South Africa Healthcare, Regulatory and Reimbursement Landscape Report 2016 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- Research and Markets has announced the addition of the "Country Focus: Healthcare, Regulatory and Reimbursement Landscape - South Africa" report to their offering.

In 2015, the government spent 0.59% of GDP in 2015 on R&D on medical and health science and exported $2.31 billion of pharmaceutical products. The pharmaceutical market in South Africa was worth $5.16 billion in 2015 and is projected to reach $7.28 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 7%. The medical device market was valued at $1.8 billion in 2015 and is projected to grow at a CAGR of 4.1% to $2.19 billion by 2020.

The report is an essential source of information on and analysis of the healthcare, regulatory and reimbursement landscape in South Africa. It identifies the key trends in the country's healthcare market and provides insights into its demographic, regulatory, and reimbursement landscape and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of its pharmaceutical and medical device markets. It uses data and information sourced from proprietary databases, secondary research, and in-house analysis by a team of industry experts.

The population of South Africa in 2015 was 54.96 million, having grown at a CAGR of 2% from 2008. In 2011, the government introduced the National Health Insurance (NHI) policy to promote the pharmaceutical market. To increase the growth rate of the pharmaceutical industry, the government also introduced the South African Health Products Regulatory Authority (SAHPRA). Through SAHPRA, the government aims to increase the pace of the drug approval process, while maintaining the highest possible quality standards.

Key Topics Covered:

1 Tables & Figures

2 Introduction

3 Overview of the Pharmaceutical and Medical Device Markets

4 Market Access

5 Country Analysis

6 Opportunities and Challenges

7 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/hfnkvs/countryfocus

View source version on businesswire.com: http://www.businesswire.com/news/home/20170118005869/en/

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Source: Research and Markets