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Slovakia Pharmaceuticals and Healthcare Report Q1 2014

Slovakia Pharmaceuticals and Healthcare Market: New market analysis released

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2014-02-10 00:17:01 - Slovakia Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on

Nationalisation of the two largest, private health insurers have seen further setbacks as the treasury states that there is not enough funding to purchase majority stakes from shareholders and integrate them into the state insurer. We believe Prime Minister Robert Fico´s government is losing the momentum to push through the changes needed to bring about the nationalisation, and therefore now believe it unlikely to go ahead. We forecast further generic uptake and greater co-payments by patients towards the cost of healthcare, in line with an established trend we see playing out in Eastern Europe. We believe growth in pharmaceutical spending will be weak as resources will be focused in long-term care and healthcare services as Slovakia´s ageing population increases its



demand on the healthcare system.

Headline Expenditure Projections:

- Pharmaceuticals: EUR1.67bn (US$2.12bn) in 2012 to EUR1.67bn (US$2.22bn) in 2013; -0.2% in local currency terms and 4.5% in US dollar terms. Figures unchanged from Q413.

- Healthcare: EUR6.29bn (US$7.99bn) in 2012 to EUR6.47bn (US$8.61bn) in 2013; +2.8% in local currency terms and 7.7% in US dollar terms. Slight revision upward owing to better than expected GDP growth figures and rising private healthcare spending.

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Mike King
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