Indonesia pharma market forecast to grow in 2015
Today, Indonesia’s pharmaceutical market value is estimated at $6.24 billion, reflecting pharmaceutical spend of $26 per capita per annum, with national companies controlling 75% of the market share, according to a posting on the International Pharmaceutical Manufacturers Group’s website
Ethical drugs contributed 55%, or $3.2 billion, to the total market, while the over-the-counter drugs made up the remaining 41%, or $2.2 billion, notes the IPMG, which represents research-based drugmakers in Indonesia.
But ethical sector set to decline on uptake of generic
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