The Pharmaceutical Market: Uzbekistan - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-13 15:26:04
We maintain the view that risk-averse pharmaceutical, healthcare and medical device companies should avoid Uzbekistan . While the country has a definite need for pharmaceuticals and medical devices, the regulatory environment remains opaque and state-dominated. Moreover, the government is committed to boosting Uzbekistan´s domestic capacity for pharmaceutical manufacturing, which is expected to gradually decrease market potential for most generic medicines.
Headline Expenditure Projections:
Pharmaceuticals: UZS853.25bn (US$498mn) in 2011 to UZS993.00bn (US$563mn) in 2012; up 16.4% in local currency terms and 13.0% in US dollar terms. Forecast unchanged from Q 4 12.
Healthcare: UZS4,081bn (US$2.38bn) in 2011 to UZS4,932bn (US$2.79bn) in 2012; up 20.8% in local currency terms and 17.4% in US dollar terms. Forecast unchanged from Q4 12.
Medical devices: UZS155.82bn (US$91mn) in 2011 to UZS179.45bn (US$102mn) in 2012; up 15.2% in local currency terms and 11.8% in US dollar terms. Forecast unchanged from Q 4 12.
The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.
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