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 … Continental4.3. Measures for investments protection 3.6. The South African Pharmaceutical industry. PECULIARITIES OF DOING BUSINESS IN SOUTH AFRICA, 3.1. Here are the biggest pharmaceutical companies in the world based on their 2016 revenue: 10. 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. 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. Local manufacturing, valued at R 4.9bn in 2015, is dominated by local companies. This report is a comprehensive research of pharmaceutical industry in South Africa. Publications10.2. Geographic Position3. *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. Industrial production outlook2.3. In 1990they accounted for 28% of illnesses and 35% of deaths. Address: Gauteng, 2196, South Africa … Size of the Industry4. How do […] 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. Corporate Actions4.1.2. The drug industry is one of the richest investments on earth. 1. 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. That growth is continuing at a rapid pace: we predict the market will be worth USD 56 billion to USD 70 billion by 2030. Economic Environment5.2. 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%). South Africa foreign trade 2.4. Historical background1.3. Websites, For more information about this report visit https://www.researchandmarkets.com/r/o8i01s. 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. State of the Industry4.1. Current investment climate 2.5. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. This is projected to rise to 60% and 65% by 2020. Introduction2. It’s also good news for … List of best Pharmaceutical Companies in Africa of 2021. | In 2015 Aspen had a market share of 15.3… The PTG is made … Political situation 1.6. 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 trade transactions3.8. In 2015 the South African pharmaceutical total market value was estimated at $3.3 billion. DUBLIN, June 6, 2019 /PRNewswire/ --  The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. ID: PFEE393DCC1EN “The problem is how the Gross Domestic Product (GDP) is distributed. The highest growing pharmaceutical company in South Africa (by a long shot) is Mylan: a multinational firm that specializes in generics in South Africa (good move). It only requires updating with the help of new data that are constantly retrieved from Publisher’s databases and other sources. Geographical position1.2. Tax system3.7. This chapter elucidates the country’s fiscal system, existing labour practices, property rights regulation peculiarities and other issues vital for running business in this country. “This presents infinite opportunities for investors to access multiple markets in Africa,” said Magwanishe. Procedures for starting a business 3.2. Scientists and the medical community have gained immense knowledge of COVID-19 in less than a year, with the development time of vaccines reduced to months instead of years. Hard Copy Mail Delivery (+US$ 190.00). 2.1. 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. Every day the pharmaceutical industry strives to develop better and more effective drugs and therapies to battle the world’s most pressing health problems. ICT beats agriculture as one of the fastest growing industries in South Africa. The pharmaceuticals and life sciences industries are at a pivotal point. The sector seeks to meet this challenge in the context of implementation of the National … /PRNewswire/ -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering. Involved in the sector are 276 companies licensed by the Department of Health and the Medical Controls Council. Social environment and culture. 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. Current employment state2.6. 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). Please also note that we do not charge for such an updating procedure. Moreover, since 2014, new drug compounds have reduced as a contributor to growth in the pharma industry. 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. Search Here: For example: Architects in Cape Town. 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? The sector seeks to meet this challenge in the context of implementation of the National … Industry Supply Chain2.2. 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 . The value of Africa’s pharmaceutical industry jumped to $20.8 billion in 2013 from just $4.7 billion a decade earlier. More than 300 pharmaceutical companies have manufacturing sites in Afr… | 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. Thus, our clients always obtain a revised and updated version of each report. Debt collection 3.9. Business liquidation, 4. That is why it takes 3-5 days to update a report after an order is received. New Pharmaceutical jobs added daily. This updating process takes 3-5 business days after order is placed. By 2019, the South African exports of pharmaceutical products will increase to approximately $526 million. The third chapter covers common business procedures in the country: from starting a project to closing a business. International5. Foreign relations 1.8. 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. The sector seeks to meet this challenge in the context of implementation of the National Health Insurance (NHI) and rapid technological developments. Year on year, a collection of ultra-successful pharma giants continue to lead the fight. Basic terms of providing business loans by banks 3.5. Demography1.4. The PTG is a liaison body involved in pharmaceutical matters within the Pharmaceutical Industry in South Africa and with several relevant stakeholders where appropriate. 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. Competition6.1. Engineering & Construction Services Company Report, Computers & Electronic Equipment Company Reports, Software & Technology Services Company Reports, Healthcare Equipment/Supplies Company Reports. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). Outlook9. 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 Today’s top 4,000+ Pharmaceutical jobs in South Africa. This report is a comprehensive research of pharmaceutical industry in South Africa. 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. 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. There is no doubt: the pharmaceutical industry in Africa has a bright future ahead of it. Routine for building permits obtaining 3.3. 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. SOUTH AFRICA PHARMACEUTICAL INDUSTRY PORTER FIVE FORCES ANALYSIS, 6. Registration of ownership rights3.4. Industry Associations10. A range of infectious and non-communicable diseases plague the continent. The pharmaceutical industry provides medication to the South African population and was valued at between R42.6bn and R45bn in 2016. Related news bulletins update and add the finishing touch to an overview of economic situation in South Africa. Administrative divisions1.5. 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. Cultural differences and their impact on business negotiations, 2. As a result of the disease burden, pharmaceutical companies have been expanding their activities in Africa. Local companies have been integral in this process. Health Minister Dr. Aaron Motsoaledi says the problem is systemic. 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. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Local4.1.1. Technology, Research and Development (R&D) and Innovation5.4. Africa is a fertile ground for pharmaceutical investments. 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. Corporate License - US$ 2,320.00, Email Delivery - PDF (on default), In South Africa, various killer diseases like tuberculosis, HIV Aids, Hepatitis A and B, and Lassa fever have claimed some lives untimely. o While public health remains to be a key focus in South Africa, Industry 4.0 is gaining additional importance. M P Pharmaceuticals. 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. Description of the Industry2.1. Leverage your professional network, and get hired. In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. 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. SWOT Analysis8. Regulations4.1.3. Get your business to the top of the list for free, Contact Us for details Pharmaceutical Companies. SOUTH AFRICA: FINANCIAL AND ECONOMIC PROFILE, 2.1. References10.1. Following the legalisation of cannabis for private use, the first medical cannabis cultivation licences have been awarded. Pharmaceutical Companies. Non-communicable diseases such as cardiovascular disease and diabetes are growing. Country’s Gross Domestic Product (GDP): historical trends and projection2.2. 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. Economic situation1.7. Enterprise Development and Social Economic Development4.2. The country’s pharmaceutical industry has a huge skills shortage‚ lacking at least 12‚000 pharmacists in order to meet international standards. What is the intensity of competitive rivalry? Ratings by major rating agencies, 3. South Africa’s pharmaceutical industry does more than provide health-promoting medicines to South Africans. That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. South Africa’s pharmaceutical industry employs pharmacists in a wide range of positions such as production, regulatory affairs, quality assurance, responsible pharmacists, etc. Influencing Factors5.1. 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 Pharmaceutical Industry in South Africa, 2019, with Comprehensive Profiles on 89 Companies - ResearchAndMarkets.com April 29, 2019 06:50 AM Eastern Daylight Time. How significant is the bargaining power of suppliers?). Home > Pharmaceutical Companies. Labour Resources5.3. Barriers to Entry7. M P Pharmaceuticals. 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). 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). Labor market overview. 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. Environmental Concerns6. SOUTH AFRICA ECONOMY NEWS AND ANALYSIS DIGEST. Is there a threat of new competitors entering the market? How big is the bargaining power of buyers? January 2020 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 … The country’s cell phone market is also the 4th fastest growing in the world at a rate of 50% per year. 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 50 pages 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 Pharmaceutical Industry and its Competitive Dynamics: South Africa BRICS Working Group: Roundtable Discussion 12 March 2015 Moscow, Russia 1 . o The pharmaceuticals market in Africa is expected to reach a business opportunity of $45 billion in 2020, ... patents filed in South Africa. 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