Overview
Slovenia’s pharmaceutical market is very competitive. Once dominated by two local domestic generic producers, Lek and Krka, the market is now open to competition from foreign competitors. According to the Slovenian National Institute of Public Health, Slovenia spent approximately EUR 816.7 million on pharmaceuticals in 2024. Each Slovenian spends an average of EUR 385 each year to purchase an average of 10 prescription medications.
The Ministry of Health is the primary actor in Slovenia’s pharmaceutical market. The ministry develops healthcare policies, proposes the government’s healthcare budget, and monitors spending in the national healthcare fund, with an eye toward keeping medical costs as low as possible. Slovenia has introduced therapeutic reference pricing schemes similar to those of other EU member states, which have made market conditions difficult for producers of brand-name pharmaceuticals.
Experts forecast seven percent annual growth for the pharmaceutical market over the next two years, despite downward pressure on certain therapeutic products. Almost three quarters of all pharmaceuticals approved for sale in Slovenia are imported, accounting for nearly 14 percent of total health care spending. In 2023, 73.6 percent of healthcare spending was publicly financed, and international comparisons show that drug consumption in Slovenia is higher than the EU average and growing by 1.5 percent per year. Increased life expectancy and growth in private health care insurance are expected to have a positive impact on the market.
Slovenia’s premier research institution, the Jozef Stefan Institute, is closely involved in chemical and pharmaceutical research and development, including therapeutic nanotechnology and biotechnology products.
Leading Sub-sectors
• Drugs for cardiovascular illnesses
• Branded products for cancer treatments
• Pharmaceuticals for psychotherapy
• Medicines for gastrointestinal and metabolic disorders
• Supplements
Opportunities
The best prospects for American-made pharmaceutical companies are in the fields of cancer medications, cardiovascular medications, and bio-technologically-produced medications.
Resources
Ministry of Health
Štefanova 5, SI- 1000 Ljubljana, Slovenia
E-mail: gp.mz@gov.si
Agency for Drugs and Medical Devices
Ptujska 21, 1000 Ljubljana, Slovenia
E-mail: info@jazmp.si
National Institute of Public Health
Trubarjeva 2, 1000 Ljubljana, Slovenia
E-mail: info@nijz.si
Chamber of Commerce and Industry of Slovenia
Dimiceva 13, 1504 Ljubljana, Slovenia E-mail: info@gzs.si
U.S. Commercial Service
Mirjana Rabič, Economic Commercial Specialist
Phone: +386 1 200 5500
Fax: +386 1 200 5555
E-mail: DoingBusinessinSlovenia@state.gov