Pharmaceutical industry in Russia: problems and prospects of development

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Abstract


The paper analyzes the changes in the Russian pharmaceutical market and discusses the prospects and trends of the Russian pharmaceutical industry. The purpose of the work is to identify the main directions and problems of development and functioning of the pharmaceutical industry of the Russian Federation. Over the past few years, the state has created a strategy for the development of pharmaceuticals, which can bring the industry to a new level. However, existing problems and the lack of an integrated approach hamper the fulfillment of this task. Based on the analysis, the author provides a list of recommendations to improve the efficiency of the functioning and solving the main problems of the pharmaceutical industry, special attention is paid to increasing the investment potential, strengthening the legal framework of the industry, and the importance of increasing the innovative potential of the industry.


About the authors

Ekaterina V. Nezhnikova

Peoples’ Friendship University of Russia (RUDN University)

Author for correspondence.
Email: katnej@mail.ru
6 Miklukho-Maklaya St., Moscow, 117198, Russian Federation

Dr. Sci (Econ.), Associate Professor

Maksim V. Maksimchuk

Peoples’ Friendship University of Russia (RUDN University)

Email: 1032176158@pfur.ru
6 Miklukho-Maklaya St., Moscow, 117198, Russian Federation

postgraduate student, Department of National Economics

References

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Copyright (c) 2019 Nezhnikova E.V., Maksimchuk M.V.

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