Industry revenue of »dispensing chemist in specialised stores« in Slovenia 2011-2023

Industry revenues of dispensing chemist in specialised stores in Slovenia are projected to increase from 709 million U.S. dollars in 2011 to over 752 million U.S. dollars by 2023. Amongst key reasons include the growing elderly population, a trend which can be observed throughout Europe, and the subsequent need for medicines, and the increasing demand for OTC drugs, due to the reasonable price, owing to the low Value Added Tax (VAT) rate, which stood at 9.5 percent in 2019, compared to the European average of 11.4 percent. Analgesics are the most sold OTC drugs, followed by Cough & Cold remedies, and Vitamins & Minerals. Interestingly, Hand sanitizers have also gained rapid popularity, owing to the outbreak of the corona virus. They are expected to witness a year over year revenue growth of nearly 50 percent in 2020.

According to the Agency of the Republic of Slovenia for Public Legal Records and Related Services, there are over 900 companies in the country in the chemicals and pharmaceuticals sector employing over 32,000 individuals.

Industry revenue of »dispensing chemist in specialised stores« in Slovenia from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Slovenia. The industry “dispensing chemist in specialised stores“ has the code “G4773“.

Details on the methodology can be found here.

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