The state has long been trying to regulate the pharmaceutical
market, but unsuccessfully - drugs are constantly hiking in price as well as medical
services, in addition to this, doctors who are in collusion with pharmacies,
prescribe more and more drugs to patients – as a rule, more than necessary.
To date, 70% of the Georgian pharmaceutical market is in the hands
of 5 large companies, and small and independent players occupy only 30%.
The Ministry of Health continues to talk about a very high level
of competition in this sector, which excludes conclusion of cartel deals.
According to Health Minister David Sergienko, the audit
showed that the profits of pharmaceutical companies fully comply with world
standards, and is not overstated.
However, the study conducted by the fund Curacio showed that
everything is not as rosy as it seems to the minister. This is evidenced by an
exceptionally high mark-up on medicines in Georgian pharmacy chains , namely 102%.
While in Europe it is several times lower - in Hungary 27%, in
Poland 32%, in the Czech Republic 35%, in Greece 46%, in Italy 49%.
And this is despite the purchasing power in Georgia is several
times lower than in Europe.