402 people follow this. The economics of health is much more than a matter of pure price and profit, in contrast to markets for goods and services that one can easily live without. Common categorizations apparently are unable to quantify the role of health in the economy in the way that agriculture and mining can be quantified. The transformation of the healthcare system was in large part systemic but it also entailed a change in perception: discovering strength where the previous perception of Lebanon’s health system structure with its multiplicity of actors had been negative. The successful shift from a system dominated by divergent self-interested commercial players to a resilient system with better coordinated actors has been demonstrated convincingly during the ongoing Syrian refugee crisis. The other players operating in the animal health market are C.H. “We do continuous studies on medical care and we inform the hospitals if our studies show any red flags [of rising incidence rates] or when more care is needed because we percieve hospitals as our partners. According to the Ministry of Public Health (MoPH) in Lebanon, the national spend on healthcare as share of GDP is 7.5 percent. “You have overlap in some areas of coverage and gaps in others, and you don’t have the global picture. Good health on systemic level: a function of quality supply, evidentiary decisions, and collaborative governance. Long established as the ‘must attend’ event in our region, we attract 41,000* healthcare professionals who value the power of learning, networking and business. Pharmaceutical Sector Country Profile Questionnaire. 403 people like this. [This fragmented system] is difficult to govern. While the Investment and Development Authority (IDAL) highlighted Lebanon’s pharmaceutical industry for its investment opportunities and reported that pharma sales reached $1.63 billion in 2015, the bulk of pharmaceutical trade is inbound. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. Like humans, animals also suffer from various diseases and thus require proper care from veterinarians and pet owners. Sales agents may be compensated based on a consumer’s … As famed economist Kenneth Arrow wrote in the conclusion of a seminal 1963 paper on uncertainty and the welfare economics of medical care, “the limitations of ideal competitive behavior under uncertainty force us to recognize the incomplete description of reality supplied by the impersonal price system.”, Thomas Schellen is Executive's editor-at-large. All in all, it seems practically impossible to overestimate how much health writ large could contribute to this nation’s GDP, beyond what is spend on health as share of GDP. 1. On the basis of the 2017 GDP estimate of $53.4 billion, the health bill would be about $4 billion and be paid for by three main streams of financing in roughly equal measure. This growth was mainly because of higher health inflation when compared with GDP inflation in Lebanon. Discover the latest market trends and uncover sources of future market growth for the Consumer Health industry in Lebanon with research from Euromonitor's team of in-country analysts. At the same time, very encouraging signals as to our health economy potentials are being sent by the health system’s improvements over the past two decades and by its duress-defying performance under conditions of worsening national poverty and inbound despondencies since the outbreak of the Syrian refugee crisis. Inform your marketing, brand, strategy and market development, sales and supply functions. Research by GlobeMed shows some interesting trends in the number of nosocomial infections (infections contracted in hospital and requiring additional treatment). HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and DC. Factors contributing to the improved standings of Lebanon’s health today, as compared to its state at the turn of the century, included gains in efficient usage of the people’s private financial resources. Lebanon’s capital Beirut is home to the ILO Regional Office for the Arab States (ROAS), where it has been located since 1976. 1040587, Sales of Consumer Health by Category: Value 2014-2019, Sales of Consumer Health by Category: % Value Growth 2014-2019, NBO Company Shares of Consumer Health: % Value 2015-2019, LBN Brand Shares of Consumer Health: % Value 2016-2019, Distribution of Consumer Health by Format: % Value 2014-2019, Distribution of Consumer Health by Format and Category: % Value 2018, Forecast Sales of Consumer Health by Category: Value 2019-2024, Forecast Sales of Consumer Health by Category: % Value Growth 2019-2024, Sales of Analgesics by Category: Value 2014-2019, Sales of Analgesics by Category: % Value Growth 2014-2019, NBO Company Shares of Analgesics: % Value 2015-2019, LBN Brand Shares of Analgesics: % Value 2016-2019, Forecast Sales of Analgesics by Category: Value 2019-2024, Forecast Sales of Analgesics by Category: % Value Growth 2019-2024, Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2014-2019, Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2014-2019, NBO Company Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2015-2019, Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2019-2024, Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2019-2024, Sales of Digestive Remedies by Category: Value 2014-2019, Sales of Digestive Remedies by Category: % Value Growth 2014-2019, NBO Company Shares of Digestive Remedies: % Value 2015-2019, LBN Brand Shares of Digestive Remedies: % Value 2016-2019, Forecast Sales of Digestive Remedies by Category: Value 2019-2024, Forecast Sales of Digestive Remedies by Category: % Value Growth 2019-2024, Sales of Dermatologicals by Category: Value 2014-2019, Sales of Dermatologicals by Category: % Value Growth 2014-2019, NBO Company Shares of Dermatologicals: % Value 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Dietary Supplements by Category: Value 2019-2024, Forecast Sales of Vitamins and Dietary Supplements by Category: % Value Growth 2019-2024, Sales of Weight Management and Wellbeing by Category: Value 2014-2019, Sales of Weight Management and Wellbeing by Category: % Value Growth 2014-2019, NBO Company Shares of Weight Management and Wellbeing: % Value 2015-2019, LBN Brand Shares of Weight Management and Wellbeing: % Value 2016-2019, Forecast Sales of Weight Management and Wellbeing by Category: Value 2019-2024, Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2019-2024, Sports Nutrition: Health and Beauty Specialist Retailer (a), Sports Nutrition: Health and Beauty Specialist Retailer (b), Sales of Sports Nutrition by Category: Value 2014-2019, Sales of Sports Nutrition by Category: % Value Growth 2014-2019, NBO Company Shares of Sports Nutrition: % Value 2015-2019, LBN Brand Shares of Sports Nutrition: % Value 2016-2019, Forecast Sales of Sports Nutrition by Category: Value 2019-2024, Forecast Sales of Sports Nutrition by Category: % Value Growth 2019-2024, Herbal/Traditional Products: Health and Beauty Specialist Retailer, Sales of Herbal/Traditional Products: Value 2014-2019, Sales of Herbal/Traditional Products: % Value Growth 2014-2019, Forecast Sales of Herbal/Traditional Products: Value 2019-2024, Forecast Sales of Herbal/Traditional Products: % Value Growth 2019-2024, Cough, cold and allergy (hay fever) remedies, Consumer Health in Bosnia and Herzegovina, Consumer Health in the United Arab Emirates, Improving Consumer Health Prospects and Market Implications, Size Matters: The Global Fight Against Obesity, Update on Our Top 10 Global Consumer Trends for 2017: Wellness as Status Symbol, Young Men’s Attitudes Towards Health, Fitness and Wellbeing: Global Survey Strategic Analysis, The Haves and Have Nots: The Impact of the Widening Gap Between Rich and Poor, The War on Meat: How Low-meat and No-meat Diets are Impacting Consumer Markets, Age Blurring: How the Breakdown of Age Boundaries Is Affecting Global Consumer Markets, Owning Health: The Move Towards Self-care and Implications for Marketers, Private Label - Potential in a Weakening Economy, Big World: Impact of the Obesity Pandemic on Global Marketing Strategies, 25 Global Consumer Trends 2008: Back to Basics – it’s Still the Old Economy in a Cool Climate, Shopping for Pleasure: The Development of Shopping as a Leisure Pursuit, Boehringer Ingelheim GmbH in Consumer Health, Bristol-Myers Squibb Co in Consumer Health, General Nutrition Centers in Consumer Health, General Nutrition Centers Inc in Consumer Health, Glaxosmithkline Plc and Novartis AG in Consumer Health: Prospects for Their New Joint Venture, Herbalife Nutrition Ltd in Consumer Health, Nu Skin Enterprises Inc in Consumer Health, Otsuka Pharmaceutical Co Ltd in Consumer Health, Procter & Gamble Co, The (P&G) in Consumer Health, Procter & Gamble Co, The in Consumer Health, Reckitt Benckiser Plc (RB) in Consumer Health, Taisho Pharmaceutical Co Ltd in Consumer Health, Takeda Pharmaceutical Co Ltd in Consumer Health, Analysis of key supply-side and demand trends, Detailed segmentation of international and local products, Historic volumes and values, company and brand market shares, Five year forecasts of market trends and market growth, Robust and transparent market research methodology, conducted in-country. Send mail. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. Find great deals and sell your items for free. Several leading members of the Lebanese pharma industry were not available or unresponsive when Executive approached them to inquire about the sector’s export development potential. For example, OOP health expenditure dropped from 6.2 percent of GDP in 2000 to 2.4 percent in 2015. Many countries have health expenditures representing between 7 and 9 percent of their GDP. Service and product availability varies by state. 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