Health & Safety Industry Today
South Africa Biopharmaceuticals Market to Gear Up by 12% to Reach $2.21 Billion by 2028 – Arizton
Arizton publishes the latest research reports, South Africa Biopharmaceuticals Market – Industry Outlook & Forecast 2023-2028. The South Africa biopharmaceuticals market to reach USD 2.21 billion by 2028, growing at a CAGR of 12.30%.
[194 Pages Report] The Report includes an industry analysis report, regional outlook, growth potential, price trends, competitive market share & forecast for 2023–2028.
About the Report
“Glance through the South Africa biopharmaceuticals market report of more than 194 pages comprising 28 tables and 76 exhibits to develop a deep understanding of the industry.”
The South Africa biopharmaceuticals market is provided for the forecast years 2023 to 2028 and a base year of 2022. The industry is segmented by product and therapy area for the years considered. The report provides a holistic approach to the industry, enabling customers to analyze the market thoroughly.
“For further information and clarifications on the market, analyst discussion can also be arranged at the feasibility of the client.”
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South Africa shows promising signs in its efforts to bolster local biopharmaceutical production, reflecting the country's commitment to advancing its healthcare capabilities and contributing to the growth of the pharmaceutical industry. These positive developments stem from various factors, including government support, collaborations between academia and industry, technological advancements, and a growing focus on R&D. Strong support from the South African government is one of the primary drivers behind the promising signs for local biopharmaceutical production. The government implemented policies and incentives to encourage investment in the pharmaceutical sector, focusing on developing local manufacturing capabilities. Tax breaks, grants, and intellectual property protections foster an environment conducive to the growth of the biopharmaceutical industry. Collaborations between academia and industry are pivotal in advancing local biopharmaceutical production in South Africa. Research institutions and universities are actively conducting cutting-edge R&D in biotechnology and life sciences. Collaborations with industry partners enable the translation of research findings into practical applications, facilitating the development of new drugs, vaccines, and biopharmaceutical products.
Vaccines are a crucial biopharmaceutical product that helps prevent infectious diseases by inducing immunity against specific pathogens. Traditional vaccines use inactivated or weakened forms of the pathogen, while modern vaccines increasingly incorporate recombinant proteins or genetic material to elicit an immune response. The COVID-19 vaccines developed using mRNA technology are a groundbreaking example of how biopharmaceuticals can respond rapidly to emerging global health threats. From mABs and recombinant proteins to vaccines, CGTs, biosimilars, and biopharmaceuticals continue to shape modern healthcare and hold immense promise for the future of medicine. The biopharmaceutical industry is poised to bring forth even more transformative treatments, paving the way for a healthier and more prosperous future as research and technological advances continue to unfold.
In 2022, the infectious diseases segment accounted for a 43.13% share of the South Africa biopharmaceuticals market. Infectious diseases are a significant public health concern in South Africa, posing challenges to the healthcare system and population. The country's biopharmaceuticals market is crucial in addressing these challenges by providing innovative and effective treatments and preventive measures against infectious diseases. South Africa faces various infectious diseases, including HIV/AIDS, tuberculosis, malaria, and vaccine-preventable illnesses. HIV/AIDS is one of the most pressing health issues in the country, with a high prevalence rate and a significant impact on morbidity and mortality. Tuberculosis is another major concern, with South Africa having one of the highest burdens globally. Malaria, although more prevalent in specific regions, remains a significant public health challenge, particularly in the northeastern parts of the country.
The South Africa biopharmaceuticals market is a dynamic and rapidly growing sector, driven by increasing healthcare needs, a rising burden of chronic diseases, and advancements in medical research and biotechnology. The industry is characterized by intense competition among pharmaceutical companies vying for a share in this lucrative and critical industry.
Companies operating in the market diversify their product portfolios to cater to a broad range of medical conditions. A diverse portfolio allows companies to address therapeutic areas and leverage growth opportunities. Further, collaboration, expansion, and new product launches are essential strategies that companies in the South Africa biopharmaceuticals market use to strengthen their presence, accelerate growth, and meet the evolving healthcare needs of the population. Several companies have embraced these approaches to foster innovation and enhance their industry position. For instance, Johnson & Johnson partnered with leading South African research institutions and academic centers to collaborate on research projects on infectious diseases, HIV/AIDS, and tuberculosis. These collaborations aim to advance scientific knowledge, develop new treatments, and address healthcare challenges specific to the region.
Key Company Profiles
- F. Hoffmann-la Roche
- Johnson & Johnson
- Merck & Co.
- Novo Nordisk
- Eli Lilly and Company
- Teva Pharmaceutical Industries
- Monoclonal Antibodies
- Recombinant Proteins & Hormones
- Tissue, Cell & Gene Therapies
- Infectious Diseases
- Inflammation & Immunology
- Other Therapy Areas
Key Questions Answered in the Report
- How big is the South African biopharmaceuticals market?
- What is the South Africa biopharmaceuticals market's projected growth rate?
- Who are the key players in the South Africa biopharmaceuticals market?
- What are the rising trends in the South African biopharmaceuticals market?
- Which therapy area holds the most significant South African biopharmaceuticals market share?
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