South Africa Neurology Clinical Trials Market Analysis

South Africa Neurology Clinical Trials Market Analysis

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The South Africa Neurology Clinical Trials market is projected to grow from $34 Mn in 2022 to $57.2 Mn by 2030, registering a CAGR of 6.73% during the forecast period of 2022 - 2030. The market will be driven by the availability of a diverse population, a large number of well-trained healthcare professionals and modern medical healthcare facilities. The market is segmented by phase, by study design & by indication. Some of the major players include Novartis AG, Eli Lilly and Company & Biovac.

ID: IN10ZACT005 CATEGORY: Clinical Trials GEOGRAPHY: South Africa AUTHOR: Vidhi Upadhyay

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South Africa Neurology Clinical Trials Market Executive Summary

The South Africa Neurology Clinical Trials market is projected to grow from $34 Mn in 2022 to $57.2 Mn by 2030, registering a CAGR of 6.73% during the forecast period of 2022 - 2030. South Africa ranks second, accounting for 19.9% of studies, followed by Uganda and Kenya, for clinical trials undertaken in Africa. Neurological disorders caused by neuro infections are very common in Sub-Saharan Africa (SSA), posing a significant impairment and economic burden on individuals and society. Epilepsy, dementia, motor neuron diseases, headache problems, sleep disorders, and peripheral neuropathy were among them. According to the most recent WHO statistics, Alzheimer's and Dementia fatalities in South Africa reached 4,676 in 2020, accounting for 1.03% of all fatalities.

Clinical trials are an important component of medical research since they are used to assess the safety and effectiveness of novel medications, medical equipment, or therapies. Clinical trials are carried out to ensure that novel therapy or medicines are safe, effective, and suitable for use in the treatment of patients. Neurology clinical trials especially concentrate on therapies for neurological illnesses, including Alzheimer's disease, multiple sclerosis, Parkinson's disease, stroke and others. South Africa has a well-developed healthcare system and has been active in clinical studies for many years. The country's population is diversified, making it an appealing site for clinical studies that need a broad patient group. Moreover, South Africa is a popular location for international clinical trials due to its high number of well-trained healthcare personnel and advanced medical facilities.

The South African Health Products Regulatory Authority (SAHPRA) is the regulatory body in charge of pharmaceuticals, clinical trials, medical devices, and radiation safety in South Africa. As stated in the Medicines and Related Substances Act (MRSA), Medicines and Related Substances Act, General Regulations (GRMRSA), and ZAF-10, SAHPRA is responsible for clinical trial monitoring, approval, and examinations in South Africa. In line with the rules of the GRMRSA, the agency gives authorisation for clinical studies to be undertaken in South Africa.

South Africa Neurology Clinical Trials Market

Market Dynamics

Market Growth Drivers

Many variables influence the South African neurology clinical trials market. The prevalence of neurological illnesses such as Alzheimer's disease, multiple sclerosis, and Parkinson's disease is increasing in South Africa. As a consequence, there is a growing need for innovative and effective therapies for these disorders, resulting in an increase in demand for neurology clinical trials in the nation. South Africa's healthcare system is well-developed, with sophisticated medical facilities, a huge pool of well-trained healthcare personnel, and a diversified patient population. These qualities make South Africa an appealing destination for clinical trials, especially those requiring a varied patient group. Moreover, the South African government has created regulatory authorities, such as The South African Health Products Regulatory Authority (SAHPRA), to oversee that clinical trials undertaken in the nation follow stringent ethical and safety criteria. This has produced a favourable climate for clinical trial sponsors, aiding in the expansion of the neurology clinical trials market.

Market Restraints

There are various factors influencing the neurology clinical trials industry in South Africa. To begin, the nation continues to confront enormous socioeconomic obstacles, such as poverty, inequality, and a high burden of infectious illnesses such as HIV/AIDS and TB. These limitations may make recruiting people for clinical trials challenging and may restrict the country's market potential for neurology clinical studies. Moreover, there are practical obstacles connected with conducting clinical trials in South Africa, such as infrastructure, transportation, and communication concerns. These obstacles may raise the expense and difficulty of conducting clinical trials in the nation, discouraging some sponsors from entering the market.

Competitive Landscape

Key Players

  • Pfizer Inc.
  • Novartis AG
  • Eli Lilly and Company
  • Roche Holding AG
  • Aspen Pharmacare (ZAF)
  • Adcock Ingram (ZAF)
  • Biovac (ZAF)
  • Centre for Clinical Studies (ZAF)
  • Morningside Clinical Trials (ZAF)
  • Synexus Clinical Research (ZAF)

Notable Deals

July 2021, Pfizer and BioNTech Establish a Partnership with Biovac to Produce and Distribute COVID-19 Vaccine Doses in Africa

December 2022, Lilly and EVA Pharma Establish Partnership to Provide Long-Term Access to Low-Cost Insulin in Africa

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 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 Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation

6. Methodology and Scope

Neurology Clinical Trials Market Segmentation

By Phase (Revenue, USD Billion):

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

By Study Design Outlook (Revenue, USD Billion):

  • Epilepsy
  • Parkinson's Disease (PD)
  • Huntington's Disease
  • Stroke
  • Traumatic Brain Injury (TBI)
  • Amyotrophic Lateral Sclerosis (ALS)
  • Muscle regeneration
  • Others

By Indication Outlook (Revenue, USD Billion):

  • Interventional
  • Observational
  • Expanded Access

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

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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.

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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
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  • Market Segment based analysis to obtain revenue/volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 17 March 2023
Updated by: Shivam Zalke

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