|Medical news of Remedium.ru portal is the most update information on pharmaceutical and medical equipment market|
Home / News
OTC market in CIS countries expected to be worth €10bn in 2014 - November 2012According to our latest report, entitled “OTC market in CIS countries 2012. Comparative analysis and development forecasts for 2012-2014”, the OTC market in the CIS countries1 was worth €7.4bn in 2011, after a year-on-year increase of more than 10%.
Between 2012 and 2014 the market is expected to develop at a CAGR (compound annual growth rate) of 11% and is to be worth €10bn in 2014.
According to our forecasts, in 2012 the market growth rate in the CIS countries will be reined in to around 3.9% in euro.
The main cause will be the deceleration of the OTC drug market in Russia.
Although there will be a double-figure increase in sales of dietary supplements and OTC drugs in Ukraine and of OTC drugs in Kazakhstan (in local currencies), because of the sizes of these markets, this will not have a significant effect on the overall OTC market in the CIS.