Philippines tax reforms will open new opportunities for Indian pharma, say analysts
The introduction of the Universal Health Care (UHC) Act coupled with business and corporate tax regulatory reforms in the Philippines is likely to open up new avenues for the Indian pharma industry, according to a new analysis.
GlobalData’s report, ‘ CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Philippines,’ reveals that the pharmaceutical market in the Philippines is expected to grow at a compound annual growth rate (CAGR) of 4.65% to reach 241.9 billion Philippines pesos ($3.7 billion*) in 2025.
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