competition in the pharmaceutical industry in south africa

PDF. 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. African Pharmaceutical Market Outlook. South Africa’s pharmaceutical market is the single largest on the African continent. Competition7. Dublin, April 29, 2019 (GLOBE NEWSWIRE) -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to's offering.. The sector seeks to … Government Interventions5.3. Geographic Position3. Download with Google Download with Facebook. Speak to our Custom Research Team, The Pharmaceutical Industry in South Africa 2020. 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. Thus the manufacturing to total imports ratio is currently sitting at (1.97). Labour Resources5.5. We aim to respond to all questions on the same business day. Although a greater variety of products is available in the private sector, the public health sector consumes the largest volume of pharmaceuticals. 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. Dr Kayode Ayankoya. ... research and development and competition. The pharmaceutical sector is … Sign up today for your free Reader Account! Download Free PDF. 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 price quoted above is only valid for 30 days. 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. 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. 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. Please submit your order within that time frame to avail of this price as all prices are subject to change. Despite the challenges facing Africa’s pharmaceutical industry, the continent is actually on track to become the fastest growing pharmaceutical market in the world. highlight some of the cases that the Competition Commission of South Africa (CCSA) has dealt with in the pharmaceutical industry. 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, … 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. 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. PDF. Economic Environment5.4. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Erik Roos, chief executive of one of the fastest growing pharma companies in South Africa, Pharma Dynamics, says globally the business of pharmaceutics is … SWOT Analysis8. 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. Premium PDF Package. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. This website uses cookies to ensure you get the best experience. Influencing Factors5.1. "The Pharmaceutical Industry in South Africa 2020", Outlook9. The state of the pharmaceutical market in Africa. The Pharmaceutical Industry in South Africa: The pharmaceutical sector is dominated by multinational pharmaceutical companies. Boehringer Ingelheim, Norvartis, Eli Lilly, Merck, AstraZeneca, Pfizer). 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. 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 Substandard Products6. The pharmaceutical sector is dominated by multinational pharmaceutical companies. Competition in South African Banking … and the South African …, 2004. ICT beats agriculture as one of the fastest growing industries in South Africa. If this is successful, South Africa will have its first black-owned pharmaceutical company. Price agreements between government and suppliers have reduced the cost of pharmaceuticals used in public sector hospitals and primary care clinics. Copyright © 2002-2021 Research and Markets. While almost 70% of the pharmaceutical products that are used are locally-produced, various active pharmaceutical ingredients and finished products are imported. 8 October 2020. South Africa was ranked 46 globally for exporting pharmaceutical products, and 42 for imports. So basically for every R1 … "The Pharmaceutical Industry in South Africa 2020" report has been added to's offering. Still haven't found what you're looking for? Environmental Concerns5.7. PDF. Size of the Industry4. State of the Industry5. 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. 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 … Download Full PDF Package. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. No local manufacturer of antiretroviral (ARV) active pharmaceutical ingredients (API). In the pharmaceutical industry, competition can motivate brand companies to create new and improved medicines and encourage generic companies to offer less expensive alternatives. 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. This is a single user license, allowing one specific user access to the product. Market Structure Approximately 8 local manufacturers Produce mainly generics. Approximately 25 foreign pharmaceutical companies selling medicine into South Africa market (e.g. Each license type allows a set number of users to access the report. Competition is important because it compels industry to provide higher quality goods and services at lower prices. 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… Create a free account to download. 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. 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.

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