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Reportlinker Adds The Outlook for Pharmaceuticals in Central Asia
Date:12/29/2010

graphically vast country plagued by natural disasters, the majority of the population is both rural and poor and western style pharmaceuticals are not even an issue for millions of people. India has an established domestic industry, responsible for around 8% of world pharmaceutical production. The larger domestic companies are striving to compete in the global market for both generics and original products. The market is dominated by low priced, domestically-produced generics and relatively low per capita expenditure on pharmaceuticals.

CHINA

China's pharmaceutical market looks set to grow even further in the short-term, with the establishment of an Essential Medicines System during the 2009-2011 period. The plan calls for an estimated 300-400 essential medicines to be made available at all public facilities, starting at the grassroots level. In October 2009, the NDRC reduced the prices of 2,349 drugs by an average 12%. These drugs represent around 45% of drugs on the Essential Medicines System. The prices of 49% of drugs on the list will not be reduced while the remaining 6% that are in short supply will see their prices increased moderately in order to encourage their manufacture.

PAKISTAN

The Pakistani pharmaceutical market has slowly evolved over the years, from one that was largely dominated by multinationals around 20 years ago, to one that is now almost evenly split between local and multinational companies. Increased competition, low drug prices, rising raw material costs, poor intellectual property rights and generally weak market conditions brought on by economic and political instability has made the country somewhat less attractive to some multinational companies. The domestic pharmaceutical industry serves an estimated 80% of the market. Ferozsons Laboratories has formed a joint-venture with the Argentine Bago group to build the first biotech manufacturing plant in Pakistan.

BANGLADESH

The country is the eighth
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