BMI View: On account of higher-than-expected pharmaceutical sales in 2012, we have revised upwards our forecast for the market. Nevertheless, we remain of the opinion that the Estonian market will be of modest interest at best to drugmakers, due to its small overall market value. Still, an ageing population and sedentary lifestyles are contributing to the increasing cardiovascular and oncologic burden on the state healthcare system. This, in combination with base effects, means that long-term growth is expected to be significant, although the market will remain comparatively small for Central and Eastern Europe (CEE). Headline Expenditure Projections ?? Pharmaceuticals: EUR262mn …
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