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SOUTH AFRICA

The South African region has shown remarkable growth in pharmaceutical sales over the years. This is primarily attributed to the Government’s initiatives to improve healthcare access for its citizens as well as a favourable economic outlook across the market. The pharmaceutical market is valued at USD 3.6 billion and growing at 4.9% in value terms.

In FY2020, Lupin’s South African subsidiary Pharma Dynamics (PD) achieved net revenues of ZAR 1,219 million. According to IQVIA Health, as of March 2020, PD showed a sales growth of 5%. In addition, it has maintained its ranking as the 3rd fastest growing generics player in the prescription generic market in South Africa.

While PD has entrenched its position as the largest pharmaceutical company in the Cardiovascular Systems (CVS) therapeutic market, it now holds second rank in the Central Nervous System (CNS) & Hospital IV space.