2023: Ukrainian pharmaceutical market gradually recovers

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Next, the reduction in income due to the war and insufficient electricity supply, when people cannot work and businesses are paralyzed. This also affects the income of small and medium-sized enterprises and has a negative impact on all markets, including the pharmaceutical market. There is potential for further exchange rate appreciation. We hope that financial support will be provided, as was the case last year, but if this does not happen, this may lead to a change in the exchange rate and a devaluation of the hryvnia. This, in turn, will lead to an increase in the cost of drugs and their import into the country in hryvnia, which may cause a new wave of price increases in the market and increase competition.

According to the results of the first six months of bulgaria telegram data this year, sales of medical products in Ukraine reached more than 420 million packages. Sales of medicines in physical terms decreased by only 6.4%, compared to the same period in 2022. It is worth noting that the drop in sales for the first quarter was about 25%. This fact indicates a gradual recovery in the pace of production of medical products in Ukraine. This was reported by the press service of the pharmaceutical company "Darnitsa", referring to the analysis of leading specialists from Proxima Research.

2023: Ukrainian pharmaceutical market gradually recovers

Weekly dynamics of pharmacy sales volumes of medicines from the 1st week of 2022 to the 29th week of 2023 ( Source ).