Sub-Saharan Africa drug sales seen to more than double by 2018.

By bne IntelliNews January 18, 2013
Pharmaceutical sales in sub-Saharan Africa are expected to reach 5.02bn in 2018, up from USD 2.28bn in 2011, a fact that makes the region highly attractive for South African drug manufacturers, BDay Live reported, a research by Frost & Sullivan. The strong growth in drug sales is coming on the back of a growing middle class and an increasing burden of disease push up demand for medicines. The economic growth in sub-Saharan Africa is projected to be strong in the coming years, boosting the disposable income of the population, so that more people will afford buying pharmaceutical products, according to the research. Frost & Sullivan researcher Ryan Lobban noted that the region of sub-Saharan Africa is attractive for South Africas pharmaceutical companies, but the key thing is the way companies would choose to enter these markets and how they would partner with local distributors and manufacturers. Partnerships with local manufacturers may be of high importance, as most of the countries in the region are trying to establish greater local manufacturing capacity and many of them may introduce public sector tenders that give preference to locally made medicines, as the situation is in South Africa, according to Lobban. South Africa has four large drug manufacturers that are listed on the Johannesburg Stock Exchange (JSE) - Aspen Pharmacare, Adcock Ingram, Cipla Medpro and Litha Healthcare. Aspen is already active outside South Africa with factories in Kenya and Tanzania, and so is Adcock Ingram, which manufactures drugs in Ghana, and has a presence in Kenya.
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