Romania- 600 million euro from parallel exports in a 2.6 billion euro pharmaceutical market.
September 23 2013
The pharmaceutical market rose with about 3% compared to 2012 – the estimates indicate it will reach EUR3 billion in 2014- but the reality is a bit distorted as it is not exclusively based on the domestic market and internal consumption, as parallel exports (intra-EU trade) represent about 20% of the market.
'Pharmaceutical market grew from about EUR2.3 billion in 2010 to EUR2.85 billion last year and reached EUR1.7 billion in the first seven months of the current year, which will lead to an increase up to EUR3 billion by the end of 2013. Unfortunately, these data do not reflect the domestic market and domestic consumption as include intra-EU exports, too.', said Iulian Trandafir, General Director at Farmexpert, according to ZF.
Following the increase registered this year, it appears the the pharmaceutical market will keep this trend and will grew with 5-10% in 2014, estimated Trandafir.
Farmexpert, a major player in the Romanian market is owed by Alliance Healthcare Deutschland, a German group which is part of Alliance Boots, one of the largest healthcare groups world-wide.
'Pharmaceutical market grew from about EUR2.3 billion in 2010 to EUR2.85 billion last year and reached EUR1.7 billion in the first seven months of the current year, which will lead to an increase up to EUR3 billion by the end of 2013. Unfortunately, these data do not reflect the domestic market and domestic consumption as include intra-EU exports, too.', said Iulian Trandafir, General Director at Farmexpert, according to ZF.
Following the increase registered this year, it appears the the pharmaceutical market will keep this trend and will grew with 5-10% in 2014, estimated Trandafir.
Farmexpert, a major player in the Romanian market is owed by Alliance Healthcare Deutschland, a German group which is part of Alliance Boots, one of the largest healthcare groups world-wide.
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