Ponte Academic Journal Mar 2018, Volume 74, Issue 3 |
ECONOMIC STRUCTURE OF PHARMACEUTICAL RUSSIAN MARKET Author(s): Ryabova Tatyana ,Rogach Olga, Frolova Elena J. Ponte - Mar 2018 - Volume 74 - Issue 3 doi: 10.21506/j.ponte.2018.3.3 Abstract: The authors attempted to compile the profile of Russian pharmaceutical industry, using a publicly available market database. The economic structure of the Russian market of medicines is described in the following key aspects: the product structure, the regional differentiation of the pharmaceutical market, its organizational structure, import dependence and the specificity of pricing for medicines. During the study, the authors identified the characteristic features of the pharmacological industry operation in Russian Federation: low concentration, specialization and integration degree, the lack of working capital, the absence of investment resources for production modernization, etc. According to the results of the study, it is concluded that the development of pharmaceutical clusters in modern Russian conditions should be the leading factor in the innovative development of the pharmaceutical industry, which are considered as possible growth points that promote the recovery of individual regions and Russian economy as a whole. The following was noted as the factor that could affect the dynamics of the pharmaceutical market in Russia: the introduction of requirements on mandatory compliance with GMP production standards.
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