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Namibia Pharmaceuticals and Healthcare Report Q1 2017

  • November 2016
  • -
  • Business Monitor International
  • -
  • 50 pages

Includes 3 FREE quarterly updates


BMI View:

While Namibia’s business environment is conducive to foreign direct investment (FDI), the country’s relatively small pharmaceutical market and below-average per capita spending on medicines lowers its competitiveness in the South Africa region. These factors continue to act as a deterrent to multinational pharmaceutical company investment in the local production of medicines. As a result, Namibia is heavily reliant on imports for the majority of its pharmaceuticals needs.

Headline Expenditure Forecasts



- Pharmaceuticals: NAD2.34bn (USD183mn) in 2015 to NAD2.54bn (USD172mn) in 2016; +8.6% in local currency and -6.0% in US dollar terms. Forecast in US dollar terms increased compared to last quarter.

- Healthcare: NAD14.3bn (USD1.12bn) in 2015 to NAD15.7bn (USD1.0bn) in 2016; +9.7% in local currency and -5.0% in US dollar terms. Forecast virtually unchanged from last quarter. Namibia’s Pharmaceutical Risk/Reward Index score for Q117 stands at 36.2 out of 100, making it the 20th most-attractive pharmaceutical market in the Middle East and Africa, same as in Q416. Former Namibian Prime Minister Hage Geingob, now President of Namibia, has been seen to take steps to encourage greater overseas investment in Namibia, which will increase the attractiveness of the market. For example, in April 2014, he made an official visit to China to engage in talks aimed at boosting cooperation and fostering stronger bilateral relations in areas such as trade, industry and commerce.

Table Of Contents

Namibia Pharmaceuticals and Healthcare Report Q1 2017
BMI Industry View 7
Table: Headline Pharmaceuticals and Healthcare Forecasts (Namibia 2014-2020) 7
SWOT 9
Industry Forecast 10
Pharmaceutical Market Forecast 10
Table: Pharmaceutical Sales, Historical Data And Forecasts (Namibia 2012-2020) 12
Healthcare Market Forecast 13
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Namibia 2012-2020) 14
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Namibia 2012-2020) 15
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Namibia 2012-2020) 15
Industry Risk/Reward Index 16
Middle East and Africa Risk/Reward Index - Q1 2017 16
Namibia Risk/Reward Index 24
Rewards 24
Risks 24
Regulatory Review 26
Pharmaceutical Distribution 28
Market Overview 29
Healthcare Sector 30
Research and Development 33
Epidemiology 34
Competitive Landscape 36
Demographic Forecast 39
Demographic Outlook 39
Table: Population Headline Indicators (Namibia 1990-2025) 40
Table: Key Population Ratios (Namibia 1990-2025) 40
Table: Urban/Rural Population and Life Expectancy (Namibia 1990-2025) 41
Table: Population By Age Group (Namibia 1990-2025) 41
Table: Population By Age Group % (Namibia 1990-2025) 42
Glossary 44
Methodology 46
Pharmaceutical Expenditure Forecast Model 46
Healthcare Expenditure Forecast Model 46
Notes On Methodology 47
Risk/Reward Index Methodology 48
Index Overview 49
Table: Pharmaceutical Risk/Reward Index Indicators 49
Indicator Weightings 50

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