Pharmaceutical Industry in South Africa: New Research Highlights Opportunities Amidst Economic Challenges

Dublin, Feb. 16, 2024 (GLOBE NEWSWIRE) -- The "Pharmaceutical Industry in South Africa 2023" report has been added to * ResearchAndMarkets.com's* offering.

Recent analysis of the South African pharmaceutical sector uncovers a landscape of challenges and opportunities in 2023. The comprehensive report delves into the industry's current state, including manufacturing trends, retail dynamics, and regulatory impacts.

*Key Findings of Pharmaceutical Industry Research*

New research published on the status of the pharmaceutical industry in South Africa offers in-depth insights into the sector's operational climate, shaped by economic trials and emerging opportunities. The report presents a strategic overview of the market, designating crucial information on manufacturing and distribution revenue, largely steered by the private sector.

· Analysis of wholesale and retail pharmacy supply concentration.
· Evaluation of regulated medicine price hikes versus high international inflation.
· Insights into consumer spending patterns and their impact on healthcare purchases.
· Assessment of governmental budget constraints on local and international medicine competition.

*Opportunities Identified in Cannabis Cultivation and Generic Sales*

The report identifies significant potential within the realms of cannabis cultivation, medical product manufacturing, and the proliferation of generic medicine sales. It asserts that the robust R&D infrastructure and advanced capabilities in manufacturing may attract further investment into this sector.

· Prospects in expanding medical cannabis markets.
· Acceleration of affordable medication through generic drug growth.

*Economic Impact and Market Dynamics*

The industry's resilience is tested by low consumer spending and state pharmaceutical purchasing declines. However, investments in vaccine production underscore the country’s commitment to reducing dependency on imports and fortifying its stance as a research and supply hub.

· The Department of Health's affordable medicines initiative.
· Shift from reactive medicine to preventative healthcare.
· Pressure on pharmaceutical entities to heighten healthcare accessibility.

*Market Shares and Corporate Movements*

The landscape of market shares and corporate actions forms a pivotal section of the report, offering insights into established and emerging players within the pharmaceutical field.

· Profiles of leading companies, including players like Aspen Pharmacare and Adcock Ingram.
· Impact of retail giants Clicks and Dis-Chem in market dynamics.
· Movements of multinational corporations and the changing market structure.

The analysis of South Africa's pharmaceutical industry helps stakeholders understand the multifaceted challenges and opportunities, directing informed decision-making in an evolving marketplace.

*Companies Profiled*

· Abbott Laboratories South Africa (Pty) Ltd
· Acino Healthcare Group (Pty) Ltd
· Adcock Ingram Holdings Ltd
· African Medicines (Pty) Ltd
· Afrigen Biologics (Pty) Ltd
· Afriplex (Pty) Ltd
· AIM Africa
· Alpha Pharm (Pty) Ltd
· Amka Products (Pty) Ltd
· Amway South Africa (Pty) Ltd
· Arrie Nel Pharmacy Group (Pty) Ltd
· Ascendis Health Ltd
· Aspen Pharmacare Holdings Ltd
· Astellas Pharma (Pty) Ltd
· AstraZeneca Pharmaceuticals (Pty) Ltd
· Aurobindo Pharma (Pty) Ltd
· Austell Pharmaceuticals (Pty) Ltd
· B Braun Medical (Pty) Ltd
· Barrs Pharmaceuticals Industries (Pty) Ltd
· Baxter Healthcare South Africa (Pty) Ltd
· Bayer (Pty) Ltd
· Becton Dickinson (Pty) Ltd
· Bio Earth Manufacturing (Pty) Ltd
· Biologicals and Vaccines Institute of Southern Africa (Pty) Ltd (The)
· Bitek Industries (Pty) Ltd
· California Pharmaceuticals (Pty) Ltd
· Caprichem (Pty) Ltd
· Chemical Convertors (Pty) Ltd
· Chemtron Holdings (Pty) Ltd
· Cilo Cybin Pharmaceutical (Pty) Ltd
· Cipla Medpro South Africa (Pty) Ltd
· Columbia Pharmaceuticals (Pty) Ltd
· CoMED Health (Pty) Ltd
· Deon Schoeman CC
· Dis-Chem Pharmacies Ltd
· Dr Reddy's Laboratories (Pty) Ltd
· DSV Solutions (Pty) Ltd
· Dynachem (Pty) Ltd
· Ecolab (Pty) Ltd
· Eli Lilly (S A) (Pty) Ltd
· Evohealth (Pty) Ltd
· Felbridge (Pty) Ltd
· Ferring (Pty) Ltd
· Forever Living Products South Africa (Pty) Ltd
· Fresenius Kabi Manufacturing SA (Pty) Ltd
· Fresenius Kabi South Africa (Pty) Ltd
· G M Pharmaceuticals (Pty) Ltd
· GlaxoSmithKline South Africa (Pty) Ltd
· Glenmark Pharmaceuticals South Africa (Pty) Ltd
· Goodleaf Company (Pty) Ltd (The)
· Gulf Drug Company (Pty) Ltd
· H H Durrheim (Pty) Ltd
· Herba Zone (Pty) Ltd
· Herbalife International South Africa Ltd
· Hersol Manufacturing Laboratories (Pty) Ltd
· Hymed (Pty) Ltd
· IMBC Investment (Pty) Ltd
· iMvula Healthcare Logistics (Pty) Ltd
· Infection Protection Products (Pty) Ltd
· Ingelheim Pharmaceuticals (Pty) Ltd
· Iszipharm Pharmaceutical Distributors (Pty) Ltd
· Joe Soap CC
· Johnson and Johnson (Pty) Ltd
· Kellogg Company of South Africa (Pty) Ltd
· Kevali Chemical Group (Pty) Ltd
· Lakato (Pty) Ltd
· Leaf Botanicals (Pty) Ltd
· MedCan (Pty) Ltd
· Medichem (Pty) Ltd
· Mega Magic CC
· Merck (Pty) Ltd
· MSD (Pty) Ltd
· National Bioproducts Institute NPC
· Nativa (Pty) Ltd
· NeoLife International (Pty) Ltd
· Nestle (South Africa) (Pty) Ltd
· Netcare Pharmacies (Pty) Ltd
· Netcare Pharmacies 2 (Pty) Ltd
· New Clicks South Africa (Pty) Ltd
· Nkunzi Pharmaceuticals (Pty) Ltd
· Novartis South Africa (Pty) Ltd
· Omnia Holdings Ltd
· Organon South Africa (Pty) Ltd
· P and G South African Trading (Pty) Ltd
· Parceval (Pty) Ltd
· Pfizer Laboratories (Pty) Ltd
· Pharma Dynamics (Pty) Ltd
· Pharmaceutical Enterprises (Pty) Ltd
· Pharmacy Direct (Pty) Ltd
· Pharmacyweb Holdings (Pty) Ltd
· PharmaForce (Pty) Ltd
· Pharmed Pharmaceuticals (Pty) Ltd
· Pick n Pay Stores Ltd
· Platchem (Pty) Ltd
· Prime Cleaning Suppliers (Pty) Ltd
· Ranbaxy (S A) (Pty) Ltd
· Ranbaxy Pharmaceuticals (Pty) Ltd
· Reckitt Benckiser Pharmaceuticals (Pty) Ltd
· Releaf Pharmaceuticals (Pty) Ltd
· Richbay Chemicals (Pty) Ltd
· Roche Products (Pty) Ltd
· S A F I C (Pty) Ltd
· S A Natural Products (Pty) Ltd
· S Buys (Pty) Ltd
· Safarmex (Pty) Ltd
· Safety Chemicals (Pty) Ltd
· Sandoz South Africa (Pty) Ltd
· Sanofi Industries South Africa (Pty) Ltd
· Sanofi-Aventis South Africa (Pty) Ltd
· Shoprite Holdings Ltd
· Solgar South Africa (Pty) Ltd
· Sonke Pharmaceuticals (Pty) Ltd
· South African Nuclear Energy Corporation SOC Ltd (The)
· SPAR Group Ltd (The)
· Specialised Maintenance Products (Pty) Ltd
· Specpharm Holdings (Pty) Ltd
· Spectank (Pty) Ltd
· Tevo (Pty) Ltd
· Tiger Brands Ltd
· Topmed Health Care Distributors (Pty) Ltd
· Touchless Germ Control Western Cape CC
· Transpharm (Pty) Ltd
· Unilever South Africa (Pty) Ltd
· Viatris South Africa (Pty) Ltd
· Vital Health Foods (Pty) Ltd
· Waco Africa (Pty) Ltd
· Wellness Warehouse (Pty) Ltd
· Woolworths Holdings Ltd

For more information about this report visit https://www.researchandmarkets.com/r/wn29bq

*About ResearchAndMarkets.com*
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com
Laura Wood,Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900