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South Africa Pharmaceuticals & Healthcare Report Q4 2014 - New Market Research Report

New Healthcare market report from Business Monitor International: "South Africa Pharmaceuticals & Healthcare Report Q4 2014"


Boston, MA -- (SBWIRE) -- 10/20/2014 -- South Africa's tepid economic growth, depreciating currency and current account deficit will limit the market potential over the next decade in real terms. Foreign investment is increasingly subdued and therefore catalysts for economic development are withdrawing. This will weigh on the pharmaceutical market's development.

Headline Expenditure Projections

- Pharmaceuticals: ZAR34.01bn (USD3.52bn) in 2013 to ZAR37.28bn (USD3.45bn) in 2014; +9.6% in local currency terms and -2.1% in US dollar terms. Forecast broadly in line with Q314.

- Healthcare: ZAR301.49bn (USD31.24bn) in 2013 to ZAR327.32bn (USD30.31n) in 2014; +8.6% in local currency terms and -3.0% in US dollar terms.

Risk/Reward Rating

Despite the country's low risk profile being more favourable than its rewards profile, South Africa has longer-term commercial potential because of its sizeable population and disease burden. South Africa is one of the most promising markets in the entire Middle East and Africa (MEA) region. South Africa's score in Q414 is 55.8, giving it a ranking of fourth position in the MEA region.

View Full Report Details and Table of Contents

Key Trends And Developments

In September 2014, the Competition Commission announced that it had found no evidence of price fixing in the anti-retroviral market between Aspen, Mylan and other generic drugmakers.

Also in September, the Ministry of Health redefined the nature of complementary medicines after pressure from complementary medicine makers such as Adcock Ingram. The definition has been broadened, allowing many medicines that would previously have been removed from the market to continue to be sold in pharmacies.

In June 2014, the Free State's hospital system was on the verge of collapse, with many hospitals turning away patients, salaries reported unpaid and stocks of medicines running low. As of June, the Free State's Bloemfontein medicine depot had run out of more than 200 essential drugs, including six different anti-retrovirals. Also in June, health workers and...

The South Africa Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'s forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's South Africa Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the South African pharmaceutical and healthcare industry.

Key Benefits

- Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for South Africa to test other views - a key input for successful budgeting and strategic business planning in the South African pharmaceutical and healthcare market.

- Target business opportunities and risks in the South African pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in South Africa.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.


BMI Industry View & Industry SWOT

An at-a-glance perspective on latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The SWOT outlines strategic factors which affect BMI's forecast analysis, and taken together with BMI's political, economic and business environment SWOTS, it gives a complete overview of market climate.

Market Summary

Snapshot of key market characteristics, including total size of pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape.

Regulatory Regime

Details of the industry regulatory framework and key legislation covering the licensing of new products/services, pricing and reimbursements, intellectual property, taxation and advertising, as well as an analysis of the overall regulatory burden.

Industry Developments

Focus on government healthcare reforms, epidemiological trends, company M&As, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

BMI Industry Forecasts

Forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

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