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Ukraine Pharmaceuticals & Healthcare Q3 2006Published by: Business Monitor International Published: Sep. 1, 2006 - 55 Pages Table of Contents
AbstractRecently released market data continues to paint a very positive picture of Ukrainian pharmaceutical market growth, and the economy has remained surprisingly resilient despite a host of external shocks such as rising energy costs. Russian research group RMBC reported growth of 31% in H106, following growth of 28% in wholesale prices in Q106. BMI remains sceptical that this level of growth is sustainable, but has updated its growth forecast for FY2006 to 22% to reach US$1.94bn. The five-year forecast for 2005 to 2010 now expects annual growth of 9.4% compared to the previous forecast of 7.2%, with total market value now expected to reach US$2.49bn in 2010. From a policy perspective, the re-appointment of Minister of Health Yuri Polyachenko to the new cabinet led by new Prime Minister Viktor Yanukovich can be regarded with cautious optimism. Polyachenko signalled no radical departures from previous policy, stating that the government must remain focused on the transition to a health insurance system while 'accelerating the tempo in each area' of reform. He laid emphasis on providing adequate financing for targeted disease programmes in areas such as cancer and diabetes. He also said a wide-ranging structural reform of the ministry would be undertaken to increase its efficiency. While saying little new, Polyachenko's reappointment and the formation of a new government under the controversial figure of Yanukovich should provide some way forward after many months of political deadlock. Meanwhile the government continues to hint at new policy in the pharmaceuticals sector. Early in 2006, the Ukrainian cabinet issued a decree that called for a 'Plan of Development' for the domestic pharmaceuticals industry. The impact of such decrees in the past has been negligible. Rather, strong market players are leading consolidation with Darnitsa, Arterium and Borshchagovsky topping the domestic sector. Large scale foreign investment is still lacking, however, notwithstanding relatively small investments by companies such as Bioton (Poland) and Gedeon Richter (Hungary). Key Benefits of ReportRely On Our Independent 5-Year Forecasts As A Benchmark to test other views - a key input for successful budgetary and strategic business planning. Target Business Opportunities & Risks through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments Exploit Latest Competitive Intelligence & Company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure - includes multinational and national companies. Get Full Details About This Report >> |
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