HEALTHCARE SEGMENT BUSINESS & INVESTMENT OPPORTUNITIES Slovak Republic (Slovakia) presented by Jiri Trapl &Lucia Maskova Commercial Service Bratislava, Slovak Republic. Slovak Republic. Located in the heart of Europe Population: 5,439 Mil. Area: 49,035 sq.km Counties: 8
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HEALTHCARE SEGMENT BUSINESS & INVESTMENT OPPORTUNITIESSlovak Republic (Slovakia)presented byJiri Trapl&Lucia Maskova Commercial ServiceBratislava, Slovak Republic
Located in the heart of Europe
Population: 5,439 Mil.
Area: 49,035 sq.km
GDP per cap.: $16,041
Average Monthly Wage: $730
Unemployment Rate: 14.5%
Inflation rate: 2.3% *June 2007 data
Industrial production (automotive), metallurgy,electrical engineering, Healthcare (services and equipment)
Healthcare reform steps cancellation – e.g. cancellation of the 20SK (USD 0.78) payment for clients visiting the doctor
Lower prices for drugs (decrease by 4.4%)
Lower VAT for drugs and specific medical devices (from 19% to 10%)
Increased state payment for state insured people (first four months of 2007)
Lack of money in the system – debt in 2006 USD 267mil
Late paymentand reimbursements - especially in the pharmaceutical sector where, suppliers very often have to operate without being paid for extended periods of time.
Health insurance nationalization - creation of one state controlled medical insurance company
State health insurance centralization – every state employee must be insured with a state-run health insurance company
Prohibition of profits earned by private medical insurance companies
Operational Program “HEALTHCARE” 2007 - 2013
(worth USD 333 mil) focused on three areas:
Source: OECD, 2005
Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scientigraphic apparatus, other electro-medical apparatus, and sight-testing instruments.
Orthopedic appliances, including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other appliances which are worn or carried or implanted in the body to compensate for a defect or disability.
Instruments and apparatus for physical or chemical analysis (for example, polari-meters, refractometers, spectrometers, gas or smoke analysis apparatus); instruments and apparatus for measuring or checking viscosity, porosity, expansion, surface tension or the like; instruments and apparatus for measuring or checking quantities of heat, sound or light (including exposure meters); microtomes
Dental sector in Slovakia is small and competitive (mostly Swiss and German companies) but offers good potential for new and innovative products as well as advanced educational programs and seminars for professionals.
The European Union holds around half of the market for imported
products. Slovakia has harmonized its device legislation with that of the
EU, driven by EU membership.
Renewed economic growth and political direction should make the Slovak
market an increasingly attractive one in the next few years.