Belarus. Pharmaceutical market in 2013

Republic of Belarus executive summary

Population: approx. 10 mln. people
Major cities:
– Minsk (capital) 1.8 million inhabitants;
– Gomel 0.5 million inhabitants;
– Mogilev 0.4 million inhabitants;
– Vitebsk 0.4 million inhabitants;
– Grodno 0.3 million inhabitants;
– Brest 0.3 million inhabitants.
GDP per capita: 11,450 € (2012)

Pharmaceutical market

Pharmaceutical market or Belarus in 2013 was worth 760 million EUR.

Since 2010 it has increased by nearly 50%

Possibly because of budgetary constraints, pharmacy segment growth is much stronger than growth of hospital sales

Government has a target to replace 70% of imports with locally manufactured products by 2015.

In total nearly 600 pharmaceutical companies selling their products in Belarus