Cambodia Pharmaceuticals & Healthcare Report Q4 2014
Headline Expenditure Projections
Risk/Reward Rating : Cambodia's Pharmaceutical Risk/Reward Rating (RRR) score for Q414 is 32.4 out of the maximum 100 in our newly improved RRR system. The country scored below average for almost all indicators and sub-indicators including overall market expenditure, sector value growth and pensionable population. Consequently, with this low score, Cambodia ranks second-to-last out of the 19 key markets in Asia Pacific, ahead of Myanmar.
- Pharmaceuticals: KHR821.7bn (USD204mn) in 2013 to KHR908.9bn (USD227mn) in 2014; +10.6% in local currency terms and +11.2% in US dollar terms. Forecast slightly downgraded from previous quarter.
- Healthcare: KHR3,260.6bn (USD810mn) in 2013 to KHR3,467.0bn (USD870mn) in 2014; +6.3% in local currency terms and +6.9% in US dollar terms. Forecast unchanged from previous quarter.
Key Trends And Developments
BMI Economic View: Despite the unexpected drop in tourism arrivals in June, which marked the first decline since 2009, we continue to see significant potential in Cambodia's tourism industry, which should provide considerable support to overall economic growth. Improving infrastructure and...
- In September 2014, IRIN (part of the UN) stated that artemisinin-resistant strains on the Thailand-Cambodia border threaten the treatment's efficacy and pose containment challenges.
- In June 2014, the country reported 616 dengue fever cases between January and May 2014 - an 83% decline from 3,541 cases recorded in the same period of 2013. Dengue killed three children in the period January to May 2014, down from 19 deaths for the same period in 2013, stated Ngan Chantha, Director of Dengue Control Program at the Ministry of Health.
The Cambodia Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'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 Cambodia Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Cambodian pharmaceutical and healthcare industry.
- Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for Cambodia to test other views - a key input for successful budgeting and strategic business planning in the Cambodian pharmaceutical and healthcare market.
- Target business opportunities and risks in the Cambodian pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Cambodia.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
BMI Industry View & Industry SWOT
An at-a-glance perspective on latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The SWOT outlines strategic factors which affect BMI's forecast analysis, and taken together with BMI's political, economic and business environment SWOTS, it gives a complete overview of market climate.
Snapshot of key market characteristics, including total size of pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape.
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 an analysis of the overall regulatory burden.
Focus on government healthcare reforms, epidemiological trends, company M&As, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.
BMI Industry Forecasts
Forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:
Healthcare: Total healthcare expenditure (US$bn), healthcare expenditure (% of GDP), healthcare expenditure per capita (US$), hospital beds (per `000 population), doctors (per `000 population), birth and mortality rate (per `000 population)
Pharmaceutical market: Drug expenditure (US$bn), drug expenditure (% of GDP), drug expenditure per capita (US$)
Patented drug market: Prescription drug sales (US$bn), prescription sales (% of total sales), sales broken down by 14 therapeutic areas (cardiovascular, anti-infectives etc.)
Generic drug market: Generic product sales (US$bn), generic sales (% of total sales)
OTC drug market: OTC sales (US$bn), OTC sales (% of total sales), sales broken down by product types (analgesics, skin treatments, vitamins and minerals etc.)
Medical Devices: Medical device sales (US$bn), medical device sales (% of total healthcare market)
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 US$, government expenditure, external debt.
The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.
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.
The current lack of investment in healthcare in Cambodia will continue to deter foreign pharmaceutical firms from entering the country . Consequently, we highlight that Cambodia will remain one of the least attractive markets in South East Asia.
BMI Industry View
Pharmaceutical Market Forecast
Table: Pharmaceutical Sales, Historical Data And Forecasts (Cambodia 2010-2018)
Healthcare Market Forecast
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Cambodia 2010-2018)
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Cambodia 2010-2018)
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Cambodia 2010-2018)
Pharmaceutical Trade Forecast
Table: Pharmaceutical Trade Data And Forecasts (Cambodia 2012-2018)
Table: Pharmaceutical Trade Data And Forecasts local currency (Cambodia 2012-2018)
Key Risks To BMI's Forecast Scenario
Industry Risk Reward Ratings
Asia Risk/Reward Ratings
Cambodia Risk/Reward Ratings
Industry Trends And Developments
Research & Development
Intellectual Property Issues
Pricing And Reimbursement
PharmaProduct Manufacturing (PPM)
Cambodia Pharmaceutical Enterprise
Table: Cambodia's Population By Age Group, 1990-2020 ('000)
Table: Cambodia's Population By Age Group, 1990-2020 (% of total)
Table: Cambodia's Key Population Ratios, 1990-2020
Table: Cambodia's Rural And Urban Population, 1990-2020
Pharmaceutical Expenditure Forecast Model
Healthcare Expenditure Forecast Model
Notes On Methodology
Risk/Reward Ratings Methodology
Table: Pharmaceutical Risk/Reward Ratings Indicators
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