Most industry observers expect that Indian pharma exports to the US will increase again. But, Indian companies have – in the meantime – been rapidly increasing their efforts to build stronger footprints in strategic emerging markets such as Russia, Brazil, and some Asian and African countries.
Roughly 20% of India’s pharma exports of around USD 17 billion go to African countries, making these countries a launchpad in the international strategies of a significant number of Indian pharmaceutical exporters. This aspect gained a higher significance as Indian companies have steadily established themselves as partners of choice of international healthcare NGOs and aid agencies over the past decades.
India’s total export of pharmaceutical products to South Africa was US$693.78 Million during 2020, according to the United Nations COMTRADE database on international trade.
Top Pharma Exports in Africa
JoinHub Pharma, Lupin Pharmaceuticals, Dr. Reddy’s, Cipla, etc., are leading pharma exporters in Africa. Undoubtedly, pharmaceutical products dominate India’s total exports to Africa. Along with petroleum products, it takes around 40% of total Indian exports to African markets.
In terms of Indian government analysis, India ranks 3rd globally for pharmaceutical production by volume and 13th by value. Hence, it accounts for around 10% and 1.5% of the world’s production by volume and value, respectively. This phenomenon indicates the relatively lower price of Indian pharma products, alongside the higher demand in the global market.
Because of being the primary supplier of affordable medicines worldwide, experts have signified India with the title of the ‘Pharmacy of the World.’
The following are some keynotes concerning the Indian pharmaceutical trade companies’ strategies:
- Managing trade functions via NGOs and Government tenders
- Engaging the local authorities in the operations
- Ensuring high-quality standards as advocated by WHO
- Budget-friendly HIV medicines and other pharma products
Joinhub Pharma – A Leading Pharmaceutical Exporter in Africa
JoinHub Pharma is the best Pharmaceutical manufacturers in India and is well known for its pharma exports to Africa. They have grown their export network over the years to reach several African countries, including South Africa, Mozambique, Angola, Cambodia, Rwanda, Libya, Liberia, Gabon, Zambia, Algeria, Ghana, Ivory Coast, Sudan, Chad, Burundi, Venezuela, Cameroon, Mauritania, and many more.
They’re also offering generic medicines contract manufacturing. Branded and generic medicines come in different forms and dosages. In-house manufacturing of all the pharma products is carried out in the manufacturing cum research facility of JoinHub Pharma. Their skilled R & D team, along with ultra-modern machinery, ensures that you get the best quality product at the most competitive prices. The product quality is certified by reputed organizations like USFDA, GMP, WHO & ISO, and their delivery is hassle-free and on time.
Building on its increasing strength in Africa, JoinHub Pharma started registering products across the Middle East and several Southeast Asian and Latin American countries, and it is FDA approved. It has WHO-GMP pharma manufacturing plants for a recently-built manufacturing plant in Gujarat. “In less than one decade, JoinHub Pharma products are already approved in 40 countries, and international markets make up around 90% of our revenues,” highlighted the founder of JoinHub.
What is the Role of an Indian Pharmaceutical Company in Africa?
The African population is rapidly increasing. Consequently, the number of senior citizens additionally increases. Hence, Africa is probably facing a lot of age-related health problems in the coming 30 years. The middle class in African countries comprises a major chunk of the modern population.
This eventually increases the risk of heart disorders, obesity, and other lifestyle diseases. In addition to it, the tropical climate makes Africa, a host of deadly infectious diseases like cholera, polio, malaria, tuberculosis, etc. As a result, improvement in the pharma sectors of African countries is the need of the hour. However, the current scenario is not very promising.
Weak education and lack of qualified pharmacies are causing hindrance in the medical upliftment of African countries. The only way out is the involvement of international players. This will boost allied domestic industries, as the new entrants will need to tie up with local businesses of packaging, manufacturing, and distribution. The outcome will be an improved pharmaceutical ecosystem in Africa.
The partnership with Indian exporters can be specifically beneficial. Indian pharma companies have the remarkable ability to produce high-quality generic drugs at the most affordable prices. These generic medicines may prove to be life-saving for the vast African population that is still living in poverty. The involvement of Indian Pharmaceutical Companies will create a win-win situation for the common Africans by providing them access to all those previously unavailable medicines.
With nearly 20% of India’s pharma exports going to African countries, Indian pharma companies have become crucial for medical upliftment in Africa.
With broad experience in the field of pharma exports, JoinHub Pharma is emerging as a leading African pharma medicine distributor.
If you’re looking for the best Indian pharmaceutical exporters In Africa, then reach out to the experts at JoinHub Pharma. Simply drop them a line at [email protected], and they will reach out to you within 24 hours.