BMI View: Despite the slowdown in economic growth, Chile has accelerated the pace it is improving public healthcare standards at. However, poor quality medicines still proliferate in Chile’s pharmaceutical market due to the lack of vigilance in bioequivalence regulations. Local pharmaceutical companies’ low capacity has opened doors for foreign drugmakers to enter the Chilean drug market. Headline Expenditure Projections ? Pharmaceuticals: CLP1,605bn (US$3.3bn) in 2012 to CLP1,722bn (US$3.5bn) in 2013; +7.3% in local currency terms and +5.0% in US dollar terms. ? Healthcare: CLP9,825bn (US$20.2bn) in 2012 to CLP10,498bn (US$21.1bn) in 2013; +6.8% in local currency terms and +4.5% in …
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