Zimbabwe Pharmaceuticals & Healthcare Report Q2 2016 - New Market Study Published

From: Fast Market Research, Inc.
Published: Tue Apr 26 2016


Zimbabwe's health sector will deteriorate over the short term as a result of significant cuts to national budget allocations. Despite the distribution to healthcare growing over the last seven years, it remains far from meeting the global commitment agreed in Abuja in 2001 of 15% of the national budget. Government revenue earning capabilities have declined as Zimbabwe's main exports are suffering from lower commodity prices, as well as diminishing taxable income from stagnant economi c growth. This will negatively affect Zimbabwe's healthcare delivery over the short term. Over the long term, continued reliance on foreign aid will discourage investment from drugmakers.

Full Report Details at
- http://www.fastmr.com/prod/1152922_zimbabwe_pharmaceuticals.aspx?afid=301

Headline Expenditure Projections

Pharmaceuticals: USD380mn in 2015 to USD399mn in 2016; +5.0% in US dollar terms. Forecast unchanged from last quarter .

Risk/Reward Index

In BMI's Risk/Reward Index (RRI) for Q2 2016, Zimbabwe scores a poor 25.0 out of 100, down from last quarter's score of 25.3. The country is the least attractive out of the 31 markets surveyed in the Middle East and Africa region, just below Nigeria (26.0) and Angola (27.3). Zimbabwe will remain one of the least-attractive pharmaceutical and healthcare markets regionally and globally, due to the elevated political, economic and social risks, as well as the lack of finances for adequate healthcare provision and capacity utilisation.

Latest Updates

In February 2016, the Zimbabwean health minister along with health ministers and representatives from 19 other African countries signed a declaration promoting the use of vaccines to protect people of all ages against vaccine-preventable diseases, and to close the immunisation gap by 2020.

Zimbabwe's 2016 budget will see just USD330mn allocated to the healthcare sector, corresponding to merely 9.7% of the USD4bn national budget and significantly smaller than the Abuja target of 15%.

In February 2016, the Zimbabwean government began its first ever HIV vaccine trial as part of a global effort to curb the spread of the disease in the country.

The Zimbabwean government has revived its interest in universal healthcare by announcing plans to implement a new national health insurance scheme for the majority of the population.

BMI Economic View

Economic growth in Zimbabwe will barely creep above zero in 2016 as the effects of drought; low commodity prices and weak levels of foreign investment keep the economy in the doldrums.

BMI Political View

Political instability in Zimbabwe will increase in the next two years, ahead of the 2018 general election. The ruling ZANU-PF party looks set to retain dominance, though succession questions will intensify as ailing president Robert Mugabe's rule approaches its end.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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