Croatia Pharmaceuticals & Healthcare Report Q4 2015 - New Market Study Published

From: Fast Market Research, Inc.
Published: Sun Aug 30 2015

The Croatian Health Insurance Fund ( HZZO )'s independence will enable it to further rationalise its healthcare expenditure without political interference. We see the HZZO utilising its purchasing power to drive down drug prices from pharmaceutical companies in return for wider reimbursement coverage. As a result, pharmaceutical sales growth in Croatia wi ll be moderated over the medium- term , with negative implications for multinational drugmakers.

Headline Expenditure Projections

Pharmaceuticals: HRK6.83bn (USD1.20bn) in 2014 to HRK6.55bn (USD936mn) in 2015; -4.0% in local currency and -21.9% in US dollar terms. Forecast unchanged from Q 3 15.

Full Report Details at

Healthcare: HRK22.71bn (USD3.99bn) in 2014 to HRK22.03bn (USD3.15bn) in 2015; -3.0% in local currency and -21.1% in US dollar terms. Forecast revised slightly upwards from Q 3 15.

Risk/Reward Index

Despite its accession to the EU, Croatia offers little growth over the long term. Croatia has a Risk/Reward Index (RRI) score of 42.9 out of 100, making it the 17th most attractive pharmaceutical market in Central and Eastern Europe. Croatia's RRI score in Q415 has not changed compared to Q315, but its score remains poor owing to the depreciation of the Croatian kuna against the dollar and our concerns over the country's economic outlook impacting our pharmaceutical sales forecasts.

Key Trends And Developments

In June 2015, the director of the HZZO, Tatjana Trupec, stated that upcoming proposed changes to Croatian healthcare legislation will enable the easier inclusion of new drugs to the positive reimbursement list.

In June 2015, the director of the HZZO also stated that upcoming reform will abolish the HZZO's policy of separating reimbursed medicines into a basic and supplementary list. Drugs on the supplementary list will be phased onto the basic list.

The Croatia 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 Croatia Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Croatia pharmaceutical and healthcare industry.

Key Benefits

* Benchmark BMI's pharmaceutical and healthcare market forecasts for Croatia, to test other views - a key input for successful budgeting and strategic business planning in the Croatian pharmaceutical and healthcare market.
* Target business opportunities and risks in the Croatian pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Croatia.

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