Georgia Pharmaceuticals Tenders

Georgia's pharmaceutical market is a hidden gem, boasting a steady climb of 7.5% annual growth, expected to reach a cool US$167.10 million by 2028. This upward swing is fueled by an expanding middle class, increased government spending, and a focus on improving healthcare access.

The Georgian government plays a vital role, spending an estimated GEL 4 billion (US$1.4 billion) on healthcare in 2021. This includes a significant chunk on pharmaceuticals, with a recent reference pricing system aiming to reduce prices by 40% and increase access to essential meds.

The government's shopping list prioritizes public health needs:
Prescription drugs: Covering chronic and acute illnesses, with a focus on generics to keep costs down.
Over-the-counter (OTC) meds: Pain relievers, cough syrups, and other essentials for self-treatment.
Hospital supplies: Ensuring hospitals have the tools they need, from bandages to syringes.
Vaccinations: Keeping the Georgian population immunized against preventable diseases.

Several key authorities oversee the spending:
Ministry of Health: The main decision-maker, setting policies and priorities for healthcare spending.
State Procurement Agency: Handles all government procurement, including pharmaceuticals, ensuring transparency and fair competition.
National Center for Disease Control and Public Health: Focuses on preventive measures, including vaccinations and public health campaigns.

Local and international companies are vying for a slice of the pie:
Aversi: This Georgian pharmaceutical leader holds a strong position, supplying essential meds and OTC products.
Teva: This Israeli giant brings its global expertise, offering a wide range of generics and branded drugs.
Gedeon Richter: This Hungarian player specializes in women's health and central nervous system drugs, making them a valuable partner.

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