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Bulgaria Pharmaceuticals and Healthcare Report Q3 2013

Bulgaria pharmaceuticals market: $1.58bn industry in 2013


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2014-04-24 08:43:01 - Bulgaria Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com

According to industry sources, the Bulgarian pharmaceuticals market has reached a standstill.

This is expected to continue throughout 2013, due to the decline in drug prices and the stagnant health insurance fund budget. We expect that the market will post single-digit value increase, on account of inflationary pressures and continued volume demand. Political uncertainty will also add to the negative pressures affecting the wider healthcare market.

Headline Expenditure Projections

- Pharmaceuticals: BGN2.22bn (US$1.46bn) in 2012 to BGN2.31bn (US$1.58bn) in 2013; +3.8% in local currency terms and +8.0% in US dollar terms. Local currency forecast broadly in line with Q213 figures.

- Healthcare: BGN5.60bn (US$3.68bn) in 2012 to BGN5.77bn (US$3.94bn) in 2013; +3.0% in local currency terms and +7.1% in US dollar terms. Local currency

 

 

forecast broadly in line with Q213 figures, despite slight upward revision of historical figures.

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