Kenya Antibacterial (Antibiotics) Drugs Market Analysis

Kenya Antibacterial (Antibiotics) Drugs Market Analysis


$ 3999

Kenya Antibacterial (Antibiotics) Drugs Market is at around $35.63 Mn in 2023 and is projected to reach $51.15 Mn in 2030, exhibiting a CAGR of 5.3% during the forecast period. The market is driven by rising healthcare costs, an increase in the incidence of infectious diseases, and government initiatives. The market is dominated by key players like Cosmos Healthcare Limited, Universal Pharmaceutical Limited, Pfizer Inc., AbbVie (Allergan), Cipla, Roche, Novartis AG, GlaxoSmithKline plc, Abbott Laboratories, Johnson & Johnson, Merck & Co., Inc., and Sanofi S.A.

ID: IN10KEPH005 CATEGORY: Pharmaceuticals GEOGRAPHY: Kenya AUTHOR: Aneri Parekh

Buy Now

Kenya Antibacterial (Antibiotics) Drugs Market Executive Summary

Kenya Antibacterial (Antibiotics) Drugs Market is at around $35.63 Mn in 2023 and is projected to reach $51.15 Mn in 2030, exhibiting a CAGR of 5.3% during the forecast period.

Kenya's market for antibiotics is solely focused on the manufacture, sale, and use of antibiotics. It includes all parties engaged in the creation and application of antibiotics to treat bacterial illnesses, such as pharmaceutical firms, medical professionals, government agencies, and patients. The market is impacted by various elements, including Kenya's economic dynamics, regulatory policies, healthcare facilities, and the incidence of infectious diseases.

The market for antibiotics in Kenya is expanding steadily, propelled by rising healthcare costs and an increase in the number of bacterial diseases. Market dynamics are also being influenced by government programs aimed at expanding healthcare access and raising public awareness of the significance of antibiotic stewardship. Regulatory restrictions and issues like antibiotic resistance, however, continue to provide major barriers to market growth.

In recent years, the antibiotic sector has seen significant transformation. In 2023, the market was worth $50.91 Bn and is expected to grow further. The main causes of this growth are new product advancements and infectious disorders. The need for additional research and development, innovative antibacterial compositions, and antibiotic prescriptions have all contributed to these developments. Urbanization and recent antibiotic advancements influence market growth.

Cosmos Healthcare Limited, a large pharmaceutical player in Kenya, has a substantial impact on the antibiotic market. They distribute antibiotics worldwide through partnerships and their retail locations, primarily in underprivileged areas. While their varied product array increases access, issues such as counterfeit medications and overuse remain. Cosmos participates in projects encouraging ethical antibiotic use, which plays an important role in Kenya's healthcare system.

Kenya antibacterial (antibiotics) drugs market

Market Dynamics

Market Growth Drivers:

Rising Incidence of Infectious Diseases: As the population increases and becomes more urbanized, infectious diseases also rise, increasing the need for antibiotics.

Growing Healthcare Expenditure: As the economy improves and healthcare spending rises, more people may have access to antibiotics and other medical services.

Government Initiatives: The market for antibiotics is strengthened by government programs that enhance healthcare facilities, increase drug accessibility, and reduce the spread of infectious diseases.

Market Restraints:

Alternate Treatment Options: Increased use of traditional medicine and herbal treatments as alternate forms of treatment may lessen the need for conventional antibiotics.

Challenges with the Supply Chain: Problems with the supply chain, such as distribution difficulties, shortages in supplies, and imitation drugs, might affect the market's capacity to obtain antibiotics. These difficulties may limit market expansion by influencing the availability and cost of products.

Regulatory Environment: The sale, distribution, and usage of antibiotics are subject to strict laws and procedures, which may hinder market expansion.

Healthcare Policies and Regulatory Landscape

The Pharmacy and Poisons Board (PPB) was established as the Drug Regulatory Authority by the Pharmacy and Poisons Act, Chapter 244 of the Kenyan Laws. The Board is in charge of regulating the production, distribution, and use of poisons and medications, as well as pharmacy practice. PPB assesses applications and product samples for quality, safety, and efficacy. The samples are thoroughly analyzed by three labs. Fast-track options are available for certain medications, potentially reducing the usual six- to one-year waiting period by several months. Ensuring that Kenyan people have access to reasonably priced, high-quality healthcare is the PPB's ultimate goal. The approval procedure itself could be a tedious and bureaucratic one, characterized by delays caused by unclear specifications, missing paperwork, and irregularities within the PPB.

Competitive Landscape

Key Players:

  • Cosmos Healthcare Limited
  • Universal Pharmaceutical Limited
  • Pfizer Inc.
  • AbbVie (Allergan)
  • Cipla
  • Roche
  • Novartis AG
  • GlaxoSmithKline plc
  • Abbott Laboratories
  • Johnson & Johnson
  • Merck & Co., Inc.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Kenya Antibacterial (Antibiotics) Drugs Market Segmentation

By Drug Class

  • Cephalosporins
  • Penicillin
  • Fluoroquinolone
  • Macrolides
  • Carbapenems
  • Aminoglycosides
  • Sulfonamides
  • 7-ACA
  • Others

By Type

  • Branded Antibiotics
  • Generic Antibiotics

By Action Mechanism

  • Cell Wall Synthesis Inhibitors
  • Protein Synthesis Inhibitors
  • DNA Synthesis Inhibitors
  • RNA Synthesis Inhibitors
  • Mycolic Acid Inhibitors
  • Others

By Spectrum

  • Broad-spectrum Antibiotic
  • Narrow-spectrum Antibiotic

By Administration

  • Oral
  • Intravenous
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 27 February 2024
Updated by: Riya Doshi

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up