Service and product availability varies by state. Wellness as a concept has existed since ancient times: the Indian Ayurveda system of medicine, based on the belief … What are the main trends in OTC Healthcare? Consumer health registered below-inflation growth in 2019, as consumers remained cautious in their spending. 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. Since the ILO ROAS opened its doors in … 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 … Delivery: Files are delivered directly into your account within a few minutes of purchase. Diversity is very important, as it gives you flexibility and this means you can adapt to unpredictable situations. Sales agents may be compensated based on a consumer’s … 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. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and DC. 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. 255 N Adams Ave Suite D (827.53 mi) 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. 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. 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. Not all agents are licensed to sell all products. 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. Like humans, animals also suffer from various diseases and thus require proper care from veterinarians and pet owners. 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. 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. Sales agents may be compensated based on a consumer’s … Service and product availability varies by state. All this potential comes with the caveat intrinsic to all dealings with the market for medical care. However, some economies (for example, on the Indian subcontinent and in Sub-Saharan Africa) allocate less than 4 percent of GDP to health spending. In describing the multiplicity of the Lebanese health system, we now use [the term] diversity, which has positive connotations. Track key industry trends, opportunities and threats. Many countries have health expenditures representing between 7 and 9 percent of their GDP. 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. 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. According to the World Health Organization (WHO), there were 703 million persons aged 65 years or over in the world i… 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 … Inform your marketing, brand, strategy and market development, sales and supply functions. 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. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! 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. Wellness around the world. Tax increases introduced by the Lebanese government to reduce the country’s large public debt diminished disposable incomes available for consumer health. Lebanon health workers warn of COVID ‘catastrophe’ as cases surge. 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. 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