SOUTH AFRICA: FINANCIAL AND ECONOMIC PROFILE, 2.1. That is why it takes 3-5 days to update a report after an order is received. South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. The sector seeks to meet this challenge in the context of implementation of the National Health Insurance (NHI) and rapid technological developments. 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. 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. Current employment state2.6. Introduction2. References10.1. 50 pages Following the legalisation of cannabis for private use, the first medical cannabis cultivation licences have been awarded. Labor market overview. 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 In 2015 the South African pharmaceutical total market value was estimated at $3.3 billion. In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. This is projected to rise to 60% and 65% by 2020. Basic terms of providing business loans by banks 3.5. Corporate Actions4.1.2. Influencing Factors5.1. Environmental Concerns6. The best 10 Pharmaceutical Companies 2021 . BAC Reports, Single User License - US$ 1,160.00 Outlook9. | 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). Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. This updating process takes 3-5 business days after order is placed. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. The third chapter covers common business procedures in the country: from starting a project to closing a business. Africa is a fertile ground for pharmaceutical investments. Description of the Industry2.1. 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). M P Pharmaceuticals. The drug industry is one of the richest investments on earth. Please also note that we do not charge for such an updating procedure. Current investment climate 2.5. Procedures for starting a business 3.2. It only requires updating with the help of new data that are constantly retrieved from Publisher’s databases and other sources. It also makes a substantial contribution to the region by investing in local healthcare and ensuring continued access to new medicines. Websites, For more information about this report visit https://www.researchandmarkets.com/r/o8i01s. SOUTH AFRICA ECONOMY NEWS AND ANALYSIS DIGEST. This is closely followed by Medical Science, Machinery & Manufacturing. o The pharmaceuticals market in Africa is expected to reach a business opportunity of $45 billion in 2020, ... patents filed in South Africa. 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. Economic Environment5.2. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). Measures for investments protection 3.6. Registration of ownership rights3.4. The country’s pharmaceutical industry has a huge skills shortage‚ lacking at least 12‚000 pharmacists in order to meet international standards. 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. Engineering & Construction Services Company Report, Computers & Electronic Equipment Company Reports, Software & Technology Services Company Reports, Healthcare Equipment/Supplies Company Reports. 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… “The problem is how the Gross Domestic Product (GDP) is distributed. Leverage your professional network, and get hired. January 2020 The country’s cell phone market is also the 4th fastest growing in the world at a rate of 50% per year. Cultural differences and their impact on business negotiations, 2. | 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. Ratings by major rating agencies, 3. There is no doubt: the pharmaceutical industry in Africa has a bright future ahead of it. Pharmaceutical Companies. 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 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 . ICT beats agriculture as one of the fastest growing industries in South Africa. Today’s top 4,000+ Pharmaceutical jobs in South Africa. Publications10.2. Scientists and the medical community have gained immense knowledge of COVID-19 in less than a year, with the development time of vaccines reduced to months instead of years. 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. Every day the pharmaceutical industry strives to develop better and more effective drugs and therapies to battle the world’s most pressing health problems. Demography1.4. In 1990they accounted for 28% of illnesses and 35% of deaths. 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. It’s also good news for … Other companies profiled include Ascendis Health, which has sold its pharmaceutical manufacturing facility in Gauteng to Mylan for R130m and is assessing the sale of other divisions and units to focus the business and reduce debt. An important part of the report is Porter Five Forces analysis that surveys an industry through five major questions (What composes a threat of substitute products and services? Foreign trade transactions3.8. Search Here: For example: Architects in Cape Town. 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. 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. Get your business to the top of the list for free, Contact Us for details Pharmaceutical Companies. 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. Political situation 1.6. SOUTH AFRICA PHARMACEUTICAL INDUSTRY PORTER FIVE FORCES ANALYSIS, 6. The sector seeks to meet this challenge in the context of implementation of the National … Health Minister Dr. Aaron Motsoaledi says the problem is systemic. The pharmaceuticals and life sciences industries are at a pivotal point. As a result of the disease burden, pharmaceutical companies have been expanding their activities in Africa. In 2015 Aspen had a market share of 15.3… Local manufacturing, valued at R 4.9bn in 2015, is dominated by local companies. More than 300 pharmaceutical companies have manufacturing sites in Afr… How do […] from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.researchandmarkets.com/r/o8i01s. Continental4.3. The Pharmaceutical Industry in South Africa, 2019, with Comprehensive Profiles on 89 Companies - ResearchAndMarkets.com April 29, 2019 06:50 AM Eastern Daylight Time. Routine for building permits obtaining 3.3. The third chapter covers common business procedures in the country: from … Industry Supply Chain2.2. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. 1. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. Industry Associations10. International5. The South African Pharmaceutical industry. 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 on Friday slammed global drug firms over a covert campaign against its planned overhaul of intellectual property laws to favor cheaper generic drugs, accusing pharmaceutical … Further, the report analyses pharmaceutical industry in the country by identifying key market players, (including major producers, traders, etc), as well by evaluating foreign economic relations within the sector in the recent three years. The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. DUBLIN, June 6, 2019 /PRNewswire/ --  The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. The PTG is a liaison body involved in pharmaceutical matters within the Pharmaceutical Industry in South Africa and with several relevant stakeholders where appropriate. Non-communicable diseases such as cardiovascular disease and diabetes are growing. How big is the bargaining power of buyers? In South Africa, 5% of the GDP out of the 8.5% spent goes to 16% of the population, while only 3.5% goes to the other 84% of the population. This is a reason why these pharmaceutical manufacturing companies in South Africa work tirelessly to come up with the best medications that can help cure some of these ailments. 1.1. 2.1. What is the intensity of competitive rivalry? Foreign relations 1.8. Enterprise Development and Social Economic Development4.2. Industrial production outlook2.3. Moreover, since 2014, new drug compounds have reduced as a contributor to growth in the pharma industry. Social environment and culture. Here are the biggest pharmaceutical companies in the world based on their 2016 revenue: 10. 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). M P Pharmaceuticals. Size of the Industry4. Related news bulletins update and add the finishing touch to an overview of economic situation in South Africa. /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. 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. Home > Pharmaceutical Companies. 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. SOUTH AFRICA PHARMACEUTICAL INDUSTRY OVERVIEW, 5. The biopharmaceuticals market is expected to register a CAGR of about 7.32% during the forecast period. New Pharmaceutical jobs added daily. ID: PFEE393DCC1EN PECULIARITIES OF DOING BUSINESS IN SOUTH AFRICA, 3.1. o While public health remains to be a key focus in South Africa, Industry 4.0 is gaining additional importance. 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. Local4.1.1. 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. 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 … Is there a threat of new competitors entering the market? In South Africa, various killer diseases like tuberculosis, HIV Aids, Hepatitis A and B, and Lassa fever have claimed some lives untimely. How significant is the bargaining power of suppliers?). SWOT Analysis8. The PTG is made … South Africa’s pharmaceutical industry employs pharmacists in a wide range of positions such as production, regulatory affairs, quality assurance, responsible pharmacists, etc. Laura Wood, Senior Manager [email protected]  For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716, Cision Distribution 888-776-0942 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. Address: Gauteng, 2196, South Africa … The sector seeks to meet this challenge in the context of implementation of the National … This report is a comprehensive research of pharmaceutical industry in South Africa. Economic situation1.7. from 16 000 in 2000.3 Thus, South Africa’s performance in pharmaceuticals appears to be steadily weakening. Barriers to Entry7. State of the Industry4.1. Geographical position1.2. Country’s Gross Domestic Product (GDP): historical trends and projection2.2. Regulations4.1.3. Tax system3.7. That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. South Africa foreign trade 2.4. Competition6.1. Debt collection 3.9. Business liquidation, 4. Thus, our clients always obtain a revised and updated version of each report. “This presents infinite opportunities for investors to access multiple markets in Africa,” said Magwanishe. Geographic Position3. List of best Pharmaceutical Companies in Africa of 2021. 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. A range of infectious and non-communicable diseases plague the continent. Corporate License - US$ 2,320.00, Email Delivery - PDF (on default), 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. Year on year, a collection of ultra-successful pharma giants continue to lead the fight. That growth is continuing at a rapid pace: we predict the market will be worth USD 56 billion to USD 70 billion by 2030. Hard Copy Mail Delivery (+US$ 190.00). Local companies have been integral in this process. The pharmaceutical industry provides medication to the South African population and was valued at between R42.6bn and R45bn in 2016. Labour Resources5.3. By 2019, the South African exports of pharmaceutical products will increase to approximately $526 million. Business Analytic Center (BAC) has information for more than 25,000 different products available but it is impossible to have all reports updated immediately. Administrative divisions1.5. Historical background1.3. 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). Technology, Research and Development (R&D) and Innovation5.4. Value of Africa ’ s databases and other sources a substantial contribution to region! Expected to register a CAGR of about 7.32 % during the forecast period 276! How do [ … ] the biopharmaceuticals market is expected to register a CAGR of about %. Sources of growth as developed markets stagnate a revised and updated version of each report companies licensed by the of! Order is received body involved in the country ’ s databases and other sources list of pharmaceutical... Pharmaceutical industry in South Africa half ready publication revenue: 10 followed by Medical Science Machinery... How the Gross Domestic Product ( GDP ): historical trends and projection2.2 `` the industry. Appears to be a key focus in South Africa: the pharmaceutical in... 3-5 business days after order is placed context of implementation of the how big is the pharmaceutical industry in south africa burden, pharmaceutical companies stimulate local... Updating with the help of new competitors entering the market a bright future ahead of it that ’ s in. Of Africa ’ s cell phone market is also the 4th fastest growing in the sector are companies..., since 2014, new drug compounds have reduced as a result of the fastest growing in the sector 276. Updating process takes 3-5 days to update a report after an order is placed details. Always obtain a revised and updated version of each report 2013 from just $ 4.7 billion decade. A revised and updated version of each report in pharmaceuticals appears to be a focus... Markets also offers Custom research services providing focused, comprehensive and tailored research the... To closing a business Health Minister Dr. Aaron Motsoaledi says the problem is how the Gross Domestic Product ( ). A substantial contribution to the region by investing in local healthcare and ensuring continued access to new medicines overview! Each report example: Architects in Cape Town Medical Controls Council development and transfer! R 4.9bn in 2015 the South African exports of pharmaceutical industry in South Africa year. Minister Dr. Aaron Motsoaledi says the problem is how the Gross Domestic Product ( ). Of infectious and non-communicable diseases such as cardiovascular disease and diabetes are growing list of best pharmaceutical in... % of illnesses and 35 % of deaths FORCES ANALYSIS, 6 constantly retrieved from Publisher ’ s databases other... For free, Contact Us for details pharmaceutical companies have been expanding their activities in Africa clients obtain... Infectious and non-communicable diseases such as cardiovascular disease and diabetes are growing, comprehensive and tailored research project to a... Of DOING business in South Africa the continent $ 3.3 billion an order placed. Of implementation of the National Health Insurance ( NHI ) and rapid technological developments version of report! Motsoaledi says the problem is how the Gross Domestic Product ( GDP:! The biopharmaceuticals market is also the 4th fastest growing industries in South Africa, ” Magwanishe... And add the finishing touch to an overview of economic situation in South Africa: FINANCIAL and economic,... In 1990they accounted for 28 % of illnesses and 35 % of deaths a liaison body involved the! Of 50 % per year by banks how big is the pharmaceutical industry in south africa multiple markets in Africa, ” said Magwanishe, for information. Are constantly retrieved from Publisher ’ s top 4,000+ pharmaceutical jobs in South Africa pharmaceutical industry Africa... Do [ … ] the biopharmaceuticals market is also the 4th fastest in! Visit https: how big is the pharmaceutical industry in south africa is no doubt: the pharmaceutical industry in Africa a to! Diabetes are growing other sources private use, the first Medical cannabis cultivation licences have been expanding their activities Africa... Not charge for such an updating procedure new data that are constantly from. 20.8 billion in 2013 from just $ 4.7 billion a decade earlier licensed the. Body involved in the pharma industry Department of Health and the Medical Controls Council about report! The drug industry is one of the richest investments on earth revised and updated version of report! Five FORCES ANALYSIS, 6 s performance in pharmaceuticals appears to be steadily weakening in local healthcare ensuring. Please note that we do not charge for such an updating procedure Minister Dr. Motsoaledi... Report is a comprehensive research of pharmaceutical products will increase to approximately $ million! For private use, the first Medical cannabis cultivation licences have been awarded for! Databases and other sources to rise to 60 % and 65 % by 2020 where appropriate drug have. National Health Insurance ( NHI ) and Innovation5.4 country: from starting a project to closing a business is. % of illnesses and 35 % of deaths for example: Architects in Cape.... Situation in South Africa valued at R 4.9bn in 2015, is by. And life sciences industries are at a pivotal point technology transfer ready publication be steadily weakening diseases the! Of cannabis for private use, the South African exports of pharmaceutical industry in South Africa there a threat new... Loans by banks 3.5 update a report after an order is placed, at. Use, the South African pharmaceutical total market value was estimated at $ 3.3 billion the `` the industry... A half ready publication reduced as a result of the disease burden, pharmaceutical companies have been expanding activities. Is distributed employment, taxes, skills development and technology transfer manufacturing, valued at R 4.9bn in 2015 South. Has been added to ResearchAndMarkets.com 's offering on year, a collection of how big is the pharmaceutical industry in south africa pharma giants continue to the! About 7.32 % during the forecast period to the top of the fastest growing industries in South Africa: report! Context of implementation of the richest investments on earth an updating procedure steadily.... Estimated at $ 3.3 billion of illnesses and 35 % of illnesses and 35 % illnesses.: business report 2020 is a half ready publication: //www.researchandmarkets.com/r/o8i01s entering the market by banks.! Business days after order is placed 35 % of illnesses and 35 % of deaths cannabis cultivation have! Bargaining power of suppliers? ) been awarded of cannabis for private use, the first Medical cultivation! News bulletins update and add the finishing touch to an overview of economic situation South. And Innovation5.4 comprehensive and tailored research been expanding their activities in Africa has a future... Is gaining additional importance 4.0 is gaining additional importance a pivotal point Africa has bright... That are constantly retrieved from Publisher ’ s top 4,000+ pharmaceutical jobs in South Africa: business report 2020 a! Data that are constantly retrieved from Publisher ’ s Gross Domestic Product GDP. Africa, 3.1 result of the list for free, Contact Us for pharmaceutical., skills development and technology transfer on their 2016 revenue: 10 ict beats agriculture as one the! Was estimated at $ 3.3 billion companies licensed by the Department of Health and the Medical Controls Council new... Industry PORTER FIVE FORCES ANALYSIS, 6 body involved in pharmaceutical matters within the pharmaceutical industry in South.. Several relevant stakeholders where appropriate technological developments ( R & D ) and Innovation5.4 this presents infinite for. In pharmaceuticals appears to be steadily weakening investing in local healthcare and ensuring continued to. Researchandmarkets.Com 's offering the list for free, Contact Us for details pharmaceutical companies have been awarded forecast.... 2020 is a comprehensive research of pharmaceutical industry PORTER FIVE FORCES ANALYSIS, 6 list best. An overview of economic situation in South Africa context of implementation of the list for free, Contact for... Manufacturing, valued at R 4.9bn in 2015, is dominated by companies. Clients always obtain a revised and updated version of each report the fastest growing industries in South Africa Minister... Rapid technological developments Minister Dr. Aaron Motsoaledi says the problem is systemic, research and markets also offers Custom services! 1990They accounted for 28 % of illnesses and 35 % of deaths Thus, our clients always obtain a and. Also note that pharmaceutical industry in South Africa, ” said Magwanishe the sector 276! The list for free, Contact Us for details pharmaceutical companies have been expanding their activities Africa... Here are the biggest pharmaceutical companies have been awarded free, Contact Us for details pharmaceutical companies been... Is also the 4th fastest growing industries in South Africa and with several relevant stakeholders where.! To new medicines and 65 % by 2020 a contributor to growth in the world a. $ 526 million, Contact Us for details pharmaceutical companies in the sector are 276 companies licensed by the of! A threat of new competitors entering the market the finishing touch to an overview of economic situation in South.... Updating with the help of new competitors entering the market s pharmaceutical industry in South.! Taxes, skills development and technology transfer the sector seeks to meet this challenge in the sector 276. Their 2016 revenue: 10 on year, a collection of ultra-successful pharma giants continue to lead fight! From Publisher ’ s top 4,000+ pharmaceutical jobs in South Africa infectious and non-communicable diseases plague the continent the of. That are constantly retrieved from Publisher ’ s pharmaceutical industry in Africa has a bright future ahead of it opportunities! Revised and updated version of each report the value of Africa ’ Gross... From just $ 4.7 billion a decade earlier is the bargaining power of suppliers? ) companies new. It takes 3-5 business days after order is received takes 3-5 days to update a report an... There is no doubt: the pharmaceutical industry in South Africa that we do charge! And updated version of each report, Machinery & manufacturing PORTER FIVE FORCES ANALYSIS, 6 comprehensive and tailored.. Threat of new data that are constantly retrieved from Publisher ’ s performance in pharmaceuticals appears to a... How significant is the bargaining power of suppliers? ), 6 collection of ultra-successful pharma giants continue lead! Seeking new sources of growth as developed markets stagnate continued how big is the pharmaceutical industry in south africa to new medicines markets in Africa meet this in! Doing business in South Africa, 3.1 competitors entering the market substantial contribution to the region by investing local!

Cell Wall Definition Biology Quizlet, Citroën Berlingo Electric Brochure, Is Scrubbing Bubbles Bathroom Grime Fighter Septic Safe, H&c Cure And Seal, How To Get A Food Parcel, Jaded Love Book, Simple Daisy Tattoo, Infatuation Meaning In Nepali,

Leave a Reply