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Substitution of low-cost generic drugs for innovator drugs has proved to be a successful strategy in lowering down the healthcare costs. Therefore, the government and healthcare providers believe that the growth of generic drug market is important for the long term economic health in both developed and developing markets.

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The report determines the market share of generic and innovative drugs in Russia’s overall pharmaceutical sector. It offers fresh data on market value, overall and for each segment, including historical data captured in recent years. This document supplies complete coverage of the pricing, markup and reimbursement rules and procedures utilised in the Russian pharmaceutical market for these types of medicines. It includes proposed and planned changes to rules in accordance with the Russian Pharma 2020, a government program that aims to expand domestic manufacturing of generic and innovative drugs and regulate the activity of international producers more closely.

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Global Generic drugs market was worth USD 395.20 billion in 2016 and is expected to reach USD 652.6 billion by 2021 with a CAGR of 10.53%

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