Thursday, May 30, 2013

Impact of Generic Reforms on Spain Pharma Industry

Data from the IMS covering the 12-month period ending December 2012 shows generic drugs accounted for 67.1% of the total prescription market by volume in Spain as against just 8.7 percent in 2010. In terms of value generic comprised  39.6% of said market value. There has been manifold expansion in penetration of generics just within a gap of 3 years.

Mercado a Precio de Generico = Generic Market by Value

Resto de Mercado de Prescription = Rest of PoM market

As a result of generic penetration, data from the Ministry of Health, Social Services and Equality shows that in January 2013, public pharmaceutical expenditure in Spain experienced a drop of - 13%, compared to the same month the previous year.

 Chart 1
Spain Pharma Market Growth Rate over the last 12 months
Gasto farmaceutico = Expenditure, Numero de recetas = Prescriptions, Gasto por receta = Expense per prescription


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