Recently Released Market Study: Slovenia Pharmaceuticals & Healthcare Report Q1 2013

New Healthcare research report from Business Monitor International is now available from Fast Market Research

by Bill Thompson

(WireNews+Co) - Boston, MA - 05 January 2013

BMI View: Slovenia's healthcare system is relatively developed and effective, particularly compared with other markets in Central and Eastern Europe. The country's health system faces short-term challenges as a result of austerity budgets which will limit public spending on healthcare and are designed to reduce the number of services covered under compulsory health insurance. Long-term threats concern the availability of public funds in a tightening economic and fiscal environment and projected rises in agerelated health expenditure.

Headline Expenditure Projections

- Pharmaceuticals: EUR762mn (US$1.06mn) in 2011 to EUR769mn (US$977mn) in 2012; +1.0% in local currency terms and -7.8% in US dollar terms.
- Healthcare: EUR3.40bn (US$4.73bn) in 2011 to EUR3.42bn (US$4.34bn) in 2012; 0.5% in local currency terms and -8.2% in US dollar terms.
- Medical Devices: EUR235mn (US$327mn) in 2011 to EUR239mn (US$304mn) in 2012; +1.5% in local currency terms and -7.3% in US dollar terms.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/511283_slovenia_pharmaceuticals_healthcare_report_q1.aspx) (http://www.fastmr.com/prod/511283_slovenia_pharmaceuticals_healthcare_report_q1.aspx)

Risk/Reward Rating: In our Q113 assessment, we have revised downward our Pharmaceuticals and Healthcare Risk/Reward Ratings (RRRs) for Central and Eastern Europe (CEE), mainly due to the attractiveness of Poland, Greece and the Czech Republic getting worse. Downward revisions to our industry rewards indicators for CEE are a result of moderated outlooks for 2013 in many pharmaceutical markets, as well unfavourable revisions to our currency assumptions, affecting our assessment of market growth when measured in US dollars. Slovenia's Risk/Reward Rating (RRR) score remains weak - a combination of economic factors and the acknowledgement that the government may retain its focus on cost savings have resulted in a slightly less optimistic outlook for 2013 and 2014.

Key Trends & Developments

- As part of austerity measures announced earlier in the year, in September the wording of a draft law on amendments to the Law on Healthcare was agreed by the government and sent to the national assembly for consideration. The draft law pushes for more rational organisation of public health activities. According to the government, this will achieve quality delivery of public health activities with limited resources. The bill also relates to the reorganisation of the Institute of Public Health of the Republic of Slovenia and the nine regional institutes of public health, which will the merge to perform all the activities of public health, and the national laboratory for health, environment and food.

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