New Healthcare research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 12/26/2013 -- Political uncertainty will continue to mar any real progress in tackling funding shortages with which the Bulgarian healthcare system is grappling. While volume demand will continue to shape the development of the country's pharmaceutical market, we expect Bulgaria's wider operating environment to remain below par, in the short term at least.
Headline Expenditure Projections
- Pharmaceuticals: BGN2.22bn (US$1.46bn) in 2012 to BGN2.32bn (US$1.58bn) in 2013; +4.5% in local currency terms and +7.9% in US dollar terms. Forecasts slightly lower in relation to Q4 2013 projections, on account of macroeconomic factors.
- Healthcare: BGN5.60bn (US$3.68bn) in 2012 to BGN5.70bn (US$3.87bn) in 2013; +1.8% in local currency terms and +5.1% in US dollar terms. Forecasts slightly lower in relation to Q4 2013 projections, on account of macroeconomic factors.
View Full Report Details and Table of Contents
Risk/Reward Ratings: In Q1 2014, Bulgaria's Risks and Rewards scores stand firmly above the regional average. The scores take into account the challenges for drugmakers operating in Bulgaria, such as the downward pressure on the prices of drugs and the uncertain political outlook, in addition to positive factors, such as the increasing per capita consumption of medicines from a relatively low base.
Key Trends And Developments
- According to October 2013 statements made by Maya Manolova, the member of parliament (MP) from the Bulgarian Socialist party (BSP) and the deputy chairperson of the parliament, medicine prices rose 300% during the previous government's regime. Manolova stated that former health minister Desislava Atanasova's tenure was marred by the collapse of the National Health Insurance Fund (NHIF) and problems at public hospitals due to the government's inability to take corrective measures. Manolova added that illegal exports also became rampant.
- The Bulgarian healthcare sector will be able to use around BGN1bn (US$678.84mn) for the next programming period 2014-2020, according to August 2013 statements made by Bulgaria's health minister Tanya Andreeva. Zinaida Zlatanova, deputy prime minister of Bulgaria, managed to broker a deal with the European Commission related to the allotment of funds for medicines and healthcare, Andreeva said. These funds will be used in areas such as innovation, prevention, human resources and emergency treatment, Andreeva added.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Healthcare research reports at Fast Market Research
You may also be interested in these related reports:
- Sweden Pharmaceuticals & Healthcare Report Q1 2014
- Nigeria Pharmaceuticals & Healthcare Report Q1 2014
- Romania Pharmaceuticals & Healthcare Report Q1 2014
- Oman Pharmaceuticals & Healthcare Report Q1 2014
- Uzbekistan Pharmaceuticals & Healthcare Report Q1 2014
- Slovenia Pharmaceuticals & Healthcare Report Q1 2014
- Croatia Pharmaceuticals & Healthcare Report Q1 2014
- Latvia Pharmaceuticals & Healthcare Report Q1 2014
- Netherlands Pharmaceuticals & Healthcare Report Q1 2014
- Taiwan Pharmaceuticals & Healthcare Report Q1 2014
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)