Strong growth forecast for Taiwan pharmaceuticals market
Taiwan has an attractive pharmaceutical market, aided by its close proximity to China, which is probably the world's most attractive emerging pharmaceutical market, says a new report from Business Monitor International.
Patented drugs account for over 60% of the total market's value - some are manufactured locally, but the majority are imported from Western Europe, the USA and Japan. The over-the-counter (OTC) sub-sector is under-developed due to widespread and generous Bureau Pof National Health Insurance (BNHI) reimbursement for patented products.
Headline expenditure projections:
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