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Uzbekistan Pharmaceuticals & Healthcare Report
We maintain the view that risk-averse pharmaceutical, healthcare and medical device companies should avoid Uzbekistan . While the country has a definite need for pharmaceuticals and medical devices, the regulatory environment remains opaque and state-dominated. Moreover, the government is committed to boosting Uzbekistan's domestic capacity for pharmaceutical manufacturing, which is expected to gradually decrease market potential for most generic medicines.
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Headline Expenditure Projections
- Pharmaceuticals: UZS853.25bn (US$498mn) in 2011 to UZS993.00bn (US$563mn) in 2012; up 16.4% in local currency terms and 13.0% in US dollar terms. Forecast unchanged from Q412.
- Healthcare: UZS4,081bn (US$2.38bn) in 2011 to UZS4,932bn (US$2.79bn) in 2012; up 20.8% in local currency terms and 17.4% in US dollar terms. Forecastunchanged from Q4 12.
- Medical devices: UZS155.82bn (US$91mn) in 2011 to UZS179.45bn (US$102mn) in 2012; up 15.2% in local currency terms and 11.8% in US dollar terms. Forecast unchanged from Q412.
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The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.
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