South Africa’s total pharmaceutical expenditure is set to increase from ZAR 43.3bn (USD 3.2bn) in 2017 to ZAR 45.4bn (USD 3.4bn) in 2018, equating to growth of 4.8% Beyond saving lives, a stronger regulatory system would allow for a fair and competitive playing field, eliminating low-priced, substandard products from the market. Local manufacturing, valued at R 4.9bn in 2015, is dominated by local companies. (PDF) Emerging Pharmaceutical Market in South Africa ... ... simple South Africa’s pharmaceutical industry was valued at R50 billion in 2018, based on the manufacturers exit price, and R68 billion when measured using retail sales. As sub-Saharan Africa develops its local pharmaceutical industry, it is imperative that countries continuously upgrade their quality standards and enforcement. stream EIPG: 2019 was about Brexit, 2020 was about Covid-19. Limited affordability of governments and the general population for healthcare and pharmaceuticals and a high reliance on donor funding will be the major market restraints. Pharmaceutical companies will increasingly benefit from a centralised procurement database. Its pharmaceutical spending per capita is high for an African country - at USD 57 in 2017. x����j1����R From major multinational pharmaceutical corporations to burgeoning local generic companies, a wide range of industry players are present, developing their best strategy to make the most of the many opportunities within the country’s borders and beyond. Half of Africans do not have access to essential drugs. Market Structure Approximately 8 local manufacturers Produce mainly generics. 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 The Pharmaceutical Industry in South Africa 2019 report has been added to ResearchAndMarkets.com' s offering. In 2015 Aspen had a market share of 15.3% and Adcock Ingram’s market share was 8.9%. 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. endobj endobj Government support has been focused on programmes that promote and support domestic manufacturing and R&D. The decision to focus on the situation in South Africa was motivated by the popularity of the country as clinical trial destination for the multinational pharmaceutical industry. ",#(7),01444'9=82. development of a local pharmaceutical industry for the local production of essen-tial drugs, and promoting the prescription of generic drugs in both the public and private sectors (see Exhibit 5).10 South Africa's Approach to the AIDS Crisis At the same time, South Africa was facing a tremendous increase in HIV in- 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. Major driving factor for Africa pharmaceutical market is the expansion of healthcare capacity which according to the World Bank Africa acquired 70,000 new hospital beds, 16,000 doctors, and 60,000 nurses, adding up to a total of 1,050,000 beds, 498,370 doctors, and 1,250,000 nurses between 2005 and 2012. Codice fiscale, Partita Iva e Iscrizione al Registro delle Imprese di Milano: 00753480151. African Pharmaceutical Market Outlook. By promoting significant investment in research and development, advancing ethical conduct and setting the bar for excellence in the pharmaceutical industry, IPASA aims to create a way for more effective, convenient and safer drug therapies to be made available to patients in South Africa. 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). ���x@�B� H��v�J�������8�c���K]��VA'"q�*��ވ�Z���C_�K_��-`c�Iذ�tۥ[�VX���5y���1]p���4[��)�,}~�� ����+�V���;o Ąz�����}W�SJH�W˦��b��W��FÉ�v����9㎭�7,���`�R��|��)���cg V���~|X�����8��r����Kl�*PR�����$�d�gӲ��O���-מ��_9��~^p�X�~>�Sa�~�w�]r�X&U�ʚʌm�1GI���+�ҟOP�r�O5[/�yYt���tG }�}���ׂn+9��]F�4��ҍcS��B�l�1N`8�q�*�P�&]���޸����f�_� � ��'js��d�pa?�Q��ȴtR;Yq����}-�e�R$^��uϪv� �VϏr South Africa is ranked number 46 in the list of global exporters of pharmaceutical products. 5 0 obj $.' Dublin, April 29, 2019 (GLOBE NEWSWIRE) -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering.. 1 0 obj Capitale sociale: 5.000.000 euro interamente versati. In the meanwhile, population will continue to suffer from infectious and parasitic illness, but lifestyle diseases such as cardiovascular diseases, diabetes, and cancer will witness high growth rates throughout the forecast period. ���� JFIF ` ` �� C Research and Markets Jun 06, 2019, 15:00 ET. <> The clinical trial business in South Africa is now valued at around 250 million Euros but very little information, other than business and profit analysis, is available. With the increasing adoption of Western lifestyle in Africa, there has been a paradigm shift in the burden of illness towards non-communicable diseases (NCDs), driving the demand for chronic prescription drugs. This is R 4.9 billion in value made up mostly of generic products, exported to Africa. This report is a comprehensive research of pharmaceutical industry in South Africa. 2 0 obj Based on World Health Organisation prediction, the proportional contribution of NCDs to the healthcare burden in Africa will rise by 21% through 2030. endobj South Africa is the only country in Africa that meets World Health Organization standards to manufacture pharmaceutical products. organisation, its industry, the triple context in which it operates, the capital it uses and affects as well as the key laws, rules, codes and standards applicable to the organisation. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. The purpose of this research is to investigate the shifting structure of pharmaceutical production in South Africa and examine the global and local factors that have contributed to this change. J Pharmaceutical are Health Systems o u r n a l o f t P h a r m a c e u t i c a l C a r e & H e a l h S y s t e m s ISSN: 2376-0419 Regulatory Analysis of Mark-up Structure in Medicine Prices by the Pharmaceutical Industry in South Africa Ondo ZG* Department of Pharmacology, Faculty of Health Sciences, University of Pretoria, South Africa ABSTRACT In a worldwide comparison Africa is currently a very small and economically sub-scale and micro-fragmented market. With the provision of the right drugs to treat respiratory infections, diarrheal diseases and malaria, around 10 million lives would have been saved in 2015. Sede legale: Via Eritrea 21 - 20157 Milano. Every 30 seconds one African child is killed due to malaria. <> <>>> The pharmaceutical market was valued at R 45 billion and the private sector holds 84%, while the public sector has 16% in value share. ii. She provided a SWOT analysis of the industry, and said the key strengths were the high demand for pharmaceutical products, and the fact that API manufacturing existed in the country. Moreover, since 2014, new drug compounds have reduced as a contributor to growth in the pharma industry. Africa will continue to grow for the foreseeable future. > The South African government and industry stakeholders continuously support the pharmaceutical and medical devices This rapid growth could be dependent of a convergence of changing economic profiles, rapid urbanisation, increased healthcare spending and investment, and increasing incidence of chronic lifestyle diseases. South African companies hold the number one position for overall market share, for Pharmaceuticals only and for over-the-counter medication only. Must act with due care, skill and diligence, ... Pharmaceutical Society of South Africa Save my name, email, and website in this browser for the next time I comment. > South Africa has committed to creating a competitive environment in the pharmaceutical and medical devices industry. 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). Share this article. It accounts for just two percent of the global pharmaceutical market, and when South Africa is excluded, has approximately half a percent of the global market spread across about 40 different countries in Sub-Saharan Africa. Based on African Pharmaceuticals Market Report of Frost and Sullivan of 2016, the pharmaceuticals market in Africa is expected to reach a business opportunity of $45 billion in 2020. The purpose of The predicted growth in the global pharmaceutical market between 2012 and 2021 is estimated at 26% (according to PROPARCO’s SP & D publication), but the African drug market could increase by 200% according to a realistic assumption, or by 300% according to an optimistic hypothesis within this same period. The Pharmaceutical Industry in South Africa: The pharmaceutical sector is dominated by multinational pharmaceutical companies. An emerging country with a dynamic market, South Africa is widely seen as the gateway to Africa. Now is the time for drug companies to decide whether they want to be part of that growth and, more important, play an active role in improving public health. 4 0 obj © 2020 Tecniche Nuove Spa • Tutti i diritti riservati. Pioneering pharmaceutical research and development. The highest growing pharmaceutical company in South Africa (by a long shot) is Mylan: a multinational firm that specializes in generics in South Africa (good move). 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). endstream – Structure of healthcare sector in South Africa – Pharmaceutical industry in South Africa • Price determination of pharmaceuticals – History of price formulation – Single Exit Price methodology • Price comparison tools – Scoping study analysis in the pharmaceutical sector • Competition Cases in the Pharmaceutical Sector 3 0 obj No local manufacturer of antiretroviral (ARV) active pharmaceutical ingredients (API). stream The South African pharmaceutical market is forecast to grow around 7% a year and reach R54 billion in value by 2021. South Africa E-mail: afatti@gmail.com E-mail: adeline.dutoit@up.ac.za Received February 12, accepted 25 February 2013 ABSTRACT: Currently the South African pharmaceutical industry is being affected by legislation, as the government is readjusting the whole healthcare system to make it cost-effective and equitable. The industry is highly concentrated with the two largest companies - Aspen Pharmacare and Adcock With the increasing adoption of Western lifestyle in Africa, there has been a paradigm shift in the burden of illness towar… Currently the South African pharmaceutical industry is being affected by legislation, as the government is readjusting the whole healthcare system to make it cost-effective and equitable. Download the full report on which this article is based, Africa: A Continent of Opportunity for Pharma and Patients (PDF–1.68MB). <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The pharmaceutical industry, a vital one which incorporates research and development, manufacture, import, distribution, wholesale and retail of pharmaceutical products, was valued at R39.3bn in 2015. �,��B����RC��"�b�l���n�CK޾���=8P��F���Hл���ި?�����A~Ǒ)�� You have entered an incorrect email address! The South African Pharmaceutical industry . The sector seeks to meet this challenge in the context of implementation of the National … South Africa Pharmaceutical Industry Report 2019 News provided by. A growth scenario is the one expected on African pharmaceutical market. Although a greater variety of products is available in the private sector, the public health sector consumes the largest volume of pharmaceuticals. 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