Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Industry revenue of »dispensing chemist in specialised stores« in Romania 2011-2023

Over the years, Romania has emerged as one of the fastest growing pharmaceutical markets in Europe, fuelled by the introduction of new inexpensive drugs, growing investments in research and development, and a growing elderly population. As a result, industry revenues are projected to grow from 3.5 billion U.S. dollars in 2011 to over 5.4 billion U.S. dollars by 2023. Over 100 active pharmaceutical companies currently operate in the market, with Terapia being the leader, having garnered revenues of over 730 million Romanian lei in 2018. Other major companies include Zentiva, Antibiotice, NDOZ, and Biofarm.

Another key reason for the industries’ growth has been the rising demand for OTC drugs, which have taken to the market very well, despite their higher retail prices due to a high VAT rate. According to data from pharmaboardroom.com, OTC drugs witnessed a 19 percent year-over-year growth in terms of value and 37 percent growth in terms of the number of units sold in 2019. These drugs can be purchased without a medical prescription and hence are popular with consumers.

Industry revenue of »dispensing chemist in specialised stores« in Romania from 2011 to 2023

Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$700 per month*
(billed annually)
* Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Romania. The industry “dispensing chemist in specialised stores“ has the code “G4773“.

Details on the methodology can be found here.

Please visit here for more information on Statista market forecasts.

Use Statista now: unlimited access to all content

Statistics on "Economic Outlook Romania"

Further Content: You might find this interesting as well

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.