Want international growth? Africa’s set to double pharma sales in 5 years

Thursday, June 18, 2015

Pharma growth in China may be slowing and Europe stalling, but there’s one area where drugmakers might actually achieve some big growth, according to McKinsey & Co. That’s Africa, a mere $4.7 billion market in 2003 and $20.8 billion a decade later.

And now? McKinsey numbers put the African drug market at $52 billion by 2020 – -and as high as $65 billion on the optimistic end of things. Even at the low end of their projections — $40 billion — that’s twice the level of 2013 sales.

Source: Fierce Pharma (link opens in a new window)

Categories
Health Care
Tags
drugs, global health, health care, pharmaceutical industry