BMI View: Low growth potential in New Zealand’s pharmaceutical market will attract risk-averse investors. However, we note that regulatory delays in funding new medicines will hinder patients’ access to pharmaceuticals, constituting a downside risk for drug companies looking to sell their products in the country. Headline Expenditure Forecasts ? Pharmaceuticals: NZD1.36bn (US$1.10bn) in 2012 to NZD1.37bn (US$1.06bn) in 2013; +0.5% in local currency and -3.8% in US dollar terms. ? Healthcare: NZD21.22bn (US$17.19bn) in 2012 to NZD21.96bn (US$17.02bn) in 2013; +3.5% in local currency and -1.0% in US dollar terms.
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