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Sri Lanka Pharma Market Outlook 2015: More beyond Importers & Distributors

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With the recent development, Sri Lankas aim of developing a pharma industry should be to penetrate the global market since the internal market is not sufficient for any big firm to operate at optimum levels. According to a report published by Indian Council on International Relations in Dec. 14, the global market of pharma is about $1trillion, and Indias export of pharma products in 2013 amounted to $13bn, where as Sri Lanka was nil. Hence, pharma industry offers a very valuable opportunity for Sri Lanka to diversify its manufacturing and export base and thereby reach the goal of upper middle income country by 2020 and a rich country by 2035.

Sri Lankas free healthcare policy practiced by successive governments ensures that this arena continues to be dominated by the government sector. Meanwhile, the relatively smaller public counterpart, i.e. the private sector has increasingly contributed towards serving the healthcare needs of the country. Sri Lankas total expenditure on health has increased by ~11%, CAGR (2005-2010), and this has been driven by both private- (+12%) and government-sector (+10%) spending. Notwithstanding the state sectors dominance, private sector expenditure on health has continued to rise, contributing an estimated 55% to total expenditure.

In this report, we highlight the economy, demography, past and emerging trend of pharma industry, and availability of basic resources. This report also provides current disease prevalence and incidence along with the countrys healthcare system and also discuss about future market opportunities. Furthermore, the report explains current medical supply and product accessibility in Govt. and Private sectors along with physicians prescribing pattern and price control. Local manufacturing and role of Govt. support to local manufacturers, regulatory and insurance framework are also discussed in this report.
Table-1: Type of Institutions and Availability of Patients Beds
Table-2: Fund Allocation for Pharmaceutical Purchase
Table-3: Observation from the Study of SPC-DHS Supply Tender
Table-4: Testing at the NDQAL
Table-5: Sri Lankas Medical & Pharmaceutical Import
Table-6: Country Wise Market Imports
Table-7: Number of Products Manufactured Locally
Table-8: Top 20 Companies in the Private Market- Sri Lanka
Table-9: Drug Products Registered With CDDA
Table-10: Sri Lanka CDDA Drug Approval Timeline

List Of Tables

Figure-1: Distribution of Years of Life Lost By Causes
Figure-2: Risk Factors and Determinants of NCDs
Figure-3: Sri Lanka: Total Pharmaceutical Market
Figure-4: IMS Data 2013: Therapy Areas, By Volume & Value
Figure-5: Future Growth 2012-2020: Therapy Areas, By Value


List Of Figures

Table-1: Type of Institutions and Availability of Patients Beds
Table-2: Fund Allocation for Pharmaceutical Purchase
Table-3: Observation from the Study of SPC-DHS Supply Tender
Table-4: Testing at the NDQAL
Table-5: Sri Lankas Medical & Pharmaceutical Import
Table-6: Country Wise Market Imports
Table-7: Number of Products Manufactured Locally
Table-8: Top 20 Companies in the Private Market- Sri Lanka
Table-9: Drug Products Registered With CDDA
Table-10: Sri Lanka CDDA Drug Approval Timeline

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Reports Details

Published Date : Jan 2015
No. of Pages :29
Country :Sri Lanka
Category :Healthcare
Publisher :MP Advisors
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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