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The pharmaceutical industry in Kenya is expanding at a rapid rate and presents enormous opportunities for pharmaceutical companies, manufacturers, and exporters of pharmaceutical machinery to establish themselves in the East African pharmaceutical market.
Kenya currently supplies approximately half of the pharmaceutical products in the COSMEA (Common Market for Eastern and Southern Africa) region, making it the largest manufacturer.
Manufacturers, distributors, and retailers are the three main segments of Kenya’s pharmaceutical industry.
The nation’s health sector is supported by all three segments in a significant way.The number of pharmaceutical companies and pharmaceutical machinery manufacturers continues to rise as a result of the government’s ongoing efforts to attract both domestic and international investment.
The Kenya Pharmaceutical Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
The distribution of pharmaceutical goods in Kenya is handled by the Kenya Medical Suppliers Agency. It deals with the circulation of medications to private and general wellbeing offices.
In Kenya, the pharmaceutical industry has also experienced tremendous growth as a result of the health sector’s remarkable expansion in recent years.
It is a direct result of the public authority’s endeavours to give open wellbeing offices to every one of the residents.
To direct the expansion of the health care sector and the pharmaceutical industry, the nation is concentrating on the education of a growing number of medical professionals.In Kenya, the pharmaceutical industry is also involved in the production of surgical gauze, capsules, and disposable syringes.
Kenya’s government is the largest purchaser of locally produced and imported drugs.
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