Multiple Sclerosis Drugs - Zambia

Zambia

The revenue generated in the Multiple Sclerosis Drugs market in Zambia is projected to reach US$2.84m by 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 2.03%, leading to a market volume of US$3.14m by 2029.
In comparison to other countries worldwide, United States is anticipated to generate the highest revenue, with US$11,770.00m in 2024.
In Zambia, the demand for innovative Multiple Sclerosis drugs is steadily increasing, as healthcare providers strive to improve treatment options for affected patients.

Key regions: France, India, United Kingdom, South Korea, Japan

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Analyst Opinion

The Multiple Sclerosis Drugs market in Zambia has witnessed significant developments in recent years.

Customer preferences: Patients in Zambia prefer drugs that are effective in treating Multiple Sclerosis (MS) symptoms and have minimal side effects. They also prefer drugs that are affordable and easily accessible.

Trends in the market: There has been an increase in the demand for MS drugs in Zambia as the number of MS patients is on the rise. This trend can be attributed to the increasing awareness of MS and its symptoms, leading to more patients seeking medical attention. Additionally, there has been an influx of MS drugs in the Zambian market, which has led to increased competition among drug manufacturers. This has resulted in lower prices and increased accessibility of MS drugs.

Local special circumstances: Zambia has a relatively low income per capita, which means that affordability is a significant factor in the purchase of MS drugs. The government has put in place measures to make healthcare more affordable, including the provision of free healthcare to vulnerable groups. However, the cost of MS drugs is still high, making it difficult for some patients to access them.

Underlying macroeconomic factors: The Zambian economy has been growing steadily in recent years, with a focus on diversifying the economy away from copper mining. This has led to increased investment in the healthcare sector, including the provision of better healthcare facilities and the training of healthcare professionals. However, the healthcare sector still faces challenges, including inadequate funding and a shortage of skilled healthcare professionals. These challenges have led to a reliance on foreign aid to finance healthcare projects and programs.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.