Slow Drug Market Growth Expected

BMI's proprietary Drug Expenditure Forecast Model reveals that the French pharmaceutical market will increase in value in 2009 (in local currency terms), having declined the previous year. During 2008, over-the-counter (OTC) and prescription medicine sales were EUR30.00bn, down from EUR31.00bn in 2007. In 2009, it is expected that drug sales will increase by 0.83% to reach EUR30.25bn. However, in US dollar terms, as a result of the weakening of the euro, drug sales will experience a -3.43% decline from US$44.12bn in 2008 to reach US$42.61bn in 2009.

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