2014-03-13 15:21:01 - The Pharmaceutical Market: Tanzania - a new market research report on companiesandmarkets.com
We are encouraged by the fact that the Tanzanian government has placed a greater emphasis on development expenditure, highlighting healthcare as a key area of investment, particularly as the country´s disease burden is set to increase. However, we are concerned by the continued reliance on foreign grants and concessional loans.
Headline Expenditure Projections
Pharmaceuticals: TZS340.1bn (US$214mn) in 2011 to an expected TZS406.0bn (US$257mn) in 2012; +19.4% growth in local currency terms and +19.8% in US dollar terms.
Healthcare: TZS1,792.12bn (US$1.13bn) in 2011 to TZS2,0549.75bn (US$1.30bn) in 2012; 14.4% growth in local currency terms and 14.7% in US dollar terms.
In BMI´s Q113 Risk/Reward Ratings, Tanzania is ranked 19th in the MEA region, above Gabon and below Namibia and Ghana. A sizeable counterfeiting industry,
poor healthcare funding, corruption, regulatory environment deficiencies and a number of other issues will conspire to keep Tanzania in a similarly lowly position in the MEA matrix. Nevertheless, in comparison with many other African markets (most of which are not surveyed by BMI), Tanzania offers more commercial promise and a more stable overall business environment.
The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.
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