BMI View: Denmark’s pharmaceutical market is small compared with those of its Western European neighbours. However, BMI believes the country’s high public expenditure on health, stringent regulatory climate (recognised by the US and the EU) and stable, transparent business environment are major factors that make it an attractive location for drugmakers in which to set up operations. Headline Expenditure Projections ? Pharmaceuticals: DKK20.48bn (US$3.54bn) in 2012 to DKK20.21bn (US$3.61bn) in 2013; -1.3% in local currency terms and 2.0% in US dollar terms. ? Healthcare: DKK203.30bn (US$35.11bn) in 2012 to DKK208.23bn (US$37.17bn) in 2013; +2.4% in local currency terms and +5.9% …
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