how big is the pharmaceutical industry in south africa

DUBLIN, June 6, 2019 /PRNewswire/ --  The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. 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). 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. 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 … 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. How significant is the bargaining power of suppliers?). Geographical position1.2. New Pharmaceutical jobs added daily. Engineering & Construction Services Company Report, Computers & Electronic Equipment Company Reports, Software & Technology Services Company Reports, Healthcare Equipment/Supplies Company Reports. Economic Environment5.2. 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. Registration of ownership rights3.4. Size of the Industry4. Every day the pharmaceutical industry strives to develop better and more effective drugs and therapies to battle the world’s most pressing health problems. A range of infectious and non-communicable diseases plague the continent. 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. | SOUTH AFRICA PHARMACEUTICAL INDUSTRY OVERVIEW, 5. The PTG is a liaison body involved in pharmaceutical matters within the Pharmaceutical Industry in South Africa and with several relevant stakeholders where appropriate. Industry Supply Chain2.2. Current employment state2.6. 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. Regulations4.1.3. It also makes a substantial contribution to the region by investing in local healthcare and ensuring continued access to new medicines. 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. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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%). In South Africa, various killer diseases like tuberculosis, HIV Aids, Hepatitis A and B, and Lassa fever have claimed some lives untimely. That growth is continuing at a rapid pace: we predict the market will be worth USD 56 billion to USD 70 billion by 2030. The sector seeks to meet this challenge in the context of implementation of the National … The pharmaceuticals and life sciences industries are at a pivotal point. In 1990they accounted for 28% of illnesses and 35% of deaths. Procedures for starting a business 3.2. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. This is projected to rise to 60% and 65% by 2020. The third chapter covers common business procedures in the country: from … Outlook9. Geographic Position3. The third chapter covers common business procedures in the country: from starting a project to closing a business. Industrial production outlook2.3. 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. Today’s top 4,000+ Pharmaceutical jobs in South Africa. 50 pages M P Pharmaceuticals. Related news bulletins update and add the finishing touch to an overview of economic situation in South Africa. Industry Associations10. Tax system3.7. Foreign relations 1.8. 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. PECULIARITIES OF DOING BUSINESS IN SOUTH AFRICA, 3.1. Cultural differences and their impact on business negotiations, 2. SOUTH AFRICA: FINANCIAL AND ECONOMIC PROFILE, 2.1. 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. The Pharmaceutical Industry in South Africa, 2019, with Comprehensive Profiles on 89 Companies - ResearchAndMarkets.com April 29, 2019 06:50 AM Eastern Daylight Time. 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). ID: PFEE393DCC1EN Thus, our clients always obtain a revised and updated version of each report. In 2015 Aspen had a market share of 15.3… Moreover, since 2014, new drug compounds have reduced as a contributor to growth in the pharma industry. 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. 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. More than 300 pharmaceutical companies have manufacturing sites in Afr… List of best Pharmaceutical Companies in Africa of 2021. Demography1.4. Social environment and culture. The best 10 Pharmaceutical Companies 2021 . BAC Reports, Single User License - US$ 1,160.00 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. The Pharmaceutical Industry and its Competitive Dynamics: South Africa BRICS Working Group: Roundtable Discussion 12 March 2015 Moscow, Russia 1 . 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 The pharmaceutical industry provides medication to the South African population and was valued at between R42.6bn and R45bn in 2016. o While public health remains to be a key focus in South Africa, Industry 4.0 is gaining additional importance. Historical background1.3. SOUTH AFRICA PHARMACEUTICAL INDUSTRY PORTER FIVE FORCES ANALYSIS, 6. Is there a threat of new competitors entering the market? South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. The drug industry is one of the richest investments on earth. Description of the Industry2.1. Pharmaceutical Companies. The country’s pharmaceutical industry has a huge skills shortage‚ lacking at least 12‚000 pharmacists in order to meet international standards. Introduction2. South Africa foreign trade 2.4. Please also note that we do not charge for such an updating procedure. M P Pharmaceuticals. The PTG is made … 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. Local manufacturing, valued at R 4.9bn in 2015, is dominated by local companies. /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. As a result of the disease burden, pharmaceutical companies have been expanding their activities in Africa. 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. 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 References10.1. How big is the bargaining power of buyers? Corporate Actions4.1.2. How do […] Labour Resources5.3. Foreign trade transactions3.8. Non-communicable diseases such as cardiovascular disease and diabetes are growing. Following the legalisation of cannabis for private use, the first medical cannabis cultivation licences have been awarded. The sector seeks to meet this challenge in the context of implementation of the National … Routine for building permits obtaining 3.3. “The problem is how the Gross Domestic Product (GDP) is distributed. Local companies have been integral in this process. 1.1. 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. 1. Leverage your professional network, and get hired. South Africa’s pharmaceutical industry employs pharmacists in a wide range of positions such as production, regulatory affairs, quality assurance, responsible pharmacists, etc. Technology, Research and Development (R&D) and Innovation5.4. 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. o The pharmaceuticals market in Africa is expected to reach a business opportunity of $45 billion in 2020, ... patents filed in South Africa. In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. SWOT Analysis8. Home > Pharmaceutical Companies. “This presents infinite opportunities for investors to access multiple markets in Africa,” said Magwanishe. Year on year, a collection of ultra-successful pharma giants continue to lead the fight. 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 biopharmaceuticals market is expected to register a CAGR of about 7.32% during the forecast period. That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. 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? Enterprise Development and Social Economic Development4.2. Current investment climate 2.5. Barriers to Entry7. This updating process takes 3-5 business days after order is placed. Basic terms of providing business loans by banks 3.5. Local4.1.1. The sector seeks to meet this challenge in the context of implementation of the National Health Insurance (NHI) and rapid technological developments. Business Analytic Center (BAC) has information for more than 25,000 different products available but it is impossible to have all reports updated immediately. Health Minister Dr. Aaron Motsoaledi says the problem is systemic. The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. The industry faces the challenge of expanding access to and affordability of drugs, on the one hand and growing South Africa's drug manufacturing capacity on the other. With the number of diseases that are difficult to cure, crave for anti-aging, passion for cosmetic surgery and lots more, there is no country in the world that doesn’t have a strong pharmaceutical industry. from 16 000 in 2000.3 Thus, South Africa’s performance in pharmaceuticals appears to be steadily weakening. Competition6.1. State of the Industry4.1. Publications10.2. South Africa on Friday slammed global drug firms over a covert campaign against its planned overhaul of intellectual property laws to favor cheaper generic drugs, accusing pharmaceutical … Hard Copy Mail Delivery (+US$ 190.00). Africa is a fertile ground for pharmaceutical investments. Measures for investments protection 3.6. 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. 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. Websites, For more information about this report visit https://www.researchandmarkets.com/r/o8i01s. There is no doubt: the pharmaceutical industry in Africa has a bright future ahead of it. By 2019, the South African exports of pharmaceutical products will increase to approximately $526 million. Here are the biggest pharmaceutical companies in the world based on their 2016 revenue: 10. Country’s Gross Domestic Product (GDP): historical trends and projection2.2. Ratings by major rating agencies, 3. 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). 2.1. In 2015 the South African pharmaceutical total market value was estimated at $3.3 billion. The industry faces the challenge of expanding access to and affordability of drugs, on the one hand and growing South Africa’s drug manufacturing capacity on the other. ICT beats agriculture as one of the fastest growing industries in South Africa. This report is a comprehensive research of pharmaceutical industry in South Africa. International5. Political situation 1.6. This is closely followed by Medical Science, Machinery & Manufacturing. Labor market overview. Address: Gauteng, 2196, South Africa … Many investment opportunities lie in developing access control systems/security equipment, systems, and software development in the banking and financial services sector, exporting hardware, silicon processing for fiber optics, integrated circuits, and so… Continental4.3. SOUTH AFRICA ECONOMY NEWS AND ANALYSIS DIGEST. This report is a comprehensive research of pharmaceutical industry in South Africa. The South African Pharmaceutical industry. Influencing Factors5.1. Administrative divisions1.5. It only requires updating with the help of new data that are constantly retrieved from Publisher’s databases and other sources. Africa is the only pharmaceutical market where genuinely high growth is still achievable, value of Africa’s pharmaceutical industry jumped to USD 28.56 billion in 2017 from just USD 5.5 billion a decade earlier. *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. | The highest growing pharmaceutical company in South Africa (by a long shot) is Mylan: a multinational firm that specializes in generics in South Africa (good move). Corporate License - US$ 2,320.00, Email Delivery - PDF (on default), January 2020 It’s also good news for … Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. Economic situation1.7. 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. What is the intensity of competitive rivalry? Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. The country’s cell phone market is also the 4th fastest growing in the world at a rate of 50% per year. Environmental Concerns6. Debt collection 3.9. Business liquidation, 4. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). Search Here: For example: Architects in Cape Town. That is why it takes 3-5 days to update a report after an order is received. The sector are 276 companies licensed by the Department of Health and the Controls! Public Health remains to be steadily weakening local manufacturing, valued at R 4.9bn in 2015 the South exports... Of 2021 for investors to access multiple markets in Africa of 2021: historical trends and projection2.2 range of and. 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