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Generic Pharmaceuticals Offer Exciting Growth Opportunities in Tanzania Reveals Frost & Sullivan - The pharmaceuticals market in Tanzania presents significant growth opportunities for local companies. Generic drug production is driving prices down, resulting in higher uptake
Generic Pharmaceuticals Offer Exciting Growth Opportunities in Tanzania Reveals Frost & Sullivan

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2009/04/16 - The pharmaceuticals market in Tanzania presents significant growth opportunities for local companies. Generic drug production is driving prices down, resulting in higher uptake.

   
 
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New analysis from Frost & Sullivan (medicaldevices.frost.com), Strategic Analysis of the Healthcare Industry in Tanzania, finds that the pharmaceutical market earned revenues of $105.0 million in 2007 and estimates this to reach $188.0 million in 2014.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brief brochure will be sent to you by email.

"Growth in the Tanzanian pharmaceuticals industry will be boosted by the expected decline in drug prices, due to the increased availability of generic drugs," notes Frost & Sullivan Research Analyst Ishe Zingoni. "This would facilitate higher uptake of drugs and promote the local manufacturing industry."

Government support has been crucial in stimulating the infant local pharmaceuticals sector. Localisation of drug manufacturing is driving prices of some drug classes down, and as the industry reaches sufficient economies of scale, prices are predicted to further decrease.

The main restraint in this market is the intensifying level of competition from low cost imports. Local manufacturing is also hindered extensively by the lack of technical skills in production.

"Manufacturers in Tanzania cannot get local expertise and, therefore, rely on Indian and British expatriates for the technical aspects of production," adds Zingoni. "Local employees only focus on packaging and labeling processes."

Some local manufacturers are entering strategic agreements with Thai partners to facilitate technical skills transfer and procure raw materials. Together with their partners, Tanzanian companies are increasingly investing in generating local expertise through training programmes.

Strategic Analysis of the Healthcare Industry in Tanzania is part of the Medical Devices Growth Partnership Service programme, which also includes research in the following markets: Strategic Analysis of the Healthcare Industry of Kenya, Key Infectious Diseases Markets in East Africa, Strategic Analysis of Oncology Services in Key Sub-Saharan African Countries and, Infectious Disease Pharmaceutical Markets in key Sub-Saharan African Countries. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents.

Strategic Analysis of the Healthcare Industry in Tanzania / M2F4

 
 
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Generic Pharmaceuticals Offer Exciting Growth Opportunities in Tanzania Reveals Frost & Sullivan

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Medical Devices | Frost & Sullivan
Publisher Contact: Patrick Cairns 
+27 18 468 2315 patrick.cairns[.]frost.com
 
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