Russian pharma market showed growth of 18%, despite the global economic crisis
Despite a background of falling Gross Domestic Product (GDP) and primary economic indicators for the country, the Russian pharmaceutical market in 2009 was able to show growth in ruble terms, according to new research from DSM group, one of Russia's leading market research agencies.
The overall value of the pharmaceutical market (including VAT) in 2009 amounted to 538 billion rubles ($18.36 billion) in retail prices, 18% higher compared to the previous year. This compares to an overall decline in GDP of -8%, the report notes.
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