Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which forecasts that growth in the pharmaceutical market in Brazil, Russia, India and China (BRIC) will be slow, but steady.
The Market for Pharmaceuticals in Brazil, Russia, India & China describes expansion in these regions as evolution rather than revolution. While the report takes into account that these are rapidly emerging economies, which in 2006 represented a market of over 2.7 billion people and a combined GDP of $5.2 trillion, it also notes that the BRIC countries’ total projected health expenditure in 2006 was estimated at US$266.2 billion. This sum is equivalent to what Germany spent on healthcare on its own and it overshadowed by the sum the U.S. spent on healthcare in the same time frame - $2.1 trillion.
Continue reading “Wealthy Urban Populations Keep Pharmaceutical Market Growing in Brazil, Russia, India and China” »