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REGULATORY FRAMEWORK IN EAC MEMBER STATES . Pricing policies for in-patent pharmaceuticals 11 4.1.2. A viable pharmaceutical industry in Africa shall not only impact on the African health sys-tem and its capacity to respond to the health needs of the people but also will contribute to the overall socioeconomic development of the continent. Robust market growth diabetes and cancer. Healthcare and pharmaceutical spending 8 3.1. The South African pharmaceutical market is forecast to grow around 7% a year and reach R54 billion in value by 2021. • What are the growth opportunities in the East African pharmaceutical market? Its pharmaceutical spending per capita is high for an African country - at USD 57 in 2017. KSA, Egypt and South Africa continue to drive Institutional sales growth at double digits; sales for Kuwait and Jordan declined by 4% and 6% respectively. That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. The Federation of East African Pharmaceutical Manufacturers has also been engaged and is advocating for tax incentives and preferential pricing to bolster member competitiveness. Sub-Saharan Africa is expected to lead the trajectory at a rate of 7.5% CAGR.3 The South African pharmaceutical market was valued at $3.2 billion in 2017, making it the biggest in Africa (ahead of Nigeria, Egypt, and Kenya). The global pharmaceutical market, valued at $1.1 trillion in 2017, 3 is expected to grow to $1.4 trillion by 2020, representing a 4.2% compound annual growth rate (CAGR). Regulations: Pharmaceutical regulation in Uganda is governed … Pricing policies for pharmaceuticals 11 4.1.1. Single Account. 3. In the five years from 2006 to 2010, more than 2.5 million medical tourists visited South Africa, out of which less than 10% were from high-income countries and more than 85% from other African countries, mostly from neighboring Lesotho, Swaziland, Mozambique and Zimbabwe. 40% increase in next 5 years ARV treatment programme South Africa accounts for 20% of all people on antiretroviral (ARV) treatment worldwide. 337 27 205 127 205 183 425 31 194 149 499 273 0 100 200 300 400 500 600 … Background to the pharmaceutical market in South Africa 3. South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. South Africa is the only country in Africa that meets World Health Organization standards to manufacture pharmaceutical products. some aspects of clinical trial approval. It also makes a substantial contribution to the region by investing in local healthcare and ensuring continued access to new medicines. Of the prescription drugs sold in the private pharmaceutical sector, 61% of its total value related to originator drugs and 36% of its total value related to generic drugs5. Find Pharmaceutical Companies in Africa and get directions and maps for local businesses in Africa. The sector seeks to meet this challenge in the context of implementation of the National … • Who are the main stakeholders in the East African pharmaceutical market? South Africa is Africa’s market leader in providing medical tourism services. South Africa’s pharmaceutical market is the single largest on the African continent. But Africa is fragmented and complex, underscoring the need for experienced guidance in selecting priority markets and designing how best to enter them. Polio, now eradicated from many parts of the world, is still endemic in Nigeria and outbreaks also occur in other African countries. Click image to view it in full size . Many global companies want to set up or expand their operations in Africa to participate in the rapid growth that the region is enjoying. Pharmaceutical pricing policies 11 4.1. The paper tries to make the structures of the There is a rough estimate of 2000 to 2500 registered pharmaceutical companies which caters to the need of people in villages and towns inhabited across. Despite a 2000 Council of Ministers … The majority of manufacturers, including all those located in Sub-Saharan Africa (with the exception of one company in South Africa) have to buy all APIs in the open market. Africa is the world’s next big growth market and recommend strategies for successfully navigating the region’s business landscape. The Middle East and Africa pharmaceutical market has remained steady at $25.6 B in value driven by growth in Institutional channel across multiple key markets; Both value and volumes grew at 9% from MAT Q1 2018 to MAT Q1 2019. The pharmaceutical industry in Ghana comprises of private as well as public players. PdF/PPT/XLS/Hard Copy. Like the majority of African countries, Nigeria's pharmaceutical market is extremely reliant on importing its medicines. South Africa, Turkey and Vietnam) Source: IQVIA (MIDAS May 2019) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA AND JAPAN (MILLION OF NATIONAL CURRENCY UNITS*), 1990-2017 * Note: Europe: € million; USA: $ million; Japan: ¥ million x 100 Source: EFPIA member associations, PhRMA, JPMA SHARE OF PARALLEL IMPORTS IN PHARMACY MARKET SALES (%) – 2017 Note: U.K.: in % of pharmacy market … Prescription drugs represent 70% of the South African pharmaceutical market and the rest is over the counter (OTC) medicines. Nearly half of infected persons in SA are under the treatment regime. Healthcare expenditure and sources of financing 8 3.2. industry, to address the development of the pharmaceutical industry. List of best Pharmaceutical Companies in Africa of 2021. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. Africa, Turkey and Vietnam) Source: IMS Health (MIDAS May 2017) 5 PHARMACEUTICAL R&D EXPENDITURE IN EUROPE, USA AND JAPAN (MILLION OF NATIONAL CURRENCY UNITS*), 1995-2015 * Note: Europe: € million; USA: $ million; Japan: ¥ million x 100 (e): estimate Source: EFPIA member associations, PhRMA, JPMA SHARE OF PARALLEL IMPORTS IN PHARMACY MARKET SALES (%) – … Market Overview. To date, three types of pharmaceutical industry players have a track record of success, defined as sustainable revenue-generating business operation: innovative multinational companies (MNCs), Indian and Chinese pharmaceutical companies, and local manufacturers in Northern and South Africa. “An international standard, commercially viable pharmaceutical industry in Africa can contribute to improved access to effective, safe and affordable essential medicines and economic development”, he said. Medical device . Key Find pharmaceutical products have their own API manufacturing capabilities, and none of them can make all required APIs in-house. Pharmaceutical imports, which reached a value of USD299mn in 2016, are expected to grow by CAGR of -0.2% to reach USD296mn by 2021. RESEARCH: INFOGRAPHIC This infographic presents a brief overview of the research, and highlights the key topics discussed in it. Nigeria Pharmaceutical Market Outlook 2017-2030 || 2020 Edition . South Africa has a two-tiered healthcare system, comprising a public and private sector which have disparate resources, and access medicines via different channels. pharmaceuticals. The pharmaceutical industry provides the vital service of providing medication to the South African population and was valued at between R42.6bn and R45bn in 2016. Pharmaceutical companies will increasingly benefit from a centralised procurement database. The industry faces the challenge of expanding access to and affordability of drugs, on the one hand and growing South Africa’s drug manufacturing capacity on the other. Membership of COMESA should bolster the country's attractiveness to companies looking to manufacture products in the country. MNCs Most of the major pharmaceutical MNCs have had a presence in Africa for a number of years. This feeds into what is the continent’s largest healthcare market valued at approximately USD28.1 billion. (Pharmaceutical Manufacturing Plan for Africa) • Viable pharmaceutical industry in Africa would +ve impact • African health systems and capacity to respond to the health needs of the people • Contribute to the overall socioeconomic development of the continent. Key View: In the most recent update of our Autos Sales Risk/Reward Index (RRI), South Africa's overall score weakened to 44.6 out of a possible 100, down from 45.1 previously.Despite this, South Africa now ranks second out of 19 Sub-Saharan African (SSA) countries we cover in terms of its attractiveness as a vehicle - The South African pharmaceuticals market had total revenues of $7.0m in 2018, representing a compound annual growth rate (CAGR) of 7.1% between 2014 and 2018. $39 $59 per month * in the first 12 months View for free. Africa is a new and growing market for international pharmaceutical companies. South Africa has the largest life sciences market on the African continent, at approximately USD3.2 billion. Executive Summary. Nigeria's key pharmaceutical import partners include India, China and the US. Africa’s drug market is enticing. Available to download in PNG, PDF, XLS format. In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. Table of Contents. Expand All Collapse All. The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. The pharmaceutical market is anticipated to more than double to US$1.3 trillion by 2020 The growthmarkets include,in descending order ofsize, China, Brazil, Russia,India, Mexico, Turkey,Poland,Venezuela,Argentina,Indonesia,SouthAfrica, Thailand,Romania, Egypt,Ukraine, PakistanandVietnam. gateway to the Southern African market for manufacturers of pharmaceutical products. 1. Pharmaceutical market size and expenditure 10 4. Uganda is a part of Common Market for Eastern and Southern Africa (COMESA), an increasingly influential 19-member economic bloc covering a large swathe of Africa, including South Africa. South African Market (According to Wesgro Report 2014) 3.1 Growth Rates Compared with the pharmaceutical market, where domestic manufacturers are now able to meet 50% of demand in volume terms, South Africa’s domestic medical device industry remains underdeveloped, with imports catering for 90% of the market by value. Furthermore, some of Africa’s 10 top pharmaceutical markets of South Africa, Sudan, Tunisia, Morocco, Nigeria, Kenya, Algeria, Cote d’Ivoire, Egypt and Libya, which account for nearly 70% of the continent’s total revenue from pharmaceutical industry, are keen on improving the regulatory framework to woo more private sector investors in drug manufacturing and distribution. Region Covered: Nigeria. The South African medical device market was estimated at USD1.2bn … Local manufacturing, valued at R 4.9bn in 2015, is dominated by local companies. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). 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