Mauritius - PharmaceuticalsMauritius - Pharmaceuticals
This is a best prospect industry sector for this country.
Overview
As of mid-2019, there were 386 registered private drugstores and 33 registered pharmaceutical wholesalers in Mauritius. Pharmaceutical products can only be imported by wholesalers licensed by the Pharmacy Board, which operates under the aegis of the Ministry of Health and Quality of Life. Of the $130 million of pharmaceuticals imported in 2018, the Health Ministry accounted for about 25 percent of the import value. The government purchases mostly generic medications through tenders issued throughout the year according to an established annual procurement plan. The private hospitals and drug stores tend to buy branded products through local wholesalers. In 2018, India remained the main supplier of pharmaceuticals to Mauritius, with 28 percent of the market, followed by France (16 percent), South Africa (eight percent), Germany (eight percent), and the United Kingdom (six percent). Imports from the United States in 2018 were two percent of the total, but some European imports originate from U.S. subsidiaries. Ajanta Pharma, an Indian company, is currently the only pharmaceutical-manufacturing company in Mauritius.
Unit: USD Thousands |
2016 |
2017 |
2018 |
2019 (Estimate) |
Total Local Production |
- |
4,731 |
4,686 |
4,920 |
Total Exports |
32,228 |
32,192 |
33,541 |
35,218 |
Total Imports |
114,289 |
113,574 |
130,260 |
136,773 |
Imports from the U.S. |
1,470 |
1,620 |
2,782 |
2,921 |
Total Market Size |
- |
150,497 |
101,405 |
106,475 |
Exchange Rates |
36.00 |
35.30 |
34.62 |
35.50 |
(total market size = (total local production + imports) - exports)
Data Source: i) Statistics Mauritius, ii) Economic Development Board
Leading Sub-Sectors
The main categories of pharmaceutical products imported into Mauritius:
-
Non-antibiotic medicines
-
Vaccines (human and veterinarian)
-
Antibiotics
-
Anti-infective, antiretroviral and antihypertensive drugs
-
Cardiovascular drugs
-
Cytotoxic drugs
-
Antidiabetics
-
Renal drugs
-
Opioids, antituberculosis, ophthalmic, dermatological and NICU drugs
Opportunities
Since Mauritius imports the vast majority of its pharmaceuticals, there are opportunities for U.S. products to increase their share of the market. Private pharmaceutical wholesalers represent the best export opportunities since they import about 75 percent of the total pharmaceutical products in Mauritius. Government procurement tends to favor generic medicines. Some private clinics occasionally do their own procurement.
U.S. companies could also consider manufacturing pharmaceuticals in Mauritius for the African market. As a member of SADC and COMESA, exports from Mauritius to members of these organizations benefit from duty-free access, provided the rules of origin are met. The government offers a tax holiday of eight years, three percent corporate tax on profits derived from exports, investment tax credit for investment in hi-tech manufacturing, and air- and sea-freight rebates on exports for new companies involved in the manufacturing of pharmaceuticals.
Web Resources
Economic Development Board
Ministry of Health and Quality of Life
Public Procurement Portal
Statistics Mauritius