Bulgaria Pharmaceuticals & Healthcare Report Q4 2015 - New Study Released

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

Strong pharmaceutical sales growth in 2015 will be moderated over the medium term by cost containment measures. Healthcare payers in Central and Eastern Europe will become increasingly assertive in using their purchasing power to demand discounts from drugmakers in order to contain rising healthcare costs. The announcement of a joint procurement drive with Romania will increase pricing pressures on pharmaceutical manu facturers over the long term.

Headline Expenditure Projections

Pharmaceuticals: BGN2.53bn (USD1.72bn) in 2014 to BGN2.71bn (USD1.52bn) in 2015; -7.0% in local currency terms and -11.5% in US dollar terms. Forecast revised upwards from Q 3 15.

Full Report Details at
- http://www.fastmr.com/prod/1038212_bulgaria_pharmaceuticals.aspx?afid=301

Healthcare: BGN6.16bn (USD4.18bn) in 2014 to BGN6.38bn (USD3.58bn) in 2015; -3.7% in local currency terms and -14.2% in US dollar terms. Forecast revised upwards from Q315.

Risk/Reward Ratings: In Q4 2015, Bulgaria's Risk Reward Index (RRI) score (48.2) has fallen below the regional average (49.3). However, given that regional scores on the whole have fallen relative to Bulgaria, Bulgaria's ranking has risen from 12th to 11th in our Risk Reward Index.

Key Trends And Developments

In July 2015, Bulgaria's National Health Insurance Fund (NHIF) announced that it will raise the reimbursement levels for outpatient drugs and cancer treatment in 2016. The NHIF's supervisory council has approved amendments to Ordinance No. 10, which provides the procedure related to the drugs' reimbursements. The amendment will force marketing authorisation holders (MAHs) to offer discounts to the NHIF in case their products are reimbursed.

In July 2015, Bulgarian Health Minister Petar Moskov withdrew a set of legal amendments allowing the privatisation of hospitals.

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

Key Benefits

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

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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