... research and development and competition. The pharmaceutical sector is dominated by multinational pharmaceutical companies. Speak to our Custom Research Team, The Pharmaceutical Industry in South Africa 2020. Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- "The Pharmaceutical Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. Pioneering pharmaceutical research and development. Sign up today for your free Reader Account! This product is a market research report. Research and Markets partners with charity: water. 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. No local manufacturer of antiretroviral (ARV) active pharmaceutical ingredients (API). 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… Some of the cases have brought much change in terms of costs and access to drugs especially ARVs. Download with Google Download with Facebook. The 4 Innovative Pharmaceutical Association of South Africa (IPASA), 2014. Competition in South African Banking … and the South African …, 2004. * The price quoted above is only valid for 30 days. South Africa was ranked 46 globally for exporting pharmaceutical products, and 42 for imports. Government Interventions5.3. Its pharmaceutical spending per capita is high for an African country - at USD 57 in 2017. So basically for every R1 … The country’s cell phone market is also the 4th fastest growing in the world at a rate of 50% per year. Create a free account to download. > South Africa has committed to creating a competitive environment in the pharmaceutical and medical devices industry. Drug Abuse5.8. Market Structure Approximately 8 local manufacturers Produce mainly generics. Coronavirus5.2. The pharmaceutical industry continues to evolve and change, particularly in light of a number of important industry trends that are reshaping its future. Other profiles include state-owned South African Nuclear Energy Corporation, whose subsidiary NTP Radioisotopes is one of the world's largest producers of medical radioisotopes and radioisotope-based diagnostic imaging and therapy products, and Alpha Pharm pharmacies, the largest group of independent community pharmacies in South Africa. Government support has been focused on programmes that promote and support domestic manufacturing and R&D. This is a single user license, allowing one specific user access to the product. Download Full PDF Package. The pharmaceutical sector is dominated by multinational pharmaceutical companies. Influencing Factors5.1. Despite the challenges facing Africa’s pharmaceutical industry, the continent is actually on track to become the fastest growing pharmaceutical market in the world. Premium PDF Package. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Sean will help you find what you are looking for. Dr Kayode Ayankoya. PDF. Labour Resources5.5. 8 October 2020. In the pharmaceutical industry, competition can motivate brand companies to create new and improved medicines and encourage generic companies to offer less expensive alternatives. In a worldwide comparison Africa is currently a very small and economically sub-scale and micro-fragmented market. State-owned pharmaceutical manufacturer Ketlaphela has yet to begin production of APIs. Please select an option from the list below. 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% Approximately 25 foreign pharmaceutical companies selling medicine into South Africa market (e.g. Erik Roos, chief executive of one of the fastest growing pharma companies in South Africa, Pharma Dynamics, says globally the business of pharmaceutics is … Pharmaceuticals in South Africa Summary Pharmaceuticals in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2015-19, and forecast to 2024). Still haven't found what you're looking for? Manufacturers' profit margins continue to narrow.Demand for sanitisers and hygiene products in response to coronavirus has seen a number of non-specialist producers and suppliers enter the market. The changes within the distribution stage of the supply chain are particularly pertinent in the context of the series of competition cases that have been decided upon by the Competition Tribunal since 1993. The weak exchange rate has driven up the price of imported ingredients and finished products. The sector seeks to … PHARMACEUTICAL INDUSTRY IN SOUTH AFRICA • Public and Private Procurement • Public sector: Tender (bidding) process – Maximise competition between bidders (especially between originator and generic products) – Translates into lower prices for the public sector • Private sector: Directly from manufacturers, or via wholesalers/distributors That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). 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. © 2021 GlobeNewswire, Inc. All Rights Reserved. Introduction2. 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. South Africa’s pharmaceutical market is the single largest on the African continent. "The Pharmaceutical Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. If this is successful, South Africa will have its first black-owned pharmaceutical company. Dublin, April 29, 2019 (GLOBE NEWSWIRE) -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering.. Industry Associations10. It includes information on the state and size of the sector and influencing factors including the response to coronavirus, regulation, research and development and competition. Each license type allows a set number of users to access the report. Although a greater variety of products is available in the private sector, the public health sector consumes the largest volume of pharmaceuticals. Research and policy advice on competition including monopolisation, cartels, mergers, liberalisation, intervention, competition enforcement and regulatory reform., Entry by generic pharmaceuticals can enhance competition, but innovation should be, at the same time, enhanced by allowing innovators to obtain intellectual property rights on their originator drug. ICT beats agriculture as one of the fastest growing industries in South Africa. Some public sector sanitiser suppliers have charged inflated prices and/or supplied substandard products.This report focuses on the manufacture of pharmaceuticals in South Africa and includes the wholesale and retail trade in pharmaceutical products. Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- "The Pharmaceutical Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. Download PDF Package. African Pharmaceutical Market Outlook. Competition7. Price agreements between government and suppliers have reduced the cost of pharmaceuticals used in public sector hospitals and primary care clinics. South Africa: Trade, Industry and Competition Presents Annual Performance Reports 2019/2020. 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. Key Topics Covered: 1. The grocery retail environment in South Africa is extremely competitive with many retailers focusing on a price war, competing for prime store locations, training staff, modernising their stores with wider aisles and offering dedicated product category alcoves for easy navigation, according to Euromonitor International. 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 product is a PDF. This paper starts with a brief review of recent developments in the pharmaceutical industry in South Africa. Description of the Industry2.1. There are profiles of 122 companies including international companies operating in South Africa such as Cipla, Sanofi and Novartis, major local manufacturers such as Aspen and Adcock Ingram and retailers including Clicks and Dis-Chem. Free PDF. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. IPASA members, available: The sector is highly regulated and the development, production, marketing and sale of pharmaceuticals are strictly controlled.As a supplier of essential products, the pharmaceutical industry has been able to withstand the economic downturn of the past decade better than many other industries. The pharmaceutical market in Africa is expanding, since Africans– accounting for 13 percent of the world’s population- have more disposable income and better ability to pay than before. The state of the pharmaceutical market in Africa. 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. Copyright © 2002-2021 Research and Markets. Industry Value Chain2.2. or. With the increasing adoption of Western lifestyle in Africa, there has been a paradigm shift in the burden of illness towar… highlight some of the cases that the Competition Commission of South Africa (CCSA) has dealt with in the pharmaceutical industry. 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. Economic Environment5.4. In June 2019 the manufacturing industry in South Africa sold goods to the value of R203.7 billion compared to South Africa's total imports of R 103 754 352 076. The pharmaceutical sector is … An emerging country with a dynamic market, South Africa is widely seen as the gateway to Africa. The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. 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. Boehringer Ingelheim, Norvartis, Eli Lilly, Merck, AstraZeneca, Pfizer). "The Pharmaceutical Industry in South Africa 2020", https://www.researchandmarkets.com/r/20kuzg. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. While almost 70% of the pharmaceutical products that are used are locally-produced, various active pharmaceutical ingredients and finished products are imported. State of the Industry5. Environmental Concerns5.7. PDF. SWOT Analysis8. 4. Abbott Laboratories South Africa (Pty) Ltd, Barrs Pharmaceuticals Industries (Pty) Ltd, Biologicals and Vaccines Institute of Southern Africa (Pty) Ltd (The), Forever Living Products South Africa (Pty) Ltd, Fresenius Kabi Manufacturing Sa (Pty) Ltd, Glenmark Pharmaceuticals South Africa (Pty) Ltd, Hersol Manufacturing Laboratories (Pty) Ltd, Iszipharm Pharmaceutical Distributors (Pty) Ltd, Kellogg Company of South Africa (Pty) Ltd, Reckitt Benckiser Pharmaceuticals (Pty) Ltd, South African Nuclear Energy Corporation Soc Ltd (The), Specialised Maintenance Products (Pty) Ltd, Topmed Health Care Distributors (Pty) Ltd. We aim to respond to all questions on the same business day. Download Free PDF. 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. Note: Product cover images may vary from those shown, South African Nuclear Energy Corporation SOC Ltd (The). PDF. Africa’s drug market is enticing. Please submit your order within that time frame to avail of this price as all prices are subject to change. Teva Pharmaceutical Industries became the first company to win a licence with their version of Amgen’s filgrastim, a white blood cell booster. A McKinsey report shows how the value of the industry jumped from $4.7 Billion in 2003 to $20.8 billion a decade after in 2013. This website uses cookies to ensure you get the best experience. We then flag This paper. This is a single user license, allowing one specific user access to the product. A new field opened up in the pharmaceutical industry when the South African Health Products Regulatory Authority (SAHPRA) gave the go-ahead for the production of a biosimilar drug in July 2018, the first time this has been allowed in South Africa. Thus the manufacturing to total imports ratio is currently sitting at (1.97). Technology, Research and Development (R&D) and Innovation5.6. Competition is important because it compels industry to provide higher quality goods and services at lower prices. 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. > The South African government and industry stakeholders continuously support the pharmaceutical and medical devices About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. The tropical climate of Africa makes the continent the largest reservoir of infectious diseases, particularly malaria, tuberculosis (TB), and acquired immune deficiency syndrome (AIDS), besides frequent outbreaks of polio, meningitis, cholera, pandemic influenza, yellow fever, measles, hepatitis, and tetanus. HVAC (Heating, Ventilation, & Air Conditioning), Tea Tree Oil Market Research Report by Application (Cosmetics, Health Care, and Personal Care), by End User (Cosmetic Companies, FMCG Companies, and Pharmaceutical Companies), by Distribution Channel - Global Forecast to 2025 - Cumulative Impact of COVID-19, Medication Adherence Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change, Pharmaceuticals Top 5 Emerging Markets Industry Guide 2015-2024, Global Manufacturing and Supply Partnering Terms and Agreements in Pharma, Biotech and Diagnostics 2014-2020. ReferencesAppendix, For more information about this report visit https://www.researchandmarkets.com/r/20kuzg. The Pharmaceutical Industry in South Africa: The pharmaceutical sector is dominated by multinational pharmaceutical companies. The South African Pharmaceutical industry . Abbott Laboratories South Africa (Pty) Ltd, Barrs Pharmaceuticals Industries (Pty) Ltd, Fresenius Kabi Manufacturing Sa (Pty) Ltd, Reckitt Benckiser Pharmaceuticals (Pty) Ltd. PDF. Geographic Position3. Outlook9. South African Pharmaceutical Industry Analysis 2020, with Profiles of 122 Companies Including Cipla, Sanofi and Novartis Published 23 Dec 2020 Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- "The Pharmaceutical Industry in South Africa 2020" report has been added to … Substandard Products6. HAVE A QUESTION? Although a greater variety of products is available in the private sector, the public health sector consumes the largest volume of pharmaceuticals. We request your telephone number so we can contact you in the event we have difficulty reaching you via email. The sector seeks to … All Rights Reserved. Size of the Industry4. Vaccines and ARVs for HIV infection account for more than 50% of total public health sector expenditure on pharmaceuticals. Also profiled are three companies that have been investigated by the Competition Commission in relation to the supply of various cancer medicines, Pfizer, Aspen and Roche and its US-based biotechnology company, … 5. Domestic manufacturing and R & D ) and Innovation5.6 environment in the private sector, the health. ( API ) government and suppliers have reduced the cost of competition in the pharmaceutical industry in south africa used in public sector hospitals and primary clinics. Reaching you via email various active pharmaceutical ingredients ( API ) license, allowing one specific user access to product... 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