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Follow on Google News | "Nigeria Pharmaceuticals & Healthcare Report Q4 2010" now available at Fast Market ResearchRecently published research from Business Monitor International, "Nigeria Pharmaceuticals & Healthcare Report Q4 2010", is now available at Fast Market Research
BMI identifies a number of key risks for pharmaceutical sector development in Nigeria: the weak regulatory environment; The population is expected to reach 166mn by 2014, while real GDP growth will continue just above 7% for the next five years. Unemployment is set to remain high, and will be 14.6% of the total labour force by 2014, although this is on a slow downward trend. High unemployment points to lower purchasing power, which means that we estimate per-capita spending on pharmaceuticals at a meagre US$4 in 2009, rising to US$8.3 by 2014. This is a marginal improvement, but indicates serious underlying irregularities in income distribution, particularly from the key oil sector. On the upside, low drug spending by a large population is still attractive to drugmakers, particularly those with generic medicines and essential over-the-counter (OTC) drugs. The latter is significant - analgesic OTC drugs feature heavily in terms of sales volumes and BMI believes spending in this segment will continue to be just under one-fifth of total pharmaceutical spending in Nigeria over the medium term. We also consider Nigeria to be very much in the stages of high essential medicine demand, which is a key reason for the OTC market comprising a generous proportion of all medicine expenditure. Despite the risks, there are evidently opportunities - Canadian drugmaker Valuben Pharmaceutical has recently stated its interest in forming a public-private partnership with the Nigerian government in the Living Spring Pharmaceutical firm. Valuben's experience in establishing operations abroad has led the firm to prospect the country and the Nigerian firm, in turn, stands to benefit from knowledge transfer. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Nigeria Pharmaceuticals And Healthcare Industry SWOT - Nigeria Political SWOT - Nigeria Economic SWOT - Nigeria Business Environment SWOT Pharmaceutical Business Environment Ratings - Table: Middle East And Africa Pharmaceutical Business Environment Ratings, Q410 - Rewards - Risks Nigeria - Market Summary Regulatory Regime - Recent Regulatory Developments - Intellectual Property Regime - Counterfeit Drugs - Recent Developments in Regards to Counterfeit Drugs - Table: Implementation Key To Success Now - Pricing And Reimbursement Regime Industry Developments - Epidemiology - Maternal and Child Health - Communicable Diseases - HIV/AIDS - Recent Infectious Diseases Developments - Healthcare Financing - Healthcare Provision - Recent Healthcare Sector Developments - Healthcare Reforms - Health Insurance - Table: Nigeria's National Health Insurance Scheme (NHIS) Key Facts - Traditional African Medicine - National Drug Policy - Pharmaceutical Distribution - Medical Devices - Recent Developments In The Medical Devices Market - Table: Nigeria Free Zones: Key Incentives - Clinical Trials Industry Forecast Scenario - Overall Market Forecasts - Key Growth Factors - Industry - Key Growth Factors - Macroeconomic - Table: Nigeria - Economic Activity - Prescription Drug Market Forecast - Patented Drug Market Forecast - Generic Drug Market Forecast - OTC Medicine Market Forecast - Pharmaceutical Trade Forecast - Other Healthcare Data Forecasts - Key Risks To BMI's Forecasts Competitive Landscape - Pharmaceutical Industry - Domestic Pharmaceutical Sector - Recent Domestic Company Developments - Foreign Pharmaceutical Sector - Recent Foreign Company Developments - Research and Development Company Monitor - Indigenous Producers - Nigerian-German Chemicals PLC (NGC) - Emzor - Fidson Healthcare - Archy - Neros Pharmaceuticals - Drugfield Pharmaceuticals Limited - Neimeth - Multinational Company Profiles - Pfizer - Novartis - Sanofi-Aventis - GlaxoSmithKline (GSK) - Merck & Co Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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