Ethiopia is working towards increasing the local pharmaceutical industry’s market share to 47% as part of its mid-term health sector development plan. This initiative aims to improve access to healthcare and reduce reliance on imported medicines.
Health Minister Mekdes Daba highlighted these efforts during the inauguration of the Domestic Medical Supplies Production and Innovation Exhibition in Addis Ababa. The event showcased progress in various healthcare areas and emphasized the importance of a strong domestic pharmaceutical sector.
Government policies and regulations aim to promote self-sufficiency in medical supplies, reducing import dependence. This year alone, Ethiopia produced USD 75 million worth of medical products, saving the country USD 53.1 million. As a result of this support, the domestic medicine market share has grown from 8% to 36%.
The government’s mid-term plan targets a further increase to 47% market share for local pharmaceuticals. Additionally, efforts are underway to combine traditional medicine with modern medical science through research initiatives.
The Domestic Medical Supplies Production and Innovation Exhibition aims to bolster the local medical equipment manufacturing sector. The week-long event showcases domestic medical products and services, highlighting Ethiopia’s healthcare investment opportunities. It features over 110 manufacturers, networking opportunities for investors, and various programs.
Source (including image): Fana BC
