The pharmaceutical companies in Bulgaria are expressing new developments each day.
In 2018, the Bulgarian pharmaceutical market grew by 5.9 percent to $ 2 billion compared to 2017, outperforming other fast-growing markets in the Central and Eastern Europe region; however, this was the first double-digit growth decline recorded in ten years.
There was an estimate that 3.0% of Bulgaria’s GDP was spent on pharmaceuticals in 2018, which is well above the historical average.
An increase in hospital spending on innovative drugs was a major driver of market growth, but this was mainly due to the increasing demand for innovative drugs.
Bulgaria’s health expenditure as of 2018 was $ 5.3 billion, which translates into a per capita health expenditure of $ 743.
The share of public health expenditure in total health expenditure has continued to increase over the past decade, suggesting the improvement of access to health care and the development of a fair health system in Bulgaria.
However, the share of own and private expenditure in total health expenditure remains high.
Pharmaceutical Industry in Bulgaria
An aging population offers pharmacy operators a growing number of loyal customers and stable demand.
The market is also one of the most established among the Bulgarian retail subsectors. The leading chain Apteka Mareshki has more than 300 pharmacies and three other chains with more than 45 pharmacies, including the only foreign brand DM Pharma.
Given the population of Bulgaria, there is more room for the market to grow. As several large players are already established, consolidation is likely as some of the pharmacy chains are large enough to acquire smaller regional competitors in the medium and long term.
The Bulgarian pharmaceutical distributor Sopharma Trading (part of Sopharma Bulgaria’s second-largest pharmaceutical company and one of the oldest companies in the country) entered the retail market in mid-2017 and has expanded rapidly since then. The company has expanded into 10 cities with 56 pharmacies under the Sopharmacy brand.
Top Pharmaceutical Companies in Bulgaria
Here’s a list of some of the top pharmaceutical companies in Bulgaria:
Actavis Актавис
Located in: Rainbow Plaza
Address: “Nikola Y. Vaptsarov” 53-Б, 1407 Promishlena zona Hladilnika, Sofia, Bulgaria
Phone: +359 87 734 6602
Website: visit here
Adifarm
Address: Boulevard “Simeonovsko Shose 130, 1700 Sofia, Bulgaria
Phone: +359 2 860 2000
Website: Click Here
Alta Farmasyutikals
Located in: Abacus
Address: Bulevard “Bulgaria” 118, 1618 Manastirski Livadi, Sofia, Bulgaria
Phone: +359 2 854 9701
Alvogen Bulgaria
Address: Bulevard “Bulgaria” 86а, 1680 Manastirski Livadi, Sofia, Bulgaria
Phone: +359 2 441 7136
Angelini Pharma
Address: bul. “Asen Yordanov” 10, 1592 g.k. Druzhba 1, Sofia, Bulgaria
Phone: +359 2 975 1395
Arishop Pharma
Address: София, бул. Рожен 24, Bulgaria
Phone: +359 2 810 3949
AstraZeneca
Address: pl. “Dragan Tsankov” 36, 1113 g.k. Izgrev, Sofia, Bulgaria
Phone: +359 2 971 2533
Balkanpharma Dupnica
Address: Дупница, ул. САМОКОВСКО ШОСЕ 3, Bulgaria
Website: click here
BB Pharm
Address: bul. “General Eduard I. Totleben” 28, 1606 Sofia Center, Sofia, Bulgaria
Phone: +359 87 862 0286
Chemax Pharma Ltd
Address: ul. “Goritsa” 8А, 1618 kv. Ovcha kupel, Sofia, Bulgaria
Phone: +359 2 955 6298
DANHSON
Address: ul. “Otets Paisii” 26, 2400 Radomir, Bulgaria
Phone: +359 2 451 9300
DJI I Farmasyutikals
Address: Botevgrad, Industrialna Zona Chekanitsa Yug, 2140 Botevgrad, Bulgaria
Phone: +359 72 362 613
Ekofarm
Address: bulevard “Cherni vrah” Blvd 14, bl. 3, 1421 g.k. Lozenets, Sofia, Bulgaria
Phone: +359 2 963 1597
Galena-Pharma
Address: 4462 Kalugerovo, Bulgaria
Phone: +359 34 444 531
Huvepharma
Address: ul. “Nikolay Haytov” 3А, 1113 g.k. Iztok, Sofia, Bulgaria
Phone: +359 2 862 5331
Website: visit here
Medica AD
Address: 5 Lachezar Stanchev Str. Sopharma Business Towers Building, 1756 Sofia, Bulgaria
Phone: +359 2 960 0330
Website: click here
MERCK BULGARIA
Located in: Serdika Center
Address: София, бул. Ситняково 48, Сердика офиси, ет. 6, 1505, Bulgaria
Phone: +359 2 446 1111
Website: visit here
Micar Innovation (Micar21)
Address: street, ul. “Karamfil” 38A, 1616 Gardova glava, Sofia, Bulgaria
Phone: +359 88 853 1345
Website: visit
MIP Farma
Address: Plovdiv, Rositsa St 5А, Bulgaria
Phone: +359 32 636 655
MONROL BULGARIA LTD.
Address: ul. “Bansko shose” 128, 1331 kv. Republika, Sofia, Bulgaria
Phone: +359 2 824 1213
PharmaLex Bulgaria JSC
Address: 11-13 Yunak Str, 1612 Sofia, Bulgaria
Phone: +359 2 437 3779
Website: click here
Phoenix pharma
Address: А 1734, ul. “Okolovrasten pat” 199, Sofia, Bulgaria
Phone: +359 2 965 8100
Website: visit here
Plamar
Address: ul. “Tsar Simeon” 30, 4023 “Trakia” Industrial Zone, Plovdiv, Bulgaria
Phone: +359 32 682 222
Website: visit
Polpharma Bulgaria
Address: Boulevard “Simeonovsko Shose 85 “З, вх.Б, 1734 Studentski Kompleks, Sofia, Bulgaria
Phone: +359 2 440 0843
QUINTILES BULGARIA – QSOF
Located in: Mall Of Sofia
Address: bul. “Aleksandar Stamboliyski” 101, 1303 Zona B-5, Sofia, Bulgaria
Phone: +359 2 939 0690
Website: visit here
Renifarma
Address: Dupnitsa, Tyutyuneva dolina St 20, Bulgaria
Phone: +359 701 512 94
S&D Pharma Logistics BG Ltd
Address: бул. „Цариградско шосе“ 425, 1137 Sofia, Bulgaria
Phone: +359 88 822 0858
Sanofi Bulgaria ЕООД
Located in: CAPITAL FORT
Address: Capital Fort, Boulevard “Tsarigradsko shose” 90, 1784 7-Mi Kilometar, Sofia, Bulgaria
Phone: +359 2 970 5300
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Servier
Located in: Landmark Centre
Address: bul. “Tsar Osvoboditel” 14, 1000 Sofia Center, Sofia, Bulgaria
Phone: +359 2 921 5700
Sevex Pharma
Address: ul. “Krichim” 76, 1164 g.k. Lozenets, Sofia, Bulgaria
Phone: +359 2 865 0426
Sopharma
Address: ul. “Iliyansko Shose” 16, 1220 NPZ Voenna rampa, Sofia, Bulgaria
Phone: +359 2 405 5200
Website: click here
Sopharma AD
Address: bul. “Rozhen” 39, 1271 promishlena zona Iliyantsi, Sofia, Bulgaria
Phone: +359 2 405 5200
Website: visit here
Subra Pharmacy
Address: бул. “Александър Малинов”, Бизнес парк, сграда №3, Bulgaria
Phone: +359 88 407 0985
Website: visit
Sudachim
Address: ul. “Yordan Stubel” 10А, 1700 Kv. Vitosha, Sofia, Bulgaria
Phone: +359 2 860 1571
Website: click here
Tchaikapharma High-Quality Medicines Corp.
Address: бул. Г. М. Димитров едно, 1172 Sofia, Bulgaria
Phone: +359 2 962 5454
Website: click here
Teva Pharmaceuticals Bulgaria 109
Located in: Vertigo Business Tower
Address: Bulevard “Bulgaria”, 1404 Manastirski Livadi, Sofia, Bulgaria
Phone: +359 2 489 9585
Website: visit here
Veks Farma – Bulgaria Ltd
Address: ul. “Solun” 47, 1680 Borovo, Sofia, Bulgaria
Phone: +359 2 958 6176
Рош България ЕООД
Address: ul. “Byalo Pole” 16, 1618 Manastirski Livadi, Sofia, Bulgaria
Phone: +359 2 818 4444
Website: visit
Conclusion on the pharmaceutical companies in Bulgaria
Looking at some key examples in the industry, pharmaceutical companies in Bulgaria are heavily involved in conducting internal or external clinical research studies.
Bulgaria plays a key role in global clinical research due to its clinical expertise and rapid patient admission and strict clinical guidelines.
The list of pharmaceutical companies in Bulgaria is in no order of ranking, but it is arranged for easy access to these awesome companies.
Kindly air your view in the comment box below.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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