Portugal's pharma market expected to grow at compound annual rate of 2.8%
Business Monitor International calculates that pharmaceutical sales in Portugal reached 3.61 billion euros ($5.31 billion) in 2008. It calculates that the sales of prescription and over-the-counter medicines will see a constant annual growth rate (CAGR) of 2.79% in local currency terms. It notes that, as a result of the weakening euro, drug market expenditure in US dollar terms will experience a decline in 2009, 2010, 2011 and 2012, before reaching a value of $5.11 billion by 2013, equating to a CAGR of -0.77%.
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