Russian Pharmaceutical Market to Grow at an Unprecedented Pace
Russia is swiftly emerging as one of the fastest growing pharmaceutical industries across developing economies. The market value of the same is estimated to reach RUB 1 Trillion by the end of 2013. Over the 5 year period spanning from 2012 to 2017, the market is likely to register a growth rate of approximately 11%, compounded annually. The key factors responsible for driving the market growth include increased government support; better FDI inflows; meliorating affordability and economic condition of the...
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