$1,500 Bn
Market Size
3-5%
CAGR
$1,900 Bn
Forecast
20-30%
Production Rate of Medicines In Africa
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A booming African population with increasing healthcare spending creates a dynamic pharmaceutical market. Invest in providing essential medicines and healthcare solutions! Be part of the answer to Africa's growing healthcare needs.
A booming African population with increasing healthcare spending creates a dynamic pharmaceutical market. Invest in providing essential medicines and healthcare solutions! Be part of the answer to Africa's growing healthcare needs.
$1,500 Bn
Market Size
3-5%
CAGR
$1,900 Bn
Forecast
20-30%
Production Rate of Medicines In Africa
Africa's burgeoning population, projected to reach 2.5 billion by 2050, coupled with rising incomes and growing urbanization, is fueling a surge in demand for pharmaceuticals across the continent. This translates to a rapidly expanding market, estimated to reach a value of USD 60 billion by 2025 (IQVIA). Despite this, Africa faces a significant challenge: a heavy reliance on imported medicines, often at high costs. This presents a compelling investment opportunity for foreign pharmaceutical companies seeking to bridge this gap and tap into a largely untapped market.
The current landscape offers fertile ground for investors. Local production remains limited, creating space for companies to establish a strong presence in domestic manufacturing and distribution. Additionally, Africa boasts a young and growing talent pool, making it an attractive location for research and development (R&D) activities focused on diseases prevalent in the region. By investing in local production facilities, R&D capabilities, and partnerships, pharmaceutical companies can become key players in Africa's healthcare revolution, ensuring improved access to affordable medicines for millions while reaping significant returns.
Zones Industrielles de Cote d'Ivoire (ZIC), is a Public Private Partnership (PPP) between Arise IIP and the Republic of Cote d'Ivoire, spread over 440 Ha at PK-24 (24 KM from the economic capital of Abidjan). The Government's objective for setting up an Industrial Zone with Arise IIP, is to promote the manufacturing growth of CIV and to ensure the processing of the abundant agricultural commodities.
Industrial Platform Remo Free Zone (IPRFZ) is a Public-Private Partnership of ARISE IIP and the Ogun State Government in Nigeria. Focus is on maximizing the local resource production, efficiency & cost.
Bugesera Special Economic Zone (BSEZ) located in the Bugesera district of Rwanda- is a Public-Private Partnership (PPP) agreement between Arise IIP and the Government of Rwanda with a committed investment of USD 100 million.
Strategically located in DRC's capital Kinshasa, one of the world’s fastest growing megacities in Africa, the CIP economic zone offers investors the best entry to a direct market of nearly 20 million inhabitants.
The Glo-Djigbe Industrial Zone (GDIZ) is located just 45 km from Cotonou and is dedicated to the local transformation of agricultural product including cotton, cashews, pineapples, shea nuts and soybeans, among others.
La Zone Industrielle de Sarh (ZISARH), is a Public Private Partnership (PPP) between ARISE IIP, Chad, and the Republic of Chad, spread over 485 ha. The objective of setting up ZISARH is to promote the growth of the country's industrial and agriculture sectors.
June 6, 2024
Gabon Ministers Explore Pharma, Wood Processing and Vocational Training Sectors at Nkok SEZ
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