The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Bulgaria's expanding private healthcare market will provide significant revenue-earning
opportunities for multinational pharmaceutical firms and medical device manufacturers. The poor state of
the public healthcare system and the liberalisation of the private sector will see a rapid increase in private
healthcare usage as the demand for more advanced and high-quality treatment rises. This trend is likely to
be echoed across the Balkan region.
Headline Expenditure Projections
? Pharmaceuticals: BGN2.71bn (USD1.54bn) in 2015 to BGN2.89bn (USD1.58bn) in 2016; +6.6% in
local currency terms and +2.5% in US dollar terms. Forecast unchanged from last quarter.
? Healthcare: BGN7.45bn (USD4.22bn) in 2015 to BGN7.85bn (USD4.28bn) in 2016; +5.4% in local
currency terms and +1.5% in US dollar terms. Forecast unchanged from last quarter.