BMI View: Despite its small size, Myanmar’s pharmaceutical market offers drugmakers strong revenueearning opportunities. Generic and over-the-counter drug companies in particular stand to benefit, as the population’s per capita expenditure on pharmaceuticals and healthcare remains low but set to rise. However we believe that the country remains a high-risk market as a result of political risks arising from ethnic tensions, in addition to the challenging economic framework – the result of corruption and unclear regulations. Headline Expenditure Projections Pharmaceuticals: MMK241.2bn (US$280mn) in 2012 to MMK279.5bn (US$320mn) in 2013; +15.9% in local currency terms and 14.1% in US dollar terms. Healthcare: …
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