Zimbabwe's pharmaceutical sector refers to the industry involved in the research, development, production, and distribution of medications and healthcare products within Zimbabwe. This sector includes both local pharmaceutical companies and international firms operating in the country. It plays a crucial role in providing essential medicines to the population, addressing public health needs, and contributing to the healthcare system.
Top Key Players for the Zimbabwe Pharmaceutical Market:
Bayer AG, CAPS Pharmaceuticals, Pfizer Inc, Plus Five Pharmaceuticals, ZimPharm Graniteside, Pharmanova, Gulf Drug, Datlabs, GlaxoSmithKline PLC, Icon Pharmaceuticals, Varichem, Seasons Pharmaceuticals, Graniteside Chemicals (Pvt) Ltd, Other Major Players.
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Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.
Segmentation Analysis of the Zimbabwe Pharmaceutical Market:
By Drug Type
- Prescription Drugs
- OTC Drugs
By Therapeutic Category
- Cardiovascular Disorders
- Anti-viral
- Respiratory Diseases
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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Market Dynamics and Factors for Zimbabwe Pharmaceutical Market:
Drivers:
Growing Prevalence of HIV And Other Viral Diseases
Zimbabwe has a widespread HIV epidemic, with 1.27 million people living with HIV (PLHIV), including 1.19 million adults and 69,972 children. In 2020, an estimated 1.27 million people were living with HIV, with 5.53 % of them being children aged 0-14. 60.6% of HIV-positive adults aged 15 and above were female. Annual all-cause deaths among PLHIV have decreased over the last decade, with approximately 28,201 all-cause deaths expected in 2020, down from 127,871 in 2003. Total new HIV infections in Zimbabwe have decreased from 98,668 in 2003 to 24,524 in 2020. ART coverage among all HIV-positive adults was 92% for adult men and 93% for adult women by the end of 2020. Children's coverage was slightly lower, at 66%.
Opportunities:
Government Initiatives to Support the Local Pharmaceutical Production
In terms of meeting drug and export requirements, the Zimbabwe Pharmaceutical Industry has proven to be strategic. The sector has thus been prioritized for resuscitation in the National Development Strategy 1 (2021-2025), Zimbabwe National Industrial Policy (2019 - 2023), and the Local Content Strategy to strengthen the local production of essential medicines. Zimbabwe's pharmaceutical industry is made up of nine pharmaceutical companies: CAPS Pharmaceuticals, Varichem Pharmaceuticals, Pharmanova, Datlabs, Plus Five Pharmaceuticals, ZimPharm Graniteside, and Gulf Drug, manufactures human medicines, while Ecomed manufactures veterinary products. These companies account only for 12% of the total medicines consumed as they mostly manufacture generic medicines.
Report includes Competitor's Landscape:
- Major trends and growth projections by region and country
- Key winning strategies followed by the competitors
- Who are the key competitors in this industry?
- What shall be the potential of this industry over the forecast tenure?
- What are the factors propelling the demand for the Action Figures And Statues?
- What are the opportunities that shall aid in significant proliferation of the market growth?
- What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
- How has the covid-19 impacted the growth of the market?
- Has the supply chain disruption caused changes in the entire value chain?
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