What are the features & differences between regulated, semi-regulated and unregulated pharmaceutical markets?

Question

Please do provide with the major countries falling under these three heads.

Answer 1

Regulated to unregulated refers to the spectrum of control a govt institutes in the pharmaceutical industry, from requiring papers of R&D depts, reviewing results of clinical drug trials, and controlling the environment in which a drug is manufactured through tough licensing laws. Some countries make you jump through hoops, others could care less, or they have laws in writing which are not diligently enforced.

The changing dynamics of the global pharmaceutical industry especially that of the regulated markets like USA and Europe have presented a number of opportunities for Indian Pharmaceutical Industry to capitalize on.

Japan, the world's third largest and one of the most regulated pharmaceutical markets globally, is emerging as the new attractive destination for Indian drug majors.

The Latin American (Latam) pharmaceutical market is a semi-regulated market. Brazil is the largest pharmaceutical market in South America and ranks eleventh globally. “It is an attractive semi-regulated market, offering immense opportunities for speciality pharmaceutical companies,” Glenmark said.

The Government of Lebanon continuously tries to control and limit medication costs. The market for medications, which
accounts for 35-40 percent of health care expenditures, is largely unregulated.

For sources, pls refer to the links.

Answer 2

Regulated Market Definition