Transcription of Pharmaceuticals and medical devices sector
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Pharmaceuticals and medical devices sector
Pharmaceuticals and medical devices sector Situational Analysis: Pharmaceuticals The gl obal pharmaceuti cal market i s worth US$300 bi l l ion a year and i s expected to ri s e by 33,3% to US$400 bi l l i on by 2019. The Uni ted States of Ameri ca i s the domi nant pl ayer i n the market, owni ng s i x compani es i n the gl obal top 10. North Ameri ca, South Ameri ca, Europe and Japan account for 85% the gl obal pharmaceuti cal s market and thi s trend i s expected to remai n cons tant wi th thei r acqui red advantage of i ncreas ed economi es of s cal e as wel l as patent protecti on, among other factors . The South Afri can pha rmaceuti cal s ector i s the l arges t drug market i n Afri ca, wi th the fi fth hi ghes t expendi ture on pharmaceuti cal s per capi ta. The total market val ue i n 2015 was es ti mated at wi th ( ) attri butabl e to the pri vate heal thcare market and n ( ) to the publ i c s ector.
Currency weakness which increases the cost of imported active pharmaceutical ingredients (API’s) which are key ingredients in the manufacturing process.
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