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Launching this site we hope it will become useful resource for wide pharmacy related business audithory in the UK, Russia and Ukraine
Russian & Ukrainian pharmaceutical markets prospectives

Pharmacy in the emergent markets such as Russia and Ukraine is developing very quickly adopting high technology and new methods of work.
There are dramatic changes observed in both countries during the last decade. After planning economy, stable healthcare structure and regular smooth medicines supply system established during 70 years of Soviet times in those countries everything moved apart and all former soviet republics started to build new model of functioning within newly formed countries.
What valuables all of them get from the Soviet Union? They'd inherited centralized management and supply system model, well developed pharmacies, hospitals, polyclinics and laboratories network as well as sufficient number of highly qualified healthcare professionals.
Period after 1991 was named as transitional in the economy of both countries since all organizational and regulatory changes were directed on adopting main principles of market economy.
So, main barriers to overcome were absence of knowledge about market economy, marketing, absence of the experience of work in market economy conditions, no financial support for development and absence of the proper legislation.

former USSR

Willingness to develop the pharmacy up to the acceptable standards, great enthusiasm and strained efforts brought to significant improvements on those markets. From state only sector pharmacy turned into dynamically privatizing sector leaving less than 50% of all the pharmacies and 6% of the industry in the state ownership. Number of the private pharmacy chains operate on the territory of both countries and they number is constantly growing.
Since 1991 many foreign pharmaceutical companies established their representations in Russia and Ukraine and set up they business there. From very little pharmaceutical import during soviet period it has grown up to 80% of the market during early 90-th.
Further development of the national manufacturers and their favorable price policy played its role in import decrease to 65% lately.
One of the important factors which are slowing down further development is slow increase of the income of the population that clearly reflects on the sales of medicines since major part of people pays full price for them.

Find more on our Web Site.

 

 

 

 

More about Russian and Ukrainian pharmaceutical markets find in the overview section.

Spendings on Public Health % from GDP (2001)
Country
%
Russia
5,4%
Ukraine
2,7%
UK
6,7%
CIS business links
English-Russian Pharmaceutical Dictionary

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owing slip талон задолженности
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