STRATEGIC IMPERATIVES FOR DIGITISATION OF THE UKRAINIAN PHARMACEUTICAL INDUSTRY
##plugins.themes.bootstrap3.article.main##
##plugins.themes.bootstrap3.article.sidebar##
Abstract
The purpose of the paper is to identify the strategic imperatives of the pharmaceutical industry in the context of the development of the digital economy. Inclusion of the pharmaceutical industry in the list of priority sectors of the economy will help attract state investment support for production and increase the number of jobs. This will help to prevent a collapse in the supply of medicines and medical devices to the healthcare system and ensure their uninterrupted production and supply to the end consumer. The population of Ukraine will have access to quality medicines and medical products. Methodology. The article presents an analysis of the indicators of the pharmaceutical industry for the period 2019-2023. These include the volume of import and export of pharmaceutical products, the structure of the main marketing organisations in the pharmaceutical market, leading drugs in terms of sales volume on the Ukrainian market, the structure of sales of "pharmacy basket" products, and the volume of hospital supplies in terms of funding sources. This paper analyses the main trends of digitisation in the pharmaceutical industry at the global level and in Ukraine in particular. A SWOT analysis was conducted to assess the development of the pharmaceutical industry in Ukraine. The analysis focused on identifying the key factors that contribute to the successful development of e-commerce in the pharmaceutical industry. Results. The publication identifies the main positive and negative manifestations of digitalisation of the pharmaceutical industry in Ukraine and the factors that hinder its development. Practical implications. Thus, the introduction of digitalisation tools in the Ukrainian pharmaceutical industry is an important step towards improving its competitiveness. The deployment of smart manufacturing systems makes it possible to produce medicines faster and more accurately. Such technological solutions can help to optimise the supply chain, which is important for the pharmaceutical industry, where the accuracy and speed of supply of medicines is critical. The use of digital technologies improves control over the safety of pharmaceutical products and increases production efficiency. Automation of business processes through the use of AI, VR, AR, cloud computing, big data, etc. can help reduce production costs and improve product quality. However, the implementation of digitalisation technologies in the pharmaceutical industry also requires significant investments and qualified personnel, which may temporarily reduce competitiveness due to higher prices for finished products.
How to Cite
##plugins.themes.bootstrap3.article.details##
pharmaceutical industry, digital transformation, digitalisation, efficiency, competitiveness, development
Collins, J. (2023). "5 Leading Healthcare Trends For 2023". Forbes. Available at: https://www.forbes.com/sites/forbesagencycouncil/2023/02/16/5-leading-healthcare-trends-for-2023/?sh=44a4dd076c7d
Contrast Media/Contrast Agent Market by Type (2024) (Iodinated, Gadolinium, Barium, and Microbubble), Procedure (X-Ray/CT, MRI, and Ultrasound), Application (Radiology, Interventional Radiology, and Interventional Cardiology), Region - Global Forecast to 2024. Available at: https://www.marketsandmarkets.com/Market-Reports/contrast-media-market-911.html
Farm budget-2024: trends and forecasts (2023). Available at: https://proximaresearch.com/ua/ua/novini/farmbyudzhet-2024-ua/
Farm trends 2023: Ukrainian products dominate the market, and manufacturers increase exports (2023). Available at: https://mind.ua/publications/20263247-tendenciyi-farmi-2023-ukrayinska-produkciya-dominue-na-rinku-a-virobniki-naroshchuyut-eksport
Frost & Sullivan (2023). Healthcare & Life Sciences. Available at: https://www.frost.com/analytics/industry/transforming-healthcare
Horiachko, A. (2023). Softermi. "13 Healthcare IT Trends to Watch in 2023". Available at: https://www.softermii.com/blog/healthcare-information-technology-trends-to-watch
Kevrekidis, D. P., Minarikova, D., Markos, A., Malovecka, I., Minarik, P. (2018). Community pharmacy customer segmentation based on factors influencing their selection of pharmacy and over-the-counter medicines. Saudi Pharmaceutical Journal. Vol. 26. Issue 1. P. 33–43. Available at: https://www.sciencedirect.com/science/article/pii/S1319016417301962
Lurie D. (2022) What prevents the full digitalization of the pharmaceutical industry of Ukraine in 2022. EBA. Available at: https://eba.com.ua/shho-zavazhaye povnotsinnij-dydzhytalizatsiyi-farmatsevtychnoyi-galuzi-ukrayiny-v-2022-rotsi
The Law of Ukraine "On Medicinal Products" of April 4, 1996 № 123/96-VR. Available at: https://zakon.rada.gov.ua/laws/show/123/96-%D0%B2%D1%80?lang=en#Text
Organization and economics of pharmacy Part 1 Organization of pharmaceutical supply to the population: a textbook for students of higher educational institutions / A. S. Nemchenko and others; under the editorship A. S. Nemchenko. Kharkiv, 2015. 360 p.
Personalized Medicine Market Size, Share & Trends Analysis Report by Product (2023) (Personalized Medicine Therapeutics, Personalized Medical Care, Personalized Nutrition & Wellness), By Region, And Segment Forecasts, 2023 2030. Available at: https://www.grandviewresearch.com/industry-analysis/personalized-medicine-market
Pharmaceutical encyclopedia (2010). The reproduced medicinal product is a generic. Available at: https://www.pharmencyclopedia.com.ua/article/1754/vidtvorenij-likarskij-preparat
Pharmacy sales according to the results of 2021. Available at: https://www.apteka.ua/article/625683
Pharmacy sales according to the results of 2022. Available at: https://www.apteka.ua/article/656982
Pharmacy sales according to the results of 2023. Available at: https://www.apteka.ua/article/684747
Shabelnyk, T. V. (2013). Analysis of the influence of the characteristics of pharmaceutical products on business processes of marketing-oriented management. Economist. Kyiv. No. 11. P. 46–48.
The pharmaceutical industry is included in the priority sectors of the economy of Ukraine (2022). Available at: https://moz.gov.ua/article/news/farmacevtichnu-promislovist-vkljucheno-do-prioritetnih-galuzej-ekonomiki-ukraini-
Top 12 Pharmaceutical Industry Trends in 2024 (2024). Available at: https://www.globalpharmatek.com/blog/top-12-pharmaceutical-industry-trends-in-2024/?source=post_page-----4da6d693eb63
World Health Organization. A vision of health for all by 2030 (2024) - WHO and the Ministry of Health of Ukraine have released a new strategy for cooperation between countries. Available at: https://www.who.int/europe/news/item/20-02-2024-a-vision-for-health-for-all-by-2030---who-and-the-ukrainian-ministry-of-health-unveil-a-new-country-cooperation-strategy
YC.Market Blog. Market research and competitive analysis. Available at: https://blog.youcontrol.market/struktura-farmatsievtichnogho-rinku-ukrayini/
This work is licensed under a Creative Commons Attribution 4.0 International License.