“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. Privacy • About • Bulletin • Advertise • Jobs • Contact •. Section 0 General Info 0.01 Contact Info 0.01.01 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 … Sales agents may be compensated based on a consumer’s … 64 check-ins. Send mail. “Although we haven’t witnessed tremendous growth in GDP in Lebanon in recent years, there has been growth in the market for health insurance. 5. 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. Tax increases introduced by the Lebanese government to reduce the country’s large public debt diminished disposable incomes available for consumer health. But if you are not able to govern a system of multiplicity, you have a fragmented system that is inefficient.”, There is room, firstly, to further improve the medical system. Sales agents may be compensated based on a consumer’s … 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. The production of health goods and services has increased international trade and the manufacture of goods for export. 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. 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. 5 out of 5 stars. Interested in more insights? 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. 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. Political developments since 2007 have precluded the development of a Decent Work Country Programme. If you're in the Consumer Health industry in Lebanon, our research will save you time and money while empowering you to make informed, profitable decisions. HealthMarkets searches thousands of insurance plans from more than 200 insurance companies to find t... See More. Inform your marketing, brand, strategy and market development, sales and supply functions. 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. Service and product availability varies by state. 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. Research by GlobeMed shows some interesting trends in the number of nosocomial infections (infections contracted in hospital and requiring additional treatment). 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. Population aging around the world and increased patient preference for value-based healthcare are anticipated to fuel market growth. This is illustrated by the newly revived 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. Opens in 20 minutes. 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. 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. 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. 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. However, as Executive examined different health-related fields of the Lebanese economy, it appeared that the proverbial glass is still eminently fillable. 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. Like humans, animals also suffer from various diseases and thus require proper care from veterinarians and pet owners. Not all agents are licensed to sell all products. 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. 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. 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. 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. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. Panic buyers swarmed supermarkets after reports the government planned to [media-credit name=”Ahmad Barclay & Thomas Schellen” align=”alignright” width=”590″][/media-credit]. Lebanon health workers warn of COVID ‘catastrophe’ as cases surge. 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. In describing the multiplicity of the Lebanese health system, we now use [the term] diversity, which has positive connotations. 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. [This fragmented system] is difficult to govern. Lebanese rely heavily on pharmaceuticals. “In describing this situation, we usually spoke of fragmentation, which has a negative connotation,” explains Walid Ammar, the director general at the MoPH. Sales agents may be compensated based on a consumer’s … Occupancy rate of intensive care units jumps to 90 percent after authorities relax curfew ahead of holiday season. Diversity is very important, as it gives you flexibility and this means you can adapt to unpredictable situations. These skyrocketing securities—or the ones that analysts expect to skyrocket—are called … 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. Our Story. Lebanon's previous record of virus … Arab Health is the leading digital & events platform in the healthcare sector. 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. Not all agents are licensed to sell all products. 402 people follow this. Community See All. Many countries have health expenditures representing between 7 and 9 percent of their GDP. 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. Diversity is very important, as it gives you flexibility and this means you can adapt to unpredictable situations. Find great deals and sell your items for free. He has been reporting on Middle Eastern business and economy for over 20 years. The resulting costs are staggering and could be reduced by investing more attention and resources into the treatment of mental disorders . 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. 403 people like this. There is room, firstly, to further improve the medical system. 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. But if you are not able to govern a system of multiplicity, you have a fragmented system that is inefficient.”. 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 other players operating in the animal health market are C.H. 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. 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. 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. New and used Health & Beauty for sale in New Market, Indiana on Facebook Marketplace. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and DC. 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. All this potential comes with the caveat intrinsic to all dealings with the market for medical care. 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. 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. Good health on systemic level: a function of quality supply, evidentiary decisions, and collaborative governance. 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). 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. 255 N Adams Ave Suite D (827.53 mi) Lebanon, … For decades, the market has been controlled by some two dozen importers. In describing the multiplicity of the Lebanese health system, we now use [the term] diversity, which has positive connotations. This growth was mainly because of higher health inflation when compared with GDP inflation in Lebanon. 2,249 likes. Wellness around the world. 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. Gain competitive intelligence about market leaders. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. 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. Since the ILO ROAS opened its doors in … Upward outliers, mostly from member countries in the Organization for Cooperation and Development, clock in above 9 percent. (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). 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. Lebanon’s national health indicators (see infographic) show values that are today in better balance. In a changing world and with limited resources we realise it’s more … Kyler Clinkenbeard - HealthMarkets Insurance (Lebanon, MO) Insurance Broker in Lebanon, Missouri. [This fragmented system] is difficult to govern. 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. How Does It Work? Lebanon's health minister had said the first batch of vaccines is expected in February. The econ, Health care services intact but compromised, Health care infrastructure under pressure, Pandemic creates surge for MENA fintech development. HealthMarkets.com is the home of Health Markets, a company that says their goal is to help people find the right insurance coverage at the right price, and have to date helped more than one million customers meet this goal. “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. Save my name, email, and website in this browser for the next time I comment. Just to give an idea of its dimensions, European pharmaceutical exports, according to statistics portal Eurostat, have more than tripled since 2002, going from less than 50 billion euros to over 153 billion euros in 2017, and imports grew similarly, from about 26 billion euros in 2002 to 76.7 billion in 2017. We’re at the very heart of the sector. Boehringer Sohn AG & Co. KG, Dechra Pharmaceuticals, Nutreco N.V., and Phirbo Animal Health, Zoetis. 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 … 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. Service and product availability varies by state. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov. Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. 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. Lebanon has imposed an 11-day total lockdown following a sharp rise in Covid-19 infections. BEIRUT- Lebanon's caretaker health minister signed a final deal on Sunday to secure 2.1 million doses of Pfizer-BioNTech's COVID-19 vaccine as the country battles a steep rise in infections. For example, OOP health expenditure dropped from 6.2 percent of GDP in 2000 to 2.4 percent in 2015. Nearly 44% of all health care spending is on drugs, compared to around 17% percent in Western nations, according to a BlomInvest Bank study. 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. People shop at a supermarket as they begin to stock up on provisions, in Beirut, Lebanon, Monday, Jan. 11, 2021. 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. 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