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(Medical-NewsWire.com, August 18, 2016 ) OVERVIEW OF THE PHARMACEUTICAL MARKET IN ZAMBIA
The majority of investment in Zambia's healthcare market stems from international aid agencies - so the news that the government has increased its allocation for healthcare spending in the 2013 budget will be well received by both NGOs and international investors as a sign that Zambia is taking its commitment to healthcare seriously. The country suffers from a burden of both communicable and non-communicable diseases, with a high incidence of HIV and AIDs, malaria, and problems such as cholera emerging in Q4 12, but it is making progress. The government claims it has already met its millennium development goals for turbercolosis, and is on target to meet other healthcare goals. Risks remain, such as the presence of counterfeit and substandard drugs, and the reliance on copper export means Zambia's economy has a narrow base.
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Headline Expenditure Projections
Pharmaceuticals: ZMK951bn (US$196mn) in 2011 to ZMK1,095bn (US$207mn) in 2012; +15.1% in local currency terms and +5.7% in US dollar terms. Forecast lowered slightly from Q4 12.
Healthcare: ZMK5,347bn (US$1.10bn) in 2011 to ZMK6,290bn (US$1.19bn) in 2012; +17.6% in local currency terms and +8.0% in US dollar terms. Forecast lowered slightly from Q4 12.
Risk/RewardRating
In Q1 13, Zambia remained steady at 21st best market in the MEA region in BMI's proprietary Risk/Reward Ratings (RRR) matrix with a score of 39.6.
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Table of Content
BMI Industry View7
SWOT9
Political10
Economic11
Business Environment13
Industry Forecast15
Pharmaceutical Market Forecast15
Table: Pharmaceutical Sales, Historical Data And Forecasts (Zambia 2010-2018)16
Healthcare Market Forecast17
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Zambia 2010-2018)20
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Zambia 2010-2018)21
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Zambia 2010-2018)22
Macroeconomic Forecasts23
Table: GDP By Expenditure (Zambia 2011-2018)26
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