2014-02-25 10:11:01 - Russia Pharmaceuticals and Healthcare Report Q2 2013 - a new market research report on companiesandmarkets.com
Russias pharmaceutical market continues to be one of the most attractive in the Emerging Europe region, primarily due to its sheer market size, growing economy and increasing government investment in healthcare. The main transformation in the market over the last decade has been the growth of the states role, both in establishing an industrial policy and investing in production for the first time since the end of the Soviet Union.Key drivers of growth for pharmaceuticals include programmes to fund medicines for specific segments and disease groups, as well as a pledged universal medicines insurance system due to be put into place later in the decade. Russias recent World Trade Organization accession should drive improvements in the countrys intellectual property (IP)
environment, and enforcement in particular, which has been conspicuously lacking.Headline Expenditure Projections:- Pharmaceuticals: RUB756.97bn (US$24.81bn) in 2013 to RUR842.81bn (US$25.73bn) in 2014; +11.2% in local currency terms and 10.4% in US dollar terms. Our forecast is upgraded from Q112 due to recalculation of market value and upgraded macroeconomic forecasts.- Healthcare: RUB2,907.89bn (US$89.47bn) in 2013 to RUB3,195.48n (US$97.57bn) in 2014; +9.9% in local currency terms and +9.1% in US dollar terms. Forecast is largely unchanged from Q412.The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.
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