Senegal Pharmaceutical Market 2024-2030

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    SENEGAL PHARMACEUTICAL MARKET

     

    KEY FINDINGS

    • In Senegal, there is a real need for a local pharmaceutical industry emergence through creation of new drug companies.
    • In Senegal, where an incentive tax regime does not discriminate between domestic and foreign investors, the pharmaceutical industry is slow to take off because of several factors that couldn’t encourage private investment in creation of pharmaceutical companies.
    • The GOS is prioritizing development of the healthcare sector, including constructing and outfitting numerous public hospitals and clinics across the country.
    • Private firms are developing private health care facilities as well. 
    • Senegal’s supply chain has undergone a series of reforms since the 1980s aimed at improving the availability and affordability of medicines and reducing stock-outs. 
    • Senegal imports over 90% of its medicines and 99% of its vaccines.
    • Government aims to locally produce one-third of required pharmaceuticals by 2030 and half by 2035.
    • The regions of the southern axis, Ziguinchor and Kolda have the same progression. New regions like Sedhiou, Kaffrine and Kedougou are neither attractive nor economically viable at the moment. Furthermore, this innovation could justify the lack of pharmacies in these localities.
    • The pharmaceutical market in Senegal is dominated by generics, which account for over 40% of the market share.
    • The government has created a favorable investment climate by offering tax breaks and other incentives to companies that invest in the pharmaceutical sector.
    • To enable future manufacturing of more vaccines and other pharmaceutical products in Senegal for the local and regional market, the initiative provides assistance to the government and business sectors of that country. 
    •  It is assisting the Ministry of Health and Social Action in putting reforms into place and developing the structures necessary to resurrect the pharmaceutical and vaccine sectors.

     

    SENEGAL PHARMACEUTICAL MARKET OVERVIEW

    In Senegal, these old provisions have been taken over by article L596 of Book V. Pharmaceutical industrial sector is dependent on foreign manufacturers, where 85% of the drug needs are imported.

    In Senegal, where 85 to 90% of drug used are imported, difficulties are related to registration, competition of imported products, and especially the lack of regional purchasing power stations weigh on the local industries.

     

    The GOS actively welcomes cooperation of U.S. companies in the health care sector, including in medical equipment, drone technology, eHealth solutions, and the development of facilities. 

     

    This sector is dominated by European products.  Strong working relationships between the Centers for Disease Control and Prevention (CDC) and USAID’s Health Office and GOS counterparts can benefit U.S. firms by facilitating introductions.

     

    Leading subsectors include X-Ray, scanning, and diagnostic equipment; eHealth systems and solutions; hospital and clinic development and equipment; pharmaceuticals; and innovative solutions such as drone delivery.

     

    Opportunities exist to export specialized equipment.  Several U.S.-based charities and development organizations donate refurbished medical equipment from the U.S. to Senegalese hospitals and medical practices for free. 

     

    In Senegal, despite the aforementioned increase in pharmacy number, the pharmaceutical sector is facing difficulties. According to statistics from private wholesalers, 40% of pharmacies are struggling, and 20 to 25 pharmacies closed each year.

     

    However, apart from this situation, 228 licenses were issued in 6 years for the operation of pharmacies; a positive increase in the number of 21.11%. This growing trend over years shows that the pharmacy sector remains one of the most attractive areas of our profession.

    INTRODUCTION

    Most countries in sub-Saharan Africa, including Senegal, have adopted a model of supplying drugs at no or low cost to their citizenry through a Central Medical Store and Essential Medicines List that aims to procure drugs at reduced cost and distribute them from the central to the local level, through a centralized planning and distribution process.

     

    The Senegalese government is devoted to enhancing the population’s access to necessary medications.A number of programmes, such as price limits and subsidies for necessary medications, have been started to assure affordability and accessibility.

     

    The government is developing a pharmaceutical industrial park that will provide infrastructure and support services to pharmaceutical companies.

     

    Infectious diseases, problems with maternity and child health, and non-communicable diseases are just a few of the public health problems Senegal is dealing with. 

     

    In order to address these issues, the government has established a number of health programmes, including vaccination drives and disease control efforts.

     

    In Senegal, there is a network of pharmacies and medical facilities that provide for the needs of the populace, making the distribution of pharmaceutical items well-organised. To guarantee that everyone has access to medicines, the pharmaceutical distribution system works with both the public and private sectors.

     

    The Institut Pasteur de Dakar is building a new manufacturing plant that will produce vaccines and other essential medicines. This project is being supported by the European Union and other international partners.

     

    The government is providing financial assistance to pharmaceutical companies to help them invest in research and development, production facilities, and marketing.

     

    SENEGAL PHARMACEUTICAL MARKET SIZE AND FORECAST

    infographic: Senegal Pharmaceutical Market, Senegal Pharmaceutical Market Size, Senegal Pharmaceutical Market Trends, Senegal Pharmaceutical Market Forecast, Senegal Pharmaceutical Market Risks, Senegal Pharmaceutical Market Report, Senegal Pharmaceutical Market Share

     

    The Senegal pharmaceutical market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    TRENDS IN SENEGAL PHARMACEUTICAL MARKET

    Senegalese Government Approves New Pharmaceutical Manufacturing Facility:

    In November 2023, the Senegalese government approved the construction of a new pharmaceutical manufacturing facility in Diamniadio. The facility, which is expected to begin production in 2025, will produce a range of essential medicines, including antibiotics, antiretrovirals, and antimalarials. This project is a significant step towards the government’s goal of increasing local production of pharmaceuticals.

     

    Senegalese Government Launches Mobile App for Access to Medicine:

    The Senegalese government has launched a new mobile app called “Allo Docteur” that allows patients to connect with doctors and pharmacists online. The app also provides information on pharmacies, drug prices, and health tips. This initiative is aimed at improving access to healthcare and medication for the Senegalese population.

     

    GIZ Project Supports Development of Senegal’s Pharmaceutical Industry:

    The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) is implementing a project to support the development of Senegal’s pharmaceutical industry. The project provides technical assistance to the government and private sector to help them improve the quality and safety of medicines, increase local production, and develop a sustainable pharmaceutical industry.

     

    SENEGAL PHARMACEUTICAL MARKET NEW PRODUCT LAUNCH

    Johnson & Johnson Launches New HIV Prevention Medication: American multinational company Johnson & Johnson launched its new HIV prevention medication, Cabenuva, in Senegal in May 2023. Cabenuva is a long-acting injectable medication that provides protection against HIV for up to two months.

     

    Pierre Fabre Launches New Anti-Fungal Medication: French pharmaceutical company Pierre Fabre launched its new anti-fungal medication, Luliconazole, in Senegal in March 2023. Luliconazole is a topical cream used to treat fungal skin infections.

     

    Merck Launches New HIV Treatment Regimen: American pharmaceutical company Merck launched its new single-tablet regimen for HIV treatment, Pifeltro, in Senegal in September 2022. Pifeltro combines two antiretroviral drugs into a single tablet, making it easier for patients to adhere to their treatment regimen.

     

    Sanofi Launches New Anti-Malarial Drug: French pharmaceutical giant Sanofi launched its new anti-malarial drug, Krintafel, in Senegal in July 2022. Krintafel is a long-acting injection intended for the treatment of uncomplicated Plasmodium falciparum malaria in adults and children aged six months and older. The drug received approval from the Senegalese Ministry of Health in June 2022.

     

    SENEGAL PHARMACEUTICAL MARKET SEGMENTATION

    Senegal Pharmaceutical Market By Drug Type

    • Branded Drug
    • Generic Drug
    • Over-the-Counter (OTC) Drugs
    • Prescription drugs
    • Vaccines

     

    Senegal Pharmaceutical Market By Distribution Channel

    • Public pharmacy
    • Private Pharmacies
    • Hospitals
    • Informal markets

     

    Senegal Pharmaceutical Market By Therapy Area

    • Cardiovascular diseases
    • Anti-infectives
    • Non-steroidal anti-inflammatory drugs (NSAIDs)
    • Central nervous system (CNS) drugs
    • Respiratory diseases

     

    Senegal Pharmaceutical Market By Geography

    • Urban areas
    • Rural areas

     

    SENEGAL PHARMACEUTICAL MARKET COMPANY PROFILE

    • CFAO Pharmaceuticals
    • Society Africaine de Pharmacie de Distribution (SAPED)
    • Pharmacie Centrale du Senegal (PCS) 
    • Unipharm 
    • La Pharmacie Nationale d’Approvisionnement (PNA)

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What are the key factors driving the growth of the Senegal pharmaceutical market?
    2. What is the projected growth rate of the market over the next five years?
    3. How will the growth of the market vary across different product segments and therapeutic areas?
    4. What is the current level of pharmaceutical imports in Senegal?
    5. What are the government’s plans to increase local production of pharmaceuticals?
    6. What are the challenges and opportunities associated with increasing local production?
    7. How are pharmaceuticals currently distributed throughout Senegal?
    8. What are the challenges to ensuring access to essential medicines, particularly in rural areas?
    9. What are the government’s plans to improve access to pharmaceuticals for all Senegalese citizens?
    10. What are the key regulations governing the pharmaceutical industry in Senegal?
    11. How are these regulations impacting the development and growth of the market?
    12. What are the challenges and opportunities for improving the regulatory environment?
    13. What is the extent of the counterfeit drug problem in Senegal?
    14. What are the risks associated with counterfeit drugs?
    15. What are the key trends that will shape the future of the Senegal pharmaceutical market?
    16. What are the challenges and opportunities that the market will face in the years to come?
    17. How can the government and other stakeholders work together to ensure the sustainable development of the Senegal pharmaceutical market?
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Research Methodology
    4 Executive Summary
    5 Average B2B Price
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Challenges in Senegal Pharmaceutical Market
    14 Impact of Government Policies in Senegal  Pharmaceutical Market
    15 Research and Development in Senegal  Pharmaceutical Market
    16 New product development in past 12 months
    17 Market Size, Dynamics and Forecast by Therapy Area, 2024-2030
    18 Market Size, Dynamics and Forecast by Drug Type, 2024-2030
    19 Market Size, Dynamics and Forecast by Geography, 2024-2030
    20 Market Size, Dynamics and Forecast by Distribution Channel, 2024-2030
    21 Gross margin and average profitability of suppliers
    22 Competitive Landscape
    23 M&A in past 12 months
    24 Growth strategy of leading players
    25 Market share of vendors, 2023
    26 Company Profiles
    27 Unmet needs and opportunity for new suppliers
    28 Conclusion
     
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