Noida, UP -- (SBWire) -- 04/23/2014 --Increasing government support, better FDI inflows and increasing investment by private players are some of the major driving factors for growth of Russian Pharmaceutical Industry. The commercial drug segment occupied approximately 15% share in pharmaceutical market owing to the increasing consumer preferences for branded products and strengthening of Ruble. Besides, increasing healthcare spending and rising ageing population has been driving the sales in the commercial drug segment. Majority of drugs used in the country are imported which impacts the share of domestic pharmaceutical players in the commercial market. Therefore, the Russian Government has even introduced new policies and measures to restrict the access to imported medicines.
On the holistic basis, the “Russian Pharmaceutical Market Outlook to 2017”, report thoroughly discusses the demographic profile of Russia and the pharmaceutical infrastructure; the overall pharmaceutical market of Russia in terms of branded & generics; state, commercial, and hospital segments; parapharmaceuticals; and distributors. Also, the market drivers; the laws and bylaws associated with the industry; and a detailed competitive scenario of the market along with the profiles of key players are also included in the report.
With the implementation of new supportive laws, government strategic inclination towards industrial development, better investment aspects, emergence of certain regions as R&D hubs, and the shift in consumer buying behavior among others, the Russian pharmaceutical market is poised to record a spurt in growth in the near future.
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Largest Share in the Market Is Claimed by the Commercial Segment
“Commercial Drug Market is poised to grow at a stupendous rate of approximately 12.5% during 2012-2017”, says RNCOS Research.