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Section Business and Economics

Branding Strategies as a Tool for Competitive Growth in Local Pharmaceuticals

Strategi Branding sebagai Alat untuk Pertumbuhan Kompetitif di Industri Farmasi Lokal
Vol. 10 No. 2 (2025): December:

Khasanov Sokhib Latifovich (1)

(1) Independent researcher at Tashkent State University of Economics, Uzbekistan
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Abstract:

General Background: The pharmaceutical industry plays a pivotal role in national healthcare and economic security, especially under increasing global competition and consumer demand. Specific Background: In Uzbekistan, recent state reforms have driven growth in the local pharmaceutical sector, yet many enterprises lack strategic branding, limiting their market competitiveness. Knowledge Gap: Despite global recognition of branding’s impact, local studies inadequately address its strategic, psychological, and institutional dimensions, often reducing it to superficial elements like logos or product names. Aims: This study aims to analyze the role of branding strategies in shaping a competitive environment among Uzbek pharmaceutical enterprises and to propose context-specific solutions for brand development. Results: The analysis reveals that domestic products occupy 37% of the market by volume but only 13% by value, highlighting a branding deficit. Strategic branding can enhance consumer trust, differentiate products, and increase export readiness. Novelty: The study integrates multidisciplinary branding theories with local market analysis, offering practical, evidence-based branding recommendations tailored to Uzbekistan’s pharmaceutical sector. Implications: Effective branding strategies can serve as tools for sustainable competitiveness, transforming local pharmaceutical brands into assets that foster customer loyalty, attract investment, and bolster national economic resilience.
Highlights: 




  • Strategic Branding Is Essential
    Branding is not just logos—it builds consumer trust, emotional connection, and long-term market positioning for local pharmaceutical firms.




  • Local Brands Are Underdeveloped
    Despite making up 37% of consumption, most Uzbek pharmaceutical companies lack a full branding platform and remain focused only on product names and packaging.




  • Branding Boosts Export and Investment
    A strong brand image increases not just domestic loyalty but also international market access and investor appeal.




Keywords: Branding Strategy, Pharmaceutical Industry, Competitive Advantage, Consumer Trust, Uzbekistan

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