Mali - Medical EquipmentMali - Medical Equipment
Overview
U.S. companies enjoy a competitive advantage in pharmaceuticals sector. However, illegal imports and the import of counterfeit pharmaceutical products pose significant problems and represent about 55% to 60% of the market – approximately CFA 60 billion ($105 million), according to the Order of Pharmacists of Mali (Ordre des Pharmaciens du Mali). In addition to traditional wholesalers and retailers, Mali’s large informal sector imports and sells pharmaceuticals without authorization. Mali’s first pharmaceutical factory has experienced financial difficulties and is able to produce only limited products for domestic consumption. Privatization of the factory is ongoing. Mali’s second pharmaceutical factory was inaugurated in May 2018.
Leading Sub-Sectors
Mali imports numerous pharmaceutical products and the sector is dynamic. Due to lack of factories, expertise, and infrastructure, Mali will continue to import large quantities of all kinds of pharmaceuticals in the next several years. Illegal imports will also continue.
Opportunities
The likelihood of successful pharmaceutical sales will be greatly increased by using a local representative with an existing distribution network of small and large pharmacies. Having local partners that are also registered with Mali’s pharmaceutical guild and the Ministry of Health will also ensure the Malian authorities can provide support in cases of identification of counterfeit medicines and illegal importation.
Web Resources
Ordre des Pharmaciens du Mali
Embassy Bamako’s Commercial Section: BamakoEcon@state.gov