Revenue
121.26m€3.2× since 2015
0.7% of Montenegro's revenue
Health & social care
613 companies earned 121.26m€ in 2025, 0.7% of all company revenue in Montenegro. It ranks 15 of 18 sectors by revenue. Revenue has grown 3.2× since 2015.
Nationwide · 2025
Year
Overview
Companies
613+221 since 2015
100 with at most one employee
Employees
3,776+53% since 2015
Largest employer: DR Simo Milošević (501)
Profit margin
11.4%5.3 pts above average
Total profit: 13.80m€
This sector 11.4%Montenegro: 6.1%
Payroll cost/emp./mo*
1,272€2% above average
Average per employee, not per company
This sector 1,272€Montenegro: 1,242€
Revenue and companies since 2015
FinalPreliminary
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 38,359,098€ | 392 |
| 2016 | 40,934,329€ | 416 |
| 2017 | 45,417,481€ | 440 |
| 2018 | 50,900,288€ | 467 |
| 2019 | 52,506,652€ | 480 |
| 2020 | 53,401,581€ | 513 |
| 2021 | 72,982,203€ | 524 |
| 2022 | 74,034,084€ | 553 |
| 2023 | 83,027,206€ | 577 |
| 2024 | 96,991,796€ | 596 |
| 2025 (Preliminary) | 121,257,602€ | 613 |
What changed in 2025
Growth is measured on the same companies, which filed for both years.
- Revenue, same companies (582)
- 96.80m€ → 120.36m€
- Employees, same companies
- 3,545 → 3,700
- Payroll cost per employee, same companies
- 1,145€ → 1,292€
- Filed for 2025, not for 2024
- 31 companies · 895,079€
- Filed for 2024, not for 2025
- 14 companies, 189,404€ in 2024
Activities in this sector
- Companies
- 147
- Employees
- 1,220
- Revenue
- 42,480,397€
30.3%
- Companies
- 12
- Employees
- 782
- Revenue
- 36,745,714€
17.3%
- Companies
- 353
- Employees
- 1,082
- Revenue
- 20,998,224€
14.2%
- Companies
- 64
- Employees
- 512
- Revenue
- 17,241,795€
- Companies
- 13
- Employees
- 52
- Revenue
- 2,004,269€
0.9%
- Companies
- 14
- Employees
- 69
- Revenue
- 1,128,907€
- Companies
- 5
- Employees
- 34
- Revenue
- 351,012€
- Companies
- 2
- Employees
- 12
- Revenue
- 265,519€
- Companies
- 3
- Employees
- 13
- Revenue
- 41,765€
Total
- Companies
- 613
- Employees
- 3,776
- Revenue
- 121,257,602€
Where they are and who is growing
Revenue by municipality
Share of the sector's revenue
- Podgorica 65.24m€53.8%
- Bar 9.63m€7.9%
- Budva 6.61m€5.5%
- Nikšić 6.52m€5.4%
- Berane 2.48m€2.0%
- Herceg Novi 2.20m€1.8%
- Tivat 1.83m€1.5%
- Other municipalities (15) 6.79m€5.6%
- No municipality in the registry 19.96m€16.5%
Fastest growing
Revenue change vs 2024, companies with at least 1m€ that year
- DR Simo Milošević11.16m€ → 19.92m€+78.6%
- Poliklinika Milmedika2.15m€ → 3.59m€+67.5%
- Poliklinika Konzilijum1.36m€ → 1.77m€+29.6%
- Milmedika1.43m€ → 1.82m€+27.6%
- A3 Medical Montenegro1.56m€ → 1.93m€+23.5%
Largest employers
Employees and payroll cost per employee per month*
- 5011,028€
- 2541,754€
- 1382,299€
- 781,834€
- 681,379€
All companies (613)
Ranked by total revenue · Showing 1–50 of 613
- 1DR Simo Milošević02008386Revenue share16.4%
- Revenue
- 19,918,198€
- Revenue change 2024→2025
- +78.6%
- Profit
- 6,532,958€
- Margin
- 32.8%
- Employees
- 501
- Payroll cost/emp./mo*
- 1,028€
- 2Institut za Javno Zdravlje Crne Gore02015340 · PodgoricaRevenue share8.2%
- Revenue
- 9,890,512€
- Revenue change 2024→2025
- +6.9%
- Profit
- 31,182€
- Margin
- 0.3%
- Employees
- 254
- Payroll cost/emp./mo*
- 1,754€
- 3Moj Lab03322246 · PodgoricaRevenue share7.2%
- Revenue
- 8,688,830€
- Revenue change 2024→2025
- +8.0%
- Profit
- 408,360€
- Margin
- 4.7%
- Employees
- 138
- Payroll cost/emp./mo*
- 2,299€
- 4Codra02340208 · PodgoricaRevenue share5.6%
- Revenue
- 6,800,018€
- Revenue change 2024→2025
- +11.1%
- Profit
- 568,008€
- Margin
- 8.4%
- Employees
- 78
- Payroll cost/emp./mo*
- 1,834€
- 5Poliklinika Milmedika03457036 · NikšićRevenue share3.0%
- Revenue
- 3,593,327€
- Revenue change 2024→2025
- +67.5%
- Profit
- 391,084€
- Margin
- 10.9%
- Employees
- 41
- Payroll cost/emp./mo*
- 4,126€
- 6Hipokrat03122620 · PodgoricaRevenue share1.8%
- Revenue
- 2,218,897€
- Revenue change 2024→2025
- +5.3%
- Profit
- 179,073€
- Margin
- 8.1%
- Employees
- 46
- Payroll cost/emp./mo*
- 2,371€
- 7Ars Medica02148293 · PodgoricaRevenue share1.8%
- Revenue
- 2,137,355€
- Revenue change 2024→2025
- +12.3%
- Profit
- 475,103€
- Margin
- 22.2%
- Employees
- 56
- Payroll cost/emp./mo*
- 1,147€
- 8Smart Med 103370054 · PodgoricaRevenue share1.6%
- Revenue
- 1,934,563€
- Revenue change 2024→2025
- +21.5%
- Profit
- 231,857€
- Margin
- 12.0%
- Employees
- 31
- Payroll cost/emp./mo*
- 2,522€
- 9A3 Medical Montenegro03540448 · BarRevenue share1.6%
- Revenue
- 1,932,497€
- Revenue change 2024→2025
- +23.5%
- Profit
- 218,251€
- Margin
- 11.3%
- Employees
- 68
- Payroll cost/emp./mo*
- 1,379€
- 10Milmedika02164230 · PodgoricaRevenue share1.5%
- Revenue
- 1,821,157€
- Revenue change 2024→2025
- +27.6%
- Profit
- 146,556€
- Margin
- 8.0%
- Employees
- 49
- Payroll cost/emp./mo*
- 1,973€
- 11Poliklinika Konzilijum03352064 · PodgoricaRevenue share1.5%
- Revenue
- 1,767,022€
- Revenue change 2024→2025
- +29.6%
- Profit
- 155,468€
- Margin
- 8.8%
- Employees
- 32
- Payroll cost/emp./mo*
- 2,760€
- 12A3 Medical Hospital03592600 · BarRevenue share1.3%
- Revenue
- 1,618,337€
- Revenue change 2024→2025
- +9.2%
- Profit
- 16,327€
- Margin
- 1.0%
- Employees
- 41
- Payroll cost/emp./mo*
- 2,195€
- 13DR Zejnilović02873516 · BarRevenue share1.3%
- Revenue
- 1,583,177€
- Revenue change 2024→2025
- +18.1%
- Profit
- 79,989€
- Margin
- 5.1%
- Employees
- 27
- Payroll cost/emp./mo*
- 1,892€
- 14Milmedika02983613 · BudvaRevenue share1.3%
- Revenue
- 1,536,718€
- Revenue change 2024→2025
- +10.0%
- Profit
- 302,531€
- Margin
- 19.7%
- Employees
- 33
- Payroll cost/emp./mo*
- 1,786€
- 15Diagnostica02688492 · PodgoricaRevenue share1.3%
- Revenue
- 1,528,848€
- Revenue change 2024→2025
- +12.1%
- Profit
- 150,270€
- Margin
- 9.8%
- Employees
- 45
- Payroll cost/emp./mo*
- 1,145€
- 16In Vitro02373831 · PodgoricaRevenue share1.1%
- Revenue
- 1,343,805€
- Revenue change 2024→2025
- +12.7%
- Profit
- 318,967€
- Margin
- 23.7%
- Employees
- 19
- Payroll cost/emp./mo*
- 1,168€
- 17Poliklinika Filipović02422891 · PodgoricaRevenue share1.0%
- Revenue
- 1,179,932€
- Revenue change 2024→2025
- +51.2%
- Profit
- 74,883€
- Margin
- 6.3%
- Employees
- 30
- Payroll cost/emp./mo*
- 1,545€
- 18Svjetlost03030709 · BudvaRevenue share0.9%
- Revenue
- 1,087,119€
- Revenue change 2024→2025
- +33.6%
- Profit
- 18,041€
- Margin
- 1.7%
- Employees
- 5
- Payroll cost/emp./mo*
- 4,509€
- 19Natal02175061 · PodgoricaRevenue share0.9%
- Revenue
- 1,056,098€
- Revenue change 2024→2025
- +21.2%
- Profit
- 28,986€
- Margin
- 2.7%
- Employees
- 33
- Payroll cost/emp./mo*
- 1,385€
- 20Laboratorija Smart Med03466353 · PodgoricaRevenue share0.9%
- Revenue
- 1,047,167€
- Revenue change 2024→2025
- +149.1%
- Profit
- 78,556€
- Margin
- 7.5%
- Employees
- 17
- Payroll cost/emp./mo*
- 1,991€
- 21Humana Reprodukcija02931761 · BudvaRevenue share0.9%
- Revenue
- 1,032,585€
- Revenue change 2024→2025
- +2.3%
- Profit
- 149,446€
- Margin
- 14.5%
- Employees
- 11
- Payroll cost/emp./mo*
- 2,247€
- 22Novi Standard03651428 · BarRevenue share0.8%
- Revenue
- 990,907€
- Revenue change 2024→2025
- +180.9%
- Profit
- 16,418€
- Margin
- 1.7%
- Employees
- 28
- Payroll cost/emp./mo*
- 1,319€
- 23Optimal02850222 · PodgoricaRevenue share0.8%
- Revenue
- 989,814€
- Revenue change 2024→2025
- +6.7%
- Profit
- 128,132€
- Margin
- 12.9%
- Employees
- 14
- Payroll cost/emp./mo*
- 3,019€
- 24Tesla Medical02998670 · BeraneRevenue share0.8%
- Revenue
- 972,902€
- Revenue change 2024→2025
- +86.1%
- Profit
- 19,646€
- Margin
- 2.0%
- Employees
- 20
- Payroll cost/emp./mo*
- 2,150€
- 25Mićunović Medical02434687 · PodgoricaRevenue share0.7%
- Revenue
- 801,010€
- Revenue change 2024→2025
- +36.6%
- Profit
- 123,810€
- Margin
- 15.5%
- Employees
- 30
- Payroll cost/emp./mo*
- 809€
- 26Bona Lab - Prima02641003 · PodgoricaRevenue share0.6%
- Revenue
- 679,642€
- Revenue change 2024→2025
- -19.6%
- Profit
- -86,292€
- Margin
- -12.7%
- Employees
- 24
- Payroll cost/emp./mo*
- 1,091€
- 27DR Medtim03094545 · PodgoricaRevenue share0.5%
- Revenue
- 641,639€
- Revenue change 2024→2025
- +2.3%
- Profit
- 83,560€
- Margin
- 13.0%
- Employees
- 19
- Payroll cost/emp./mo*
- 1,220€
- 28Centar za Plastičnu i Estetsku Hirurgiju Medic A03243737 · PodgoricaRevenue share0.5%
- Revenue
- 632,166€
- Revenue change 2024→2025
- +13.8%
- Profit
- 11,567€
- Margin
- 1.8%
- Employees
- 9
- Payroll cost/emp./mo*
- 3,040€
- 29Endorfin03336760 · PodgoricaRevenue share0.5%
- Revenue
- 623,018€
- Revenue change 2024→2025
- +31.9%
- Profit
- 121,012€
- Margin
- 19.4%
- Employees
- 22
- Payroll cost/emp./mo*
- 1,296€
- 30Luča Medical03394565 · PodgoricaRevenue share0.5%
- Revenue
- 611,663€
- Revenue change 2024→2025
- +36.3%
- Profit
- 168,560€
- Margin
- 27.6%
- Employees
- 6
- Payroll cost/emp./mo*
- 4,537€
- 31Naša Medicina03283275 · PodgoricaRevenue share0.5%
- Revenue
- 610,380€
- Revenue change 2024→2025
- +6.9%
- Profit
- 148,557€
- Margin
- 24.3%
- Employees
- 19
- Payroll cost/emp./mo*
- 1,328€
- 32DR Vuksanović02302659 · BarRevenue share0.5%
- Revenue
- 573,804€
- Revenue change 2024→2025
- -13.1%
- Profit
- 35,598€
- Margin
- 6.2%
- Employees
- 14
- Payroll cost/emp./mo*
- 1,405€
- 33Borović02821818 · PodgoricaRevenue share0.4%
- Revenue
- 531,215€
- Revenue change 2024→2025
- +24.5%
- Profit
- 79,248€
- Margin
- 14.9%
- Employees
- 18
- Payroll cost/emp./mo*
- 848€
- 34Spa Medica02727528 · PodgoricaRevenue share0.4%
- Revenue
- 481,251€
- Revenue change 2024→2025
- +0.7%
- Profit
- 64,771€
- Margin
- 13.5%
- Employees
- 8
- Payroll cost/emp./mo*
- 976€
- 35Dental Expert03348768 · TivatRevenue share0.4%
- Revenue
- 463,760€
- Revenue change 2024→2025
- +192.7%
- Profit
- 111,807€
- Margin
- 24.1%
- Employees
- 13
- Payroll cost/emp./mo*
- 879€
- 36LB Medical03491986 · TivatRevenue share0.4%
- Revenue
- 446,961€
- Revenue change 2024→2025
- +610.4%
- Profit
- 38,139€
- Margin
- 8.5%
- Employees
- 9
- Payroll cost/emp./mo*
- 3,052€
- 37Buntić02425548 · BarRevenue share0.4%
- Revenue
- 435,033€
- Revenue change 2024→2025
- +23.4%
- Profit
- 112,110€
- Margin
- 25.8%
- Employees
- 13
- Payroll cost/emp./mo*
- 788€
- 38Pat Lab03722538 · PodgoricaRevenue share0.3%
- Revenue
- 376,242€
- Revenue change 2024→2025
- No filing for 2024.
- Profit
- 137,714€
- Margin
- 36.6%
- Employees
- 0
- Payroll cost/emp./mo*
- —
- 39V Dental Centar02786729 · BudvaRevenue share0.3%
- Revenue
- 374,794€
- Revenue change 2024→2025
- +9.5%
- Profit
- 33,131€
- Margin
- 8.8%
- Employees
- 8
- Payroll cost/emp./mo*
- 1,381€
- 40In Vitro Plus02840219 · PodgoricaRevenue share0.3%
- Revenue
- 367,585€
- Revenue change 2024→2025
- +9.9%
- Profit
- 102,735€
- Margin
- 27.9%
- Employees
- 6
- Payroll cost/emp./mo*
- 1,795€
- 41Rezidencija Zdravlja - Kerber02879298 · PodgoricaRevenue share0.3%
- Revenue
- 365,795€
- Revenue change 2024→2025
- +17.4%
- Profit
- 63,641€
- Margin
- 17.4%
- Employees
- 8
- Payroll cost/emp./mo*
- 1,439€
- 42Asta03553035 · PodgoricaRevenue share0.3%
- Revenue
- 357,137€
- Revenue change 2024→2025
- No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable.
- Profit
- 23,522€
- Margin
- 6.6%
- Employees
- 3
- Payroll cost/emp./mo*
- 969€
- 43Stojanović Medical03340333 · BeraneRevenue share0.3%
- Revenue
- 354,172€
- Revenue change 2024→2025
- +8.6%
- Profit
- 58,865€
- Margin
- 16.6%
- Employees
- 13
- Payroll cost/emp./mo*
- 848€
- 44Simpladent02943654 · BudvaRevenue share0.3%
- Revenue
- 353,943€
- Revenue change 2024→2025
- +48.7%
- Profit
- 119,963€
- Margin
- 33.9%
- Employees
- 5
- Payroll cost/emp./mo*
- 1,565€
- 45Feniks Medika03105482 · PodgoricaRevenue share0.3%
- Revenue
- 332,544€
- Revenue change 2024→2025
- +7.7%
- Profit
- 4,740€
- Margin
- 1.4%
- Employees
- 12
- Payroll cost/emp./mo*
- 1,383€
- 46Dental Protection02300761 · PodgoricaRevenue share0.3%
- Revenue
- 319,266€
- Revenue change 2024→2025
- +29.6%
- Profit
- 34,714€
- Margin
- 10.9%
- Employees
- 12
- Payroll cost/emp./mo*
- 1,061€
- 47Sirena02902877 · UlcinjRevenue share0.3%
- Revenue
- 311,801€
- Revenue change 2024→2025
- +18.1%
- Profit
- 82,696€
- Margin
- 26.5%
- Employees
- 13
- Payroll cost/emp./mo*
- 1,225€
- 48Prodent02702517 · PodgoricaRevenue share0.2%
- Revenue
- 303,099€
- Revenue change 2024→2025
- +11.5%
- Profit
- 10,510€
- Margin
- 3.5%
- Employees
- 7
- Payroll cost/emp./mo*
- 1,915€
- 49V Dental Centar02742837 · PodgoricaRevenue share0.2%
- Revenue
- 297,838€
- Revenue change 2024→2025
- +34.6%
- Profit
- -12,762€
- Margin
- -4.3%
- Employees
- 10
- Payroll cost/emp./mo*
- 597€
- 50M Dental Zečević03007219 · BudvaRevenue share0.2%
- Revenue
- 294,727€
- Revenue change 2024→2025
- +18.1%
- Profit
- 53,501€
- Margin
- 18.2%
- Employees
- 9
- Payroll cost/emp./mo*
- 1,069€
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Health & social care companies in Montenegro ranked by revenue 2025 →
Source: Tax Administration / CRPSCurrency: EUR