African Pharmaceutical Market Outlook. South Africa E-mail: afatti@gmail.com E-mail: adeline.dutoit@up.ac.za Received February 12, accepted 25 February 2013 ABSTRACT: 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. ndaconnect@nishithdesai.com ©Nishith Desai Associates 2019 February 2019 The Indian Pharmaceutical Industry Business, Legal & Tax Perspective DMS Code - 478882 Questionnaires were administered, 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. Share this article. This book is essential reading for any manager who has to make competitive decisions - decisions which affect the competitive success of a corporation or business unit. The purpose of The study analyses and reports on the results from data and views gathered via questionnaire which addressed the questions of attitudes towards CI, methods of gathering CI, practitioner background, and problem areas. Competitive Intelligence (CI) as a means of making more sense of the competitive business environment and to identify opportunities and risks in time to act upon can be effectively used as a means to enhance competitiveness. PDF/PPT/XLS/Hard Copy. The Pharmaceutical Industry in 2018. India is the biggest provider of generic medications internationally using all the Indian generics accounting for 20 percent of global … 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. Regulatory Analysis of Mark-up Structure in Medicine Prices by the Pharmaceutical Industry in South Africa @article{Zg2019RegulatoryAO, title={Regulatory Analysis of Mark-up Structure in Medicine Prices by the Pharmaceutical Industry in South Africa}, author={Ondo Zg}, journal={Journal of Pharmaceutical Care & Health Systems}, … Smaller firms find practising CI more challenging than larger firms, 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. The Dti provided a broad profile of the industry and indicated that the pharmaceutical market in South Africa was valued at approximately R45 billion in 2015. The role that national oil companies (NOCs) play as operators and custodians of the orderly development of the hydrocarbon industry in their respective countries cannot be underestimated. An Analysis of FDA Drug Approvals from the Perspective of Molecules . The majority of the respondents were of the opinion that a culture of information sharing and an environment of collaboration on competitive issues exist in their companies. The case for Competitive Intelligence (CI) as an instrument that can enhance the competitiveness of South African companies and South Africa as a country is strong. As sub-Saharan Africa develops its local pharmaceutical industry, it is imperative that countries continuously upgrade their quality standards and enforcement. The tropical climate of Africa makes the continent the largest reservoir of infectious diseases, particularly malaria, tuberculosis (TB), and acquired immune deficiency syndrome (AIDS), besides frequent outbreaks of polio, meningitis, cholera, pandemic influenza, yellow fever, measles, hepatitis, and tetanus. DUBLIN--(BUSINESS WIRE)--The "The Pharmaceutical Industry in South Africa 2017" report has been added to ResearchAndMarkets.com's offering. It is therefore the aim of this article to first attempt to describe the role of CI in enhancing competitiveness, specifically in South Africa and secondly, to stimulate thought on how to secure momentum in enhancing CI as an academic field by developing relevant CI courses as well as demonstrating the value of CI to companies in South Africa through research and collaboration between academics and the private and public sectors. Moreover, information on the levels of the … EFPIA Key Data | 2018 4 64.1% 9.2% 7.1% and United Kingdom 18.1% Pharmerging Japan Europe (Top 5) Rest of the World USA 1.5% MAIN TRENDS The research-based pharmaceutical industry can play a critical role in restoring Europe to growth and Respondents confirm that CI is used on a continuous basis in strategic decision-making and that company strategies are used to manage competitors. comprehensive African Medicines Agency by 2018. The book, however, shows that many senior managers are unprepared and unable to meet quite common competitive challenges even half the time. There is still a high level of investor readiness, yet this is complemented with a level of caution, as PE players target the acquisition of quality assets at the right price and … Competitive Intelligence is a big problem in developing countries. Customer Support. 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. 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. It will also 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. This note is prepared to assist in these … It is therefore the aim of this article to first attempt to describe the role of CI in enhancing competitiveness, specifically in South Africa and secondly, to stimulate thought on how to secure momentum in enhancing CI as an academic field by developing relevant CI courses as well as demonstrating the value of CI to companies in South Africa through research and collaboration between academics and the private and public sectors. south africa economy news and analysis digest *Please note that Pharmaceutical industry in South Africa: Business Report 2020 is a half ready publication. The practice of Competitive Intelligence (CI) is common in the US pharmaceutical industry but there is little evidence to suggest that the European industry has adopted CI to the same extent. That growth is continuing at a rapid pace: we predict the market will be worth $40 billion to $65 billion by 2020 (exhibit). to have grown at 18-20 % CAGR in 2018, and is expected to have a market size of USD 18 Billion.4 The industry is typically involved in four types of businesses- marketing of generic medicines, marketing of branded generic medicines, marketing of innovator medicines, and manufacture and supply of active pharmaceutical ingredients which are used as ingredients in medicines as well as finished … 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. 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 case for competitive intelligence (CI) to play a developmental role in Africa is strong, as is evident from the competitiveness rankings released by the World Economic Forum. with developmental goals and needs of South Africa which are medium term goals. The research identified the importance of CI in South Africa in order to improve the country's competitive position. From major multinational pharmaceutical corporations to burgeoning local generic companies, a wide range of industry players are present, developing their best strategy to make the most of the many opportunities within the country’s borders and beyond. JEL O55. A literature review was conducted together with empirical research using a survey to determine the seriousness of the problem in South Africa. Since 1994, the country has a multi-party parliamentary system, with executive powers handed to a state president and a ministerial cabinet. The Pharmaceutical Industry Association of South Africa (PIASA) is a trade association of companies involved in the manufacture and marketing of prescription medicines in South Africa. 0000029437 00000 n The industry is highly concentrated with the two largest companies - Aspen Pharmacare and Adcock Ingram – accounting for 26% of the market. quarterly basis) were not as frequently accessed, an analysis method/model and there is roo. 0000001241 00000 n 1,* and . 2. However, the industry is not taking full advantage of the CI effort at every stage of the SDM process. In addition, pharmaceutical companies stimulate the local economy through employment, taxes, skills development and technology transfer. On 7 August 2017, the South African Government, through the Department of Trade and Industry (Dti), published the Draft IP Policy of South Africa (Phase 1) (DIPP)3 which is open for public consultation for a period of sixty days. Monitor the impact on your business. 0000007157 00000 n Introduction 1. Companies in all four countries did not use advanced analysis techniques.Practical/managerial implications: It is recommended that all four countries should develop a competitive intelligence culture by creating awareness of competitive intelligence amongst their employees.Contribution/value added: It is crucial to apply competitive intelligence in the four countries in order to become more competitive in the global economy. Addressing potential investors at a pharmaceutical investment seminar in Hyderabad, India on Monday, Trade and Industry Deputy Minister Bulelani Magwanishe said South Africa has launched a major investment recruitment drive of $100 billion over the next five years. Pharmaceutical; Publication dates. Results indicate that the CI activities in respondent firms are reasonably well established and also that the pharmaceutical industry appears to appreciate both the benefits, and requirements of a modern day CI function. Big data’s potential in pharmaceutical R&D is enormous. Various global competitive rankings measurements have indicated over a number of years the areas in which competitiveness is lacking. New Pharmaceutical jobs added daily. The private sector accounted for 84% of the market, and the public sector for the rest. However, where there is a systematic CI approach, problem-solving is facilitated. PIASA Pharmaceutical Industry Association of South Africa PIT Pharmacist initiated therapy PLASA Pharmaceutical Logistics Association of South Africa PSP Pharmacy support personnel PSSA Pharmaceutical Society of South Africa PTC Pharmacy and Therapeutics Committee RU Rhodes University SA South Africa SAAHIP South African Association of Hospital and Institutional … DUBLIN--(BUSINESS WIRE)--The "The Pharmaceutical Industry in South Africa 2017" report has been added to ResearchAndMarkets.com's offering. 0000018265 00000 n Join ResearchGate to discover and stay up-to-date with the latest research from leading experts in, Access scientific knowledge from anywhere. Approximately 276 companies were licensed by the DoH and the Medicines Control Council (MCC) to import, manufacture, distribute or export pharmaceuticals. The association promotes and safeguards the interests of its members vis-à-vis government, business and other professional organisations. The interplay of drug design and patents. 0000005784 00000 n Its regulatory framework includes laws, official Mexican standards, decrees and agreements that can be … Competitive Intelligence is critical for companies to stay competitive in the market place. While South Africa has a high demand for pharmaceutical products and with many companies … The South African pharmaceutical environment is highly regulated. A Abstract The case for Competitive Intelligence (CI) as an instrument that can enhance the competitiveness of South African companies and South Africa as a country is strong. … The study was quantitative in nature and a web-based questionnaire was used to collect data from the respondents. SAAPI provides up to-date support and advance training on the pharmaceutical manufacturing sciences and technologies to be able to implement appropriate solutions over the product lifecycle. Questionnaires were administered electronically to senior managers in the pharmaceutical industry. 0000025230 00000 n 0000006729 00000 n CI managers in the European pharmaceutical industry were selected and the results from 79 questionnaires and 14 in-depth interviews are provided. 254 0 obj <> endobj xref 254 33 0000000016 00000 n Questionnaires were administered, Orientation: This article compared competitive intelligence activities in Brazil, Malaysia, Morocco and South Africa.Research purpose: The purpose was to determine how these countries can use competitive intelligence to increase their competitiveness in the global economy.Motivation for the study: Competitive intelligence is a challenge in developing economies.Research design, approach and. CI should be investigated and adapted for South Africa’s business environment. The book is unique in that it is based on detailed research spanning a decade of dramatic competitive change. It is recommended that senior management of pharmaceutical companies capitalise and consolidate the CI function which is used on a continuous basis in strategic decision-making. ICLG - Pharmaceutical Advertising Laws and Regulations - covers common issues in pharmaceutical advertising laws and regulations – including advertisements to healthcare professionals, gifts and financial incentives, hospitality and related payments, and transparency and disclosure – in 24 jurisdictions.. Armed with vast amounts of biological data and the tools to process it – cutting-edge analytics, streaming, massively parallel processing and domain-specific access and query technologies – the industry will be able to develop more effective, personalised medicines. SOUTH AFRICAN PHARMACEUTICAL INDUSTRY by DEREK KELVIN MADER submitted in fulfilment of the requirements for the degree of MASTER OF COMMERCE in the subject BUSINESS ECONOMICS at the UNIVERSITY OF SOUTH AFRICA SUPERVISOR: MRS S A HAMERSMA NOVEMBER 1994 South Africa’s pharmaceutical market is the single largest on the African continent. Interested in research on Competitive Intelligence? Source: 2018 … Competitive Intelligence (CI) refers to the legal and ethical collection of information about competitors' activities in the market place. method: A questionnaire survey was sent to competitive intelligence professionals in the four study countries.Main findings: The most important primary information source used in all four countries is direct customer feedback and the most important secondary information source used is corporate websites. Requesting information on them through the Companies and Intellectual Property Commission is impractical. The Indian pharmaceuticals market is the next biggest concerning quantity and thirteenth largest concerning value, according to a report by Equity Master. That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. We are ranked amongst the Top eight generic pharmaceutical companies in South Africa, where we are engaged in the sales and distribution of generic prescription, over-the-counter (OTC) and originator prescription products. by Beatriz G. de la Torre. That growth is continuing at a rapid pace: we predict the market will be worth USD 56 billion to USD 70 … 0000012463 00000 n South Africa is one of the most powerful countries in Africa and plays a considerable role in global economy and politics. 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% Dublin, April 29, 2019 (GLOBE NEWSWIRE) -- The "The Pharmaceutical Industry in South Africa 2019" report has been added to ResearchAndMarkets.com's offering.. By 2030, business-to-business spending in manufacturing in Africa is projected to reach $666.3 billion, $201.28 billion more than in 2015. The AMA would build upon the already existing structures of the five Regional Economic Communities (RECs) and Member States that have begun … To stay competitive in the business world, it is always necessary for a company to take proactive measures in terms of formulating competitive strategies way before related events happen. 0000004289 00000 n 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). Dr. Iain Barton, Executive Healthcare, Imperial Logistics Group, South Africa In a worldwide comparison Africa is currently a very small and economically sub-scale and micro-fragmented market. Competitive Intelligence (CI) as a means of making more sense of the competitive business environment and to identify opportunities and risks in time to act upon can be effectively used as a means to enhance competitiveness. Sub-Saharan Africa is expected to lead the trajectory at a rate of 7.5% CAGR.3 The South African pharmaceutical market was valued at $3.2 billion in 2017, making it the biggest in Africa (ahead of Nigeria, Egypt, and … Thanks to the internet, globalization, technological and demographic change, the velocity of competition is increasing and competitive decisions have to be made faster. ... No entanto, a criação de sentido para estes sinais está baseada na interpretação dos fatos e, portanto, a aprendizagem organizacional depende da confiabilidade deste processo (PRESCOTT; MILLER, 2002). A substantial portion of medical device and lab equipment exports are sent to other parts of Africa, with 12 African nations featuring in its top 20 export destinations last year. Valuable lessons from successful CI practices in the business sector and government can be learnt from elsewhere in the world. Various global competitive rankings measurements have indicated over a number of years the areas in which competitiveness is lacking. There are several factors contributing to this aspect of business that this study will investigate. Given the size of the market, it is vital that companies appreciate the varying levels of both investment risk and reward that are present at the regional and provincial level in South Africa. Research and Markets Jun 06, 2019, 15:00 ET. Published: … The pharmaceutical industry is exposed to strict regulations because of how sensitive its activities are, from the stages of research, development, health approval, promotion, sale and follow-up of products; up to the operation of synergies with commercial partners and other sectors involved in its performance. … Although a greater variety of products is available in the private sector, the public health sector consumes the largest volume of pharmaceuticals. … The analysis was descriptive in nature. In 2018 the HSF released the Report of Supply of Pharmaceuticals in South Africa (“Report”). We also offer generic anti-retroviral (ARV) medicines to needy patients in Southern Africa, supporting national governments in their effort to control the AIDS epidemic. The majority of the respondents were of the opinion that a culture of information sharing and an environment of collaboration on competitive issues exist in their companies. 2018 Deloitte Africa Private Equity Confidence Survey 01 Foreword There is cautious optimism as private equity continues to be an agile asset class, navigating tough geopolitical and macro-economic conditions across Africa. The fact that the world is becoming increasingly competitive for South African entities is undisputed. Region Covered: Africa. 0000000956 00000 n DOI: 10.35248/2376-0419.19.6.203 Corpus ID: 211807250. As such it will continue to attract multinational drugmakers looking to develop a foothold in the wider region. with developmental goals and needs of South Africa which are medium term goals. This is R 4.9 billion in value made up mostly of generic products, exported to Africa. Talk to Sam +1 718 303 2384. 0000021819 00000 n Download PDF. We also provide an overview of the industry in Africa, looking at challenges and opportunities in the sector against the backdrop of a growing population and rising energy demand. The South African Pharmaceutical industry . Today’s top 4,000+ Pharmaceutical jobs in South Africa. PIASA focuses on the transformation and demands of the local healthcare … Africa Economic Outlook 2018 Macroeconomic developments and poverty, inequality, and employment Competing in food value chains. Share this article. (PDF) Emerging Pharmaceutical Market in South Africa ... ... simple In Chapter 2, the leadership of South Africa and Nigeria share their respective approaches to achieving this feat. Vaccines and ARVs for HIV infection account for more than 50% of total public health sector expenditure on pharmaceuticals. The sector seeks to meet this challenge in the context of implementation of the National Health Insurance (NHI) and rapid technological developments. Competitive intelligence: an instrument to enhance competitiveness in South Africa. This significant growth will raise the market to USD 1.27 bn by 2018. The findings indicated that although CI had been established in organisations for at least five years, it did not exercise an overall positive effect on South Africa's current competitive situation. All rights reserved. It helps businesses to survive in the midst of fierce competition. Industry of South Africa, and the Delegation of the European Union to South Africa as well as by IFPRI and UNU-WIDER through the Institute’s contributions from Finland, Sweden, and the United Kingdom to its research programme. 0000008966 00000 n South Africa, a country with a thriving domestic pharmaceutical industry, where India serves as a source of 28.3% of imports of finished drugs, the contribution to bulk drug imports is a meagre 3%. 2 SSA As A Major Pharmaceutical Market o The pharmaceuticals market in Africa is expected to reach a ... South Africa, Industry 4.0 is gaining additional importance. Get Reports. The Report identifies key actions that can be taken at national, regional and continental levels to overcome barriers to The pharmaceutical industry, a vital one which incorporates research and development, manufacture, import, distribution, wholesale and retail of pharmaceutical products, was valued at R39.3bn in 2015. The purpose of this article is to establish what the current situation is within the South African pharmaceutical's industry's competitive intelligence (CI) capacity. trailer <<5D75A56FF91B4486B1944F4B30FDC16B>]/Prev 56838/XRefStm 1241>> startxref 0 %%EOF 286 0 obj <>stream Lack of knowledge and practice of Competitive Intelligence, Lack of a Competitive Intelligence culture in most organizations. 0000003026 00000 n © 2007 by Chris Hall and Babette Bensoussan. It accounts for just two percent of the global pharmaceutical market, and when South Africa is excluded, has approximately half a percent of the global market spread across about 40 different countries in Sub … 7 PHARMACEUTICAL INDUSTRY RESEARCH AND DEVELOPMENT IN EUROPE EFPIA 2017 € million € million Austria 294 Belgium 3,508 Bulgaria n.a Croatia 40 Cyprus 85 Czech Rep. 77 Denmark 1,632 Estonia n.a Finland 201 France 4,451 Germany 6,918 Greece 42 Hungary 176 Iceland n.a Ireland 305 Italy 1,530 Latvia n.a Lithuania n.a Malta n.a Netherlands 642 Norway … Competitive intelligence offers competitive advantage to firms. 79 Figure 5.1 Africa has an opportunity to triple historical manufacturing output growth rates, and to double output, in 10 years Potential revenue growth from African manufacturers by 2025. Whilst competitive intelligence practice challenges have been identified in other sectors in South Africa, no research has been conducted to establish competitive intelligence challenges in the South African property sector. Sub Saharan Africa 27 March 2018 Randall Crisp Life Sciences Regional Manager, Sub Saharan Africa . Coupled with a fluctuating exchange rate and the country’s geographical proximity, this poses unique challenges facing South African managers who have to deal with various regulations and legislative matters. The information on the web lacks accuracy as the information cannot be verified. Competitive intelligence and Africa's competitiveness: What's happening in South Africa? 42 for imports spanning a decade of dramatic competitive change activities in the pharmaceutical sector dominated... Establish challenges faced by South African entities is undisputed quarterly basis ) were not as frequently accessed, Analysis! 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