South Africa Pharmaceutical industry to Grow 22% by 2013

Feb. 20, 2010 - PRLog -- According to our new research report “South African Healthcare Market Analysis”, the pharmaceutical industry in South Africa has been continuously growing despite the concerns of drug inflation. The pharmaceutical industry future remains pleasantly buoyant and it is expected to grow at a CAGR of around 22% during 2010-2013. The optimistic outlook for the industry is based on the fact that private players are making intensive investments.

We have done an extensive research and prudent analysis of the South African pharmaceutical industry in order to understand the factors that will continue to serve as growth driver for the pharma market in South Africa over the forecast period (2010-2013). We have found that several factors such as growing healthcare spending and burden of diseases (HIV/AIDS, TB, Diabetes, etc.) have boosted the usage of high-priced drugs in the country. Moreover, there will be high demand for primary health care level drugs such as generics, antibiotics and OTC drugs in coming years owing to the fact that a number of drugs will lose their patents. The report also gives insight into the role of government to regulate the pharmaceutical companies in South Africa. Besides, several other factors propelling growth in the pharmaceutical industry have been thoroughly evaluated in the report.

Our research indicates that the South African healthcare industry has an immense growth potential and is in the initial stages of development. There is a high demand for hospitals services and healthcare professionals. The country is highly dependent on imported drugs, thereby giving room to private players to set up their own manufacturing bases. It also gives an overview of the factors that may hinder healthcare industry growth in coming years.

“South African Healthcare Market Analysis”" provides a thorough research and rational analysis along with reliable statistics of the South African healthcare industry. It covers major industries, segment-wise break up and information about major emerging segments. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM248.htm

Check DISCOUNTED REPORTS on: http://www.rncos.com

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.