Market volume, however, declined by 3.6% versus 2013 and totaled 5.259 billion packs. Both retail and reimbursement volumes decreased by 4.5% and 7.6%, respectively.

Table. 2014 Russian pharmaceutical market by segment.

Segment

Value, mln. rubles.

 

Growth

Value, mln. packs

 

Growth

Q1-Q4  2013

Q1-Q4  2014

Q1-Q4  2013

Q1-Q4  2014

Retail segment of finished pharmaceutical products

608 841

674 710

10.80%

4 422

4 223

-4.50%

Parapharmaceuticals

169 404

182 956

8.00%

 

 

 

Reimbursement

84 829

84 056

-0.90%

75.3

70

-7.60%

Hospital audit

182 682

200 951

10.00%

957

967

1.00%

TOTAL

1 045 757

1 142 672

9.30%

5 455

5 259

-3.60%

 

Market declined by 10.6% in dollar value and amounted to 29.601 billion USD due to pronounced ruble exchange rate fluctuations.

Source: DSM Group, The Central Bank of the Russian Federation