Trends and prospects for the development of the pharmaceutical industry

Abstract

The article presents the results of the analysis of trends in the development of the pharmaceutical market in the world and Ukraine. The place of the pharmaceutical industry in the world and national economies is determined. It is established that pharma is one of the fastest growing sectors of the world economy with annual growth rates of up to 12 %. The pharmaceutical industry is assessed in the context of the development of the domestic manufacturing industry, where the pharmaceutical industry accounts for 4 % of GDP. The dynamics of the pharmaceutical market of Ukraine in 2011–2021 is analysed, and the investment activity of pharmaceutical enterprises is compared with other industrial companies. It is established that the share of capital investments in the total industrial volume of investments in the domestic pharmaceutical business is one of the highest among the industrial sectors of the Ukrainian economy. The results of a comparative analysis of the innovation activity of Ukrainian pharmaceutical enterprises in comparison with companies of other types of industrial activity and companies-leaders of the world pharmaceutical industry are presented. It is determined that the pharmaceutical industry is a leader among other sectors of the Ukrainian manufacturing industry in terms of the number of innovation-active enterprises. Innovative expenditures per 1 UAH of output in the pharmaceutical industry are higher than in knowledge-intensive industrial sectors.