CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Spain

CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Spain
Summary
GlobalData, the industry analysis specialist has released its latest report, “CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Spain”. The report is an essential source of information on and analysis of the healthcare, regulatory and reimbursement landscape in Spain. It identifies the key trends in the country’s healthcare market, and provides insights into its demographic, regulatory, and reimbursement landscape and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of the pharmaceutical and medical device markets. It uses data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts.
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Spain has strong healthcare infrastructure and the Spanish National Health System provides free healthcare for all citizens. In 2015, Spain spent approximately $1.2 billion on R&D, and exported approximately $11.5 billion of pharmaceuticals.
The pharmaceutical market was worth approximately $25.1 billion in 2008, and declined to approximately $23.7 billion in 2016 and is expected to reach $25.1 billion in 2021, registering a CAGR of 0.9% between 2017 and 2021. The primary reasons for this decline are the austerity measures implemented by the Spanish government.
The factors influencing the pharmaceutical market are –
– The consolidation of the biotechnology sector and an established pharmaceutical industry, which is the leading recipient of R&D spending in Spain
– Government support: The provision of financial aid for foreign technology companies
– Excellent infrastructure for innovation: The exponential growth of science and technology parks (nearly 80), research centers and institutes of technology and the incorporation of the latest technology for life science projects
– Highly qualified workforce: Large percentage of workers with post-graduate qualifications
– Favorable cost-benefit ratio of human capita: Low salaries and high demand for jobs in the scientific or biotech industry .
– The medical device market was valued at $7.8billion in 2009, and is projected to grow at a CAGR of 4.5% to an estimated $12.3 billion in 2021.
Scope
The report provides information on the healthcare, regulatory, and reimbursement landscape in Spain, and includes –
– An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and key drivers and barriers
– Profiles and SWOT analyses of the major players in the pharmaceutical market: Pfizer, Novartis, Sanofi, GSK and Merck & Co., as well as profiles and SWOT analyses of the major players in the medical device market: GSK,Baxter International, Johnson & Johnson, Svenska Cellulosa Aktiebolaget and Paul Hartmann
– Insightful review of the reimbursement and regulatory landscape, with analysis covering details of the country’s healthcare reimbursement process, regulatory agencies and the approval processes for new drugs and medical devices
– Detailed analysis of the political and economic environment, covering economic indicators, demographics, healthcare infrastructure and healthcare expenditure
– An overview of the opportunities for and challenges to growth in the healthcare market
Reasons to buy
This report will enhance your decision-making capability by allowing you to –
– Develop business strategies by understanding the trends shaping and driving the Spanish healthcare market
– Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments, and companies likely to affect the Spanish healthcare market in the future
– Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing the performance of various competitors
– Organize your sales and marketing efforts by identifying the market categories and segments that present the best opportunities for consolidation, investment, and strategic partnerships
– Identify, understand, and capitalize on the opportunities and challenges in the Spanish healthcare market
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