GlobalData uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. 2011;17(10):784-93. Pharmaceutical pricing in Europe. In this approach, health authorities or regulators mandate price reductions that are necessary for the reimbursement price or for determining the price [15, 29]. You may contact us at any time to opt-out. active ingredients, in which their products were listed in the top 10 products sold in Saudi Arabia during the period of 2010â2015 [, Descriptive comparisons of medicine prices were made based on the official prices of medicines, i.e. Salhia HO, Ali A, Rezk NL, El Metwally A. Pricing of oral generic cancer medicines in 25 European countries; findings and implications. BMC Health Serv Res. 25. Verghese NR, Barrenetxea J, Bhargava Y, Agrawal S, Finkelstein EA. Xiong Y, Cui Y, Zhang X. 3.2 Procurement & Reimbursement Policies 4. Decomposing changes in the growth of U.S. prescription drug use and expenditures, 1999-2016. Appl Health Econ Health Policy. These agreements are used to facilitate the entry and funding of some new medicines, especially when it is challenging to determine the prices of newly launched medicines because of the uncertainty of their future effectiveness and the value that the medicine will offer in real life situations, beyond just clinical trials . However, imported generic medicines with high technological features are priced 30%â35% lower than the innovatorâs product . Health Policy. The first generic medicine is priced 35% lower than the pre-patent price of the original brand medicine, with subsequent generic medicines priced at least 10% lower, until the fourth generic medicine. In fact, in addition to the initial reductions in the prices of medicines, there are different subsequent methodological specifications, strategies, and interventions that lead to further reductions in medicine prices in many countries [16, 32, 43]. Some drugs or medical materials are banned in Saudi Arabia, and importing them into the country is illegal. There was only one generic version of esomeprazole during the study period. Moodley R, Suleman F. The impact of the single exit price policy on a basket of generic medicines in South Africa, using a time series analysis from 1999 to 2014. 2018;38(3):269-78. retail prices for consumers. From inception, the health care system in Saudi Arabia has ensured the availability of health care facilities to its people. These large, centralized tenders utilize the power of group purchasing and help to provide further cost savings [1, 44]. Multiple policies to enhance prescribing efficiency for established medicines in Europe with a particular focus on demand-side measures: findings and future implications. Saudi Journal for Health Sciences. Pharmaceutical expenditures make up a large component of overall health expenditures [6–21], representing approximately 20%â60% of the health expenditures in low- and middle-income countries (LMICs) and approximately 18% of the health expenditures in the Organisation for Economic Co-operation and Development (OECD) countries . This paper mentions the prevalence of rare conditions in Saudi Arabia â¦ Also, the same package size was considered since medicines in retail community pharmacies usually sell products in their original packages. The Saudi Arabia Pharmaceuticals market estimated to be valued US$ 5,748 Mn in 2017 and poised to grow at CAGR 6.7%. World Health Organization. 6. 2019;14(7):e0219690. Kwon H-Y, Yang B, Godman B. The price ratio of generic medicine to the original brand medicine was 0.81. The price ratio between the lowest priced medicine and its original brand medicine was 0.58â0.30. 30. Prada SI, Soto VE, Andia TS, Vaca CP, Morales ÃA, MÃ¡rquez SR, et al. Arabic. CHAPTER 8 BIBLIOGRAPHY 110 The study calculated the absolute price difference between the original brand medicine and the generic medicine in Saudi Arabian Riyals (SAR) and it calculated the generics to original brand medicine price ratio. This is particularly important since there is a general preference towards original brand medicines in Saudi Arabia  with negative perceptions towards generic medicines [45–48]. This paper mentions the prevalence of rare conditions in Saudi Arabia, discusses the current reimbursements methods and policies in â¦ Subsequent reductions are made based on a price-disclosure policy. [cited 2020 Jan 23 ]. The objective of the study was to assess the extent to which the private healthcare sector in Saudi Arabia follows international best practices in reimbursement, as identified in a literature review. Please complete the form below, you will then be provided immediate access to the pages you have requested. Moreover, only 47.9% of physicians surveyed by Salhia et al. [cited 2020 Jan 23 ]. 38. However, this study has some limitations. Large comprehensive studies in this area are needed to further analyse the aspects of this policy for future improvement and revisions. Available from: https://apps.who.int/iris/bitstream/handle/10665/153920/9789241549035_eng.pdf Arabic. 40. Available from: https://www.sfda.gov.sa/ar/drug/drug_reg/Pages/drug_reg.aspx In Norway, a stepped price model has been adopted. Godman B, Shrank W, Andersen M, Berg C, Bishop I, Burkhardt T, et al. 2016;120(12):1412-9. There was only one generic version registered in the same dosage form. PloS One. 2013;13(1):390. External price referencing refers to the practice of determining the price of a medicine in a given country by considering the prices of the medicine in other countries in which the product is marketed. Generic medicines are priced by taking into consideration the criteria as stipulated in. Pharmaceuticals. Mark Access Health Policy. The overall generic medicine to original brand medicine price ratio was 0.87â0.30. The key features of this policy are as follows: Regulating mark-ups in the pharmaceutical supply chain Currently, the Saudi Food and Drug Authority (FDA), established in 2003, is the national regulatory body responsible for the registration and approval of medicines, including the pricing of medicines . In addition, there was a large variation among the prices of the generic versions of tadalafil, with the generic medicine to generic medicine price ratio was 0.9â0.71. This policy has been implemented in many European countries, such as Austria, Belgium, Switzerland, Germany, Estonia, Finland, France and Ireland . 42. The former for smuggling cannabis, illegal opiates, and amphetamines, and the latter for trafficking heroin. As shown in Table 6, the price comparison was conducted for atorvastatin (40 mg) film-coated tablets, available in a package size of 30 tablets. Copyright Â© 2020 Pro Pharma Communications International. [homepage on the Internet]. Yoo K-B, Lee SG, Park S, Kim TH, Ahn J, Cho M-H, et al. 10. +44 20 7947 2745. Journal of Generic Medicines. 2010;3(3):471-81. Pharmaceutical Prices in the 21st Century: Springer; 2015. p. 59-78. 7. Regarding the Saudi pharmaceutical sector, it depends heavily on imported pharmaceuticals from the US, Europe and some other the Gulf Cooperation Council (GCC) countries [1, 5]. Saudi Arabia - Diabetes Drug Market . 4. Business Monitor International. This needs to target both healthcare professionals and medicine consumers. [The rules of pricing of medicines 2011]. Mark-ups are determined by Article 13 of the Pharmaceutical Institutions and Products Law, as summarized in, A price comparison between the original brand medicine, i.e. Pantoprazole Figure 13: Biosimilars, Saudi Arabia, 2019. However, the price difference between the other subsequent generic versions and the original brand medicine varies widely, but generally it is considered large. Currently, the Saudi Food and Drug Authority (FDA), established in 2003, is the national regulatory body responsible for the registration and approval of medicines, including the pricing of medicines [, Medicine prices are determined according to pharmaceutical pricing rules and policies, which were approved by the Saudi FDA and have been implemented since November 2011 [, General considerations: In general, when determining the prices of medicines, according to pharmaceutical pricing rules and policies, there are nine factors/criteria that need to be considered, see. In addition, market completion can further decrease medicine prices. Front Pharmacol. Pharmaceuticals. In addition, there was a large variation among the prices of the generic versions of diclofenac, where the generic medicine to generic medicine price ratio was 0.9â0.35. The "Saudi Arabia Diabetes Drug & Insulin Delivery Device Market Opportunity Outlook 2025" report has been added to ResearchAndMarkets.com's offering. Value-based pricing is used to determine the prices of new medicines based on the therapeutic value of the medicine. 49. J Generic Med. Top 10 most used drugs in the Kingdom of Saudi Arabia 2010â2015. Moreover, the current policy resulted in large price differences among medicines, including medicines of the same molecule. Your data will never be shared with third parties, however we may send you information from time to time about related third party products that may be of interest to you. An Overview About Rare Diseases in Saudi Arabia and Reimbursement of Orphan Drugs Mai F. Alsaqa’by1*, Nagwa Ibrahim2 1 Pharmaceutical Care Division, King Faisal Specialist Hospital and Research Center, Riyadh, Saudi Arabia. the association between low price and low quality and effectiveness, as reported in the literature [49–52]. Vitry AI, Thai L, Roughead EE. Hence, to promote generic medicines, especially low-priced generic medicines, demand-side policies particularly educational activities and campaigns are needed to promote the cost-effective use of medicines. 35. Ministry of Health of Saudi Arabia. 50. Saudi Food and Drug Authority (SFDA). However, the private healthcare sector has grown in recent years and is now considered an essential component of the Saudi healthcare system [, Pharmaceutical expenditures make up a large component of overall health expenditures [, In view of this tremendous increase in expenditure, which threatens the sustainability of healthcare systems, many countries have introduced strategies and policies, including pharmaceutical pricing policies, to control medicine prices, to ensure medicine affordability and accessibility, to ensure price stability, to promote innovation, and to maintain pharmaceutical production [, In Saudi Arabia, historically, medicine prices have been determined by the Ministry of Health. Methods: A description of the current pharmaceutical policy is presented by reviewing the current official documents and regulations related to pharmaceutical pricing in Saudi Arabia. Front Pharmacol. Generics and Biosimilars Initiative Journal. Global Vernal Keratoconjunctivitis (VKC) Industry Insights 2017-2030: Epidemiology, Pipeline, Drugs, Reimbursement Scenario, Unmet Needs, Competitive Intelligence ... followed by Saudi Arabia. Tadalafil Pataky R, Tran DA, Coronado A, Alvi R, Boehm D, Regier DA, et al. public and private sector. 2012;1(2):69-83. doi:10.5639/gabij.2012.0102.017 The Saudi National Pharmacovigilance Center (SNPC) or NPC, was inaugurated in March 2009 in Riyadh, Saudi Arabia [9,10]. Evaluating community pharmacistsâ perspectives and practices concerning generic medicines substitution in Saudi Arabia: a cross-sectional study. Saudi Arabia imposes extreme penalties for the import, manufacture, â¦ Thank you for your request. The price ratio between the lowest priced medicine and its original brand medicine was 0.58â0.30. Kaplan WA, Ritz LS, Vitello M, Wirtz VJ. Roughead EE, Kim D-S, Ong B, Kemp-Casey A. Figure 16: Pharmaceutical Market, Saudi Arabia, Sales of Patented Drug Products by Major Therapeutic Class, 2010â2015. GlobalData provides unique and market-leading data and insights into the automotive market. Atorvastatin 4. The generic medicine will be priced 15% lower than the original brand medicine price after the reduction. Schumock GT, Stubbings J, Wiest MD, Li EC, Suda KJ, Matusiak LM, et al. Disclosure of Conflict of Interest Statement is available upon request. Moreover, similar to many other countries, this has steadily increased in recent years. 21. The generic medicine to original brand medicine price ratio was 0.81â0.58. The price reductions depend on the annual sales of the original brand medicine before generic competition, as well the time of generic competition establishment. 2018;6(3):E292-E9. In addition, some generic medicines imported from high income countries were cheaper than the medicines manufactured locally or from other countries within the Middle East. These factors include the increase in the prevalence of diseases, e.g. This pilot study examines reimbursement practices in private healthcare centers in the Eastern Province of Saudi Arabia. In addition, they had to be the same in terms of other characteristics that could affect the price, e.g. Cost Eff Resour Alloc. In addition, the prices of off-patent medicines are required to be reduced by 15%â19% upon registration of the 1st generic medicine [14, 42]. Saudi Arabia: Pharmaceutical Industry: 0.770: 3.9%: Astra Industry: Astra Industries (AI) is one of the leading industrial conglomerates in the Kingdom of Saudi Arabia Comprises a group of companies. Medicine prices are strictly controlled through the pharmaceutical pricing policy in Saudi Arabia. 3.1 Pricing Policies 2020;9(1):14-21.DOI: 10.5639/gabij.2020.0901.003. 2018;4(3). Godman B, Hill A, Simoens S, Kurdi A, GulbinoviÄ J, Martin A, et al. 53. Available from: https://www.sfda.gov.sa/en/drug/search/Pages/default.aspx. 17. Saudi ArabiaSaudi Arabia Pricing Regulations â¢Article 12: Pricing Regulations - Calculation of drug price is based on Ex-factory or Cost, Insurance and Freight (CIF) price into Saudi Arabia in the currency of the country of origin, or, the currency specified by the Ministry of Health. Diclofenac Overall, there were significant differences in the prices of the generic medicines compared to the original brand products. Albarraq AA. In: Health at a Glance 2017: OECD Indicators. Hence, educational campaigns need to highlight the facts regarding generic medicines, which are clinically interchangeable with the original brand medicines, with the same quality, safety, and effectiveness, (the only difference is their cheaper prices). Contact the publisher to obtain permission before redistributing. Official List of registered drugs and herbal products-2019 [homepage on the Internet]. Introduction: Many countries have introduced policies and strategies to limit pharmaceutical expenditures. The analysis was performed for prescription medicines, i.e. film coating. Saudi Arabia pharmaceutical country profile 2012 [homepage on the Internet]. 36. Overall, there were significant differences in the prices of the generic medicines compared to the original brand products. Due to this large difference, the cost savings will depend on the product that is prescribed or procured by the health organization. The experiences of implementing generic medicine policy in eight countries: a review and recommendations for a successful promotion of generic medicine use. Southern Med Rev. In Australia, a 16% reduction in price is made when the first generic medicine is added to the national scheme. Dublin, Sept. 15, 2020 (GLOBE NEWSWIRE) -- The "Saudi Arabia Diabetes Drug & Insulin Delivery Device Market Opportunity Outlook 2025" report has been added to ResearchAndMarkets.com's offering. This is commonly evaluated through heath technology assessment (HTA) or pharmacoeconomic evaluations, such as cost-effectiveness analysis, cost minimization, and costâbenefit analysis [11, 32].
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