Date: 15-12-17  Time: 09:36 AM

Author Topic: Overview of Pharmaceutical Manufacturing Sector Pakistan  (Read 9153 times)

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Overview of Pharmaceutical Manufacturing Sector Pakistan
« on: April 07, 2014, 12:27:42 PM »
 The Pharmaceutical manufacturing sector of Pakistan is one of the biggest industrial sector taking care of the medicine needs of country as well as providing employment to a significant number.

  Pharmaceutical Key Facts
  • The Pharmaceutical manufacturing sector of Pakistan is composed of Local Manufacturers and Multinationals.
  • Together they cater for approximately 90% of Local market needs.
  • Some of Pharmaceuticals are also exporting finished products and thus generating foreign exchange.
  • Local Research promotion is lacking.
  • Local production of raw materials is low.
  • Provides direct employment to more than 70,000 and indirect employment to around 150,000 people across the country.
  • Prices of all 50,000+ drugs are controlled by government in Pakistan..
 
   Pharmaceutical Capital

The pharmaceutical industry exceeds $1.4bn which equates to per capita consumption of less than $10 per year.
Strong export potential: More than $100m foreign exchange earned annually for the country.
National pharmaceutical expenditures in comparison with health care and medical devices are given below.
 
  • Pharmaceuticals: PKR152.97bn (US$1.79bn) in 2010 to PRK169.90bn (US$1.98bn) in 2011; +11.1% in local currency terms and +10.6% in US dollar terms.
  • Health care: PKR398.59bn (US$4.67bn) in 2010 to PKR454.63bn (US$5.31bn) in 2011; +14.1% in local currency terms and +13.5% in US dollar terms.
  • Medical devices: PKR29.91bn (US$351mn) in 2010 to PKR34.87bn (US$407mn) in 2011; +16.6% in local currency terms and +16.1% in US dollar terms.
    Concerns

  Public, Health professionals and Pharmaceuticals must listen passionately to each other to create a win win situation for every stake holder.
 
  Concerns of Pharmaceutical Sector
  • Lack of implementation of patent control.
  • Production and circulation of Fake medicines.
  • Drug price control policy of Pakistan Govt.
  • Low per capita expenditure on Pharmaceuticals.
   Concerns of Public Regarding Pharmaceuticals
  • Excess profitability on certain medicines.
  • Non provision of low profit life saving medicines.
  • Involvement in unethical practices to enhance drug circulation which include individual and institutional bribes.
  • Not adhering to strictest of quality control mechanisms.