Pharmaceutical Companies. There is no doubt: the pharmaceutical industry in Africa has a bright future ahead of it. It also makes a substantial contribution to the region by investing in local healthcare and ensuring continued access to new medicines. In 2015 the South African pharmaceutical total market value was estimated at $3.3 billion. 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. o While public health remains to be a key focus in South Africa, Industry 4.0 is gaining additional importance. 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. 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). Economic Environment5.2. 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. 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. 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. 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. 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. Routine for building permits obtaining 3.3. It only requires updating with the help of new data that are constantly retrieved from Publisher’s databases and other sources. A range of infectious and non-communicable diseases plague the continent. 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). That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). Non-communicable diseases such as cardiovascular disease and diabetes are growing. Home > Pharmaceutical Companies. The best 10 Pharmaceutical Companies 2021 . Social environment and culture. 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 sector seeks to meet this challenge in the context of implementation of the National … Here are the biggest pharmaceutical companies in the world based on their 2016 revenue: 10. Tax system3.7. How significant is the bargaining power of suppliers?). “This presents infinite opportunities for investors to access multiple markets in Africa,” said Magwanishe. 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. ID: PFEE393DCC1EN More than 300 pharmaceutical companies have manufacturing sites in Afr… Description of the Industry2.1. International5. Labor market overview. 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. Regulations4.1.3. Geographic Position3. DUBLIN, June 6, 2019 /PRNewswire/ --  The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. SOUTH AFRICA PHARMACEUTICAL INDUSTRY PORTER FIVE FORCES ANALYSIS, 6. SWOT Analysis8. In 2015 Aspen had a market share of 15.3… “The problem is how the Gross Domestic Product (GDP) is distributed. Competition6.1. Technology, Research and Development (R&D) and Innovation5.4. SOUTH AFRICA ECONOMY NEWS AND ANALYSIS DIGEST. The South African Pharmaceutical industry. Introduction2. How big is the bargaining power of buyers? In South Africa, various killer diseases like tuberculosis, HIV Aids, Hepatitis A and B, and Lassa fever have claimed some lives untimely. References10.1. SOUTH AFRICA PHARMACEUTICAL INDUSTRY OVERVIEW, 5. Business Analytic Center (BAC) has information for more than 25,000 different products available but it is impossible to have all reports updated immediately. The country’s cell phone market is also the 4th fastest growing in the world at a rate of 50% per year. Historical background1.3. 50 pages 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 … South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. Africa is a fertile ground for pharmaceutical investments. Basic terms of providing business loans by banks 3.5. 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. Address: Gauteng, 2196, South Africa … Publications10.2. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. Is there a threat of new competitors entering the market? Industry Associations10. Registration of ownership rights3.4. Current employment state2.6. Country’s Gross Domestic Product (GDP): historical trends and projection2.2. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. That is why it takes 3-5 days to update a report after an order is received. 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. /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. M P Pharmaceuticals. BAC Reports, Single User License - US$ 1,160.00 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Labour Resources5.3. Debt collection 3.9. Business liquidation, 4. Ratings by major rating agencies, 3. Today’s top 4,000+ Pharmaceutical jobs in South Africa. South Africa foreign trade 2.4. *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. 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… Cultural differences and their impact on business negotiations, 2. 1.1. Geographical position1.2. State of the Industry4.1. The PTG is a liaison body involved in pharmaceutical matters within the Pharmaceutical Industry in South Africa and with several relevant stakeholders where appropriate. from 16 000 in 2000.3 Thus, South Africa’s performance in pharmaceuticals appears to be steadily weakening. 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. 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? Leverage your professional network, and get hired. Economic situation1.7. Industrial production outlook2.3. The third chapter covers common business procedures in the country: from … Please also note that we do not charge for such an updating procedure. Search Here: For example: Architects in Cape Town. As a result of the disease burden, pharmaceutical companies have been expanding their activities in Africa. The third chapter covers common business procedures in the country: from starting a project to closing a business. Hard Copy Mail Delivery (+US$ 190.00). The sector seeks to meet this challenge in the context of implementation of the National … Political situation 1.6. 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 biopharmaceuticals market is expected to register a CAGR of about 7.32% during the forecast period. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. Thus, our clients always obtain a revised and updated version of each report. o The pharmaceuticals market in Africa is expected to reach a business opportunity of $45 billion in 2020, ... patents filed in South Africa. The country’s pharmaceutical industry has a huge skills shortage‚ lacking at least 12‚000 pharmacists in order to meet international standards. Foreign relations 1.8. | The sector seeks to meet this challenge in the context of implementation of the National Health Insurance (NHI) and rapid technological developments. 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%). Engineering & Construction Services Company Report, Computers & Electronic Equipment Company Reports, Software & Technology Services Company Reports, Healthcare Equipment/Supplies Company Reports. 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 M P Pharmaceuticals. 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. Measures for investments protection 3.6. Procedures for starting a business 3.2. January 2020 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 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. Foreign trade transactions3.8. The Pharmaceutical Industry and its Competitive Dynamics: South Africa BRICS Working Group: Roundtable Discussion 12 March 2015 Moscow, Russia 1 . 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. The pharmaceuticals and life sciences industries are at a pivotal point. Local manufacturing, valued at R 4.9bn in 2015, is dominated by local companies. By 2019, the South African exports of pharmaceutical products will increase to approximately $526 million. Local companies have been integral in this process. 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 Related news bulletins update and add the finishing touch to an overview of economic situation in South Africa. Administrative divisions1.5. This report is a comprehensive research of pharmaceutical industry in South Africa. The PTG is made … Influencing Factors5.1. This is projected to rise to 60% and 65% by 2020. Following the legalisation of cannabis for private use, the first medical cannabis cultivation licences have been awarded. Current investment climate 2.5. New Pharmaceutical jobs added daily. What is the intensity of competitive rivalry? The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. In South Africa, 5% of the GDP out of the 8.5% spent goes to 16% of the population, while only 3.5% goes to the other 84% of the population. Corporate License - US$ 2,320.00, Email Delivery - PDF (on default), Demography1.4. 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. Size of the Industry4. Websites, For more information about this report visit https://www.researchandmarkets.com/r/o8i01s. Barriers to Entry7. 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. 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. Continental4.3. Environmental Concerns6. Industry Supply Chain2.2. The pharmaceutical industry provides medication to the South African population and was valued at between R42.6bn and R45bn in 2016. 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. How do […] The drug industry is one of the richest investments on earth. 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). 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