MedWatch

Denmark has the cheapest generic medicines in Europe, study finds

Although inflation is generally rising, the medicine prices at Danish pharmacies have fallen by an average of 16 percent since January 2020. This means that in 2021, Danish patients have paid the least for their generic drugs in Europe.

Photo: Mads Nissen/Politiken/Ritzau Scanpix

As the expiry date on a medicine patent draws near, generic medicine producers jostle for the chance to win shares on the copycat market. The competition is tough, and this is one of the reasons that Denmark has Europe's lowest prices on generic prescription medicines, a new analysis conducted by IQVIA shows.

Despite generally rising inflation, the medicine prices at Danish pharmacies have fallen by an average of 16 percent since January 2020. This means Danes are currently paying DKK 0.70 (USD 0.1) per daily dose of generic medicine.

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