pharmaceutical sector is slowly changing form and growing.
Privatisation and consolidation of once state owned industries
is a slow but positive step in the building of this industry.
At the present time there are fifty eight companies manufacturing
drugs in Ukraine. Most of these produce lower-priced products,
such as generic drugs and vitamins. Some of the large companies
manufacturing these medical products are Darnytsia, Kyivmedpreparat,
Pharmak and Halychpharm. Two of the countries giants in the
pharmaceutical industry, Kyivmedpreparat and Halychpharm have
got the Ukraine government’s approval to merge and form
Arterium Corp which will be involved in the research, marketing
and distribution of new medical products.
Despite this, the pharmaceuticals
imported into the country accounted for 62 per cent of the
Ukrainian drugs market. Of these 19.7 per cent of drugs were
imported from Germany, 14.7 per cent from India, 9.5 per cent
from France and 3 per cent from USA. It has also been observed
that pharmaceutical companies from Eastern Europe hold a sway
in Ukraine. This is possibly because both the patients and
the doctors are familiar with the drugs, which have been present
in the market from the time before its dissolution from the
Soviet Union. As a result of their long-term presence in the
Ukrainian market, they command the loyalty of the consumers.
According to BISNIS, most multinational pharmaceutical manufacturers
who play a role in the Ukrainian market are present with their
own respective representative offices or in a few cases through
the local distributors.
Although, in financial terms,
India ranks as the second largest exporter of pharmaceutical
products after Germany which ranks first, its pharmaceutical
exports are the largest in volume. Thirty per cent of Indian
exports to Ukraine are in the pharmaceutical sector. Representative
offices of a large number of Indian companies, like Ranbaxy,
Dr Reddy’s Laboratory, Sun Group etc, have been set
up in Ukraine. These major pharmaceutical companies have also
set up the Indian Pharmaceutical Manufacturing Association
Today Ukraine is one of the
biggest consumer markets in Europe. It has bilateral relationships
with many countries all over the world. Despite getting its
independence only a little over ten years ago, it is emerging
as a major player in trade and industry in Eastern Europe.
Its pharmaceutical industry is in need of help at the moment
and this makes it a good time for Indian pharmaceutical companies
to step in.