INDIAN PHARMACEUTICALS IN EMERGING AFRICAN ECONOMY
Transcript of INDIAN PHARMACEUTICALS IN EMERGING AFRICAN ECONOMY
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Tiwari et al. World Journal of Pharmaceutical Research
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INDIAN PHARMACEUTICALS IN EMERGING AFRICAN ECONOMY
Ku. Sadhvi Tiwari*1
and Amitkumar Patel2
1,2
Department of Pharmaceutical Regulatory Affairs – Graduate School of Pharmacy, Gujarat
Technological University, Gandhinagar, Gujarat, India.
ABSTRACT
India being a global provider of Generic medicines at a competitive
price will escalate its market to more than US$38.3 Billion by 2022.
India should focus on leveraging its pharma export by strengthening its
position in market and making long term strategy. Main aim of this
review is to analyse market potential of Indian Pharmaceuticals in
Emerging African Economy, especially Nigeria, Egypt and Tanzania.
Regulatory Norms for Market Authorization is discussed in brief to
create awareness in stakeholders associated with trade of
pharmaceuticals alert of regulatory procedures in these countries. This
review focuses on exploring trade opportunities in such African
Economies. PESTEL Analysis is done to analyse, economic and trade
indicators. Regulatory norms of these three countries are discussed for
export and marketing. SWOT Analysis indicates higher profit if distribution of
pharmaceuticals are protected from being counterfeit, which is prevalent in these nations.
Exporting Anti-infective and Anti-malarial drugs would give major profit in such regions.
KEYWORDS: Market potential, trade opportunities, regulatory norms, trade indicators,
PESTEL analysis, and SWOT analysis.
INTRODUCTION
Indian pharma market is 3rd
largest in terms of capacity and 13th
largest in terms of value.
Generic drugs constitute about 70% of the market, whereas Over the Counter (OTC) and
patented drugs make up to 21% and 9% respectively. Few African countries are part of
Emerging markets for Pharmaceuticals.[1]
World Journal of Pharmaceutical Research SJIF Impact Factor 8.084
Volume 9, Issue 8, 252-266. Review Article ISSN 2277– 7105
Article Received on
10 June 2020,
Revised on 30 June 2020,
Accepted on 20 July 2020,
DOI: 10.20959/wjpr20208-17962
*Corresponding Author
Ku. Sadhvi Tiwari
Department of
Pharmaceutical Regulatory
Affairs – Graduate School
of Pharmacy, Gujarat
Technological University,
Gandhinagar, Gujarat, India.
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Factors in favour of Indian pharmaceutical market are
Industrialized data services in R&D.
Low regulatory barriers in United States of America (USA) and other countries.
Widespread population aging and sedentary lifestyles causing increased chronic diseases.
High urban pollution levels increasing the incidence of conditions like asthma, lead to rise
in health expenditure.
Reduced taxes & low drug prices.
GDP growth in India.
Emerging economies of world need better access to pharmaceuticals and there is high
demand for treatment of chronic diseases.[2] [3]
Following countries fall under emerging economies
BRICS (Brazil, Russia, India, China & South Africa)
Latin America (Argentina along with Brazil)
Middle East and North African region - MENA (Egypt, Iran, Saudi Arabia and Algeria
mainly)
Sub-Saharan African - SSA region (mainly South Africa, Tanzania, Uganda, Ethiopia,
Democratic Republic of Congo and Kenya)
Nigeria, Chile, Colombia, South Korea, and Turkey etc.
Many African countries are part of Emerging markets for Pharmaceuticals. Bilateral Trade
relation between Indian and Africa helps Indian companies to export their pharmaceuticals in
Africa.[2] [3]
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PESTEL ANALYSIS FOR PHARMA MARKET IN AFRICA[4]
Figure 1: PESTEL Analysis for Pharmaceutical Drug Market: Africa.
PESTEL Analysis provides theoretical insight that Africa can be a potential importer of
Indian Pharmaceuticals due to its exponential growth in economy and population.
Distribution of pharmaceuticals is poorly implemented in countries like Nigeria, Egypt and
Tanzania which are also the countries having huge market potential.
EXPORT POTENTIAL OF PHARMACEUTICALS IN AFRICA[5]
As per Exim India data, India‟s exports of pharmaceutical products to Africa were around
US$2.8 billion in Financial Year (F.Y.) 2017-18 and represented about 22% of India‟s global
exports of pharmaceuticals. South Africa and Nigeria were the leading destinations with a
combined share of 30% in 2017, due to demographic factors and the size of the health care
sector. The export potential for pharmaceutical products to Africa is estimated at US$4.2
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billion. The region with the greatest export potential is Eastern Africa (US$2.3 billion),
followed by Southern Africa (US$637 million)
Figure 2: Export Potential of Pharmaceutical products by region (US$ million)
Pharmaceutical export from India to Africa[5]
[6]
African markets are a natural fit for Indian Pharmaceuticals in, providing low price
competitive drugs. Generic anti-retroviral (ARV) and anti-malarial drugs from India have
helped public health departments to cope with such diseases. Africa as a region accounted for
21.3 per cent in India‟s total exports of drug formulations and biological during the year
2015-16. India‟s Pharma export to Africa in financial year 2018-19 was 3436.44 US$ million
with positive change of 2.67% in whole. South Africa, Nigeria, Kenya and Uganda were
among top 25 pharmaceutical importing countries from India.
Table 1: India’s Top Pharma Exports in Africa.
Exports in African country In US$ million %
Change Rank Country F.Y. 2016-17 F.Y. 2017-18 F.Y. 2018-19
3 South Africa 484.89 582.99 619.08 6.19
6 Nigeria 397.99 466.67 447.95 -4.01
12 Kenya 325.43 254.63 261.01 2.51
24 Uganda 153.57 155.82 177.13 13.68
Table 2: India’s export in 2018-19 of Drugs, Pharmaceuticals & Fine Chemicals for
Major African Region.
Country Export in mn $
Nigeria 447.95
Ethiopia 142.78
Egypt 145.25
Democratic Republic (DR) of Congo 92.31
South Africa 619.08
Tanzania 162.08
Kenya 261.01
Uganda 177.13
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DEVELOPING SCENARIO OF AFRICA
African continent is 2nd
largest and 2nd
most populous in the world. It is responsible for almost
25% of the global disease burden. 70% of all HIV/AIDS patients and 90% of malaria
fatalities are recorded in this continent. Despite of this entire African continent is growing
rapidly and few economies are showing steadfast determination to innovate and grow.[7] [8] [9]
Table 3: Economic Indicators showing growth of Major African Economies.
Country Population
% Change
in
Population
GDP (nominal)
per capita in
US$
Total Health
Expenditure
[US$]
Nigeria 200,963,599 #7 +2.6% 2,049 215
Ethiopia 112,078,730 #12 +2.6% 853 66
Egypt 100,388,073 #14 +2.0% 2,573 495
DR of Congo 86,790,567 #16 +3.2% 449 59
South Africa 58,558,270 #24 +1.3% 6,377 1,086
Tanzania 58,005,463 #25 +3.0% 1,134 32
Kenya 52,573,973 #27 +2.3% 1,857 157
Uganda 44,269,594 # 32 +3.6% 724 139
# World Population
Table 4: Trade Data of Major African Economies.[10] [11]
Country
Import of
Pharmaceuticals
in US$ (2017)
Import of
Pharmaceuticals
from India in US$
(2017)
Import of
Pharmaceuticals/No. of
Population *Total Health
Expenditure
Nigeria 358,040 167,912 0.38
Ethiopia 536,110 124,836 0.32
Egypt 2,187,899 24,977 10.79
Democratic Republic
(DR) of Congo 420,528 581 0.29
South Africa 2,234,654 492,843 41.44
Tanzania 425,233 251,904 0.23
Kenya 518,284 234,185 1.55
Uganda 271,063 140,736 0.85
Inference from Statistical Data
From Economic and Trade Indicators like:
No. of Population: It is clear that Pharmaceutical market size is huge and would
quadruple in upcoming years. Nigeria, Egypt and Tanzania are the countries which would
grow exponentially.
GDP of African Economy: Dominated by countries like South Africa, Egypt, Nigeria,
Kenya and Tanzania. They are highly capable of importing pharmaceutical from India.
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Health Expenditure: Countries like Tanzania, Nigeria and Egypt are not sufficient to
satisfy the needs of public for which they have to rely on private sectors, generating
opportunity to export.
Import: Major emerging economies have their own manufacturing establishments for
most of essential drugs though they import pharmaceuticals in large amount to fulfil its
requirement as Indian medicines are price competitive.
Opportunity for Importing Indian Pharmaceuticals
Bilateral Trade is quite developed between India and African Economy (mainly Nigeria,
Egypt and Tanzania) but regulatory norms to obtain market authorization and various
aspects of importing pharmaceuticals are yet unclear.
Opportunity Index to import pharmaceuticals in such countries is obtained by considering
the ratio of Total Import of Pharmaceuticals to the Total No. of Population multiplied by
Total Health Expenditure.
Opportunity Index to Import Pharmaceuticals = Import of Pharmaceuticals / No. of
Population*Total Health Expenditure
South Africa and Egypt have higher Opportunity Index to Import but regulatory norms of
Egypt is still unclear so it is explained in this review.
Nigeria and Tanzania have considerable Opportunity Index, having higher potential and
requirement to import and market cost effective generic pharmaceuticals. On
understanding the market potential via Economic Indicators and Trade Data three
countries Nigeria, Egypt and Tanzania are selected to study further potential.
SUMMARY OF MAJOR AFRICAN ECONOMY
Summary[12] [13]
Nigeria Egypt Tanzania
• Federal Republic of
Nigeria.
• Diversified West-
African country.
Nicknamed as „Giant of
Africa‟.
• Arab Republic of Egypt.
• A Mediterranean
country, part of Middle
East and North Africa
region.
• The United Republic of
Tanzania, merger of
Tanganyika and
Zanzibar.
• Developing & depends
on agriculture.
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Epidemiology Profile[14] [15] [16]
Nigeria Egypt Tanzania
Non communicable
diseases dominate
HIV- major issue.
UNAIDS - around
3.5mn people suffer
from HIV/AIDS.
Around 500 deaths, reported in
2018 due to HIV/AIDS.
Various diseases of Food/Water,
Vector borne, Animal and
Water contact are prevalent.
Hepatitis, malaria, & typhoid
dominate.
Great burden of
malaria, HIV/AIDs
and tuberculosis.
Around 8, 23, 000
persons with diabetes
in Tanzania.
India's Pharma Export as per Harmonized System (HS) Code in Major African
Economy in US$[11]
Table 5: India’s Pharma Exports in US$.
Product
HS Code Product Label
2018
(Nigeria)
2018
(Egypt)
2018
(Tanza-nia)
3004
Medicaments consisting of mixed or unmixed
products for therapeutic or prophylactic uses put up in
measured doses "incl. those in the form of transdermal
administration" or in forms or packings for retail sale
(excluding goods of heading 3002, 3005 or 3006)
178,493 178,493 111,091
3002
Human blood; animal blood prepared for therapeutic,
prophylactic or diagnostic uses; antisera and other blood
fractions and immunological products, whether or not
modified or obtained by means of biotechnological
processes; vaccines, toxins, cultures of micro-organisms
(excluding yeasts) and similar products
21,900 21,900 10691
3003
Medicaments consisting of two or more constituents
mixed together for therapeutic or prophylactic uses, not
in measured doses or put up for retail sale (excluding
goods of heading 3002, 3005 or 3006)
4,429 4,429 1,296
3006 Pharmaceutical preparations and products 499 499 2,161
3005
Wadding, gauze, bandages and the like, e.g. dressings,
adhesive plasters, poultices, impregnated or covered
with pharmaceutical substances or put up for retail sale
for medical, surgical, dental or veterinary purposes
47 47 171
3001
Dried glands and other organs for organo-therapeutic
uses, whether or not powdered; extract of glands or
other organs or their secretions, for organo-therapeutic
uses; heparin and its salts; other human or animal
substances prepared for therapeutic or prophylactic uses.
0 0 2
PHARMACEUTICAL MARKET IN MAJOR AFRICAN ECONOMY
Nigeria
Pharmaceutical Market in Nigeria[17] [18]
Nigeria is a net importer of medical equipment and prescription medicines, as local
production of medical equipment is limited to peripheral items. For medicines, limited local
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capacity exists in the private sector for over-the-counter drugs especially those for treating
common cold, malaria and headaches. Its Pharma market was around $ 607 mn in 2017 was
dominated by OTC sector (43.1%) & Generic sector (38.9%), rest of the 12% consisted of
patented sector.
India-Nigeria Bilateral Economic & Commercial Relations[19] [20]
India and Nigeria enjoy warm, friendly and deep-rooted bilateral relations. India established
its Diplomatic House in Lagos in November 1958. At present, India is Nigeria‟s largest
trading partner and Nigeria is India‟s largest trading partner in Africa. Overall India-Nigeria
trade and commercial relations remained buoyant and steady.
Current Demand[21]
[22]
On the basis of type, the anti-infective therapeutic segment will lead the total pharmaceutical.
Demand of medical equipment would continuously rise in future. Top priorities for Nigeria‟s
healthcare agenda include: polio eradication, maternal and infant care, malaria control,
pandemic influenza prevention and control, and non-communicable disease prevention,
among others. Nigeria also provides major per cent of the health products consumed in the
Economic Community of West African States (ECOWAS). Like the majority of African
countries, Nigeria's pharmaceutical market is extremely reliant on importing its medicines.
Egypt
Pharmaceutical Market of Egypt[23]
It is one of the strongest Middle East and North African regional markets. Its rapid population
growth and beginning of the universal health insurance system provide a solid longer-term
growth potential. Need to prioritise the use of generics and persistent issues with its
regulatory and intellectual property will hamper multinational interest, as majority of the
population remains unable to buy expensive patented medicines. The growth of the industry
is contingent on high population growth, an expanding generic drug sector, and increased
health awareness.
Egypt maintains a Risk/Reward Index of 44.3 out of 100, remaining above the regional
average of 40.4, making it the 4th most attractive pharmaceutical market in Africa.
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India-Egypt Bilateral Economic & Commercial Relations[18] [24]
Traditionally it is one of India‟s most important trading partners in the African continent. The
India-Egypt Bilateral Trade Agreement has been in operation since March 1978 which has
increased more than five times in last 10 years. India is Egypt‟s 11th
largest trade.
Current demand[21]
The pharmaceutical industry in Egypt is import-dominated in terms of volume as it imports
roughly 90% of raw materials used in domestic production. Its market is dependent on
foreign Active Pharmaceutical Ingredients (API) due to weak domestic manufacturing
capabilities.
Tanzania
Pharmaceutical Market of Tanzania[25]
The market is limited by low per capita spending on medicines and an underdeveloped
healthcare sector. Country lacks facilities to produce API‟s, packaging and excipients. It
imports 89% of medicine, 100% of medical equipment‟s and manufactures 11% of all
pharmaceuticals. Its pharmaceutical market is among the largest in Sub-Saharan Africa,
valued at US$ 496 mn, with per-capita drug expenditure at just over US$ 8.7 in 2017.
Forecast show that it would reach $730 mn by 2022 with CAGR of 8%, fairly modest in
global terms and even by regional standards. Due to low purchasing power, generic drugs
comprise the majority of its pharmaceuticals market.
India-Tanzania Bilateral Economic & Commercial Relations[26]
India and Tanzania enjoy a vibrant business and commercial relationship. India is a leading
trading partner of Tanzania.
Current demand[25]
Demand for medicine will increase over the long-term, driven by the country‟s rapidly
expanding population and high disease burden. Pharma sector will be dominated by generic
drug, with a majority coming from India. Tanzania imports majority of its medicines from
India, Kenya and the US, accounting for over 80% of the market in 2016.
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REGISTRATION & LICENSING REQUIREMENTS[22] [25] [27] [28] [29]
Table 6: Registration and licensing requirements in selected countries.
Requirements Nigeria Egypt Tanzania
Regulatory
Authority
National Agency for Food
and Drug Administration
& Control (NAFDAC)
Egyptian Drug
Authority (EDA)
Tanzania Food and
Drugs Authority
(TFDA)
Website http://www.nafdac.gov.ng/
http://www.eda.
mohp.gov.eg/
https://www.tfda.go.tz/
Fees USD 1100 EGP 10, 000. 2000 USD
Duration 12 Months 12 Months 12 Months
Dossier Format Non Common Technical
Dossier (CTD) CTD CTD
Local agent/
Subsidiary Subsidiary Local agent Local Agent
Registration steps in Nigeria[30]
Figure 3: Registration steps for drug at NAFDAC.[30]
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Registration steps of Egypt[30]
{15 Working Days} {30 Working Days} {60 Working Days}
Figure 4: Human Drug Registration Work flow Over View in Egypt.
DOCUMENTS ESSENTIAL FOR REGISTRATION[22] [28] [29] [30]
Nigeria Egypt Tanzania
Drug Registration Form Appointment request Cover letter
Application letter Application letter Application Form
Contract Manufacturing
Agreement
Contract Manufacturing
Agreement -
Manufacturing Licence
Manufacturing License/
Certificate (for India and
China Only).
Medicinal product dossier
as per requirements and
formats
Certificate of Pharmaceutical
Products (CoPP) CoPP; WHO Format
Original CoPP (WHO
Format)
Certificate of Registration of
Brand Name
Brand Letter Confirmation,
issued by manufacturer
Adequate quantity of
samples
Certificate of Business
Incorporation.
A letter of invitation to
inspect the factory abroad. A site master file
Certificate of Analysis (CoA).
CoA: issued by the
manufacturer with the
name & designation of
analysts.
Certificate of Analysis
(CoA).
Pharmacists License Pharmacists License Pharmacists License
Pharmaceutical Premises License Pharmaceutical Premises
License
Pharmaceutical Premises
License
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Dossier in CTD Dossier in CTD Dossier in CTD
GMP Invitation letter
Current Good
Manufacturing Practice
(cGMP) Certificate of the
manufacturing facility.
-
Notarized Declaration - -
Copy of Expiring
Certificate/License – Renewal
Application
Copy of Expiring
Certificate/License –
Renewal Application
Copy of Expiring
Certificate/License –
Renewal Application
SWOT ANALYSIS[22] [25] [27]
Nigeria Egypt Tanzania
Strength
No primary base
industries.
Zero tariffs are applied
to imported medical
equipment, pharma
manufacturing
machinery and
packaging materials.
Government aims to expand
access to good quality
medicines.
It is the largest consumer of
Pharmaceuticals in the
MENA region.
High rate of population
growth & urbanisation.
Pharma expenditure fares
well against other
countries in SSA.
Weakness
Huge market gaps.
Government lacks the
capacity to undertake
painstaking inspections,
testing and reviews,
clearance of imports are
typically little delayed.
An undesirable pricing
scheme.
The drug regulatory system is
complicated, with
overlapping responsibilities
and a general lack of
transparency.
Low Purchasing power.
Regulatory uncertainty and
inadequate healthcare
services.
Opportunity
Demand of Anti-
infective drugs.
Government lacking
funds to implement its
health sector plans, the
private sector is
emerging as the
indispensable player to
improve Nigeria‟s
healthcare fortunes.
Gateway to other Middle-
East, Asia and African
countries.
Government is continuously
working to make business
environment more attractive
in order to attract investor.
Self-medication is
prevalent, OTC an
attractive market.
Good scope to associate
with local companies for
manufacturing (re-packing
is also considered as
manufacturing), would
help addressing sub-
Saharan markets.
Threat
Distribution of counterfeit
drugs.
Poor infrastructure of
pharmaceuticals.
Drug pricing policy biased
towards local producers.
Stringent drug registration
policies and procedures.
Counterfeiting industry,
corruption, regulatory
environment deficiencies.
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CONCLUSION
From the statistical data we can understand that African regions will have a huge market
potential due to spontaneous increase in its population. These countries do not have basic
facility to produce Active Pharmaceutical Ingredients, for which they rely upon export from
India and other countries. From WHO life expectancy data we can reach to a conclusion that
there is exponential demand of Anti-infective and Anti-malarial drugs. These countries are in
search of affordable and quality medicines for their citizens. Profit margins are high when
pharmaceuticals are imported so traders are more involved in importing rather than producing
locally. PESTEL Analysis marks huge market potential in such region. Regulatory norms for
registration of pharmaceuticals and obtaining marketing authorization are still unclear in
Indian exporters, so important points are highlighted over here. SWOT Analysis indicate that
profit margin will be huge if pharmaceuticals exported from India will be protected from
Illicit Trafficking of drugs.
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