Further important benefits were generated by a set of successive reforms and systemic improvements implemented under the leadership of the MoPH, in the course of which the health sector was transformed from one oversupplied with underutilized expensive machines and characterized by “perverse incentives”—where the old MoPH system had provided compensations to hospitals irrespective of their competencies or quality—to one that is driven by evidence-based decisions and collective governance. For example, OOP health expenditure dropped from 6.2 percent of GDP in 2000 to 2.4 percent in 2015. He has been reporting on Middle Eastern business and economy for over 20 years. 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. [This fragmented system] is difficult to govern. However, some economies (for example, on the Indian subcontinent and in Sub-Saharan Africa) allocate less than 4 percent of GDP to health spending. 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 2015-2019, LBN Brand Shares of Dermatologicals: % Value 2016-2019, Forecast Sales of Dermatologicals by Category: Value 2019-2024, Forecast Sales of Dermatologicals by Category: % Value Growth 2019-2024, Sales of Wound Care by Category: Value 2014-2019, Sales of Wound Care by Category: % Value Growth 2014-2019, NBO Company Shares of Wound Care: % Value 2015-2019, LBN Brand Shares of Wound Care: % Value 2016-2019, Forecast Sales of Wound Care by Category: Value 2019-2024, Forecast Sales of Wound Care by Category: % Value Growth 2019-2024, Vitamins and Dietary Supplements: Health and Beauty Specialist Retailer, Vitamins and Dietary Supplements: Chemist/Pharmacy, Sales of Vitamins and Dietary Supplements by Category: Value 2014-2019, Sales of Vitamins and Dietary Supplements by Category: % Value Growth 2014-2019, NBO Company Shares of Vitamins and Dietary Supplements: % Value 2015-2019, LBN Brand Shares of Vitamins and Dietary Supplements: % Value 2016-2019, Forecast Sales of Vitamins and 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. “Although we haven’t witnessed tremendous growth in GDP in Lebanon in recent years, there has been growth in the market for health insurance. The Global Health Observatory of the World Health Organization (WHO) puts the world’s expenditure on health at $7.2 trillion (2015 estimate), or 10 percent of the world’s GDP. Occupancy rate of intensive care units jumps to 90 percent after authorities relax curfew ahead of holiday season. “If we compare costs of insurance in Lebanon to those in the Middle East or in Europe, the cost of insurance premiums is still cheaper and people here have better coverage than in many other countries,” Joe Abou-Chacra, general manager of TPA GlobeMed Lebanon, notes. Lebanon in this index is also positioned a mere four spots lower than the United States and ahead of Taiwan and Israel. Wellness as a concept has existed since ancient times: the Indian Ayurveda system of medicine, based on the belief … The effects of this pandemic illustrate how public health measures can reduce the need for individual medical care. Lebanon has secured about 2 million doses of Pfizer-BioNTech's COVID-19 vaccine, which will cover 20% of the country's nationals, the health minister said on Monday. A number of international healthcare rankings indicate that Lebanon is on a trajectory of continuous improvements in coverage and performance. Community See All. All this potential comes with the caveat intrinsic to all dealings with the market for medical care. Sales agents may be compensated based on a consumer’s … The global home healthcare market size was valued at USD 281.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027. According to the Ministry of Public Health (MoPH) in Lebanon, the national spend on healthcare as share of GDP is 7.5 percent. These skyrocketing securities—or the ones that analysts expect to skyrocket—are called … What complicates the overall scenario is the fact that the health sector combines commercial stakeholders with clear profit motives for achieving high sales of goods and services—such as private hospital operators and pharmaceutical manufacturers—with other stakeholders whose business models are driven by cost optimization and rationalization, such as third-party-administrators and insurance companies. There are flaws, and the market is not growing in the double-digits like the Gulf markets, because the economy is not growing in double digits. Lebanon has imposed an 11-day total lockdown following a sharp rise in Covid-19 infections. KEY BENEFITS FOR STAKEHOLDERS; This report provides a detailed quantitative analysis of the current market trends and market forecast estimations from 2018 to 2025, which assists to identify the prevailing animal health market … Lebanon’s pharmaceutical exports, according to the Najm system tracking Lebanese trade at the customs level, have yet to lift significantly beyond the $50 million per year range. Population aging around the world and increased patient preference for value-based healthcare are anticipated to fuel market growth. GB: 239-2559-40 Registered in England No. The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. Not all agents are licensed to sell all products. What are the main trends in OTC Healthcare? For decades, the market has been controlled by some two dozen importers. Beyond pharmaceutical products, Lebanon by all logic has the potential to increase the export and import of qualified human capitals—doctors, nurses, pharmacists, lab technicians, etc.—plus immense potential for health sector disruption by information technology—currently in the form of full digitization—as well as new or growing adjacent economic activities, from preoccupation with wellness and nutrition to medical and wellness tourism. Opens in 20 minutes. Reports generally show that higher levels of healthcare spending are reflected in higher life expectancy and are very visible in data points such as the number of physicians and hospital beds in relation to a country’s inhabitants. Best Growth Stocks - Best Stocks to Buy Now. What is the market size of Consumer Health in Lebanon? HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and DC. Lebanon's previous record of virus … Kyler Clinkenbeard - HealthMarkets Insurance (Lebanon, MO) Insurance Broker in Lebanon, Missouri. The total number of deaths now stands at 1,705 after the ministry added 44 old cases proved to be linked to COVID-19. Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. Gain competitive intelligence about market leaders, Track key industry trends, opportunities and threats, Inform your marketing, brand, strategy and market development, sales and supply functions. While this rate fluctuated between 2010 and 2015, it dropped to 1.3 percent in 2016 and then to 1 percent in 2017. Gain competitive intelligence about market leaders. Animal health is greatly affected by the forces of globalization and trade, treat of bioterrorism, reorganization of food … Wellness around the world. (Nevertheless, having a high share of healthcare expenditure does not automatically signify that a nation’s system is superior in terms of being beneficial or efficient). How Does It Work? discussion of medicinal cannabis, as well as currently untaken opportunities for research into and development of the medicinal potential of other local plants and herbs. “In describing this situation, we usually spoke of fragmentation, which has a negative connotation,” explains Walid Ammar, the director general at the MoPH. Delivery: Files are delivered directly into your account within a few minutes of purchase. This map of health system dynamics is incomplete, however, as there are further important  elements involved, namely third-party stakeholders—medical practitioners—who can or cannot be driven by profit motives, and the usually extensive involvement of public sector interventions. In describing the multiplicity of the Lebanese health system, we now use [the term] diversity, which has positive connotations. Service and product availability varies by state. The World Bank has approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country’s compounded economic and health crises. The website says that it will search more than 140 different insurance companies nationwide to find you the most affordable insurance or Medicare plan, in the areas of … Arab Health is the leading digital & events platform in the healthcare sector. The other players operating in the animal health market are C.H. IFPMA, the global federation of pharmaceutical manufacturers and associations, reported in a 2017 study that global pharma production was worth almost $1 trillion and that the value added rate of producers was 45.5 percent, or $453 billion. 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. © 2021 Euromonitor is privately owned & trademarked. Commercial stakeholders in the management of healthcare services in the Middle East agree that Lebanon represents an interesting value proposition to its population, even as they note that the growth of the healthcare insurance business has, in recent years, not been as strong as in countries with higher economic growth. Service and product availability varies by state. Among the newly recorded cases, 13 were detected among travelers arriving in Lebanon, according to the Health Ministry report, bringing the total number of cases since the virus was first detected in the country in late February to 226,948. According to a Human Development Report (HDR) by the United Nations Development Programme in 2013, low-income countries early in this decade spent on average 5.7 percent of GDP on financing healthcare, whereas high-income countries show average health expenditure of 12.3 percent. “But it is not at all certain how long the insurance sector in Lebanon will be able to keep going without increasing premiums massively.”. Not all agents are licensed to sell all products. BEIRUT — The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country’s compounded economic and health crises.The World Bank said in a statement late Tuesday the loan would also support the development of a national social safety net in Lebanon, which was struggling with a financial crisis … HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and DC. Interested in more insights? 2,249 likes. Inform your marketing, brand, strategy and market development, sales and supply functions. The Global Animal Health Market size is estimated to be USD 47.29 billion in 2019 and is predicted to reach USD 81.73 billion by 2030 with a CAGR of 5.1% from 2020-2030. 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. A whole new experience for a higher return on investment. Boehringer Sohn AG & Co. KG, Dechra Pharmaceuticals, Nutreco N.V., and Phirbo Animal Health, Zoetis. 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 crisi, ll this potential comes with the caveat intrinsic to all dealings with the market for medical care. Political developments since 2007 have precluded the development of a Decent Work Country Programme. In addition, the potentially lucrative fields of wellness tourism, medical tourism, nutrition, and wellness services from yoga to life coaching can all be advanced to realize better economic and health outcomes. But the market has been growing steadily and is providing quality care,” says Christian Gregorowicz, chief executive officer of regional third-party administrator (TPA) Nextcare. This growth was mainly because of higher health inflation when compared with GDP inflation in Lebanon. Health encapsulates economic activity that amounts to trillions of dollars by the—in this context crude—methodology of collating production of goods and services as gross domestic product (GDP). Diversity is very important, as it gives you flexibility and this means you can adapt to unpredictable situations. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. Lebanon’s national health indicators (see infographic) show values that are today in better balance. Lebanon's health minister had said the first batch of vaccines is expected in February. Subscribe to our content! New and used Health & Beauty for sale in New Market, Indiana on Facebook Marketplace. However, when I look at all markets under my responsibility, Lebanon has been performing resiliently over the years. The Boone County Health Department protects and promotes the health of all residents and visitors of Boone County. The leaders of Wilson Bank & Trust have promoted longtime lender Curt Baker to senior vice president and named him leader of their home market in Lebanon. Disparities between low-income and high-income countries in the density of available health services as shown in the HDR are enormous, with 0.7 physicians per 10,000 people in the former versus 29.2 in the latter. Section 0 General Info 0.01 Contact Info 0.01.01 The econ, Health care services intact but compromised, Health care infrastructure under pressure, Pandemic creates surge for MENA fintech development. Arguably, the costs that result from the stigmatization and denial of mental health issues can have repercussions for the Lebanese workforce, including drops in employee productivity, impairment through substance abuse or depression, or mental affliction-related work absences. Consumer health registered below-inflation growth in 2019, as consumers remained cautious in their spending. 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. Good health on systemic level: a function of quality supply, evidentiary decisions, and collaborative governance. However, if you apply good governance principles and succeed in managing fragmentation, you mitigate for the negative effects of the multiplicity and what remains is diversity. In Lebanon, interest in health and wellness practices is slowly increasing as more stakeholders realize the benefits of a healthy lifestyle—which can include activities such as yoga and meditation—in preventing illnesses and in achieving balance. Our Story. Lebanese rely heavily on pharmaceuticals. [media-credit name=”Ahmad Barclay & Thomas Schellen” align=”alignright” width=”590″][/media-credit]. One third is government expenditure from tax revenue, one third is covered by private insurance and also provided via contribution-based schemes, such as the National Social Security Fund (NSSF) and cooperative funds, and the remaining third is composed of direct private expenditures by patients, as out-of-pocket (OOP) payments. When you purchase this report, you also get the data and the content from these category reports in Lebanon for free: The Consumer Health in Lebanon market research report includes: Our market research reports answer questions such as: This industry report originates from Passport, our Consumer Health market research database. Files are delivered directly into your account within a few minutes of purchase. 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. The vaccines are expected to arrive in batches starting February, the ministry said in a statement. Sales agents may be compensated based on a consumer’s … Likewise, low-income countries have about 13 hospital beds per 10,000 inhabitants whereas the average for high-income countries is over three times that, at 42.3 beds. Due to the onset Syrian refugee crisis began in 2011, the country now plays host to the largest number of refugees per capita in the world. Lebanon’s capital Beirut is home to the ILO Regional Office for the Arab States (ROAS), where it has been located since 1976. A May 2018 study on Lebanon’s health governance notes that the country’s diverse (some say fragmented) health system provides “compared to other countries, good value for money.” When the HCAP score is put in relation with total healthcare spend as share of GDP (in constant purchase-power parity dollar), Lebanon’s score of 86 places it below some countries with higher health spending but, as the study points out, the country “is on the frontier curve.” This is to say that none of the countries with lower healthcare spend than Lebanon as share of GDP rank above it in the HCAQ index. Tax increases introduced by the Lebanese government to reduce the country’s large public debt diminished disposable incomes available for consumer health. Pharmaceutical Sector Country Profile Questionnaire. However, as Executive examined different health-related fields of the Lebanese economy, it appeared that the proverbial glass is still eminently fillable. In a changing world and with limited resources we realise it’s more … However, if you apply good governance principles and succeed in managing fragmentation, you mitigate for the negative effects of the multiplicity and what remains is diversity. About See All. [This fragmented system] is difficult to govern. According to findings that GlobeMed shared with Executive, the average rate of nosocomial infections in Lebanese hospitals was 1.6 percent for the period from 2010 until 2017. Request a complimentary demonstration of our award-winning market research today. Our studies on nosocomical infections are indicating that the rate of infections contracted during treatment in hospitals has decreased a lot compared to five years ago. Service and product availability varies by state. In the bottom line, the health industry of Lebanon appears rife with opportunities that have not yet been fully taken advantage of, or that are still waiting to be captured. Research by GlobeMed shows some interesting trends in the number of nosocomial infections (infections contracted in hospital and requiring additional treatment). 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. 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. Outside of opportunity costs incurred by employers not securing comprehensive insurance packages or failing to address mental health, there are untapped potentials in Lebanon’s pharmaceutical sphere. In describing the multiplicity of the Lebanese health system, we now use [the term] diversity, which has positive connotations. The COVID-19 pandemic provides opportunities for both the consumer health market as a whole in China and direct sellers with consumer health portfolios Consumers’ rising awareness of healthy living was impacted by the COVID-19 pandemic, which is expected to dial up sales across several categories in consumer health in 2020, exemplified by products of general health and immunity enhancement. The World Bank said in a statement late Tuesday, Jan. 12, 2021, that the loan would also support the development of a national social safety net in Lebanon. LEBANON — A band teacher at Lebanon High School has been placed on administrative leave after he was arrested on preliminary charges of attempted child seduction. There is room, firstly, to further improve the medical system. Track key industry trends, opportunities and threats. Lebanon stands out in the region for its market-led approach to healthcare provision, which has resulted in the expansion of for-profit curative care based on the ability to pay, not on health needs. Talking about hospitals in Beirut, the rate of these infections has decreased by 60 or 70 percent,” says GlobeMed’s Abou-Chacra. We’re at the very heart of the sector. 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. Overlap and gaps need to be addressed and, in the management of financial assets that people dedicate to their healthcare, economies of scale could be deployed by introducing a system of compulsory medical insurance, argues Nadine Habbal, the head of the Insurance Control Commission at the Ministry of Economy and Trade. Health encapsulates economic activity that amounts to trillions of dollars by the—in this context crude—methodology of collating production of goods and services as gross domestic product (GDP). 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 … BEIRUT (AP) — The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country’s compounded economic and health crises. Diversity is very important, as it gives you flexibility and this means you can adapt to unpredictable situations. Lebanon’s national health indicators (see infographic) show values that are today in better balance. 255 N Adams Ave Suite D (827.53 mi) Lebanon, … Lebanon has been grappling with its worst economic crisis since the 1975-1990 civil war. 403 people like this. In addition, the potentially lucrative fields of wellness tourism, medical tourism, nutrition, and wellness services from yoga to life coaching can all be advanced to realize better economic and health outcomes. Common categorizations apparently are unable to quantify the role of health in the economy in the way that agriculture and mining can be quantified. Like humans, animals also suffer from various diseases and thus require proper care from veterinarians and pet owners. Also, with regard to the ambitious Lebanese entrepreneurship sector, which has throughout the decade been striving to make the best of new opportunities in the knowledge economy, IT, and mobile applications, health-tech entrepreneurs tell Executive of unnecessary obstacles and missed growth opportunities. 402 people follow this. VAT No. 1. 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