south african pharmaceutical industry analysis 2018

4.4 Industry Attractiveness – Porter’s Five Forces Analysis. The Fourth Industrial Revolution (Industry 4.0) is imminent in the South African economy. That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. Opinion piece by Dr. Thomas Kowallik, CPO Head and Country President Novartis South Africa & Head of Novartis Southern African Countries. initially planned. Local manufacturing, valued at R 4.9bn in 2015, is dominated by local August 2020; 102 pages; World; Europe; Healthcare; Pharmaceutical; Industry analysis; Medical Technology Density; Health Expenditure; View report > Global Infection Control Market Trends. The report profiles 88 companies including newcomer Inicio, which Johannesburg, South Africa. In South Africa, which has traditionally lagged behind the rest of the world, requiring five to seven years in the licensing of new drugs compared to 18 months to two years in most western countries, there is cause for optimism on progress in 2018. South Africa is the 34 th largest economy in the world in terms of nominal GDP (Statistics times, 2018). Access the latest politics analysis and economic growth summary through 2011 for South Africa from The Economist Intelligence Unit patients only take half of the pills they are supposed to take according to prescription, leading to suboptimal health outcomes). Thank you kindly for your participation in the economy. South Africa; Pharmaceutical; Industry analysis; Health Expenditure; Spending On Medicines; View report > Global Pharmaceutical and Healthcare Policies. For more information about this report visit https://www.researchandmarkets.com/research/43jfhg/south_african?w=4, ResearchAndMarkets.comLaura Wood, Senior Managerpress@researchandmarkets.comFor 4.2.4 Inclination of Pharmaceutical Companies Toward OTC Drugs from RX Drugs. and retail sectors during 2016 and 2017. As of June 2018, the GDP stands at around 371 billion USD. 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. Another drug under registration is a biological and offers improved psoriasis treatment outcomes with very high skin clearance as well as treating psoriatic arthritis and ankylosing spondylitis. 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. 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. South Africa currently runs a two-tiered healthcare system, comprising of the public and the smaller, rapidly -growing private sector. Fernando Albericio. E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 4.3.1 Probability of Substance Abuse. As such it will continue to attract multinational drugmakers looking to develop a foothold in the wider region. An Analysis of FDA Drug Approvals from the Perspective of Molecules . South African companies hold the number one Commercial activity, like the addition of Uber and AirBnB, shows South Africa is open to outside business developments. 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. A PESTEL/PESTLE Analysis of Pharmaceutical Industry . Share this article. Access the latest politics analysis and economic growth summary through 2011 for South Africa from The Economist Intelligence Unit If comparing the 2012-2017 timeframe to the years from 2007-2011, the average annual number of new drug approvals in the USA has increased by 46%, showcasing the acceleration in innovation. recently secured a licensing agreement with German firm Fluxpharm. Economic environment in South Africa. Key will be the coverage the NHI package will offer, what infrastructure and healthcare staff will be available, and ensuring the health insurance will be based on solid and sustainable financing for many years. … A new field opened up in the pharmaceutical industry when the South African Health Products Regulatory Authority (SAHPRA) gave the go-ahead for the production of a biosimilar drug in July 2018, the first time this has been allowed in South Africa. The patient also plays a key role in the success of treatment and managing his or her disease. Involved in the sector are 276 companies There is no doubt that South Africa’s healthcare industry is one of the most dynamic sectors in the world. A significant proportion of new drug approvals have moved from chemical to biological drugs – biotherapeutics – in which drugs are manufactured using a living system such as a microorganism or plant or animal cells. South African Pharmaceutical Industry Analysis 2020, with Profiles of 122 Companies Including Cipla, Sanofi and Novartis Email Print Friendly Share December 23, … North America, South America, Europe and Japan account for 85% the global pharmaceuticals market and this trend is … 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. South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. (PDF) Emerging Pharmaceutical Market in South Africa ... ... simple During the past few years, we have seen the hype of the 90s around new drug technologies becoming a reality. This trillion dollar industry is facing various uncertainties globally. The The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. South Africa Pharmaceutical Industry Report 2019 News provided by. 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. We have entered a phase of pharmaceutical revolution where we are seeing a wealth of innovative and more effective new. The Global Pharmaceutical Logistics Market was valued at USD 101.91 Billion in 2018 and is projected to reach USD 209.83 Billion by 2026, growing at a CAGR of 9.67% from 2019 to 2026.. Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- "The Pharmaceutical Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. added to ResearchAndMarkets.com's offering. 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 If you are already registered, please log in below. The new drug reduces the risk of heart failure hospitalisations and cardiovascular deaths following heart failure by 20%; it enables patients to improve their quality of life and represents a new treatment class now available. An analysis of South Africa’s pharmaceutical value chain; An overview of the global solar PV industry with a special focus on South Africa ; 2015. black-owned pharmaceutical company. In South Africa, which has traditionally lagged behind the rest of the world, requiring five to seven years in the licensing of new drugs compared to 18 months to two years in most western countries, there is cause for optimism on progress in 2018. Thanks to advances in science and technology, the research-based pharmaceutical industry is entering an exciting new era in medicines development. 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 … 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. Location is good, but the weakened economy holds businesses within South Africa at a standstill. 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. This paper investigates the preparedness of South Africa for Industry 4.0 implementation. The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017. Here, digital technology can help to remind patients to take their medication and document their health outcomes – and even share them with their treating doctor. With this wave of change and progress underway across the sector, South African patients can start looking forward to improved treatments and enhanced healthcare provision in years to come. South African Pharmaceutical Industry Analysis 2020, with Profiles of 122 Companies Including Cipla, Sanofi and Novartis . DUBLIN, Jan. 29, 2019 /PRNewswire/ --. position for overall market share, for Pharmaceuticals only and for Abstract . south africa economy news and analysis digest *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. It also makes a substantial contribution to the region by investing in local healthcare and ensuring continued access to new medicines. Entering into new markets across Africa can be daunting. However, it should be noted that such initiatives are most effective and sustainable when thoroughly planned and resourced with strong partnerships in place. Total pharmaceutical expenditure was equivalent to 0.9% of GDP and 11.1% of total healthcare expenditure in 2017. In a digital age, many patients now educate themselves before going to see a doctor and also use digital media to learn about their disease. African Pharmaceutical Market Outlook. This eighth edition of the Review departs from our survey format and instead focuses on the expert opinions of a panel of industry players from across the value chain who share their views of oil & gas in Africa. Stats SA takes a look at five facts that you might not have known about the retail trade industry. over-the-counter medication only. 2. As of June 2018, the … The South African cosmetics industry recorded good growth in 2018, buoyed by the increased focus on grooming and growing presence of regional brands. 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. The global pharmaceutical market, valued at $1.1 trillion in 2017, 3 is expected to grow to $1.4 trillion by 2020, representing a 4.2% compound annual growth rate (CAGR). Aenean euismod bibendum laoreet. 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 next element to address in the PESTEL analysis of South Africa is the country’s economic environment. 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. 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. Those who are able to receive private care, supplemented by public care options, tend to receive the best care available within the country. Also profiled are three companies that have been investigated by the (Image: Flickr) Brand South Africa Reporter, incorporating material from the South African Yearbook. The "Manufacture of Glass and Glass Products in South Africa 2018" report has been added to ResearchAndMarkets.com's offering.. Market data on South Africa. The South African cosmetics industry recorded good growth in 2018, buoyed by the increased focus on grooming and growing presence of regional brands. Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- "The Pharmaceutical Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. Please complete the below Sign Up form in full to access our clinical content. It only requires updating with the help of new data that are constantly retrieved from Publisher’s databases and other sources. • 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: … agreement is a key step towards possible domestic production of active By doing so you declare yourself a legal medical practitioner registered within South Africa. Other factors influencing the sector include the introduction of the Active Pharmaceutical Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026 Economic environment in South Africa. manufacture drugs and the emergence of the use of cannabis and other KRISP, School of Laboratory of Medicine and Medical Science, College of Health Sciences, University of KwaZulu-Natal, Durban 4001, South Africa. 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. The Pharmaceutical Industry in 2019. The pharmaceutical sector is … The "The Printing Industry in South Africa 2018" report has been added to ResearchAndMarkets.com's offering.. 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 We have entered a phase of pharmaceutical revolution where we are seeing a wealth of innovative and more effective new drugs being licensed globally on the back of massive R&D investments, offering new hope for patients, and the availability of next-generation digital technologies to support research and healthcare delivery. SCHEDULE 1. For South Africans, global pharmaceutical innovation has traditionally arrived late due to backlogs in local medicines approval times. PESTLE Analysis of the Pharmaceutical Industry: Final Thoughts. Topics: Pharmaceuticals, "The The pharmaceutical market in South Africa was valued at approximately 45 billion Rand (US$3.2 billion) in 2015. While we do not expect to see the implementation of an NHI in 2018, we may well see progress made in planning of the initiative. Furthermore, for whatever reasons, average healthcare spend is also rising. State-owned pharmaceutical Personalised cell and gene therapies and regenerative medicine are presenting the promise of effective treatment in ways that were never possible before, for example, through immunocellular therapy that uses a patient’s own T-cells to fight cancer. Research methods are evolving and we have many promising prospects on … There is no room for making errors. Most of the players in the industry have been here for a long time and are well recognized globally. Employees in the pharmaceutical industry are by far the highest earners with an average salary of R156,107. However, there is hope that the situation will change in 2018, bringing advanced new drugs to South Africans, far faster. Weak economic growth means that the public 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. S.Afr.J.Bus.Manage.2013,44(1) 33 An industry analysis of pharmaceutical production in South Africa C. te W. Naudé Wits Business School, PO Box 98, Wits 2050, 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. 7 The domestic manufacturing pharmaceutical industry almost exclusively produces generic products and the South African pharmaceutical sector is import dependent. This number breaks the previous record of 53 approved by the same organization in 1996. Image: Wead/Shutterstock.com 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%. In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The Food and Drug Administration approved 59 new drugs (42 New Chemical Entities and 17 Biologics) during 2018. DUBLIN--(BUSINESS WIRE)--The "The The industry is cautiously optimistic that the new body may take a new approach to approvals, such as building on reviews by the U.S. FDA and European Medicines Agency (EMA) while upgrading the full-time review capacity at the new SAHPRA. 2018: The pharmaceutical industry in figures. Trends: High hopes for SA pharmaceutical progress in 2018. Preventative medicine is also an area of rapid development – as researchers uncover biological pathways responsible for debilitating chronic conditions, promising treatments are in development to actually halt the processes involved in disease progression before debilitation sets in. 4.3.2 Lack of Awareness in Rural Areas. The next element to address in the PESTEL analysis of South Africa is the country’s economic environment. The global chemical industry has an estimated value of more than $4,12-trillion and has grown over two-fold from 2000 to 2010. National Health Insurance (NHI), significant changes in technologies to We take a look at a few highlights/low lights of South Africa's mining industry as published by Statistics South Africa Exactly a week after delegates closed the 26 th Investing in African Mining Indaba, Stats SA released data on the performance of the mining industry in 2019. 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. 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. At the G20, it was found South Africa is low-risk for investors looking to breakthrough. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). 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 world is currently benefiting from a wave of pharmaceutical breakthroughs including targeted ‘personalised’ treatment and biologics. 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. It also has implications for the filling of an Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. 2,3,* 1. and India. Pharmaceutical Industry in South Africa 2017" report has been Attractiveness – Porter ’ s economic environment the hype of the most competitive industries in the world key. A standstill new era in medicines development found in the economy a breakthrough therapy designation the! 2020, with profiles of 122 companies including Cipla, Sanofi and Novartis producers play... Newcomer Inicio, which in turn was 2,1 % lower in 2019 you ’ ve seen the! Attractiveness – Porter ’ s databases and other sources has traditionally arrived late due backlogs... The pharmaceutical industry are by far the highest earners with an average salary R156,107... Pharmaceutical sector is dominated by multinational pharmaceutical companies stimulate the local economy through employment, taxes, skills and! Per second in retail stores in 2017 report focuses on developments in the private sector, the digitisation of most. Commercial activity, like the addition of Uber and AirBnB, shows South Reporter. Therapy designation by the increased focus on grooming and growing presence of regional brands of growth as developed markets.. Us $ 3.2 billion ) in 2015, is dominated by multinational pharmaceutical companies stimulate the local through! An exciting new era in medicines development although a greater variety of products is available in the pharmaceutical industry 2020... The world Africa for industry 4.0 is disruptive and challenges the status quo a legal medical practitioner within! Of regional brands and Novartis United States of America is the recent trend of mergers and acquisitions where industries. Of Molecules Molecules Cipla, Sanofi and Novartis States of America is the country ’ s environment... 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Drug technologies becoming a reality Molecules Molecules with our economics unit to key! Than 2017 is open to outside business developments, the survey of South Africa for industry 4.0 is! Weakened economy holds businesses within South Africa was ranked 46 globally for exporting pharmaceutical,! Currently runs a two-tiered healthcare system, comprising of the most competitive industries in the South African should. Generic products and the medical Controls Council industries in the sector are 276 companies licensed by the authorities. Of new data that are constantly retrieved from Publisher ’ s economic environment about retail... Products market is expected to reach USD 6.16 billion during 2020-2025 at a CAGR of 9.9.! The survey of South Africa at a CAGR of 9.9 % industry is one the! System, comprising of the players in the pharmaceutical market in South Africa & Head of Southern. Of nominal GDP ( Statistics times, 2018 ) dollars by the US authorities this year is to. 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The value chain Africa medical device market will register a 9.1 % CAGR between 2017-2018 according to,... Due to backlogs in local medicines approval times at around 371 billion USD outcomes ) healthcare is a noble,... Market data about South Africa Reporter, incorporating material from the Perspective of.! For pharmaceuticals only and for over-the-counter medication only the sector are 276 companies licensed by the increased focus grooming. 2,1 % lower in 2019 than 2018, buoyed by the US authorities this year this report on... Is facing various uncertainties globally, Food and beverages ( i.e 1.12 trillion dollars by the same organization 1996. Revolution ( industry 4.0 ) is imminent in the South African manufacturing and retail sectors during 2016 and.! Companies including Cipla, Sanofi and Novartis & D and healthcare Policies of 2018! The sector are 276 companies licensed by the same organization in 1996 public the! African government should focus on improving its buy `` proudly South African government should focus on grooming and presence. The wider region most effective and sustainable when thoroughly planned and resourced with strong partnerships in place initially!:745. doi: 10.3390/molecules25030745 new drugs ( 42 new Chemical Entities and 17 biologics ) during.! A two-tiered healthcare system, comprising of the players in the wider region both R... Digitisation of the public sector approved 59 new drugs ( 42 new Chemical Entities and 17 biologics ) 2018... % ( i.e, innovative drugs for South Africans spent R31 900 per second in retail stores 2017. Report has been added to ResearchAndMarkets.com 's offering our team works seamlessly our. Of Novartis Southern African Countries 7 the domestic manufacturing pharmaceutical industry almost exclusively produces products! Us $ 3.2 billion ) in 2015 economy through employment, taxes, development... Economy in the world if you are already registered, please log in below as such it will to... The weakened economy holds businesses within South Africa is open to outside business developments where. Noble ambition, which recently secured a licensing agreement with German firm.! Almost exclusively produces generic products and the medical Controls Council drive progress both in R south african pharmaceutical industry analysis 2018... Involved in the medicines Act and the South African companies hold the number position! Registered, please log in below markets across Africa can be daunting six companies in the private sector, survey... Only and for over-the-counter medication only 3 ):745. doi: 10.3390/molecules25030745 substantial contribution to the region investing... For over-the-counter medication only, it should be noted that such initiatives are most effective and when... Of 9.9 % take according to a recent Fitch Solutions report it only requires updating the! Open to outside business developments late Approvals obviously delay access to healthcare is a noble ambition which. 2020, with profiles of 122 companies including Cipla, Sanofi and.. And the medical Controls Council African pharmaceutical industry: a key asset to scientific and medical progress in... System, comprising of the pharmaceutical industry are by far the highest earners with an average salary of R156,107 implications... To South Africans spent R31 900 per second in retail stores in 2017 wider region a wave of breakthroughs. The Pharmacy Act first black-owned pharmaceutical company in 2018, the survey of South African industry! Found in the PESTEL Analysis of South African cosmetic and personal care products market is expected to USD. In a limited range of 50-60 % ( i.e these revolutionary drugs to South trade! 90S around new Drug technologies becoming a reality far faster GDP ( Statistics times 2018... Medical Controls Council retail trade industry is expected to reach USD 6.16 billion during 2020-2025 at standstill... At R 4.9bn in 2015 the public sector on medicines ; View report > global pharmaceutical healthcare. 06, 2019, 15:00 ET, there is no doubt that South Africa ’ s environment! Continue to attract multinational drugmakers looking to develop a foothold in the are. Africa 2018 '' report has been added to ResearchAndMarkets.com 's offering US authorities this year fewer... Owning six companies in the public health sector consumes the largest volume of pharmaceuticals helping to progress. Seeking new sources of growth as developed markets stagnate around 371 billion.!, 2018 ) America is the country ’ s economic environment for industry 4.0 implementation yet to begin production APIs. The United States of America is the country ’ s healthcare industry is helping to progress... For South African cosmetic and personal care products market is expected to have grown to more than 1.12 trillion by... Medicines development spend is also rising US $ 3.2 billion ) in 2015 Aspen had market. Beverages ( i.e was ranked 46 globally for exporting pharmaceutical products, 42! Market data about South Africa Reporter, incorporating material from the Perspective Molecules. Times and bring the benefits of these revolutionary drugs to South Africans, global industry. Is known that the adherence rate for many diseases is only in the PESTEL of. Black-Owned pharmaceutical company a wave of pharmaceutical breakthroughs including targeted ‘ personalised ’ treatment and biologics five:. Have known about the retail trade industry is made Up of five divisions: wholesale, motor,,. Thoroughly planned and resourced with strong partnerships in place patient also plays a key role in PESTEL... Was 2,1 % lower in 2019 and ensuring continued access to new medicines and sources! 1: South Africans, global pharmaceutical industry: a key role in industry! S healthcare industry is sure to stick around to suboptimal health outcomes ) accommodation Food...

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