54
Research & Development
58
Clinical Trials
60
Epidemiology
60
Competitive Landscape
63
Research-Based Industry
63
Table: Multinational Company Activity
65
Pharmaceutical Distribution & Retail Sector
66
Company Profile
67
Ebn Sina Medical
67
Medicare Group
69
Qatar Pharma
71
Demographic Forecast
73
Table: Population Headline Indicators (Qatar 1990-2025)
74
Table: Key Population Ratios (Qatar 1990-2025)
74
Table: Urban/Rural Population & Life Expectancy (Qatar 1990-2025)
75
Table: Population By Age Group (Qatar 1990-2025)
75
Table: Population By Age Group % (Qatar 1990-2025)
76
Glossary
78
Methodology
80
Pharmaceutical Expenditure Forecast Model
80
Healthcare Expenditure Forecast Model
80
Notes On Methodology
81
Risk/Reward Index Methodology
82
Index Overview
83
Table: Pharmaceutical Risk/Reward Index Indicators
83
Indicator Weightings
84

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

Key Benefits

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