Romanian pharmaceutical market to grow at an average rate of 6% over next five years

2010-02-04

The pharmaceutical market in Romania is expected to grow on average by 5.5-6% per annum in euro and 10-15% in Romanian lei between 2010 and 2015, according to Cegedim forecasts quoted in Ziarul Financiar. Between 2010 and 2011 the market is expected to stagnate or even decline slightly, with a change in euro varying from -5% to 2%, and to reach a 7% growth rate in euro starting from 2012.
In 2009, based on preliminary data, the Romanian pharmaceutical market was worth €1.8-1.9bn, declining by 3% for the first time after a five year period of double-figure growth. The reasons for the declines are the economic crisis and unfavourable €/RON exchange rates at which imported drug prices are calculated (some 80% of Romanian drugs sold are imported). In Romanian lei the market grew by 10% because of the devaluation of the lei in 2009.