BMI View: We anticipate further price erosions mechanisms will be introduced to the Finnish pharmaceutical market. Mimicking the strategy adopted by governments across Europe, Finland has identified the pharmaceuticals industry as a focus for cost containment, due to the relative ease with which governments can target the sector rather than pursuing less politically controversial cuts such as drastically reducing healthcare provision. However, an ageing population, a preference for patented medicines, ongoing government R&D investment and an excellent regulatory environment will ensure stable growth in the pharmaceutical market. Headline Expenditure Projections ? Pharmaceuticals: EUR2.92bn (US$3.70bn) in 2012 to EUR2.96bn (US$3.94bn) in …
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