Tunisia Pharmaceutical Market – Global Industry Analysis and Forecast (2024-2030)

Tunisia Pharmaceutical Market size was valued at USD 2.15 Bn in 2023 and the total revenue is expected to grow at 12.9 % through 2024 to 2030, reaching nearly USD 5.03 Bn.
Tunisia Pharmaceutical Market Overview:
Tunisia is the smallest nation in North Africa, bordered to the west by Algeria, to the southeast by Libya, and the north and east by the Mediterranean Sea. Tunisia is one of the few countries in Africa with sophisticated management and advanced technologies pharmaceutical sector, both in terms of product quality and safety. The generic drug local production is approximately 49% and importations are around 51%. Major countries of Tunisia are Tunis (Capital), Sfax, Sousse, Ettadhamen, Kairouan, Gabès. Tunis has approx. 39 pharmaceutical companies in the region. Tunisia also encourages the local production of generic medicines.To know about the Research Methodology :- Request Free Sample Report
Tunisia Pharmaceutical Market Dynamics:
The availability of different established and integrated facilities that support R&D and pharmaceutical manufacturers in the country drives the market. The healthcare system of Tunisia is one of the most sophisticated in the Middle East and North Africa. Tunisia is an appealing market for pharmaceutical businesses, with a huge consumer base, growing healthcare expenditures, and expanding disposable incomes.

Tunisia's pharmaceutical sector is mostly based on joint ventures with multinational companies. These multinational corporations make considerable investments in local players to improve pharmaceutical medication products R&D. Sanofi, for example, has invested heavily in local businesses. As a consequence, the aforementioned factors are expected to have a favorable influence on market growth. Additionally, the pharmaceutical sector in Tunisia has benefited from the presence of R&D facilities that promote the establishment of research clusters and scientific advancement.

Tunisia's pharmaceutical sector aspires to increase exports, notably to European and West African markets, in order to capitalize on its well-developed manufacturing base and obtain easy access to Europe and Africa. SAIPH (Société Arabe des Industries Pharmaceutiques) has become one of the attractive investments to enhance export manufacturing capabilities. SAIPH has declared shipments to adjacent North African countries notably Algeria, Mauritania, and Libya, as well as West African nations, in recent years.

The pharmaceutical sector in Tunisia has grown significantly in the last two decades, as per the government. As of August 2021, this industry had received USD 105 million in investments. As a consequence of an enhanced investment in the pharmaceutical industry, operational players interested in growing their company in the region will have attractive prospects. Pharmaceutical producers in the nation are also expanding their export reach to European and West African countries as a result of export growth. As a result, the firms are investing heavily to extend their industrial capacity.

In 2023, Pfizer, Inc. was the leading drug company in Tunisia, followed by Sanofi-Aventis Tunisia. Adwa is another well-known pharmaceutical company in Tunisia, contributing to more than 10% of the country's medication production. Les Laboratoires UNIMED, Teriak, MEDIS, SIPHAT, OPALIA PHARMA, Taha Pharma, and Cytopharma are the next in line.
Tunisia Pharmaceutical Market Segment Analysis:
By Product, the tunisia pharmaceutical market is mostly driven by prescription medications, mainly because there is a strong need for treatments for chronic and intricate illnesses. Illnesses like diabetes, high blood pressure, heart issues, and cancer need extended, sometimes customized care plans given by medical experts. These prescribed drugs are vital for controlling these health problems and are crucial for enhancing the wellbeing of individuals with long-term illnesses.

However, OTC medications are easily accessible and address milder health concerns like colds, allergies, pain, and digestive issues. OTC medications offer a convenient and cost-effective option for people wanting quick relief from minor illnesses without requiring a prescription. Their availability in pharmacies and supermarkets decreases healthcare expenses, while enabling individuals to easily take charge of their own health. The broad access to prescription and over-the-counter medications allows people to effectively manage a variety of health issues.

The objective of the report is to present a comprehensive analysis of the Tunisia  Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Tunisia Pharmaceutical Market dynamics, structure by analyzing the market segments and project the Tunisia Pharmaceutical Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Tunisia Pharmaceutical Market make the report investor’s guide.
Tunisia Pharmaceutical Market Scope: Inquire before buying



Tunisia Pharmaceutical Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 2.15 Bn.


Forecast Period 2024 to 2030 CAGR:
12.9%
Market Size in 2030:
USD 5.03 Bn.


 Segments Covered:
by Formulation
Tablets
Capsules
Injectables
BFS-mode
Non-BFS-mode
Sprays
BFS-mode
Non-BFS-mode
Suspensions
BFS-mode
Non-BFS-mode
Powders
Others Formulations


by Age Group
Children & Adolescents
Adults
Geriatric


by Product
Prescription Drugs
Over-the-Counter (OTC) Drugs


by Distribution Channel
Hospitals
Retailers
Online pharmacies
Wholesale Distributors



Tunisia Pharmaceutical Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Tunisia Pharmaceutical Market, Key Players
1. Adwya
2. Sanofi (Sanofi-Aventis Tunisia)
3. TERIAK
4. Opalia pharma
5. Les Laboratoires UNIMED
6. MEDIS
7. Taha Pharma
8. Cytopharma Product
9. Pfizer, Inc.
10. Advans Pharma
11. Galpharma
12. Others
FAQs:
1. What is the Tunisia Pharmaceutical Market value in 2023?
Ans: The Tunisia Pharmaceutical Market size was value USD 2.15 Billion in 2023.

2. What is the Tunisia Pharmaceutical Market growth?
Ans: The Tunisia Pharmaceutical Market is anticipated to grow with a CAGR of 12.9% in the forecast period and is likely to reach USD 5.03 Billion by the end of 2030.

3. Which Formulation segment is expected to dominate the Tunisia Pharmaceutical Market during the forecast period?
Ans: The tablet formulation segment dominated the Tunisia pharmaceutical market in 2023 and accounted for the largest revenue share of 24.5%.

4. Who are the key players in the Tunisia pharmaceutical market?
Ans: Some key players operating in the Tunisia pharmaceutical market include Les Laboratoires UNIMED, Teriak, MEDIS, SIPHAT, OPALIA PHARMA, Taha Pharma, and Cytopharma.

5. What is the key driving factor for the growth of the Tunisia Pharmaceutical Market?
Ans: Tunisia's pharmaceutical market is driven by the presence of various developed and integrated facilities that promote R&D, production of pharmaceuticals in the country. Tunisia’s healthcare system is one of the more advanced health systems in the Middle East and North Africa.