Albany, NY -- (SBWIRE) -- 04/02/2014 -- OVERVIEW OF THE PHARMACEUTICAL MARKET IN SERBIA
While the market is small in terms of absolute numbers, relative per capita spending on medicines is expected to improve over the long term. As the country continues its economic convergence with developed Europe, drug consumption is also expected to rise. However, financial inefficiencies within the health insurance system mean that the National Health Insurance Institution ( RZZO ) is unable to always meet its obligations on time, leaving patients to pay for formerly reimbursed medicines or hospitals having to cover the difference .
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Headline Expenditure Projections
Pharmaceuticals: RSD75.70bn (US$1.03bn) in 2011 to RSD81.44bn (US$0.92bn) in 2012; +7.6% in local currency terms and -11.0% in US dollar terms.
Healthcare: RSD347.71bn (US$4.74bn) in 2011 to RSD367.32bn (US$4.14bn) in 2012; +5.6% in local currency terms and -12.6% in US dollar terms.
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Table of Contents
Serbia Pharmaceuticals And Healthcare Industry SWOT8
Serbia Political SWOT Analysis9
Serbia Economic SWOT Analysis9
Serbia Business Environment SWOT Analysis9
Pharmaceutical Risk/Reward Ratings10
Table: Emerging Europe Regional Pharma Risk/Reward Ratings for Q21310
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Table: The Number of Products on the Drugs List14
Corruption In The Healthcare Sector17
Intellectual Property Environment19
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