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Belarus Pharmaceutical & Healthcare Industries Overview 2017

Belarus Pharmaceutical & Healthcare Industries Overview 2017

  • October 2017
  • 33 pages
  • ID: 5193300
  • Format: PDF

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The Republic of Belarus is the 83rd economy in the world by nominal GDP (US $ 45.3 Bn in 2016). With GDP per capita amounting US $ 5,143 (93rd in the world in 2016). Belarus described as authoritarian country, as Alexander Lukashenko rules the state since 1994 and controls main levers of power. After its independence, the country chose a path of “market socialism”, meaning the government was to take control over prices and currency exchange rates.

In 2015, after 19 years of active growth, Belarus economy fell by 3.9% y-o-y due to contraction in all the key sectors caused by weak demand on domestic and foreign markets. The year has revealed the country’s high dependence on the economic situation in Russia and a huge need for structural reforms.

Despite Ukraine and Russia, Belarus had not inherited important industrial facilities in pharmaceutical sphere after the USSR collapse. At the beginning of the 1990s, the country had few small plants in Minsk and Barysaw. Considering social orientation of the Belarus economy, the development the pharmaceutical industry was primarily controlled by the state.

The local pharmaceutical market has been experiencing harsh reorganisation since 2014-2015 when a severe crisis hit the country on all fronts. The total market value has decreased by almost 20% since then. The government is striving to reallocate the public procurement of pharmaceuticals to locally manufactured products instead of importing them. The total market in 2016 sagged both, in volumes (-2.4%), and in values (-1.4%) in US $ compared with 2015. Reduction n the size of the pharmaceutical market in physical terms has been a trend for the last three years – from 2014 to 2016.

The Overview uncovers economic, pharmaceutical and healthcare insights in a tailored made systematic and business styled manner, incl. PESTLE & SWOT analyses, epidemiology & demographic trends.

The report covers a 2012-1HY2017 data with the forecast of the economics and pharmaceutical market growth to 2017-2019.

This report is intended for decision makers, industry professionals, and other stakeholders globally.

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