Healthcare and Pharmaceuticals

Croatia's pharmaceutical market declined in 2014 and 2015 on the back of across-the-board cuts to reimbursed drug prices, government pressure to rein in pharmaceutical spending and a worsening fiscal position. As part of its accession to the EU, Croatia's budget deficit will require austerity measures, primarily in healthcare, which has seen runaway growth relative to the rest of the economy. Between 2015-2020, Business Monitor International project a compound annual growth rate of 0,6%.