From 2013 to 2023, Croatia's pharmaceutical goods market has demonstrated considerable fluctuations. The market peaked in 2013 at 88.846 million USD, followed by a declining trend till 2015. A recovery phase began post-2016, peaking again in 2021, followed by a decline to 78.3 million USD in 2023. The year-on-year reductions in 2022 and 2023 were noticeable, -9.81% and -0.78%, respectively. Over the last five years, the compound annual growth rate (CAGR) averaged -1.52%, highlighting a challenging market environment.
Future trends to watch:
- Digital transformation in healthcare and pharmaceuticals.
- Increased investment in R&D for innovative drug development.
- Potential policy changes and economic recovery post-pandemic affecting market dynamics.
- Focus on sustainable practices within healthcare supply chains.
How does Croatia rank in Pharmaceutical Goods Market Size Value?
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 3,945,000,000 | 2023 | +1.25% | +1.12% | View data |
| 2 | 2 Germany | 3,201,100,000 | 2023 | -1.13% | -2.07% | View data |
| 3 | 3 France | 2,232,000,000 | 2023 | -2.43% | -2.05% | View data |
| 4 | 4 Italy | 1,865,500,000 | 2023 | -1.63% | -2.55% | View data |
| 5 | 5 United Kingdom | 1,766,700,000 | 2023 | -1.52% | -0.63% | View data |
| 30 | 30 Morocco | 82,727,000 | 2023 | +0.74% | +1% | View data |
| 31 | 31 Guatemala | 78,755,000 | 2023 | +4.48% | -0.61% | View data |
| 32 | 32 Croatia | 78,300,000 | 2023 | -0.78% | -1.52% | |
| 33 | 33 Belarus | 72,714,000 | 2023 | +0.55% | -0.028% | View data |
| 34 | 34 Lithuania | 68,306,000 | 2023 | +3.68% | +4.06% | View data |
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