Political developments since 2007 have precluded the development of a Decent Work Country Programme. 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. Panic buyers swarmed supermarkets after reports the government planned to The 2018 Healthcare Access and Quality (HCAQ) index by international medical journal The Lancet, for example, ranks Lebanon in 33rd place with 86 points (in a previous HCAQ edition, Lebanon was ranked 31st with the same score), rubbing shoulders with European nations like Estonia and Portugal. 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. Lebanon’s capital Beirut is home to the ILO Regional Office for the Arab States (ROAS), where it has been located since 1976. Best Growth Stocks - Best Stocks to Buy Now. Population aging around the world and increased patient preference for value-based healthcare are anticipated to fuel market growth. 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. No longer is the number of medical doctors higher than the number of nurses, and the number of hospital beds is moving away from previous congestion that was sometimes characterized by questionable quality, toward a more balanced supply, also in comparison with the primary healthcare … Our Story. “But it is not at all certain how long the insurance sector in Lebanon will be able to keep going without increasing premiums massively.”. Gain competitive intelligence about market leaders. 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. 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. How Does It Work? 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. 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. Sales agents may be compensated based on a consumer’s … 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. Arab Health is the leading digital & events platform in the healthcare sector. In describing the multiplicity of the Lebanese health system, we now use [the term] diversity, which has positive connotations. 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. The Boone County Health Department protects and promotes the health of all residents and visitors of Boone County. 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. Sometimes, a stock will outpace the rest of the market in terms of growth. A whole new experience for a higher return on investment. Sales agents may be compensated based on a consumer’s … Talking about hospitals in Beirut, the rate of these infections has decreased by 60 or 70 percent,” says GlobeMed’s Abou-Chacra. 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. 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. The econ, Health care services intact but compromised, Health care infrastructure under pressure, Pandemic creates surge for MENA fintech development. Nearly 44% of all health care spending is on drugs, compared to around 17% percent in Western nations, according to a BlomInvest Bank study. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. 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. 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. 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. 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. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. Opens in 20 minutes. According to the World Health Organization (WHO), there were 703 million persons aged 65 years or over in the world i… 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. The ministry is also cooperating with the private sector to secure 2 million vaccine doses from Astrazenca and … 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. “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. For example, OOP health expenditure dropped from 6.2 percent of GDP in 2000 to 2.4 percent in 2015. 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. 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. 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. 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. Consumer health registered below-inflation growth in 2019, as consumers remained cautious in their spending. “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. New and used Health & Beauty for sale in New Market, Indiana on Facebook Marketplace. According to the Ministry of Public Health (MoPH) in Lebanon, the national spend on healthcare as share of GDP is 7.5 percent. We’re at the very heart of the sector. Interested in more insights? 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. 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. 2,249 likes. Pharmaceutical Sector Country Profile Questionnaire. A number of international healthcare rankings indicate that Lebanon is on a trajectory of continuous improvements in coverage and performance. The other players operating in the animal health market are C.H. Lebanon's previous record of virus … For decades, the market has been controlled by some two dozen importers. 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. Diversity is very important, as it gives you flexibility and this means you can adapt to unpredictable situations. However, when I look at all markets under my responsibility, Lebanon has been performing resiliently over the years. 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