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South Africa Pharmaceutical Market to Grow 14% During 2010-2013 Says New Report - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report
South Africa Pharmaceutical Market to Grow 14% During 2010-2013 Says New Report

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/03/26 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report.

   
 
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According to the report “South African Healthcare Market Analysis” available at the South African healthcare industry is expected to sustain its growth pace in the near future owing to the burden of diseases and poor demographic conditions which will create demand for better healthcare facilities. The demand and supply of drugs is an important factor that has boosted growth in the healthcare industry and attracted many private players to bid for tenders for the supply of essential drugs to the public healthcare facilities. Moreover, the South Africans have become more health conscious, leading to an increase in the usage of more expensive therapies and high innovative products.

The 75 page report says, there will be strong demand for primary health care level drugs such as generics, antibiotics and OTC in coming years since a number of drugs are due to lose their patents. As a result, the pharmaceutical industry is expected to grow at a CAGR of 14% during 2010-2013. Moreover, clinical trials conducted by the private players make South Africa an ideal destination for research. This will draw the attention of world's leading healthcare providers and make the South African healthcare sector a lucrative area for further investments.

The report “South African Healthcare Market Analysis” is available from Report Buyer

Report Buyer product ID: RCS00674

About Report Buyer

Report Buyer (ReportBuyer.com) is the independent online store for global business information. The website now lists more than 120,000 company overviews, market research reports, industry studies and business books from over 300 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.

 
 
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South Africa Pharmaceutical Market to Grow 14% During 2010-2013 Says New Report

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