Research and Markets: Bahrain's Pharmaceutical Market Is Well Developed, But The Small Size Serves To Limit Its Attractiveness To Foreign Drug-makers.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c87242) has announced the addition of "Bahrain Pharmaceuticals & Healthcare Report Q1 2008" to their offering.The Bahrain Pharmaceuticals and Healthcare Report provides independent forecasts and competitive intelligence on Bahrains pharmaceuticals and healthcare industry. Bahrain's pharmaceutical market is well developed, but the small size serves to limit its attractiveness to foreign drugmakers. The market was worth an estimated US$58.3mn in 2007 and it should experience GDP-beating growth, driven by a growing non-communicable disease A non-communicable disease or NCD is a disease which is not infectious. Such diseases may result from genetic or lifestyle factors. Those resulting from lifestyle factors are sometimes called diseases of affluence. burden and continued reliance on imported patented drugs, to reach US$83.8mn by 2012. The small market size is generally cited as Bahrain's biggest drawback DRAWBACK, com. law. An allowance made by the government to merchants on the reexportation of certain imported goods liable to duties, which, in some cases, consists of the whole; in others, of a part of the duties which had been paid upon the importation. by pharmaceutical manufacturers. A population of just 800,000 means this problem is unavoidable. However, it is being mitigated by growing integration between members of the Gulf Co-operation Council (GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). ). Goods and labour can increasingly flow freely between member states reducing the problems of a small domestic market for drugmakers. Having said this, the author maintains its view that pharmaceutical traffic will continue to be predominantly one way - into Bahrain. Domestic manufacturing remains underdeveloped un·der·de·vel·oped adj. Not adequately or normally developed; immature. due to limited investment and the population's preference for high-tech treatments, which traditionally require too great an investment for the limited returns promised by the country's small drug market. The flow of healthcare services should be more balanced. While the government is committed to sending patients abroad for treatment if they can receive better care than at home, heavy investment in the country's health infrastructure continues. In November 2007, it emerged that Bahrains Ithmaar Bank is to build a US$1.6bn 'health island', which could develop along the same lines as the UAE's Dubai Healthcare City The Dubai Healthcare City (DHCC) is one of the numerous specialised 'cities-within-a-city' in Dubai targeted at the healthcare and the pharmaceutical industries. Owned and developed by Dubai Holding under its subsidiary Tatweer, this US $ 1. (DHCC DHCC Dubai Healthcare City DHCC Deployment Health Clinical Center DHCC Delaware Health Care Commission DHCC Deaf-Hearing Communication Centre ). The island will not be operational until at least 2011, but should attract attention from local and domestic patients when it is completed. For Q108, the author has overhauled its Business Environment Ratings. Under the new system Bahrain is ranked equal fourth out of 14 Middle East and Africa (MEA MEA Multiple endocrine adenomatosis. See Multiple endocrine neoplasia. ) markets surveyed. The strong showing is due to one of the most reliable regulatory environments in the region and a stable country risk outlook. The country's obesity and diabetes epidemics look set to intensify as the population continues its path towards sedentary lifestyles
Sedentary lifestyle is a type of lifestyle most commonly found in modern (particularly Western) cultures. It is characterized by sitting or remaining inactive for most of the day (for example, in an office. and Western diets. Consequently, the highest growth should be seen in the cardiovascular and metabolic drug segments. These will maintain the dominance of prescription drugs prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, and in particular patented varieties over the forecast period. Companies Mentioned: - Al-Jishi Corporation - Bahrain Industrial Pharmaceutical Co (Bidapharm) - Behzad Medical Establishment - GlaxoSmithKline - Johnson & Johnson - Merck & Co - Novartis - Pfizer - Sanofi-Aventis - Yousuf Mahmood Husain Company For more information, visit http://www.researchandmarkets.com/reports/c87242 |
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