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Africa Pharmaceuticals Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Africa Pharmaceuticals Market: By Product Type (Prescription Drugs, Over-the-Counter Drugs), By Formulation (Solid, Liquid, Semi-Solid), By Therapeutic Area (Infectious Diseases, Cardiovascular Diseases, Diabetes and Metabolic Disorders, Neurological Diseases, Cancer, Autoimmune Disorders, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies), and Geography – Africa Pharmaceuticals Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Market Dynamics: Africa Pharmaceuticals Market
Increase in the prevalence of chronic diseases such as cancer, diabetes, cardiovascular diseases, rise in R&D activities for the innovation of newer drugs, and increase in healthcare expenditure are anticipated to fuel the Africa pharmaceuticals market over the forecast period. In addition, expansion of businesses by the pharmaceutical companies, environmental conditions such as tropical climate in Africa may cause the infectious diseases such as TB, malaria, and AIDS, and economic growth are expected to propel the Africa pharmaceuticals market. However, high cost of pharmaceuticals for chronic diseases, and lack of awareness about the disease treatments in underdeveloped countries may hamper the growth of This market.
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Market Scope: Africa Pharmaceuticals Market
Africa pharmaceuticals market is segmented on the basis of product type, formulation, therapeutic area, distribution channel, and region
Based on the product type, This market is segmented into the following:
- Prescription Drugs
- Over-the-Counter Drugs
Based on the formulation, This market is segmented into the following:
- Solid
- Liquid
- Semi-Solid
Based on the therapeutic area, This market is segmented into the following:
- Infectious Diseases
- Cardiovascular Diseases
- Diabetes and Metabolic Disorders
- Neurological Diseases
- Cancer
- Autoimmune Disorders
- Others
Based on the distribution channel, This market is segmented into the following:
- Hospital Pharmacies
- Retail Pharmacies
Based on the region, This market is segmented into the following:
- North Africa
- Central Africa
- Southern Africa
- Rest of Africa
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Regional Analysis: Africa Pharmaceuticals Market
Geographically, Africa pharmaceuticals market is segmented into North Africa, Central Africa, South Africa, and rest of Africa. North Africa pharmaceuticals market is growing at a significant rate owing to increase in the prevalence of malaria, leishmaniasis, rickettsioses, and leishmaniasis in Algeria, Egypt, Libya, and Tunisia. Central Africa pharmaceuticals market has a lucrative growth owing to rise in prevalence of malaria, cholera, and tuberculosis due to tropical climate, rise in incidence of AIDS especially in women, and rapid urbanization are boost the market. Southern Africa pharmaceuticals market has a significant share attributed to awareness about diseases treatment majorly in South Africa, rise in R&D for the innovation of newer drugs, and expansion of business by market players in the region.
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Competition Assessment: Africa Pharmaceuticals Market
Key player profiles in the Africa pharmaceuticals market include:
- GlaxoSmithKline Plc. (UK)
- Pfizer Inc. (U.S.)
- Novartis AG (Switzerland)
- Sanofi S.A. (France)
- AstraZeneca plc (UK)
- Cipla Ltd. (India)
- Bayer AG (Germany)
- Resmed Pharmaceuticals Cc(South Africa)
- Aspen Holdings (South Africa)
- Litha Healthcare Group (Pty) Ltd (South Africa)
Notable Market Developments: Africa Pharmaceuticals Market
- In April 2017, Cipla Ltd’s South African arm agreed to acquire Anmarate Pty Ltd for strengthening its footprint in Africa region
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key marketdevelopments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies and regulatory framework
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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