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Food Supplements Driving Russia's OTC Pharmaceutical Market Growth
Piribo, the online destination for business intelligence for the biotech and pharmaceutical industry, has added a new report on the latest developments in the Russian over-the-counter (OTC) drug market, highlighting the contribution of food supplements to the growing market.
"OTC Market in Russia 2007- Development Forecasts 2007-2012" looks at prevailing market conditions, charts the robust growth the market saw in the years between 2002-2006, and forecasts up to 2012. The report is based on primary research in 52 regions in Russia, which studied over 4,000 representative pharmaceutical product outlets which form 7% of Russia's total number. The publication provides a wealth of statistical data and also draws on the expertise of sources from government regulatory agencies, state offices and industry analysts.
Authors of the study find that the food supplements market in Russia has experienced strong growth in recent years. They outline the size of this growing market, look at price segmentation and average prices for food supplements. They also plot the progress of products from the manufacturers to the pharmacy shelf.
"OTC Market in Russia 2007- Development Forecasts 2007-2012" compares the domestic and foreign shares of both original and generic OTC drugs. It also places Russia's OTC market in the context of the overall pharmaceutical market.
While the big five in Russia's OTC market are Novartis, Pharmstandart, Sanofi-Aventis, Berlin-Chemie/Menarini and Solvay Pharma, the report names the top 20 companies positioned to reap the biggest rewards as the market expands. It also provides a comprehensive picture of the complex legal environment of Russia's OTC sector, specifically looking at State control of drug quality compliance, classification, registration and packaging of OTC products. The legal requirements pertaining to drug advertising are also stressed in the 82-page report.
"OTC Market in Russia 2007 - Development Forecasts 2007-2012" is available in pdf format from Piribo. For more information, go to: http://www.piribo.com/publications/otc/otc_market__russia_2007.html
Piribo product ID: PMR010