Lithuania Pharmaceuticals Tenders

Lithuania's pharmaceutical market may be petite, but it packs a punch. With a population of just 2.8 million, it's expected to reach a cool EUR 1.2 billion by 2026, boasting a steady 4.5% annual growth rate. This pocket-sized powerhouse is driven by increasing disposable incomes, rising urbanization, and a growing middle class.
Lithuania is no slouch in innovation either. The country boasts a well-educated workforce and a supportive government, making it an attractive hub for clinical research and development.

The Lithuanian government plays a crucial role, spending an estimated EUR 327 million on pharmaceuticals in 2021. This includes a significant chunk on ensuring access to essential medications, with a recent focus on reducing prices through reference pricing.

The government's shopping list prioritizes public health needs:
Prescription drugs: From cancer treatments to insulin, the government makes sure everyone has access to life-saving meds.
Hospital supplies: Bandages, syringes, and high-tech equipment keep Lithuanian hospitals running smoothly.
Vaccines: Keeping the population immunized is a top priority, with the government investing heavily in vaccination programs.
Research and development: Supporting the next generation of drugs is crucial, so the government funds innovative research projects.

Several key authorities oversee the spending:
Ministry of Health: The main decision-maker, setting policies and priorities for healthcare spending.
State Procurement Agency: Handles all government procurement, including pharmaceuticals, ensuring transparency and fair competition.
National Center for Disease Control and Public Health: Focuses on preventive measures, including vaccinations and public health campaigns.

Both local and international companies are vying for a slice of the pie:
Aversi: This Lithuanian pharmaceutical leader holds a strong position, supplying essential meds and OTC products.
Teva: This Israeli giant brings its global expertise, offering a wide range of generics and branded drugs.
Gedeon Richter: This Hungarian player specializes in women's health and central nervous system drugs, making them a valuable partner.

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