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Uganda pharmaceutical market: Latest market research analysed
The Pharmaceutical Market: Uganda - a new market research report on 2014-03-13 15:23:01
While geographic diversification and investment into the pharmaceutical and healthcare sector of emerging economies such as Uganda may be a favourable strategy for any multinational pharmaceutical company - it is vital that a company recognises both the rewards and the risks present in a market. With regards to assessing risks in the Ugandan healthcare sector, we have identified industry specific dangers (such as low per-capita spending and poor access to healthcare facilities) and those emanating from the state´s political/economic profile (such as high inflation) that call into question the likelihood of anticipated returns being realised over the assessed time period.

Headline Expenditure Projections

Pharmaceuticals: UGX676bn (US$268mn) in 2011 to UGX794bn (US$322mn) in 2012; +14.8% growth in local currency terms and +17.3% in US dollar terms.

Healthcare: UGX3,942bn (US$1.56bn) in 2011 to UGX4,519bn (US$1.83bn) in 2012; 14.6% growth in local currency terms and 17.1% in US dollar terms.

Risk/Reward Ratings

In BMI´s Q1 13 BERs, Uganda is ranked 24th in the Middle East and Africa (MEA) region. While factors such as population growth and increasing healthcare needs will create a growing demand for pharmaceuticals, we note that a sizeable counterfeiting industry, poor healthcare funding, corruption, regulatory environment deficiencies and a number of other issues will conspire to keep Uganda in a similarly low position in the MEA matrix over the coming months.

Competitive Landscape

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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