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Development prospects of the Russian pharmaceutical industry in the modern context

Abstract

This article focuses on the prospects for the development of the Russian pharmaceutical industry in the modern economic and geopolitical context. The authors analyze the pharmaceutical market of the Russian Federation in the context of the importance of this industry for ensuring national security in the field of healthcare in times of crises brought about by various reasons. The objective of the present paper was to determine the vector of development of the Russian pharmaceutical market based on the identified structural characteristics and trends in the development of the industry in a rapidly changing geopolitical situation. As demonstrated by the analysis, the Russian pharmaceutical industry is critically dependent on the import of finished dosage forms and substances and is characterized by a consistently high share of noninnovative drugs, which in fact determines the main directions of development of the industry in the medium and long term. The article is based on the following methods: analyzing the results of monitoring the pharmaceutical market of the Russian Federation, analyzing statistical data and expert assessments of development trends in the global and national pharmaceutical industry. The authors come to the conclusion that it is necessary to promptly revise the structure and scope of government investment in the transition of the pharmaceutical industry to an innovative production model, which will allow Russian manufacturers both to meet the needs of Russian healthcare and support the fast-growing segment of the national economy and to become an exporter in the international pharmaceutical market.

About the Authors

E. B. Zavyalova
MGIMO University
Russian Federation

Elena B. Zavyalova - Ph.D. in Economics, Associate Professor, Head of the Department of Economic Policy and Public Private Partnerships

76, av. Vernadsky, Moscow, 119454

RSCI Author ID: 323607
Scopus Author ID: 57204059215
Researcher ID (WoS): AAR-7649-2021

 


D. V. Polozova
MGIMO University
Russian Federation

Darina V. Polozova - expert

76, av. Vernadsky, Moscow, 119454

 


References

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2. Ibid.

3. Ibid.

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5. Ibid.

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13. Ibid.

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19. Ibid.

20. Ibid.

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Review

For citations:


Zavyalova E.B., Polozova D.V. Development prospects of the Russian pharmaceutical industry in the modern context. International Business. 2023;(2 (4)):64-78.

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ISSN 2949-639X (Online)