Sectorial Brochure Pharmaceutical Sector of Armenia/ BA | Page 2

PHARMACEUTICAL
INDUSTRY IN ARMENIA
KEY FACTS
Production grew
1.8 times
in 2017 compared
with 2013
Access to a consumer
market with 1.5 billion
people with
0% or reduced
customs duties
1
Main products:
Vaccines, Generics,
Herbal medicines
Export-oriented:
Domestic exports
annually grew 28.2%
on average
between 2013
and 2017
Implementation of
the GMP,
an internationally
recognized quality
standard