...drug market with a -.- CAGR over the same time period. ...drug market with a -.- CAGR over the same time period. Growth forecasts are in local currency terms that are aggregated from the country-level US dollar proportions, which have been equalised to minimise currency fluctuations using a time series-weighted calculation. Sub-Saharan Africa s pharmaceutical market will post a five-year CAGR of -.- in USD terms and -.- in EUR terms. ...An increase in public and private sector funding will provide opportunities for domestic drugmakers to expand their manufacturing capacities over the coming years.
...Growth forecasts are in local currency terms that are aggregated from the country-level US dollar proportions, which have been equalised to minimise currency fluctuations using a time series-weighted calculation. SSA s healthcare market will post a five-year CAGR of -.- in USD terms and -.- in EUR terms. The region s growth in healthcare expenditure will be supported by governments drive towards achieving universal healthcare coverage status. As such, an increasing number of SSA governments are rolling out national health insurance schemes, which will continue to expand across the region as governments increasingly acknowledge the benefits of having healthy populations and the positive direct impact they have on economic growth. In turn, this will encourage greater public-private sector contributions, boosting expenditure on healthcare services. However, uneven distribution of health services, inadequate infrastructure and a shortage of qualified workers will continue to weigh on growth within SSA s healthcare market.
...BMI View: The rise in chronic diseases, population growth and increasing levels of urbanisation will be important driving factors behind healthcare spending in Sub-Saharan Africa. Health insurance schemes will continue to expand across the region, driven by strong economic growth potential and an unrivalled need for improving healthcare delivery and quality nationwide. ...BMI View: The rise in chronic diseases, population growth and increasing levels of urbanisation will be important driving factors behind healthcare spending in Sub-Saharan Africa. Health insurance schemes will continue to expand across the region, driven by strong economic growth potential and an unrivalled need for improving healthcare delivery and quality nationwide. However, a shortage of healthcare infrastructure and access to services in rural areas will hamper market growth over the long term. ...
