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The Pharmaceutical Market: Slovakia

Slovakia pharmaceutical market: New market research published


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2014-03-10 23:11:01 - The Pharmaceutical Market: Slovakia - a new market research report on companiesandmarkets.com

Slovak Prime Minister Robert Fico plans to unify the country´s private and public health insurance funds into a single state-owned insurer, but there is likely to be a lengthy negotiation and a legal battle before this is realised. We do not expect either of the two private insurers - Dôvera or Dutch-owned Union - will surrender their businesses without a fight, with Union in particular well-placed toopposethe move, potentially invoking EU law on protectionism. The outcome of thissteptowards a single insurer is broadly neutral for BMI´s healthcare expenditure projections and is unlikely to have any meaningful impact until 2014 at the earliest, after which it would be negative for private healthcare providers.

Headline Expenditure Projections

Pharmaceuticals: EUR1.72bn (US$2.39bn) in 2011 to EUR1.65bn

 

 

(US$2.10bn) in 2012; -3.8% in local currency terms and -12.1% in US dollar terms. Local currency f orecast broadly unchanged from Q4 12.

Healthcare: EUR5.92bn (US$8.23bn) in 2011 to EUR6.03bn (US$7.65bn) in 2012; +1.7% in local currency terms and -7.0% in US dollar terms. Local currency f orecast slightly lower from Q4 12, on account of new historical trends.

Medical devices: EUR396mn (US$550mn) in 2011 to EUR396mn (US$503) in 2012; +0.2% in local currency terms and -8.4% in US dollar terms. Local currency f orecast considerably lower from Q4 12, on account of new historical data.

Competitive Landscape

The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.

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