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Algeria Pharmaceuticals & Healthcare Report
We remain optimistic about Algeria 's longer term potential as a pharmaceutical market, underpinned by economic and demographic factors. Our view is supported by a number of investments into the local manufacturing sector made by foreign players in recent months, in partnerships with local companies. However, the country does pose numerous operational risks, which will continue to hamper the development of its full potential until the deficiencies are successfully addressed.
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Headline Expenditure Projections:
Pharmaceuticals: DZD218.52bn (US$3.00bn) in 2011 to DZD239.44bn (US$3.19bn) in 2012; +9.6% in local currency terms and +6.5% in US dollar terms. Forecast unchanged from Q4 12.
Healthcare: DZD530.66bn (US$7.28bn) in 2011 to DZD585.52bn (US$7.81bn) in 2012; +10.3% in local currency terms and +7.2% in US dollar terms. Forecast unchanged from Q4 12.
Medical Devices: DZD28.26bn (US$388mn) in 2011 to DZD30.83bn (US$411mn) in 2012; +9.1% in local currency terms and +6.0% in US dollar terms. Forecast unchanged from Q4 12.
In Q1 12, Algeria retains its composite score of 46.6 out of the maximum 100 points and also its place as the 14th most attractive Middle East and Africa (MEA) pharmaceutical market, out of the 30 countries surveyed within the region. Despite above-average rewards opportunities, Algeria continues to be viewed as a very risky market, both on the industry and the country side, with this quarter's score for overall risks remaining at just 34 out of 100.
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The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.
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