Italy’s pharma industry set to shrink to $18.6 billion by 2020
The pharmaceutical industry in Italy is set to decline from $21.3 billion in 2016 to $18.6 billion by 2020, at a negative compound annual growth rate of 3.3%, primarily due to the country's struggling economy.
According to Research and Markets latest report, "CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Italy, "strict pricing of drugs through negotiations and external and internal reference pricing is a barrier to the launch of innovative molecules, and that sales of generics and over-the-counter drugs will increase over the forecast period.
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