2014-01-09 08:29:01 - South Africa Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on companiesandmarkets.com
A deteriorating macroeconomic outlook for the country in 2013 and 2014 will see the consumption of medicines and healthcare services slow in the short-term. Additionally, ongoing depreciation of the South African Rand against hard currencies will have a negative impact on the volume of medicines in circulation. Nevertheless, we believe favourable demographics and the large market size will continue to attract foreign drugmakers in the medium to long term.
Pharmaceuticals: ZAR30.46bn (US$3.71bn) in 2012 to ZAR34.01bn (US$3.52bn) in 2013; +11.7% in local currency terms and -5.1 % in US dollar terms. Forecast slightly lower than Q413 based on revisions to macroeconomic data.
Healthcare: ZAR277.78bn (US$33.85bn) in 2012 to ZAR304.83bn (US$31.56bn) in 2013; +9.7% in local currency terms and -6.8% in US dollar
terms. Forecast broadly in line with Q413.
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