how big is the pharmaceutical industry in south africa

The country’s cell phone market is also the 4th fastest growing in the world at a rate of 50% per year. Administrative divisions1.5. How big is the bargaining power of buyers? SOUTH AFRICA: FINANCIAL AND ECONOMIC PROFILE, 2.1. Global Medical Adhesives and Sealants Market Outlook 2020-2027:... Abbott Laboratories South Africa (Pty) Ltd, Forever Living Products South Africa (Pty) Ltd, Fresenius Kabi Manufacturing SA (Pty) Ltd, Hersol Manufacturing Laboratories (Pty) Ltd, South African Nuclear Energy Corporation SOC Ltd (The), Zenith Pharmaceutical Distributors (Pty) Ltd. | Demography1.4. Historical background1.3. The pharmaceutical industry provides medication to the South African population and was valued at between R42.6bn and R45bn in 2016. The continent is home to some 13% of the world’s population and the increase in the population’s ability to pay, allows them to devote an ever-larger proportion of their income to health expenditure (which, however, only stands at some 6%). This is projected to rise to 60% and 65% by 2020. Economic Environment5.2. According to the Africa: A continent of opportunity for pharma patients report by McKinsey & Company, the value of Africa’s pharmaceutical industry jumped to US$20.8bn in 2013 from just $4.7bn a decade earlier, and will be worth $40bn to $65bn by 2020. The PTG is a liaison body involved in pharmaceutical matters within the Pharmaceutical Industry in South Africa and with several relevant stakeholders where appropriate. Is there a threat of new competitors entering the market? A range of infectious and non-communicable diseases plague the continent. It represents over 90% of the South African pharmaceutical market in value and comprises a grouping of associations from both research-based innovative pharmaceutical companies and local generic companies. BAC Reports, Single User License - US$ 1,160.00 That growth is continuing at a rapid pace: we predict the market will be worth USD 56 billion to USD 70 billion by 2030. Continental4.3. 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. The first two chapters of the report feature the country profile by giving general information on South Africa and by thoroughly studying its economic state, (including key macroeconomic indicators and their development trends). 2.1. DUBLIN, June 6, 2019 /PRNewswire/ --  The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. The Pharmaceutical Industry in South Africa, 2019, with Comprehensive Profiles on 89 Companies - ResearchAndMarkets.com April 29, 2019 06:50 AM Eastern Daylight Time. Thus, our clients always obtain a revised and updated version of each report. Local companies have been integral in this process. Every day the pharmaceutical industry strives to develop better and more effective drugs and therapies to battle the world’s most pressing health problems. South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. New Pharmaceutical jobs added daily. Hard Copy Mail Delivery (+US$ 190.00). With the number of diseases that are difficult to cure, crave for anti-aging, passion for cosmetic surgery and lots more, there is no country in the world that doesn’t have a strong pharmaceutical industry. Africa is the only pharmaceutical market where genuinely high growth is still achievable, value of Africa’s pharmaceutical industry jumped to USD 28.56 billion in 2017 from just USD 5.5 billion a decade earlier. o While public health remains to be a key focus in South Africa, Industry 4.0 is gaining additional importance. Related news bulletins update and add the finishing touch to an overview of economic situation in South Africa. It’s also good news for … That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. 1.1. Ratings by major rating agencies, 3. There is no doubt: the pharmaceutical industry in Africa has a bright future ahead of it. SOUTH AFRICA ECONOMY NEWS AND ANALYSIS DIGEST. “The problem is how the Gross Domestic Product (GDP) is distributed. “This presents infinite opportunities for investors to access multiple markets in Africa,” said Magwanishe. Geographical position1.2. Many investment opportunities lie in developing access control systems/security equipment, systems, and software development in the banking and financial services sector, exporting hardware, silicon processing for fiber optics, integrated circuits, and so… In 2015 the South African pharmaceutical total market value was estimated at $3.3 billion. Business Analytic Center (BAC) has information for more than 25,000 different products available but it is impossible to have all reports updated immediately. The sector seeks to meet this challenge in the context of implementation of the National … | 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. Environmental Concerns6. Description of the Industry2.1. Get your business to the top of the list for free, Contact Us for details Pharmaceutical Companies. /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. Cultural differences and their impact on business negotiations, 2. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. o The pharmaceuticals market in Africa is expected to reach a business opportunity of $45 billion in 2020, ... patents filed in South Africa. Websites, For more information about this report visit https://www.researchandmarkets.com/r/o8i01s. Please also note that we do not charge for such an updating procedure. List of best Pharmaceutical Companies in Africa of 2021. According to the Pharmaceutical Industry in South Africa 2017 report of research and markets, the pharmaceutical industry provides the vital service of providing medication to the South African population and was valued at between R 42.6bn (€ 2,72bn) and R 45bn in 2016. This report is a comprehensive research of pharmaceutical industry in South Africa. What is the intensity of competitive rivalry? Non-communicable diseases such as cardiovascular disease and diabetes are growing. As a result of the disease burden, pharmaceutical companies have been expanding their activities in Africa. Procedures for starting a business 3.2. Labour Resources5.3. South African Pharmaceutical Industry 2017-2018 with 88 Company Profiles, including Pfizer, Aspen and Roche - ResearchAndMarkets.com July 19, 2018 06:04 AM Eastern Daylight Time Current investment climate 2.5. Enterprise Development and Social Economic Development4.2. Pharmaceutical Companies. SWOT Analysis8. The PTG is made … 50 pages Engineering & Construction Services Company Report, Computers & Electronic Equipment Company Reports, Software & Technology Services Company Reports, Healthcare Equipment/Supplies Company Reports. Following the legalisation of cannabis for private use, the first medical cannabis cultivation licences have been awarded. There are comprehensive profiles of 89 companies including the major manufacturers Aspen Pharmacare, Adcock Ingram and Indian manufacturer Cipla and the biggest retailers Dis-Chem and Clicks (New Clicks). Outline of Presentation Background on the Regulatory framework Cost of Healthcare Patent applications and grants Market structure CCSA interventions in the market Enforcement cases Merger cases Market inquiry into the Healthcare sector … PECULIARITIES OF DOING BUSINESS IN SOUTH AFRICA, 3.1. In South Africa, various killer diseases like tuberculosis, HIV Aids, Hepatitis A and B, and Lassa fever have claimed some lives untimely. Social environment and culture. Barriers to Entry7. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. South Africa’s pharmaceutical industry employs pharmacists in a wide range of positions such as production, regulatory affairs, quality assurance, responsible pharmacists, etc. Generally, these factors have resulted in a decline in the number of pharmaceutical manufacturers in South Africa and in particular manufacturing operations owned by multinational companies. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. Routine for building permits obtaining 3.3. Corporate Actions4.1.2. Publications10.2. M P Pharmaceuticals. Here are the biggest pharmaceutical companies in the world based on their 2016 revenue: 10. This updating process takes 3-5 business days after order is placed. The pharmaceutical sector, which researches, develops, markets and distributes drugs, as part of the wider healthcare system, is valued at R50bn at manufacturers' exit price and R68bn using retail sales. Debt collection 3.9. Business liquidation, 4. Measures for investments protection 3.6. Size of the Industry4. Economic situation1.7. SOUTH AFRICA PHARMACEUTICAL INDUSTRY PORTER FIVE FORCES ANALYSIS, 6. This report is a comprehensive research of pharmaceutical industry in South Africa. The Pharmaceutical Industry and its Competitive Dynamics: South Africa BRICS Working Group: Roundtable Discussion 12 March 2015 Moscow, Russia 1 . Leverage your professional network, and get hired. By 2019, the South African exports of pharmaceutical products will increase to approximately $526 million. Industry Supply Chain2.2. State of the Industry4.1. This chapter elucidates the country’s fiscal system, existing labour practices, property rights regulation peculiarities and other issues vital for running business in this country. Today’s top 4,000+ Pharmaceutical jobs in South Africa. SOUTH AFRICA PHARMACEUTICAL INDUSTRY OVERVIEW, 5. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). Industry Associations10. Corporate License - US$ 2,320.00, Email Delivery - PDF (on default), In 1990they accounted for 28% of illnesses and 35% of deaths. Political situation 1.6. The pharmaceuticals and life sciences industries are at a pivotal point. South Africa foreign trade 2.4. Several developments that will affect the industry include the Medical Aid Schemes Bill, National Health Insurance Bill, intellectual property regime overhaul, Competition Commission health inquiry and the introduction of a new regulator for medicines, medical devices and complementary medicines. The third chapter covers common business procedures in the country: from … All of these issues are discussed in detail in the report.Report Coverage: This report on the pharmaceutical industry describes the industry, its size, new developments and factors influencing its success. International5. Current employment state2.6. The third chapter covers common business procedures in the country: from starting a project to closing a business. Introduction2. The aim of this study is to provide a tool which will assist strategy group and the management team specialists in making correct decisions as how to penetrate the South Africa market and how to catch the maximum commercial opportunities in dealing with business partners in this country. South Africa has developed an established, diversified manufacturing base that has shown its resilience and potential to compete in the global economy.The manufacturing sector provides a locus for stimulating the growth of other activities, such as services, and achieving specific outcomes, such as employment creation and economic empowerment. The sector seeks to meet this challenge in the context of implementation of the National Health Insurance (NHI) and rapid technological developments. 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. More than 300 pharmaceutical companies have manufacturing sites in Afr… from 16 000 in 2000.3 Thus, South Africa’s performance in pharmaceuticals appears to be steadily weakening. *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. 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.
how big is the pharmaceutical industry in south africa 2021