Commercial activity, like the addition of Uber and AirBnB, shows South Africa is open to outside business developments. The market share was 8.9%. Weak economic growth means that the public 4.3.2 Lack of Awareness in Rural Areas. Trade statistics show the industry moved R795bn worth of exported goods and R792bn of imported goods from January to August 2018, representing year-on-year increases of … Across the world and in South Africa, the emergence of patient associations, pressure groups and advocacy groups; and patient empowerment through social media and digital channels, is giving the patient a voice and moving the patient to the centre of the treatment ecosystem. Another development set to impact health and the pharmaceutical sector in South Africa over the next year is the move towards a National Health Insurance (NHI) scheme. Local producers also play in a limited range of the value chain. The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. Proin gravida dolor sit amet, Prostate cancer webinar: replay available, SA to breathe easier with landmark Obel RespiClear decongestant range, Anusol flushable wipes hit the market in SA, SA’s first hormone-free cream for vaginal dryness available without prescription, New webinar examines role of GP in prostate cancer screening, Neuropathic vs arthritic pain examined in upcoming webinar, Dis-Chem extends e-learning to clinic staff. Competition Commission in relation to the supply of various cancer Drugs for Neglected Diseases initiative - Pharmaceutical… $ 250 November 2018 Vitamin and Provitamin Market in Kenya to 2022 $ 559 March 2018 Vaccine Market in Kenya to 2022 $ 559 March 2018 and India. 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% and 5.6% in local currency and US dollar terms respectively. The South African pharmaceutical manufacturing industry in the late 19 90s was well developed and, while operating within a relati vely protected environ ment, it had become the This includes a regulatory and tax review, a demographic analysis (including burden of disease), a review of the funder environment, competitor analysis and possible business partners. Testing and diagnostic devices for monitoring chronic conditions such as chronic obstructive pulmonary disease and diabetes, that can be plugged into any smart phone to measure lung function or glucose levels respectively, and then transmit data directly to the treating physician are also available. For more information about this report visit https://www.researchandmarkets.com/research/43jfhg/south_african?w=4, ResearchAndMarkets.comLaura Wood, Senior Managerpress@researchandmarkets.comFor The South African Pharmaceutical industry . An aging population with growing obesity numbers will always need some kind of medication, and the tough regulatory framework ensures the market isn’t disturbed too soon. Location is good, but the weakened economy holds businesses within South Africa at a standstill. 4.4.1 Threat of New Entrants. position for overall market share, for Pharmaceuticals only and for In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. south africa economy news and analysis digest *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. 2,3,* 1. The South African pharmaceutical environment is highly regulated. In the meantime, the South African pharma sector is committed to the country’s continued participation in clinical trials, ensuring that data from our diverse population contributes to the development of new treatments. By doing so you declare yourself a legal medical practitioner registered within South Africa. As of June 2018, the GDP stands at around 371 billion USD. alternative healing methods. Examples of such developments are smartphone platforms that have been developed by pharma in collaboration with global leaders in Artificial Intelligence (AI), that are used by community health workers to monitor the general health of whole families, with a referral function to local clinics only when built-in algorithms indicate increased risk. South African cosmetic and personal care products market is expected to reach USD 6.16 billion during 2020-2025 at a CAGR of 9.9%. 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. Trends: High hopes for SA pharmaceutical progress in 2018. South African Pharmaceutical Industry Analysis 2020, with Profiles of 122 Companies Including Cipla, Sanofi and Novartis Email Print Friendly Share December 23, … Research methods are evolving and we have many promising prospects on … Entering into new markets across Africa can be daunting. medication to the South African population and was valued at between The "Manufacture of Glass and Glass Products in South Africa 2018" report has been added to ResearchAndMarkets.com's offering.. Fact 1: South Africans spent R31 900 per second in retail stores in 2017. South Africa's pharmaceutical market will see substantial growth over the long term as the country continues to improve access to healthcare and medicines through the implementation of the National Health Insurance scheme. The pharmaceutical industry is one of the most competitive industries in the world. 1,* and . The "The Printing Industry in South Africa 2018" report has been added to ResearchAndMarkets.com's offering.. The South African cosmetics industry recorded good growth in 2018, buoyed by the increased focus on grooming and growing presence of regional brands. Johannesburg, South Africa. This report focuses on developments in the South African manufacturing 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 country spent 9% of its GDP on healthcare in 2017, which is 4% higher than the WHO’s recommended spending for a country of its socioeconomic status. 2018: The pharmaceutical industry in figures. 1-800-526-8630For GMT Office Hours Call +353-1-416-8900Related 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. It only requires updating with the help of new data that are constantly retrieved from Publisher’s databases and other sources. This trillion dollar industry is facing various uncertainties globally. It is known that the adherence rate for many diseases is only in the range of 50-60% (i.e. North America, South America, Europe and Japan account for 85% the global pharmaceuticals market and this trend is … The Pharmaceutical Industry in 2018. Such a therapy received a breakthrough therapy designation by the US authorities this year. There is no room for making errors. This is especially critical in life-prolonging treatments where delayed approvals have a direct negative impact on patients’ survival as they cannot benefit from these new drugs while waiting for these treatment options to be approved and become available in South Africa. 4.3 Market Restraints. Access the latest politics analysis and economic growth summary through 2011 for South Africa from The Economist Intelligence Unit companies. The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017. THE SOUTH AFRICAN PHARMACY COUNCIL COMPETENCY STANDARDS FOR PHARMACISTS IN SOUTH AFRICA The South African Pharmacy Council hereby publishes for implementation the 2018 Competency Standards for Pharmacists in terms of Section 33(o) of the Pharmacy Act , 53 of 1974. Topics: Pharmaceuticals, "The manufacturer Ketlaphela has yet to begin production of APIs. The pharmaceutical sector, in particular innovator companies, has a very proactive approach to the changes and is seeking to partner early on with the relevant stakeholders to ensure patient access to the best treatments in a changing healthcare space. DUBLIN--(BUSINESS WIRE)--The "The black-owned pharmaceutical company. locally-based pharmaceutical manufacturers currently import from China Access the latest politics analysis and economic growth summary through 2011 for South Africa from The Economist Intelligence Unit company, Genentech. These patient groups share learnings and experiences with the disease, and give a feeling of community; and also help the patients’ families and social environment to take an active role. Local manufacturing, valued at R 4.9bn in 2015, is dominated by local At the G20, it was found South Africa is low-risk for investors looking to breakthrough. South Africa South Africa’s pharmaceutical market = $3.9 billion in 2013 Growth rate = 6 percent annually in 2014-2018 South Africa’s pharmaceutical market, the largest in Sub-Saharan Africa, is fairly well-developed and totaled an estimated $3.9 billion in 2013. This would enable reduced review times and bring the benefits of these revolutionary drugs to South African patients faster. and retail sectors during 2016 and 2017. Thanks to advances in science and technology, the research-based pharmaceutical industry is entering an exciting new era in medicines development. South Africa is the 34 th largest economy in the world in terms of nominal GDP (Statistics times, 2018). Also profiled are three companies that have been investigated by the However, there is hope that the situation will change in 2018, bringing advanced new drugs to South Africans, far faster. Another reason is the recent trend of mergers and acquisitions where large industries have absorbed the smaller players. An Analysis of FDA Drug Approvals from the Perspective of Molecules . Sub-Saharan Africa is expected to lead the trajectory at a rate of 7.5% CAGR.3 The South African pharmaceutical market was valued at $3.2 billion in 2017, making it the biggest in Africa (ahead of Nigeria, Egypt, and Kenya). Thank you kindly for your participation in the economy. During the past few years, we have seen the hype of the 90s around new drug technologies becoming a reality. The next element to address in the PESTEL analysis of South Africa is the country’s economic environment. Technological advancemen… manufacture drugs and the emergence of the use of cannabis and other Online retail in South Africa will represent 1.4% of total retail sales in 2018, surpassing the R14-billion mark for the first time, according to new research.. E-commerce in South Africa is starting to go mainstream, according to the findings of World Wide Worx’s Online Retail in South Africa 2019 study, released on Wednesday. This significant growth will raise the market to USD 1.27 bn by 2018. It also has implications for the filling of an medicines, Pfizer, Aspen and Roche and its US-based biotechnology Automation and big data analytics are supporting traditional laboratory work; predictive modelling is enhancing the ability to predict outcomes and tailor treatment; and artificial intelligence, Internet of Things (IoT) technologies and mobile devices are enabling more effective patient monitoring and outcomes assessments. The Pharmaceutical Industry: a key asset to scientific and medical progress. Industry Insights: South Africa Healthcare Market Overview. In 2015 Aspen had a market share of 15.3% and Adcock Ingram's The South African government should focus on improving its buy "proudly South African" goods and … patients only take half of the pills they are supposed to take according to prescription, leading to suboptimal health outcomes). Involved in the sector are 276 companies As such it will continue to attract multinational drugmakers looking to develop a foothold in the wider region. South African Pharmaceutical Industry Analysis 2020, with Profiles of 122 Companies Including Cipla, Sanofi and Novartis Email Print Friendly Share December 23, … • The Tea and Coffee Industry in South Africa 2018-03-27; Manufacture of Edible Nuts in South Africa: South Africa: 04 September 2020: R 10 080.00 (ZAR) estimated $ 669.51 (USD) * Buy Now : Manufacture of Spices: South Africa: 08 March 2018: R 2 040.00 (ZAR) estimated $ 135.50 (USD) * Buy Now: Historical Reports • Manufacture of Spices 2015-11-23; The Beverages Industry in Ghana: … August 2020; 102 pages; World; Europe; Healthcare; Pharmaceutical; Industry analysis; Medical Technology Density; Health Expenditure; View report > Global Infection Control Market Trends. The global pharmaceutical industry is expected to have grown to more than 1.12 trillion dollars by the year 2012. South African Pharmaceutical Industry Analysis 2020, with Profiles of 122 Companies Including Cipla, Sanofi and Novartis . This paper investigates the preparedness of South Africa for Industry 4.0 implementation. South African Healthcare Industry Trends and Analysis Compared to the wealthiest 20% of nations in the world today, the care provided by the South African healthcare industry is still struggling. Such late approvals obviously delay access to new, innovative drugs for South African doctors and patients. State-owned pharmaceutical KRISP, School of Laboratory of Medicine and Medical Science, College of Health Sciences, University of KwaZulu-Natal, Durban 4001, South Africa. A PESTEL/PESTLE Analysis of Pharmaceutical Industry . Image: Wead/Shutterstock.com The profit margins are high, there are a large number of small and large sized player, and strict government regulations make it a very competitive industry. However, it should be noted that such initiatives are most effective and sustainable when thoroughly planned and resourced with strong partnerships in place. The Manufacture of … SCHEDULE 1. This industry which used to make up around 20% of South Africa's total economy in 1994, now makes up under 14% of South Africa's economy as South African firms and firms operating in South Africa import more and more final manufactured goods, leading to less demand for locally produced goods. (Image: Flickr) Brand South Africa Reporter, incorporating material from the South African Yearbook. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). by Beatriz G. de la Torre. Fernando Albericio. Lorem ipsum dolor sit amet, consectetur adipiscing elit. DUBLIN, Jan. 29, 2019 /PRNewswire/ --. Stats SA takes a look at five facts that you might not have known about the retail trade industry. The latest survey on Global Pharmaceutical Logistics Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- "The Pharmaceutical Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. South Africa Pharmaceutical Industry Report 2019 News provided by. Market data on South Africa. However, thousands of other drugs still await approval by South Africa’s medicines regulators – a process that has traditionally delayed the arrival of new drugs in South Africa by around five years compared to the rest of the world. Active Pharmaceutical Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026 The pharmaceutical market in South Africa was valued at approximately 45 billion Rand (US$3.2 billion) in 2015. licensed by the Department of Health and the Medical Controls Council. Total pharmaceutical expenditure was equivalent to 0.9% of GDP and 11.1% of total healthcare expenditure in 2017. 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