Pharmaceutical Market Forecast Revised Upwards

BMI View: Australia's pharmaceutical market is increasingly rational and unlike most of those in developed economies. Medicine spending as a percentage of GDP in 2009 was 0.80%, which is below Sri Lanka (0.81%) and the same as Saudi Arabia. Per-capita expenditure on pharmaceuticals is expected to reach US$394 in 2010. This is comparable with the Czech Republic (US$395) and Kuwait (US$390).

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