20/03/2024
Take a look at these numbers;
✅ Only 3% of the world's pharmaceuticals are manufactured in Africa.
✅1.4 billion people are thought to be served by less than 400 pharmaceutical companies on the continent. There are roughly 5,000 and 10,500 medicine manufacturers in China and India, respectively.
✅ Africa may produce between 30 and 40 percent of the value of all pharmaceutical demands, with North Africa producing the most.
✅ Only 20 African countries are capable of manufacturing pharmaceuticals, with eight of those countries producing about 80% of the continent's total output.
✅ Imports supply 70% of Africa's needs for pharmaceutical products.
✅ Local production meets less than 1% of Africa's vaccine needs.
These figures together present a dismal image of vulnerability and a lack of independence when it comes to granting people access to safe, high-quality, and efficient medical items.
hence impeding the efforts of numerous African governments to protect the continent's public health.
For this reason, the discussion concerning increased local production is relevant.
No one can dispute the potential advantages that could be realized despite the fact that many have questioned whether local manufacturing is feasible. These include: enhanced supply security, increased affordability, reduced trade deficits, and much more.
As you see it,
What steps should be taken, in your opinion, to improve African domestic manufacturing of medical products?
Tell us in the comments below.
For this reason, the discussion concerning increased local production is relevant.
Tell us in the comments below.
