Biotechnologies and Pharmaceuticals sector in Russia

Russia is the largest market in Central and Eastern Europe, and among the ten largest pharmaceutical markets in the world (it took 7th place at the end of 2012)

Market overview

  • According to the DSM Group, the value of Russian pharmaceutical market in 2012 amounted to 921 billion roubles in consumer process, which is 12% more than in 2011. Russia was ranked third in the world for growth rate.

  • This market heavily depends on imports. The value of pharmaceuticals import to Russia in 2012 amounted to 14.4 billion US dollars, which is 9% higher than in 2011 (DSM Group Data)

  • Russia’s entry to the WTO should provide a clearer regulatory pathway for foreign original drug makers through strong intellectual property (IP) legislation.

Key opportunities

  • Russian pharmaceutical producers will have to switch to Good Manufacturing Practice (GMP) standards starting from January 1, 2014. This opens opportunities for UK providers of GMP compliant technology and equipment..

Latest export opportunities – Biotechnology and Pharmaceuticals

Latest export opportunities – Russia

Getting into the market

About doing business in Russia

Contacts

Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS).

To commission research or for general advice about the market, get in touch with our specialists in country – or contact your local international trade team.

  • Elena Anisina, British Consulate General in Ekaterinburg Tel: +7 343 253 5605 or email: elena.anisina@fconet.fco.gov.uk

  • Maria Semchenkova, British Embassy Moscow

Tel: +7 495 956 7372 or email: maria.semchenkova@fco.gov.uk

Contact your local international trade team

Events

UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows.

Latest events – Biotechnology and Pharmaceuticals

Pharmtech

Date: 25-28 November 2013

URL: http://www.pharmtech-expo.ru/

Apteka (part of Zdravookhraneniye)

Date: 9-13 December 2013

URL: http://www.zdravo-expo.ru/en/

Useful links

More about OMIS and other UKTI services for exporters

Sectors: Biotechnology & Pharmaceuticals
Countries: Russia
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