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Angola Pharmaceuticals & Healthcare Report
Since re-election in August 2012, incumbent President Dos Santos has promised considerable investment in Angola's healthcare and pharmaceutical market. With plans for new hospitals announced - including one expansion financed with Chinese funds - as well as the creation of mini laboratories to conduct quality checks on drugs, the government is taking steps to improve healthcare provision. But between these few, concrete projects, many vague proposals remain, with little detail around how they will be implemented or funded. Revised historical trade data has led to a sharp downward revision of the size of Angola's pharmaceutical market this quarter. These new figures have also led to a reduction of the size of Angola's healthcare market - although to a lesser degree. Given the unreliability of official figures, we will continue to monitor trade data and will adjust Angola's market size accordingly.
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Headline Expenditure Forecasts
Pharmaceuticals: AOA17.79bn (US$187mn) in 2012 to AOA20.29bn (US$213mn) in 2013; +14.0% in local currency and +13.8% in US dollar terms.
Healthcare: AOA373.72bn (US$3.93bn) in 2012 to AOA433.97bn (US$4.66bn) in 2013; +16.1% in local currency and +15.9% in US dollar terms.
Angola's Pharmaceutical Risk/Reward Rating (RRR) score for Q213 is unchanged from the previous quarter. This is also the case for all other countries in BMI's proprietary system that ranks pharmaceutical markets according to attractiveness to multinational drugmakers. A minor re-weighting of one of the RRR components is being implemented to improve the tool, and the adjusted scores for all markets will be published in theQ313 updates of the Pharmaceuticals & Healthcare reports. Angola has a RRR score of 34.8 out of 100, making it the 26thmost attractive pharmaceutical market in Middle East and Africa.
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The competitive landscape section provides comparative company analyses and rankings by US$ 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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