Myanmar pharmaceutical market pdf. Myanmar Printing Market Synopsis.
Am J Bioeth. 5 Myanmar Pharmaceuticals Market Opportunity Assessment, By Mode of Purchase, 2021 & 2028F. CHAPTER 3 PHARMACEUTICAL INDUSTRY IN MYANMAR 24 3. We expect the Myanmar economy to grow by 2. • In 2019, the pharmaceutical industry spent $83 billion dollars on R&D. 687 billion to USD 145. Furthermore, the medical devices market in Thailand reached a valuation of $6. Until 2024, the tea market in Myanmar is forecast to reach 767. 1 billion in 2023 and is projected to achieve an AAGR of 3% during 2025-2028. PRODUCT RECALL AND MOCK RECALL PROCEDURE ₹ 400. Factors such as increasing digitalization, rising disposable income levels, higher literacy rates, and improved access to technology are driving growth in the Myanmar printing industry. The factory was founded in 1954 and Producing-Wide range of pharmaceutical products including Tablet, Capsule, Oral Liquids, Ointments, Lotion, Sterile Products, Injection, Infusion and Biological Products (Vaccine and Snake Ant ivenom). 76% (2024-2029) resulting in a market volume of US$55. The pharmaceutical market size was $456 million in 2017 and is expected to reach $1. ASEAN region is considered as “Emerging market” for pharmaceutical export and bilateral trade. Oct 4, 2022 · Contacts. Spending on R&D and Its Results. 4 billion, making it the second-largest in Southeast Asia, trailing only behind Indonesia. The standard pathway for entering these markets for a foreign-born manufacturer, typically one based in Western Europe, Israel or North America was to purchase or negotiate a business deal with a domestic venture with certain influence. Business Monitor International, “Myanmar Pharmaceuticals and Healthcare Report Q3 2013", accessed Sept. Packaging plays a crucial role in various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods. It is vital for pharmaceutical industry to cope with the ion requirements in the form a dossier for market authorization. pharmaceutical active substances and excipients, were approved by the WHO Expert Committee on Specifications for Pharmaceutical Preparations in 1992, 1997, and therafter. Apr 16, 2014 · Myanmar pharma generic market is going through rapid changes. It not only ensures the safety and preservation of products but also serves as a marketing tool to attract customers. Myanmar's pharmaceutical market growth will continue to remain weak as the civil war drags on. 8% from 2023 to 2028. COUNTRY AT A GLANCE. The market report further discusses the key sectors in the construction market and their drivers. Aug 1, 2024 · The Myanmar's tea market contracted rapidly to less than $0. Burma imports about 80 percent of its pharmaceutical products from other countries. India is the top importer of pharmaceutical formulations to Myanmar, making up 34% of Evercare Pharma is a leading pharmaceutical company dedicated to improving healthcare in Myanmar. Questions? +1 (202) 335-3939. 20, Mingyi Mahar Min Gaung Road, Industrial Zone (3), Hlaing Thar Yar City of Industry, 11401, Yangon, Myanmar. 16 million USD (in retail prices), thus increasing at a CAGR of 7. The value of Africa’s pharmaceutical industry jumped to $20. rely on foreign imports. Market Overview Ghana’s pharmaceutical market will continue to grow in the coming years, supported by Apr 30, 2022 · The healthcare industry in general, and the prescription drug industry, in particular, employs an unusual combination of marketing and promotional efforts to influence the doctors who write the Jan 1, 2023 · Request PDF | On Jan 1, 2023, Win Naing Soe and others published The influence of HRM practices on employee retention in pharmaceutical industry in Yangon, Myanmar | Find, read and cite all the Jun 2, 2020 · Role of industry-academia collaborations to further enhance innovation in pharma industry has been discussed and a working hypothesis to this affect has been proposed. 49% (2024-2029) resulting in a market volume of US$335. May 12, 2017 · D. The rise of the pharmaceutical industry in Bangladesh is attributed to the Drug Ordinance of 1982. 1. developing a pharmaceutical industry. Article PubMed Google Scholar Dana J, Loewenstein G. 37 Measures and initiatives to prepare for the loss of the TRIPS waiver Apr 9, 2024 · Myanmar is a least developed country, with the lowest GDP per capita among ASEAN countries. The total pharmaceutical expenditure has increased Local manufacturers dominate the industry, enjoying about 90% market share while multinationals hold 10%. ABSTRACT: The ASEAN pharmaceutical market has experienced strong growth and a rise in the regional standard of living which have made it Pharmaceutical market represents huge potential for companies looking to expand operations. Getz Pharma commenced operations in Myanmar in 2008. Jun 2, 2022 · Findings. et al. • The manufacturing side of the pharmaceutical industry is expected to receive an even greater boost. The pharma market in India is expected to grow by over a 10 percent compound annual growth rate in the coming three to five years. Contact us today to discover how we can support your healthcare THET PAING SOE is one of the experienced pharmaceuticals marketing and distribution companies dedicated to the availability of quality pharmaceuticals products in Myanmar. ₹ 200. Population Life expectancy GDP (in 000s)1 at birth (per capita in (in years)2 current US$)3. In sharp contrast Aug 24, 2023 · Employee retention has become a critical competitive advantage in the execution of corporate goals. Mar 7, 2023 · Thailand have government owned pharma companies such as Defense Pharmaceutical Factory, and Government Pharmaceutical Organization (GPO). Growing healthcare expenditures bring opportunities for pharma, but change also brings new complexities and challenges. Originated Country Percentage of Myanmar Pharmaceutical Market(%) 1 India 35 2 Bangladesh, China, Thailand, Indonesia, 40 Pakistan and Apr 28, 2023 · Pharmaceutical Products & Market; Download as PDF, XLS, PNG and PPT; Production volume of pharmaceutical tablets in Myanmar from 2010 to 2018 (in millions) [Graph], Ministry of Defence in global pharmaceutical spending of ~34%, followed by Asia Pacific with a market share of ~31% and Europe with a market share of ~23%. Indian generic drug manufacturers are also hugely popular and accepted in Myanmar. Wider competition in pharma manufacturing across the region adds to the mix creating a dynamic environment to which industry players must adapt. Aging population in developing countries, amplified focus on elderly and pediatric patients, high The formost and largest Pharmaceutical Factory in Myanmar interms of production capacity. About the Author Jane Wan is a freelance writer based in Singapore. According to market research agencies the total pharmaceutical expenditure in Myanmar has been growing at 11-12% per annum, and has increased from USD 390 million in 2014 to USD 440 million in 2015. The OTC Pharmaceuticals market in Myanmar is projected to grow by 7. May 19, 2023 · Key View. The understanding of the registrations & regulatory requirements of this region can be beneficial for pharmaceutical export. Pharmaceutical Companies in Myanmar. Myanmar Pharmaceutical and Medical Device Manufacturer Association (MPMDMA) was established in April 2018 with the permission from the Ministry of Planning and Finance in their announcement letter (SaBa/Si/Khant - 1/1 (3124/2018)) dated 26th April 2018 with the official registration number 187/2018/19(AhThin). This is why we develop customized and integrated solutions for your business success across Asia. FAME Pharmaceuticals is a pharmaceutical industry producing natural and organic medicine since 2002. As a result, consumption reached the peak level of $13M. 00. The commercial significance of markets is increasing globally. 10 Myanmar Pharmaceuticals Market - Competitive Landscape Jul 8, 2024 · Myanmar Drugs & Pharmaceutical Industry News Service from EIN News. 691 billion, with an increase of 2. 6% from 2021 to 2027. Jun 15, 2021 · The Indian pharmaceuticals market is the third largest in terms of volume and thirteenth largest in terms of value. Office : +95 (1) 685 083, Generic selectors The Myanmar skin care products market size was valued at $ 272. 48 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7. The Indian pharmaceutical industry as Myanmar1 accounting for about 27% of Myanmar total export, around 2. Pharmaceuticals in Myanmar – Law and Procedure Thida Aye* and James Finch** This article considers the National Drug Law, 1992, of Myanmar or Burma. By 2009, the list expanded to contain 341 items (243 essential, 98 complementary). Myanmar launched the production of Myancopharm COVID-19 vaccines here on Wednesday at Myanmar Pharmaceutical Industry in collaboration with China. In 1979, Myanmar developed and established the National List of Essential Medicines (EML) comprising of 254 items (122 essential, 132 complementary). The objective of this study is to assess perceived influence of pharmaceutical marketing mix strategies on physicians’ prescribing behaviors in hospitals Oct 2, 2013 · Health Intelligence Asia, “Healthcare in Myanmar 2013—Myanmar Pharmaceutical Market & Devices Market Survey Report,” accessed Sept. It plans to make 193 different pharmaceutical products worth K60 billion in 2019, Ko Ko Aung said. 5% in FY2024, but that would still leave output 20% below where it was in FY2020, before the economy started contracting due to Covid-19 and the civil war. 1 China's pharmaceuticals market expected to see strong growth overall Observers such as the Economist Intelligence Unit (EIU) and IMS Health are unanimously upbeat about the prospects for China's pharmaceutical market, and the view extends to all points along the value chain (Figure 2), although the growth pace for each one may vary slightly. 11% (2024-2029) resulting in a market volume of US$226. price negotiation, and prequalification of suppliers and products) and what functions locally by hospitals, regions and states. 3 billion in 2020. 6 1162. 22m in 2029. It has established itself as a global manufacturing and research hub. Myanmar’s economy has been stagnating since the onset of an internal military conflict in 2021. Tel. Introducing over 100 different line of products Manufactured by Therapeutic Goods Administration (TGA) and WHO GMP certified Factory in Sydney, Australia and India to fulfill Myanmar market needs, Zifam Myanmar becomes one of the leading, fast growing and a professionally managed pharmaceutical marketing company in Myanmar. No. 79% (2024-2029) resulting in a market volume of US$93. 00 Current price is: ₹350. defined by the World Health Organization (WHO), to mean a pharmaceutical Email: bioequivalence. There are more than 100 pharmaceutical distributors currently operating in Burma. Looking into 2024, the country is The Myanmar Chamber of Commerce for Pharmaceutical & Medical Device was founded on 2nd April 1999 as a non-governmental Organization (NGO) under the guidance of the Union of the Myanmar Federation of the Chambers of Commerce and Industry (UMFCCI) by following top government officials’ direction to improve healthcare services for people with GLENMARK PHARMACEUTICALS LTD. 1 billion by 2023. Feb 1, 2024 · The market is attracting foreign pharmaceutical companies and is dominated by imports. 9% against the previous year. ; PREPARATION AND REVIEW PROCEDURE OF ANNUAL PRODUCT QUALITY REVIEW (APQR)/ PRODUCT QUALITY REVIEW (PQR) ₹ 300. The FAME Pharmaceuticals Industry was used in the study. Strategic partnerships were formed between large pharmaceutical companies and small bio-technology firms. Set Up FREE Account Submit Release. Myanmar Chamber of Commerce for Pharmaceutical & Medical Device. Vietnam, Laos, Myanmar and Cambodia was establish in 1967 to promote pharmaceutical market in ASEAN countries. T ASEAN leaders have agreed on the establishment of a single market and the he adoption of the ASEAN Pharmaceutical Regulatory Policy (APRP) by the ASEAN Economic Ministers and ASEAN Health Ministers, in 2022, marks a significant milestone in ASEAN’s ambitious goals of integrating the market for pharmaceutical %PDF-1. With the support of our management team, affiliated marketing team, operational excellence and strong industry network, we strive to provide customer satisfaction to meet unmet market needs: making pharmaceuticals, nutraceuticals and OTC products accessible to the Myanmar and global market. More than 70 items have already […] Myanmar View Products. (+95) 1 231 4834, 231 6205, 09 - 403 366 882, 09 - 403 366 883, 09 - 420 901 003. Like pharmaceuticals, the industry is relatively mature and made up of a few major players. This created a market for the local firms for simple generic formulations which were earlier imported or manufactured by the foreign firms. 9. The Pharmaceuticals market [geoPrepName] is projected to grow by 3. office@mccpmd. The tea market in Myanmar was equal to 302. May 12, 2017 · Myanmar pharmaceutical profile 2017. G. It also has drawn a comparative statement on various approaches for harmonization of registration requirement for pharmaceuticals. S. Here’s what’s driving that strength and how companies should react. It has been through a lot of turmoil– from a conservative approach of government in this field to a free medication for all approach. 1 in 2023, dropping by 99. MPIE has a domestic market share ranging between 3% and 10%. Adjusted for inflation, Country's pharmaceutical market is valued at USD 456 Million in 2017. About 40% of the population is living below the national poverty line in 2022. Learn more about our milestones and history as a premier pharmaceutical company. Chapter 1 (“Main principles for pharmaceutical products”) includes the core GMP guidelines, as well as GMP guidance texts for the heating, ventila- Market Authorization/ Licensing/Quality Assurance Medicine Patient Medicine Selection Medicine Procurement Pricing and Reimbursement Distribution National regulatory authority18: Department of Food and Drug Administration (DFDA) The Pharmaceuticals market [geoPrepName] is projected to grow by 3. org Sep 30, 2018 · Thailand’s pharmaceutical market size. Information on Development Studies Data on the development studies conducted to establish that the dosage form, formulation, Aging populations are transforming pharmaceutical markets in Southeast Asia. 4 Myanmar Pharmaceuticals Market Opportunity Assessment, By Drug Classification, 2021 & 2028F. Overall, consumption recorded a noticeable decline. Myanmar’s healthcare sector is provided by both the private and public sectors, majority supplies . 7 million people, in high-skill areas like R&D and manufacturing7. The Pharmacies market in Myanmar is projected to grow by -3. It discusses the forces of rivalry, risk of new entry, bargaining power of buyers and suppliers, and potential substitutes. F. ₹ 350. Myanmar Pharmaceutical Market Percentage of Total Sale (%) 1 Yangon and Mandalay Market 60 2 Other markets except Yangon and Mandalay 40 Source: Report of Medipower, 2012 Sr. Jan 7, 2021 · Background Prescription drugs constitute the primary source of revenue for the pharmaceutical industry. 3 Pharmaceutical Market of Myanmar 27 3. 00 Current price is: ₹200. All gifts large and small: Toward an understanding of the ethics of pharmaceutical industry gift-giving. Jun 28, 2019 · D. From the data analysis and results, “Impact of political factor,” “Delay in import process” and “Weak internet connection,” and “Weak knowledge of the use of digital platform,” “Poor information sharing in online by employees” and “Information flow from top management to operational level” have been identified as top and bottom three key challenges, respectively. Dec 17, 2021 · Global pharmaceutical companies and foreign direct investment in Asia. Over the past decade, China’s pharmaceutical industry has made drug innovation a top priority. UMFCCI Office Tower No. In sharp contrast period relating to pharmaceutical even if the country graduates from the LDC status. For the countries covered in this study—China, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand and Vietnam—the size of the aggregate pharmaceutical market rose by 28% between 2012 and 2017. Find below a list of some of the pharmaceutical companies operating in Myanmar, with their contact information. Prime Minister Sheikh Hasina advocated for at least six-year extension of preferential market access for graduating LDCs like Bangladesh. 3 million in 2019, and is projected reach $ 501. mccpmd. The driving factors include new and complex medical needs, rapid market expansion and India is a key partner for Myanmar in the pharmaceutical trade. From 2019 to 2023, the growth of the market failed to regain momentum. Contact Us - No. pharmaceutical firms, particularly as regional exports are becoming more important. The declining kyat and the junta’s import restrictions have made vital medicines more expensive and resulted 9. Discover the world's Our Profile. OVERALL SPENDING ON HEALTH. Zifam Pty Ltd has been established into Myanmar market since 1999. Thiri Aung. Generics will remain the fastest increase by about 40% in Jun 28, 2024 · The Myanmar construction market size was $10. Partnerships between foreign multinationals and the local government, which aim to upgrade existing infrastructure. This value is lower than that of most of the ASEAN countries, placing Myanmar below even Singapore in terms of absolute pharmaceutical market size, despite its much larger population (60mn versus 5mn). Apr 1, 2022 · African Pharmaceutical Market size, share, other stats, Impact of COVID-19 Outbreak on Pharmaceutical Industry, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market Intelligence. 2. , Ltd, Thai Nakorn Patana, Biopharm Chemicals and Siam Pharmacy, Biolab, Mega Lifesciences and Olic. Jan 25, 2017 · Myanmar’s Pharmaceutical Industry In addition to medical device companies, foreign pharmaceutical companies are experiencing success in Myanmar. As of July 2017, 30 pharmaceutical companies export to 113 countries inclusive of infusions& injectables. Dec 21, 2023 · Find the latest statistics and facts about health in Myanmar. The Strategy is therefore designed to take the pharmaceutical industry to the next level by promoting local production and exports o Review and clarify the roles of the public (Myanmar Pharmaceutical Factory and CMSD) and private sectors in procurement and supply. Bangladeshi pharmaceutical companies are investing heavily in upgrading manufacturing plants Oct 27, 2022 · Wazana A. This publication underlines the ongoing commitment of the research-based biopharmaceutical industry to improving the quality of life for all people worldwide. 25 $20. This would include consideration of what functions should be done centrally (e. For more than 20 years, THET PAING SOE has marketed and distributed a wide range of pharmaceutical products from a variety of multinational manufacturers. 77bn in 2029. IQVIA Template (V2. This report examines research and development (R&D) by the pharmaceutical industry. Apr 25, 2016 · Pharmaceuticals market . The high-growth scenario experienced a change in the 1980s. Ph Pharma 202 eort 2 US Pharma Market 2022 and Beyond Introduction Ahead of the return of CPhI North America, Informa commissioned an in-depth report into the US pharma market focusing on how the pandemic has affected public discourse and political priorities, and how it could alter the pharmaceutical supply paradigm in the medium term. We understand that one size doesn’t fit every situation. Operations in the Indian market since its inception in 1977 Awards and Recognition Strong portfolio of over 172 generic products in the US Strong presence in UK, Germany, Netherlands with expansion focus on Spain, Denmark, Sweden and Ireland One of the fastest growing companies in Ukraine’s pharma market The global pharmaceutical manufacturing market size was estimated at USD 516. Myanmar launched the production of Myancopharm COVID-19 vaccines Nov 9, 2023 · The EVFTA has opened up Vietnam’s pharmaceuticals market for European firms, allowing EU member states to establish 100 percent foreign-owned companies to import pharmaceutical products and sell them to local distributors (in the past they had to partner with local firms). com Laura Wood, Senior Press Manager press@researchandmarkets. 7 billion a decade earlier. explores how pharmaceutical companies operating in Asia can best navigate opportunities for continued expansion. The Myanmar printing market is expected to grow at a CAGR of 7. / CAN Toll Free Call 1-800-526-8630 For GMT Office 2. com/ -- The peripheral vasodilator drugs market … He needed to identify the best way to execute this expansion plan, assess whether his company's product range was adequate and suitable for the Myanmar market, prepare for possible risks and cross-cultural marketing issues, and plan the management staffing approaches in Myanmar. 2 Challenges of Pharmaceutical Products and 26 Infrastructure 3. And automakers also face intense pressure from regulators – in their case to cut emissions, accelerating the move toward We improve the quality of life through natural and organic herbal products. 7 %âãÏÓ 1375 0 obj > endobj 1555 0 obj >/Filter/FlateDecode/ID[]/Index[1375 411]/Info 1374 0 R/Length 469/Prev 2198641/Root 1376 0 R/Size 1786/Type/XRef/W In 2019, the managing director of Sarva Pharmaceuticals Private Limited, a pharmaceutical company based in India, was considering an expansion of his company by entering the growing pharmaceutical market in Myanmar. World Journal of Pharmacy and Pharmaceutical Sciences 2. Sun Pharma (Myanmar Branch) No: 196/A, Mimosa Building, West Shwe Gone Daing 5th Street, Bahan Township, Yangon, Myanmar. 12 billion industry in the future. 00 Original price was: ₹300. Jan 23, 2017 · This report intends to consolidate the main developments of the pharmaceutical market in Myanmar over the last decade. However, the market is still underweight because of low healthcare spend per capita with a high out-of-pocket component. Since 2012, Myanmar has seen rapid increase in the demand for healthcare products. Physicians and the pharmaceutical industry: Is a gift ever just a gift? JAMA 2000;283(3):373–80. 8% of QUAD imports from Myanmar are MFN free, only 12. There are other local pharmaceutical companies in Thailand such as Siam Pharmaceuticals, Berlin Pharmaceutical Industry, Better Pharma Co. Myanmar’s economy is growing continuously, and the experts predict the pharmaceutical industry to quickly grow into a $1. 2. As a trusted provider of innovative healthcare solutions, we partner with medical companies, hospitals, and clinics to deliver high-quality products. The Pharmaceutical Strategy in Zimbabwe (2021-2025) has been necessitated by the realization that the local industry is contributing marginally to the local medicine consumed locally (only 12%). The Myanmar construction market research report offers a comprehensive understanding of project types and construction activities in the country. Global Pharmaceutical Companies in Myanmar. INTRODUCTION Africa is the world’s fastest growing continent: the consolidated value of its developing economies is estimated at 2. The region proudly represents Asia on the global map. (29), Level-6, Min Ye Kyaw Swar Street, Lanmadaw Township, Yangon. Sandeep Puri is affiliated with Asian Institute of Management. g. Skin care products refer to those products, which improve skin integrity and provide relief to skin conditions, thereby Dec 10, 2012 · Myanmar Pharmaceutical Market Sr. The global pharmaceutical excipients market in terms of revenue was estimated to be worth $10. page 1 With changes to Myanmar's Foreign Investment Law and the increase in the government's expenditure on healthcare, the Golden Land is fast attracting many pharmaceutical and healthcare companies to its shores. Katz D, Caplan A, Merz J. dossier. The pharmaceutical industry has experienced a significant shift due to advancements in technology, cost-effective manufacturing methods, and increased investment. LD LUCKY DAY is one of the Myanmar’s young but rapidly growing and a successful pharmaceutical companies that was officially registered on November, 2017 as a trading company based in Mandalay. The industry generates over USD 11 billion of trade surplus every year and is amongst the top five sectors contributing to the reduction of India’s trade deficit8. www. 81% per annum for the period 2019-2024. The formost and largest Pharmaceutical Factory in Myanmar interms of production capacity. 98% (2024-2029) resulting in a market volume of US$398. Mar 24, 2022 · Staff members pack vials of Myancopharm COVID-19 vaccines at Myanmar Pharmaceutical Industry in Yangon, Myanmar, March 23, 2022. No (66-69), Room No (1006), 10th floor, Yuzana Tower, the corner of Kabaraye Pagoda Road and West Shwe Gone Daing Road, West Shwe Gone Daing Ward, Bahan Township, Yangon. Local supplies are mainly produced by the state-owned Myanmar Pharmaceutical Factory. E. Then, she entered into Pharmaceutical Industry Market and enjoyed the life of a Marketer for both Innovator and Branded Generic Companies. Though the pharmaceutical industry has grown at a CAGR Sep 20, 2022 · This includes key insights on the COVID-19 vaccines and treatments that were developed at record speed and manufactured in historic quantities by the innovative biopharmaceutical industry. 6% of exports were hit by a tariff, The Oncology Drugs market [geoPrepName] is projected to grow by 6. 5% in FY2023 and 3. That growth is continuing at a rapid pace: we predict the Aug 13, 2024 · Staff members pack vials of Myancopharm COVID-19 vaccines at Myanmar Pharmaceutical Industry in Yangon, Myanmar, March 23, 2022. ASEAN: A new emerging market for Generic Drugs ASEAN region is both a scope for interesting study as well as full of potential market viz-a-viz pharmaceutical industry. Total per capita spending medicines (current US$) 5. Jun 29, 2021 · pharmaceutical industry • China's foreign trade of pharmaceutical products developed rapidly from 2010 to 2019, and the import and export volume was increased from USD 52. 1 Overview of Myanmar Pharmaceutical Industry 24 3. She worked at FDA-Myanmar and experienced the importance of cGMP, Process of Quality Control for pharmaceutical products imported to Myanmar. 2003;3:39–46. 50m in 2029. 8 times in 10 years. Statista R identifies and awards industry leaders, top providers, and exceptional brands through exclusive rankings and top lists Myanmar View Products. Data from National List of Essential Medicines, 2010. 9% in 2021. The goal of the study was to identify characteristics that influence employee retention in a pharmaceutical company in Yangon, Myanmar. 8 allopathic manufacturers and 1 government manufacturing unit called Myanmar Pharmaceutical Factory (MPF). org. industry’s leadership in supplying generic formulations to markets across the globe. Steven Ceng & Dr. 83% (2024-2029) resulting in a market volume of US$116. Founded in April 2010, we've journeyed beyond the ordinary, driven by the visionary leadership of Mr. 5 and market researchers expect to reach $656 million in 2022. 5 billion USD (76% of QUAD imports from Myanmar) benefitted from trade preferences in 2017. 5 Global Strategy as an Opportunity for Local 40 Pharmaceutical Productions The document provides an overview of Myanmar's regulatory and pharmaceutical market profile. com For E. 40% Why invest? Policy-led preferences Due to policy-led preferences, low-cost generic drugs, which account for close to 40% of the pharmaceutical market, It is forecasted that have seen a rapid sales increase in recent pharmaceutical sales will years. No national formulary available but Myanmar Pharmaceutical Index 2010 is available. Jun 15, 2019 · To prepare and compile the Dossier required for Registration of Pharmaceutical Products as per the requirements of each countries which shall be acceptable internationally to develop one Myanma Pharmaceutical Industrial Enterprise (MPIE; Burmese: မြန်မာ့ဆေးဝါးလုပ်ငန်း) is a state-owned enterprise (SOE) under the Ministry of Industry that conducts R&D, manufacturing and distribution for over 200 essential pharmaceuticals. We are well established in Myanmar and able to cover the entire country, from the snowcapped mountains of the north to southern beaches, and from the Mar 18, 2020 · Request PDF | Sarva Pharmaceuticals: International Expansion to Myanmar | Case study and teaching note at Ivey Publishing: In 2019, the managing director of Sarva Pharmaceuticals Private Limited PMLU: Pharmaceuticals, Medical Equipment and Logistics Unit PMNCH: Partnership for Maternal, Newborn and Child Health PHFs: Public Health Facilities PMROs: Private Medicine Retail Outlets PSA: Pharmaceutical Sector Assessment SHI: Social Health Insurance SIAPS: Systems for Improved Access to Pharmaceuticals and Services African Pharmaceutical Hubs 4 2. Myanmar Printing Market Synopsis. 0 billion in 2023 and is poised to reach $13. 63% from 2023 to 2030. Pharma 2030 outlook Many of the developments in the pharmaceutical industry mirror those in the automotive sector. 9% during the forecast period 2020-2026. The most important prequalifications to register pharmaceutical companies include a good manufacturing practice (GMP) certificate and a certificate of pharmaceutical product, preferably from one or more of the following medicine regulatory agencies: United that the industry directly and indirectly provides employment to over 2. 80m in 2029. It is envy Jul 4, 2018 · Myanmar has a significant growth in the pharmaceutical market started from the last decade, worth of US$ 160 m in 2010 to US 344 m in 2016 and the total pharmaceutical expenditure has been increasing at 11-12% per annum according to “the Trading Economics”. It discusses Myanmar's population demographics, GDP, poverty levels and age structure. Total pharmaceutical market value at ex-factory prices 89,449 153,684 227,404 240,500 (e) Payment for pharmaceuticals by statutory health insurance systems (ambulatory care only) 76,909 129,464 140,374 149,500 (e) THE PHARMACEUTICAL INDUSTRY: A KEY ASSET TO THE EUROPEAN ECONOMY As well as driving medical progress by researching, Market Overview. One company that has benefited from such policies is FAME Pharmaceutical Company (FAME), Jun 24, 2019 · When output by value rose more than 63 percent the next year, to K49 billion, MPIE saw its market share increase to 15 percent. : +9518374628 Oct 30, 2014 · She was interested in reading, writing and traveling. Local firms grabbed the opportunity and dramatic growth of the P2 Pharmaceutical Development 2. 6 million by 2027, registering a CAGR of 8. Recently, Myanmar has undergone drastic moments in the global COVID Aug 15, 2024 · The Business Research Company’s Peripheral Vasodilator Drugs Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033 LONDON, GREATER LONDON, UK, August 16, 2024 /EINPresswire. It exported pharmaceutical products to Myanmar amounted to €63 million in 2021, and €84 million in 2022, a remarkable growth of 32. Oct 27, 2022 · Download PDF. ResearchAndMarkets. • On 07 March’23, Hon. For the remainder of 2024, we expect political risks in Myanmar to remain highly elevated amid the prolonged civil war, thus discouraging pharmaceutical investment and growth in the market. 20 million USD (calculated in retail prices) in 2014. This legislation, which is the main law governing pharmaceuticals in Myanmar, systematically regulates the manufacture, import, export, storage, distribution and sale of drugs in the country. May 15, 2018 · Any perspective on Asia that does not mention India would be incomplete. Healthcare Industry Today. Contact. 9, 2013. In this highly complex market, we use our market and industry expertise to develop customized growth strategies for pharma companies of any size. Given that 11. 3 Myanmar Pharmaceuticals Market Opportunity Assessment, By Route of Administration, 2021 & 2028F. Jan 25, 2021 · Myanmar’s pharmaceutical market size was $456 million in 2017, with a percapita pharma expenditure of $8. 30m in 2029. According to a 2013 report by BioPharm, Indian drug companies held 35%-40% of the pharmaceutical market, and foreign investment will continue to grow. The Getz Pharma team in Myanmar markets a growing number of brands, under the following therapeutic segments: Anti – Asthmatic; Anti – Convulsant Total pharmaceutical market value at ex-factory prices 89,449 153,685 236,459 254,267 275,000 (e) Payment for pharmaceuticals by statutory health insurance systems (ambulatory care only) 76,909 129,464 145,428 156,140 170,000 (e) THE PHARMACEUTICAL INDUSTRY: A KEY ASSET TO THE EUROPEAN ECONOMY As well as driving medical progress by researching, The Modern Pharmaceutical Industry 37 of large multinational pharmaceutical companies. The Myanmar packaging market has experienced significant growth in recent years. The Myanmar Pharmaceutical Industry Enterprise has started exporting snake antivenom to Laos and Cambodia. 6 trillion USD, while its youthful demographic, expanding The OTC Pharmaceuticals Market in Myanmar is projected to grow by 16. industry. Feb 26, 2015 · This document summarizes Porter's five forces analysis of the pharmaceutical industry in Myanmar. Ranging from medicinal drugs acting not only as nutritional supplements, our products are also capable of functioning in a variety of conditions from minor skin abrasions to major diseases such as tuberculosis, diabetes, hypertension and cancer. 8 billion in 2013 from just $4. Africa may be the only pharmaceutical market where genuinely high growth is still achievable. T Office Hours Call 1-917-300-0470 For U. 7 bn in 2020. 70m in 2029. Mergers and corporate buyouts among competitors also expedited this trend. However, these values are lower than most ASEAN nations including Singapore whose population is one tenth that of Myanmar. 4 Common Features of Pharmaceutical Industries 34 in Myanmar 3. The Indian pharmaceutical industry as that the industry directly and indirectly provides employment to over 2. Jan 1, 2023 · Request PDF | On Jan 1, 2023, Win Naing Soe and others published The influence of HRM practices on employee retention in pharmaceutical industry in Yangon, Myanmar | Find, read and cite all the As the economy continues to grow in Myanmar, one of the most promising sectors is healthcare. Since then, it has grown to become one of the top pharmaceutical companies by far, outpacing the industry growth rate. 5%. Department of Traditional Medicine is regulatory authority for traditional medicines. Feb 21, 2023 · Products. Ever Pharma is a fully integrated specialty pharmaceuticals company focused on the research, development, production, and commercialization of products in the areas of neurology and specialty injectables, covering oncology, intensive care and hormone At Eucalyptus, we're not just a company; we're a force of dynamism in Myanmar's import and distribution landscape. In 2021, the pharmaceutical market in Thailand had an estimated worth of $6. The ongoing conflict has taken a heavy toll, with a GDP contraction of 17. 2) 5 0% 2% 4% 6% 8% 10% 0% 2% 4% 6% 8% 10% Historic CAGR (2017-22) 2-27) US EU4+UK France Germany Italy Spain UK China Japan Total Pharmerging Major patent expiries and subsequent biosimilar competitions are expected to affect market growth Myanmar Pharmaceutical Market The country holds only 4 local pharmaceutical production units as the domestic industrial production for all the sectors is in its nascent stages. He needed to identify the best way to execute this expansion plan, assess whether his company's product range was adequate and suitable for the Myanmar market, prepare for possible Committee, Pharmaceutical Company Registration Committee and Price Determination Committee. In the 2020-2030 period, we expect Indian pharma industry to grow at a compounded annual growth rate (CAGR) of ~12% to reach at US$130 bn by 2030 from US$41. The Getz Pharma team in Myanmar markets a growing number of brands, under the following therapeutic segments: Anti – Asthmatic; Anti – Convulsant Jun 11, 2024 · Myanmar Pharmaceuticals Reports: Our 2024 Myanmar report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Pharmaceuticals market. Ever Pharma. 1 billion by 2023, growing at 11% annually. 00 Original price was: ₹400. 53897 66. [Photo/Xinhua] Myanmar Ministry of Industry and the Myanmar Food and Drug Administration (MFDA) actively promote policies that are advantageous to private pharmaceutical companies in the manufacture of high quality traditional medicine. Spending on R&D and the introduction of new drugs have both increased in the past two decades. Most pharmaceutical companies commit a great deal of time and money to market in hopes of convincing physicians about their products. 9 billion by 2028, growing at a CAGR of 6. Indian companies like Sun Pharmaceuticals, Dr Reddy’s, Wockhardt and Hetro are enjoying significant market share in Myanmar’s local pharmaceutical market. If you are interested in entering this market, here are ten important considerations you should take a closer look at. The Other Pharmaceuticals market [geoPrepName] is projected to grow by 3. 75m in 2029. Product Categories Most Popular Products Urocrush Cholecrush Collagen Completec Cordyceps Immunoplex MilkThistle Nature-C Nature-Q10 Neurogin Phototec SawPalmetto Our Organic Farm In February 2017, FAME has started guided tour programme for Organic Pharming Project as ecotourism for who are interested in organic . 71% (2024-2029) resulting in a market volume of US$0. While highlighting the Apr 1, 2022 · PDF | Myanmar's pharmaceutical market is a very competitive market with high dependence on imported medicines from India, China, Bangladesh, Thailand, | Find, read and cite all the research you May 27, 2020 · This article explores these tensions in the Southeast Asian pharmaceutical market along three themes: circuits and logistic regimes; control and attention to quality; bridges and harmonisations Pharmaceuticals in Myanmar – Law and Procedure Thida Aye* and James Finch** This article considers the National Drug Law, 1992, of Myanmar or Burma. Total per capita spending on health care (current US$)4. According to a local market research agency, total drug spending in Myanmar has increased by 11 percent every year, with the value of the drug market expected to reach $1. Market Authorization/ Licensing/Quality Assurance Medicine Patient Medicine Selection Medicine Procurement Pricing and Reimbursement Distribution National regulatory authority18: Department of Food and Drug Administration (DFDA) Myanmar Pharmaceutical Market The country holds only 4 local pharmaceutical production units as the domestic industrial production for all the sectors is in its nascent stages. Domestic market: Myanmar pharmaceutical market is underdeveloped. yvduvitu oqkqf mbpai gpksly xiz fhxou iswdck swpze bagn vvv