Angola Pharmaceuticals & Healthcare Report

Providing expert analysis, independent forecasts and competitive intelligence on the pharmaceuticals and healthcare industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Pharmaceuticals and Healthcare Risk Reward Index, Market Summary, Economic Forecasts, Company Profiles and Competitive Landscape.

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Angola Pharmaceuticals & Healthcare Report
Product Price
$1,295.00

BMI View: The collapse in oil prices has impacted Angola ' s oil-dependant economy and government revenues. The healthcare sector is struggling to address the ever-growing needs of the people due to poor infrastructure and years of underfinanced services. We do not expect the government will increase its contribution to healthcare in the near future, remaining reliant on international aid instead. As such, the deterioration of Angola's healthcare sector will work to impede the pharmaceutical market in the near-term at least until oil prices recover.

Headline Expenditure Forecasts

  • Pharmaceuticals: AOA34.25bn (USD290mn) in 2015 to AOA36.63bn (USD220mn) in 2016; +6.9% in local currency and -23.5% in US dollar terms. Forecast revised downwards from last quarter.

  • Healthcare: AOA458.42bn (USD3.81bn) in 2015 to AOA492.82bn (USD2.93bn) in 2016; +7.5% in local currency and -23.1% in US dollar terms. Forecast revised downwards form last quarter.

Headline Pharmaceuticals & Healthcare Forecasts (Angola 2014-2020)
2014 2015 2016f 2017f 2018f 2019f 2020f
f = BMI forecast. Source: WHO, National Sources, BMI
Pharmaceutical sales, USDbn 0.330 0.290 0.220 0.220 0.220 0.220 0.220
Pharmaceutical sales, % of GDP 0.22 0.27 0.23 0.19 0.17 0.16 0.15
Pharmaceutical sales, % of health expenditure 7.5 7.5 7.4 7.4 7.4 7.3 7.3
Health spending, USDbn 4.340 3.810 2.930 3.010 3.030 2.980 3.000

Risk/Reward Index

Angola's Pharmaceutical RRI score for Q416 is 24.9, unchanged from last quarter. The country is ranked 31st out of 32 pharmaceutical markets in the Middle East and Africa region, sitting just below Zimbabwe (25.0). The country fares better in terms of Rewards than Risks, reflecting the country's oil-rich economy, its high real GDP growth and fast growing population.

Latest Updates

  • In July 2016, Angola Capital Investments signed an agreement with the government of Rwanda to create a multi-speciality healthcare facility with an investment of USD23.23mn over the next five years.

  • In June 2016, the UN health agency announced that it will begin pre-emptive vaccination campaigns to fight the recent outbreak of yellow fever in Angola.

  • In June 2016, biopharmaceutical company Bristol-Myers Squibb and the Angola Sickle Cell Initiative announced a collaboration programme that will aim to provide Angolan children with sickle cell disease access to Droxia (hydroxyurea), a drug that can reduce the frequency of a sickle crises.

  • Doctors without borders have said in the face of Angola's yellow fever outbreak, the price of vaccinations could spiral if the deadly disease is not brought under control and a further 1.5 million doses are still needed as of April 2016.

BMI Economic View

2016 will mark another year of slow growth in the Angolan economy as the legacy of the oil price collapse continues to pose a headwind. The completion of several legacy investments in the hydrocarbon sector will see some uptick in growth in 2017, but the structural vulnerabilities attached to oil dependence will remain a persistent issue for the economy.

BMI Political View

A managed transfer of power to a chosen successor is the most likely outcome of President Jose Eduardo Dos Santos' decision to step down from office in 2018. While ignoring democratic principle in any transition of power would increase resentment towards elites and heighten political risk, policy continuity would more than offset most of the impact on investor sentiment.

BMI Industry View
7
Table: Headline Pharmaceuticals & Healthcare Forecasts (Angola 2014-2020)
7
SWOT
9
Industry Forecast
11
Pharmaceutical Market Forecast
11
Table: Pharmaceutical Sales, Historical Data And Forecasts (Angola 2012-2020)
12
Healthcare Market Forecast
14
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Angola 2012-2020)
16
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Angola 2012-2020)
17
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Angola 2012-2020)
17
Industry Risk/Reward Index
18
Middle East and Africa Risk/Reward Index - Q4 2016
18
Angola Risk/Reward Index
26
Rewards
26
Risks
27
Regulatory Review
28
Intellectual Property Issues
29
Pricing Regime
29
Market Overview
30
Healthcare Sector
31
Clinical Trials
33
Epidemiology
33
Competitive Landscape
35
Pharmaceutical Distribution
36
Company Profile
37
Nova Angom-dica
37
Demographic Forecast
39
Demographic Outlook
39
Table: Population Headline Indicators (Angola 1990-2025)
40
Table: Key Population Ratios (Angola 1990-2025)
40
Table: Urban/Rural Population & Life Expectancy (Angola 1990-2025)
41
Table: Population By Age Group (Angola 1990-2025)
41
Table: Population By Age Group % (Angola 1990-2025)
42
Glossary
44
Methodology
46
Pharmaceutical Expenditure Forecast Model
46
Healthcare Expenditure Forecast Model
46
Notes On Methodology
47
Risk/Reward Index Methodology
48
Index Overview
49
Table: Pharmaceutical Risk/Reward Index Indicators
49
Indicator Weightings
50

The Angola Pharmaceuticals & Healthcare Report features BMI Research's forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's Angola Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Angola pharmaceutical and healthcare industry.

Key Benefits

  • Benchmark BMI's pharmaceutical and healthcare market forecasts for Angola, to test other views - a key input for successful budgeting and strategic business planning in the Angolan pharmaceutical and healthcare market.
  • Target business opportunities and risks in the Angolan pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Angola.
  • Assess the activities, strategy and market position of your competitors using our company profiles (including SWOTs, KPIs and latest activity) and competitive landscape tables.

Coverage

BMI Industry View

An at-a-glance perspective on the latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The pharmaceuticals and healthcare SWOT outlines strategic factors that affect the basic assumptions underpinning BMI’s forecast analysis, and taken together with BMI’s political, economic and business environment SWOTs, it gives a complete overview of market climate.

BMI Industry Forecast Scenario

Industry forecasts to end-2019 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Healthcare: Total healthcare expenditure (USDbn), healthcare expenditure (% of GDP), healthcare expenditure per capita (USD), hospital beds, doctors, and birth & mortality rates (all per ‘000 population).
  • Pharmaceutical Market: Drug expenditure in USDbn, % of GDP and per capita (USD).
  • Patented Drug Market: Prescription drug sales (USDbn & % of total sales).
  • Generic Drug Market: Generic product sales (USDbn), generic sales (% of total sales).
  • OTC Drug Market: OTC sales (USDbn & % of total sales).
  • Macroeconomic Forecasts: Nominal and real GDP, % real GDP growth, % private consumption growth, % industrial output growth, % consumer price index, % GDP price deflator, exports, imports, trade balance, current account balance, foreign direct investment, exchange rate against USD, government expenditure and external debt.

BMI’s Pharmaceuticals and Healthcare Risk Reward Index

BMI’s Risk Reward Index provides investors (both national and multinational) looking for opportunities in the region with a clear country-comparative assessment of the market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Summary

A snapshot of key market characteristics, including total size of the pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape

Industry Developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Regulatory Regime

Details of the industry regulatory framework and key legislation covering the licensing of new products/services, pricing and reimbursements, intellectual property, taxation and advertising, as well as analysis of the overall regulatory burden.

Competitive Landscape

The competitive landscape section provides comparative company analyses and index by USD sales and % share of total sales – for the total pharmaceutical sector, as well as the OTC, generics and distribution sub-sectors.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.