NAMIBIA PHARMACEUTICAL MARKET

INTRODUCTION

As Namibians slowly return to their pre-pandemic lifestyles, the absence of Covid-19 lockdown measures and an increasing vaccination rate have increased consumer confidence.

The Namibian Competition Commission's investigations into how much medicine costs in the country show that there is more and more regulation of the local pharmaceutical industry.

Since Namibia will continue to be a risky market for retailers and drugmakers due to ambiguous industry regulations, this will likely contribute to the country's growing negative trade balance.

The Namibia pharmaceutical market is being driven by rising urbanisation, increased healthcare capacity, and favourable business conditions.In order for early adopters to gain a competitive advantage, they need to concentrate on small areas of growth, where a lot of opportunities exist.

As global pharmaceutical companies need local business partners like manufacturers, packaging companies, and distributors in order to help them navigate the continent's many markets, with their widely varying consumer preferences, price points, and manufacturing and distribution infrastructures, the "to win strategies" are addressing supply and distribution challenges, strengthening teams, and forging partnerships.

NAMIBIA PHARMACEUTICAL MARKETSIZE AND FORECAST

The Namibia Pharmaceutical Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

NAMIBIA PHARMACEUTICAL MARKETNEW PRODUCT LAUNCH

The Namibian pharmaceutical manufacturer Fabupharm Products stated that they will be introducing new products to the market throughout the course of the year.

The Suplimax Charcoal Capsules, Suplimax Joint Pain Relief, Suplimax Fibrelle Capsules, the Ideal for Baby range, and the FabupharmPlus cream range will be among the new products that will be introduced to the market. 

The products are 100% locally pharmaceutical manufactured, and Fabupharm's revenue grew in the last financial year, due to investment in the manufacturing plant, and the number of employees has since grown. 

The High Performance Liquid Chromatograph, an essential piece of laboratory equipment, will be the primary focus of Fabupharm's investment in new and upgraded equipment.The heat, ventilation, and air handling system, as well as the bottling and water purification plants, will also be upgraded and expanded.

Fabupharm distributes its products to retailers such as Shoprite, Checkers, Pick n Pay, and Woermann & Brockand  also sell to all private pharmacies, pharmaceutical wholesalers, and informal markets such as Cuca shops, and sadly entities such as Clicks, JetMart, Edgars.

NAMIBIA PHARMACEUTICAL MARKETCOMPANY PROFILE

• Doré Pharmaceuticals (Pty) Ltd
• Strides Pharma Namibia Pty Ltd
• Continental Pharmacy Windhoek Namibia
• Namibia Pharmacy
• Erongo Med
• Nampharm
• Fabupharm Pty Ltd
• DYNAPHARM NAMIBIA
• Geka Pharma
• Living Brands
• Esteria Pharmacy
• Medicine World Pharmacy Maerua
• Maerua Lifestyle Pharmacy
• Medicine World Pharmacy
• Shipanga Medical Services
• Biotech Laboratories (Pty) Ltd
• Mundipharma (Pty) Ltd

NAMIBIA PHARMACEUTICAL MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perNamibia Pharmaceutical Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aPharmaceutical MarketinNamibia?
3. How manyNamibia Pharmaceutical Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aNamibia Pharmaceutical Marketand key vendor selection criteria
6. Where is theNamibia Pharmaceutical Marketmanufactured? What is the average margin per equipment?
7. Market share ofNamibia Pharmaceutical Marketmanufacturers and their upcoming products
8. The most important plannedNamibia Pharmaceutical Marketin next 2 years
9. Details on network of majorNamibia Pharmaceutical Marketand pricing plans
10. Cost advantage for OEMs who manufactureNamibia Pharmaceutical Market in-house
11. 5 key predictions for next 5 years inNamibia Pharmaceutical Market
12. Average B-2-BNamibia Pharmaceutical Marketprice in all segments
13. Latest trends inNamibia Pharmaceutical Market, by every market segment
14. The market size (both volume and value) ofNamibia Pharmaceutical Market in 2024-2030 and every year in between?
15. Global production breakup ofNamibia Pharmaceutical Market, by suppliers and their OEM relationship