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HOME >> Africa & Middle East


Africa and Middle East

West Africa is a region  growth in the middle east pharma market.

WEST AFRICA’S PHARMACEUTICAL MARKET PROFILE


West Africa is a region with about 250 million people, comprising of Nigeria, Ghana, Cote D Voire, Togo, Niger among others. The sub-region is almost a third of the whole of Africa.

The West Africa Pharmaceutical Industry consists of Manufacturers and Importers of pharmaceutical. Imports of pharmaceutical finished products accounts for over 60% of the pharmaceutical industry.

There is a strong presence of pharmaceutical manufacturers in the sub-region, there are currently over 200 active manufacturers of pharmaceutical in West Africa.

According to IMS forecast, Nigeria’s Pharma business is worth about $2.5 billion serving 150 million Nigerians. The pharmaceutical market in West Africa has been growing at between 5% - 7% annually. The market is expected to rise steadily in the next few years.

Highlights:
1. Global Pharma Market Scenario
2. Challenges and Opportunities of West African Pharma Industry
3. Strategic Alliances and M & A in the Pharma Industry
4. Distribution / Logistics in the pharmaceutical industry
5. Active raw ingredients for pharmaceutical production
6. Pharmaceuticals for special diseases
ABOUT PHARMA WEST AFRICA 2008

Pharma West Africa 2008 is an International Exhibition and Conference focusing on pharmaceutical equipments, raw materials, active ingredients, processing machinery, packaging machinery, equipments and related services for the Pharma sector to be hosted in Nigeria at the Yar’Adua International Conference Centre, Abuja. Pharma West Africa 2008 is an International trade exhibition targeting international manufacturers and traders interested in the African market. It is a trade event brings together the industry’s most respected leaders, associations and government agencies to discuss how to effectively manage cost efficiency.
It is a trade Expo that will put you on the leading edge and provide you with new exciting opportunities you will not find anywhere else at one place at one time.

EVENT NEWS

Pharma West Africa & 1st Pharmaceutical Manufacturer’s Day
Dates : June 4th – 6th, 2008
Time : 9am – 5pm
Venue : Shehu Musa Yar’Adua Conference Centre, Abuja.
Address : One Memorial Drive, FCT, Abuja
Organizer : Global Resources & Projects (Nig) Ltd
Supported by : Pharmacy Society of Nigeria (PSN)
Federal Ministry of Health, Nigeria
Pharmaceutical Manufacturers Group of MAN
Association of Pharmaceutical Importers of Nigeria
National Agency for Food and Drug Administration & Control
West African Pharmaceutical Manufacturers Association
Us Embassy
French Embassy

Middle East pharma market in near future

The pharmaceutical and biotechnology markets of the Middle East countries that are currently valued at more than $12 billion are forecasted to boom in the near future, reported Pharma Times.

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According to PharmaTimes, the introduction of mass health insurance, liberalization initiatives and the Middle East governments's desire to become self-sufficient in pharmaceuticals production may herald a prospective future for the global drug makers. Increased access to generics and innovative new medicines due to spread of health insurance and rise in chronic diseases are also believed to create wide opportunities of growth in the middle east pharma market.

The Middle East pharmaceutical market is expected to grow around 10%-15% annually compared to less than 5% a year growth predicted in the mature markets of the US and Europe. Initiatives like offering free zones to overseas firms, including 100% ownership and tax benefits, to set up within developments such as Saudi Arabia's $534 million King Fahd Medical City in Riyadh and the Dubai Biotechnology and Research Park, are expected to fuel rapid growth in the region's overall market for biotechnology
products.

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