Both pharmaceutical and healthcare spending is expected to increase in the coming years as the lockdown restrictions are eased, and COVID-19 related vaccine purchases drive up the demand for associated services. 2022 NEWEDGE OVERSEAS | All Right Reserved. The pharmaceutical industry in Ukraine is amongst the ten biggest pharmaceutical industries in the Central and Eastern European (CEE) region. We use cookies for analytics, personalized content and ads. Hospital Channel Sales Dynamics in Values in 2013-2021(e), 22. Ukraine will receive the first $3 bln in August through the Agency for International Development, Confiscation of the property of RF, appeal to the world, mobilization, and punishment for looting: March 3, parliament passed a number of laws, USAID to Provide Ukraine With Another $4.5 Bln, Adoption of 14 New Topical Laws and 1 Resolution, Once a week we send a digest with the most popular articles. With the total sales dynamics and public health system reform, complicated by the economic crisis and geopolitical shifts, it becomes more complex and challenging to succeed. The growth of the pharmaceutical market is also explained by the fact that pharmaceuticals are one of the leaders in the Ukrainian economy in terms of innovation costs. Total Pharma Market Sales Forecast, VOLUMES (Retail + Hospital + Outpatient Reimbursement) for 2021-2024, 35. Like in other countries of the world, for you to operate in a country as a company, you need legal backing which also gives you a unique identity. Today, there are approximately 20,731 pharmacies in the Ukraine alone. Top-10 Products in the Total (Retail + Hospital) Pharmaceutical Market of Ukraine, Values (9M 2019 9M 2021), 8. National Marketing Authorization Simplified Procedure for Medicines Originated from Listed Counties, 39. Retail Sales of Medical Devices, Food Supplements, Cosmetics in Values in 2013-2021(e), 17. Healthcare Infrastructure of Ukraine by jurisdiction (2012-2020), 17. Balance of Foreign Trade of Pharmaceutical Products in Ukraine in 2013-2021(e), 33. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, "Pharmaceutical and Healthcare Industry in Ukraine - Forecast and Analysis 2021", https://www.researchandmarkets.com/r/u8apba. In 2018, theindustrial output increased 1.1% y-o-y (vs. 0.4% y-o-y growth in 2017). So, Kindly contact us for your pharmaceutical needs. Schematic Visualization of the Supply Chain Scheme on the Pharmaceutical Market in Ukraine, 4. Just as global pharma has been relatively less susceptible to the ongoing turmoil in central Asia, Indian pharmas production capacities too is insulated from the war given our negligible dependence for pharma raw materials and supplies on Russia, Ukraine and other CIS countries (barring aluminum foil for packaging). 5, office 613 odessa, odessa, Kalinina Str.,5, Poltava Poltava, Poltava, 47, Saksaganskogo Sreet, Kyiv, Ukraine Kyiv, Kyiv, Moxito Raisy Kyrychenko St 2 Poltava Oblast, Poltava Oblast, Yurjevskaya Street, 17., Kharkov, 61050, Ukraine, Vul.Sergiya Yadova, Suvorovskiy R-N, 6, 65031 Odesa Ukraine, 10, Krenichny prov., c. Kharkiv, 61022, Ukraine, Vulytsya Yevhena Sverstyuka, 2, Kyiv, Ukraine, 02000, Lustdorfskaya doroga, 86, Odessa, 65080, Ukraine, 13, Boryspilska Street, Kyiv, 02093, Ukraine. We have many pharmaceutical companies in Ukraine responsible for distributing, researching, developing, and dispensing pharmaceutical products and vaccines for both human and veterinary use. Market Statistics: Read More, Forecast 2023-2030 The Global Smart Meter Market size was estimated at USD 15.60 billion in 2022 and expected to reach USD 16.91 billion in 2023, projecting growth at a CAGR of 8.86% to reach USD Read More, Wireless Access Market size was estimated at USD 2,411.53 million in 2022 and expected to reach USD 2,964.32 million in 2023, projecting growth at a CAGR of 25.41% to reach USD 14,755.62 million by 2030. Also, since Russia accounts for nearly 2.4 per cent of Indian pharma exports, there would be loss of some business for Indian exporters in the immediate term. Shares of Sources of Spending on Drugs in Ukraine in 2021(e), 6. According to UkrStat, in the third quarter of 2018, real gross domestic product in annual terms showed growth for the eleventh quarter in a row, but this growth slowed to 2.8% after accelerating two quarters in a row - up to 3.1% in the first and up to 3.8% in the second quarter of 2018. The report explores the current dynamics in the Ukrainian pharmaceutical market, its local pharma manufacturing industry, includes an overview of recent trends and sales numbers, a review of regulatory documents and detailed schemes of all market access process existing in the country. Necessary cookies are absolutely essential for the website to function properly. Although the countrys direct trade exposure to Russia, Ukraine and Belarus is limited, at 1 per cent of total exports and 2.1 per cent of total imports, it is substantially dependent for a range of imports. To do so, a manufacturer must be adept in the Regulatory process of registering a medicinal product that spans product development from compilation to submissions. Note: Given the rapidly-changing situation in Ukraine, readers should note that this interview was held on March 3 at 9am (GMT). Additionally, the strict . The last decade has shown a clear, stable trend: Ukrainians choose domestic medicines. An Indian government official, who declined to be named, said the country was confident of finding alternative markets for its pharmaceutical industry if needed. By continuing to browse this site, you agree to this use. We should not lose hope. Two years later, shareholders set their sights on a new goal: become a national pharmacy chain. Outsourcing-Pharma recently connected with Ariel Katz, founder and CEO of healthcare technology provider H1, about the far-reaching impact Russia's attack on Ukraine is having on the industry. India's drug exports to Russia amount to 2.4 per cent of the total pharmaceutical exports while exports to Ukraine have a share of 0.74 per cent. For example, petrochemicals are used to manufacture analgesics, antidepressants, antihistamines, antibiotics, antidiabetic agents, antibacterials, cough syrups, creams, ointments, salves, gels etc. There are no vertical integrated companies within the industry. Total Value of Exported Pharmaceutical Products from Ukraine in 2013-2021(e), 31. Market Statistics: Read More, Market size was estimated at USD 7,218.38 million in 2022 and expected to reach USD 7,849.27 million in 2023, projecting growth at a CAGR of 9.61% to reach USD 15,048.20 million by 2030. Today, the Ukrainian pharmaceutical industry is a fast-growing, innovative and attractive industry for investors. Total Sales in the Ukrainian Pharmaceutical Market by Channels in Volumes in 2013-2021(e), 9. The share of Russia in Indias crude oil imports is around 1 per cent as compared to the share of West Asia at 63 per cent. Affordable Medicines Reimbursement Program Inclusion Process in Ukraine Scheme, 48. Business in Ukraine Export Production Science Technologies The pharmaceutical market is one of the few that can boast of successful 2020 results Because of the pandemic, people began to massively buy antiviral and antibacterial drugs (their sales grew by 68% and 32%, respectively). In sunflower oil, Ukraine is the largest global exporter with a 37% market share, while Russia has a 26% market share. COVID-19 implications on country's economy healthcare systems, pharmaceutical market, and civil sector. Schematic Process of Enlisting Products into the NEML, 44. In a similar vein for India, a rise in commodity prices is likely to add to its import burden, current account deficit while leading to a depreciation of the rupee and high domestic inflation. The retail pharmacy market in Ukraine is dynamic yet fragmented. Russia is one of the world's largest suppliers of rare metals that are used in the semiconductor manufacturing process while Ukraine is the world's leading supplier of rare gases used in industrial lasers that are used to produce semiconductor chips. The significant growth in pharmacy sales in monetary terms is primarily because the market share of foreign pharmaceutical companies with their expensive medicines has increased in Ukraine. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Get Social! Healthcare infrastructure by regions for the period of 2016-2021. The Report uncovers the 2020 FY business trends of the pharmaceutical market of Ukraine. press@researchandmarkets.com No. According to salary explorer, a person working as a Pharmacist in Ukraine typically earns around 28,800 UAH per month. The PRO-PHARMA company is engaged in the promotion and . For a better understanding of the registration of the pharmaceutical companies in Ukraine, kindly visit pharma company registration in Ukraine. Top-15 Companies in the Retail Channel of the Ukrainian Pharmaceutical Market, Values (9M 2018 9M 2021), 7. However, their share in volumes increased by 0.6% in 2018 vs 2017 to 25.2%. As per the research article published in " PHARMACIA ," more than 60% of medicines registered in Ukraine are generics, and only 12% are original drugs. STADA CEO Peter Goldschmidt said: "We see great potential in the Ukrainian market. The pharmaceutical industry in Ukraine is amongst the ten biggest pharmaceutical industries in the Central and Eastern European (CEE) region. Even as we know that Russia is the worlds largest exporter of oil to global markets and the second-largest crude oil exporter behind Saudi Arabia, how much the ongoing war could impact the global pharma companies production levels is difficult to estimate at present. For barley, Russia has a 14% market share and Ukraine 12%. In mid-2000-ies, Farmak started opening its representative offices in other countries. Ukrainian Pharmaceutical Market by Channels in 2013-2021(e), USD (mln), 5. In 2018, foreign pharmaceuticals reached 56.0% of sales in values. Main Macroeconomic Indicators of Ukraine in 2013-2021, 3. In Ukraine, the pharmaceutical industry has great potential, combining intensive output growth and investments in R&D. Shares of Locally Manufactured and Imported Products in Ukraine in 2013-2021(e) in Values, 9. A major growth driver is import substitution, building a strong case for international pharma companies to increase investment through the purchase of existing players or building their own manufacturing in Ukraine. The pharmaceutical market of Ukraine is conventionally divided into retail and hospital segments. For the first quarter of 2012, all categories of the Ukrainian retail market amounted to a total volume of US $911 million for 465 million packages. Cumulative Impact of COVID-19: COVID-19 is an unprecedented global public health emergency that affected almost every industry, and the long-term impacts are projected to reflect on the growth of various end-use industries Read More, 2,758.96 million by 2030. You may also be interested in. This is the average monthly salary including housing, transport, and other benefits. In 5 years doubled our share in the market of consumed parenteral drugs. At the same time, a comprehensive updating of the . In this regard, we have selected the most piquant trends and event insights! Our first priority is to ensure that medicines reach the patients that need them in Ukraine, in the neighbouring EU Member States, in Russia and in other countries where access to medicines may be negatively impacted. The Report is the next step in our series of regular industry-focused publications. Before the start of the pandemic, Ukrainian pharmaceutical companies invested a total of 1.5 billion UAH in the . The Detailed Process of the Essential Medicines List Inclusion (NEML) Process in Ukraine, 45. Two years later, shareholders set their sights on a new goal: become a national pharmacy chain. Mar 10, 2023 10:53am. And, despite the quarantine restrictions, the percentage of costly drugs in total sales continued to grow throughout the year. The top 5 in terms of pharmacy sales include the following Ukrainian companies: In general, in 2020, UkrainianDarnitsa,ArteriumandFarmakentered the global rating of the largest pharmaceutical companies in the world. In 2013, which experts call the reference, the volume of the pharmaceutical market of Ukraine was about 3.3 billion US dollars. On a first trip to Ukraine, one is equally amazed by the sheer variety of specialist pharmacy chains in the country as by how easy it is to buy certain medicines in these pharmacies. Hospital Channel Sales Dynamics in Volumes in 2013-2021(e), 23. Update from the All-Ukrainian Pharmaceutical Chamber (4/3/22) Pharmacists in Ukraine continue to fulfill their mission in patient care, using the Ukrainian model of Good Pharmacy Practice, but now working with bulletproof vests over their white coats. With the country adopting new healthcare reform bills from January 2018, the overall outlook for the healthcare and pharmaceutical industry has improved considerably. Positive Phase 2 Data from RAPIDe-1 Study of PHVS416 for the On-Demand Treatment of HAE Attacks Highlighted at the 2023 How Indonesia is using diplomacy to call for the end of Russia's war in Ukraine. Cumulative Impact of COVID-19: COVID-19 is an unprecedented global public health emergency that affected almost every industry, and the long-term impacts are projected to reflect on the growth of various end-use industries Read More, 2030. Russia is also a dominant producer of aluminium and nickel, critical inputs for modern manufacturing. But opting out of some of these cookies may affect your browsing experience. According to the State Statistics Committee, Ukrainian pharmaceutical industry shows high growth rates of capital investments. 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