Estonia, Markets and Companies, Medicine

Äripäev’s supplement Medical News writes that Medicine Producers Association council chairwoman Piret Sell is optimistic, looking at 2010. “I hope that it will be a small growth already. When we look at the general economy, there is some optimism,” she said, admitting though that 1.3% growth isn’t big.

Wholesales concern Magnum manager Leon Jankelevitsh agreed that the second quarter statistics of the market and the company’s figures indicate that the word “stability” characterises the market best.

Sell said that the biggest problem with the medicines market is that people don’t have the money to buy the medicines prescribed to them anymore, although that is usually one of the last spending to be scrapped.

Pharmacists’ Union chairwoman Kai Kimmel said though that people buy less and cheaper medicines and turnovers of pharmacies are constantly falling, thus she doesn’t understand where the 1.3% growth came from. She added that the growth could have come from pharmacies located in shopping centres or Tallinn.