Industry Trend Analysis - Health Insurance Scheme Rollout To Boost Pharmaceutical Market Growth - SEPT 2017
BMI View: Azerbaijan ' s pharmaceutical market outlook is dependent on the successful launch of the compulsory health insurance system. This will considerably reduce the reliance on out-of-pocket payments, increasing medicine affordability and accessibility. Preference for generic and non-prescription medicines will remain prominent given the low-income nature of the population.
Healthcare Expenditure Projections
Pharmaceuticals: AZN512mn (USD317mn) in 2016 to AZN517mn (USD275mn) in 2017; +1.0% in local currency and -13.3% in US dollar terms.
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