Vaccines sector in Greece reaches 165 mln€ in value last year

By G. Sakkas

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The vaccines sector in Greece for 2017 reached 165 million euros in value, while at the same time comprising a significant portion of local pharmacies’ turnover.

Stepped up ad campaigns for anti-flu and anti- pneumococcus vaccines – beginning in 2016 – combined with concerns over a resurgence in instances of measles in the country, boosted the domestic vaccines market in 2017 by 20 million euros, compared to the previous year.

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GSK, MSD, Pfizer and Vianex – the local manufacturer of vaccines patented by Sanofi Pasteur – were the market leaders for vaccine sales in Greece.

According to recently released figures, a total of 4.7 billion doses were made available by private pharmacies, up from 4.4 million in 2016, with 30 percent of the latter dealing with anti-flu vaccines.

One result was a 14-percent increase in pharmacies’ turnover for vaccine sales, which is estimated to have reached 165 million euros in 2017 in a country of roughly 11 million residents.