REGISTER FOR REGULAR UPDATES
DATE AND TIME
Mon, 14 Mar. 2016, 09:30
Mon, 14 Mar. 2016, 10:30
Join us on 14 March 2016, 9:30AM BST (5:30PM PH Time) for a free webinar on the opportunities in the pharmaceutical sector in the Philippines. We have invited representatives from the Food and Drug Authority (FDA) to present the challenges, opportunities, growth potential and how foreign companies can be involved. One of our assisted clients who successfully identified a local partner through our Business Support Service will also share some tips on how to enter the Philippine market.
The Philippines is one of the biggest pharmaceutical markets along with Indonesia and Thailand. Predicted to be valued at $8 billion by 2020, at a compound annual growth rate of 9.4 percent, this industry is growing fast. It also contributes to the source of living of thousands of Filipino workers in and out of the country. Drugs and medicines account for 46 percent of the total medical out-of-pocket expenditures of Filipino households. The Philippines is also known for a great supply of drug distributors classified as importers, wholesalers and/or exporters. In 2012, it was recorded that there were more than 55,000 drug distributors in the country.