Challenges of Azerbaijan Pharmacy Market Development

Abstract

The goal of this paper is to analyze the main issues of supply and demand of Azerbaijan pharmacy market due to develop the ground forrecommendations for further reform. All over the world pharmaceutical market is integrated into the economic system of a country but plays a specific role as one of the mostimportant determinant of population well-being.  Statistical researches show the close correlation between aggregate macroeconomic and demographicindicatorsand demand inpharmacy market.
Market structureand management ofhealth caresystemare determinatesofsupply andpricingmechanism.Brief analytical and statistical review of pharmaceutical markets of Azerbaijan is done.In the country health care system entirely and pharmaceutical markets mostly are under direct and indirect control of government.  Despite pharmaceutical market demonstrates improved availability, and matured in terms of importation, wholesale, distribution, and retail, the governanceand financing of the system is anachronistic. Old Soviet type of health care system (so called Semashko system) is in conflict to the new marketmethods.Based on available data and dialogue interviews with key stakeholders in the healthcare sector and Azerbaijan pharmaceutical market, somerecommendations are offered.