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