(MENAFNEditorial)
Hospitals' and doctors' medical fees are symptomatic of the chronic inefficiency of healthcare funding within Slovakia. This is underscored by the Organisation for Economic Co-operation and Development (OECD)'s finding that even though healthcare spending in Slovakia was 8.1% of GDP in 2012 - below the OECD average of 9.3% - the share of private funds on health expenditure in the country is 22.4% higher than the OECD average of 19%. This indicates that funds are wasted. Nevertheless Slovakia continues to be an attractive Pharmaceutical market for large multi-nationals because it generally offers significant potential as a location for pharmaceutical research.
Headline Expenditure Projections
* Pharmaceuticals: EUR1.67bn (USD2.20bn) in 2013 to EUR1.68bn (USD2.26bn) in 2014; 1.0% in local currency terms and 2.5% in US dollar terms. Forecast higher than in Q414.
* Healthcare: EUR6.02bn (USD7.95bn) in 2013 to EUR6.09bn (USD8.16) in 2014; 1.2% in local currency terms and 2.7% in US dollar terms. Forecast higher than in Q414.
Full Report Details at
- http://www.fastmr.com/prod/977541_slovakia_pharmaceuticals_healthcare_report_q2.aspx?afid=101
Risk/Reward Index
Slovakia's risk score in Q115 indicates the country has one of the best business environments in the Central and Eastern European region although its ranking is moderated by its less-than-impressive rewards score. Consequently Slovakia has an RRI score of 56.4 out of 100 making it now the fourth-most attractive pharmaceutical market in Central and Eastern Europe. This is two positions better than in Q414.
Key Trends And Developments
* In November 2014 Slovak Health Minister Zuzana Zvolenska of the ruling centre-left Smer-SD party resigned over allegations that medical devices for a state-administered hospital were procured at abovemarket prices from a firm with political ties.
* In September 2014 Slovakian state-owned health insurer Vseobecna Zdravotna Poistovna (VsZP)'s total number of policyholders waiting to undergo planned medical procedures reportedly declined to 4960 as of August 31 2014 the...
The Slovakia Pharmaceuticals & Healthcare Report features BMI Research's forecasts for drugs and healthcare expenditure and imports and exports focusing on the growth outlook for the prescription OTC patented drugs and generics market segments.
BMI's Slovakia Pharmaceuticals & Healthcare Report provides industry professionals strategists company executives investors analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Slovakia pharmaceutical and healthcare industry.
Key Benefits
* Benchmark BMI's pharmaceutical and healthcare market forecasts for Slovakia to test other views - a key input for successful budgeting and strategic business planning in the Slovak pharmaceutical and healthcare market.
* Target business opportunities and risks in the Slovak pharmaceutical and healthcare sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Slovakia.
* Assess the activities strategy and market position of your competitors using our company profiles (including SWOTs KPIs and latest activity) and competitive landscape tables.
Coverage
BMI Industry ViewAn at-a-glance perspective on the latest regulatory developments key forecast indicators and major corporate developments covering the prescription OTC and generics markets. The pharmaceuticals and healthcare SWOT outlines strategic factors that affect the basic assumptions underpinning BMI’s forecast analysis and taken together with BMI’s political economic and business environment SWOTs it gives a complete overview of market climate.
BMI Industry Forecast ScenarioIndustry forecasts to end-2019 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Healthcare: Total healthcare expenditure (USDbn) healthcare expenditure (% of GDP) healthcare expenditure per capita (USD) hospital beds doctors and birth & mortality rates (all per ‘000 population).
* Pharmaceutical Market: Drug expenditure in USDbn % of GDP and per capita (USD).
* Patented Drug Market: Prescription drug sales (USDbn & % of total sales).
* Generic Drug Market: Generic product sales (USDbn) generic sales (% of total sales).
* OTC Drug Market: OTC sales (USDbn & % of total sales).
* Macroeconomic Forecasts: Nominal and real GDP % real GDP growth % private consumption growth % industrial output growth % consumer price index % GDP price deflator exports imports trade balance current account balance foreign direct investment exchange rate against USD government expenditure and external debt.
BMI’s Pharmaceuticals and Healthcare Risk Reward IndexBMI’s Risk Reward Index provides investors (both national and multinational) looking for opportunities in the region with a clear country-comparative assessment of the market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Market SummaryA snapshot of key market characteristics including total size of the pharmaceuticals and healthcare segments growth drivers leading therapeutic areas and the competitive landscape
Industry DevelopmentsA focus on government healthcare reforms epidemiological trends mergers and acquisitions product launches market entries FDI activity R&D biotechnology clinical trials and supply chain issues.
Regulatory RegimeDetails of the industry regulatory framework and key legislation covering the licensing of new products/services pricing and reimbursements intellectual property taxation and advertising as well as analysis of the overall regulatory burden.
Competitive LandscapeThe competitive landscape section provides comparative company analyses and index by USD sales and % share of total sales – for the total pharmaceutical sector as well as the OTC generics and distribution sub-sectors.
Company Profiles*
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