Africa might be the only pharmaceutical market left where high growth is still achievable.
In the last decade, the African pharmaceutical industry has increased more than tenfold, which is great news both for pharmaceutical companies as well as for patients, who have gained access to medicines that were previously unavailable in Africa.
Africa’s pharmaceutical markets are growing in every sector. According to a report recently published by McKinsey, prescription drugs are forecast to grow at a compound annual growth rate of 6 percent, generics at 9 percent, medical devices at 11 percent and over-the-counter medicines at 6 percent.
VIEBEG Medical 