UNDP prepares investment guide to pharmaceutical industry of Uzbekistan
13/09/2011 11:20
UNDP prepares investment guide to pharmaceutical industry of Uzbekistan
13/09/2011 11:20
Tashkent, Uzbekistan (UzDaily.com) -- United Nations Development Programme in Uzbekistan within “Support to Foreign Trade and Investment Promotion in Uzbekistan” project and in partnership with “Uzinfoinvest” agency under the Ministry for Foreign Economic Relations, Investments and Trade and Uzbek State Joint Stock Concern of Pharmaceutical Industry “UZPHARMSANOAT” has elaborated Investment Guide to the Pharmaceutical Industry of Uzbekistan.
The publication provides information on development of pharmaceutical industry in Uzbekistan and business opportunities available in order to facilitate inflow of foreign investments into this sector.
There are huge prospects of development of pharmaceutical industry as an important innovative dimension of Uzbek economy. Uzbekistan has certain comparative advantages for development pharmaceuticals production, in particular:
Today the pharmaceutical market of Uzbekistan totals approximately US$500 million and features quite high growth rates, approximately 10% per annum. Along with aforementioned demographic factors, improving public welfare and changes in the preferences, further sustainable development of the sector is expected. Provided that domestic demand grows 10-15 percent annually, the market may exceed US$1 billion in nearest years.
Notably the priorities of the Government of Uzbekistan, focused on comprehensive modernization of health system, the main consumer of the market of medical drugs and health products unveil new opportunities for investing into this sector.
Today over 1,000 inpatient health institutions, 4,000 polyclinics and outpatient institutions, 501 rural outpatient posts, 2,606 rural health clinics (RHC) and other health institutions are providing qualified public health services.
Thus, along with demographic growth, longer life expectancy, and increasing aging of population, and advancement of public health system, inter alia, thanks to the growth of health institutions, the need for medical drugs is increasing. Thus, the pharmaceutical sector has major development prospects.
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