Ukrainians spent UAH 194.7 billion on pharmacy products last year: market analysis

31 January 14:39

In 2024, the total pharmacy sales of “pharmacy basket” goods reached UAH 194.7 billion, which is 19% more than in 2023. It is reported by "Komersant Ukrainian" with reference to the industry publication Apteka.ua.

In physical terms, sales amounted to almost 1.3 billion packs, which is only 1% more than in the previous year.

At the same time, sales in dollar terms increased by 8% and reached USD 4.8 billion. IN US DOLLARS, SALES GREW BY 8% AND REACHED USD 4.8 BILLION.

Analysis of sales dynamics

The increase in pharmacy sales in monetary terms was observed in all categories of the “pharmacy basket”. At the same time, a decline was recorded for medicines in physical terms (-0.9%).

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The highest growth rates were demonstrated by dietary supplements: their sales in monetary terms increased by 28% and in volume terms by 13%. The share of dietary supplements in the overall market structure continues to grow, reaching 11.2% in monetary terms and 8.9% in volume terms.

In December 2024, the Verkhovna Rada adopted Draft Law No. 11389 on the regulation of the circulation of food supplements. Its implementation may affect the further growth dynamics of this segment.

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As reported by [Kommersant] the Ukrainian pharmaceutical market has undergone significant changes in recent years. The concentration of pharmacies in the hands of big business has led to monopolization of the segment and uneven access to medicines for the population. Therefore, the government plans to introduce regulation of the distance between pharmacies to improve the situation and create equal conditions for all market participants.

Остафійчук Ярослав
Editor

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