The healthcare and pharmaceutical industry in Pakistan is a huge business. It’s one of the largest industries in the country, and it has been growing steadily over the years.
The healthcare and pharmaceutical market in Pakistan is enormous. The country has a strong tradition of medicine, and its people are known for their dedication to ensuring that their patients receive the best care possible.
The health care delivery system in Pakistan consists of the public and private sectors. Under the constitution, health is primarily the responsibility of the provincial government, except in the federally administered areas. Health care delivery has traditionally been jointly administered by the federal and provincial governments with districts mainly responsible for implementation.
Pakistan’s private sector:
Pakistan’s private sector healthcare system is outperforming the public sector healthcare system in terms of service quality and patient satisfaction, with 70% of the population being served by the private health sector, with enormous cost to be borne by the public itself.
The national health infrastructure comprises 1201 hospitals, 5518 Basic Health Units, 683 Rural Health Centers, 5802 Dispensaries, 731 Maternity & Child Health Centers, and 347 TB centers, and the total availability of beds in these health facilities is estimated at 123394.
The pharmaceutical market in Pakistan is one of the most important markets in the country. This is because this industry is considered the backbone of the economy. The pharmaceutical industry in Pakistan is growing at a rapid pace, contributing significantly to the national economy. In the last couple of years, the Pakistani economy has been suffering due to bad economic conditions particularly the exchange rate. The economy is also facing the problem of domestic inflation, slow economic growth, as well as the devaluation of the Pakistani rupee against other major currencies.
The pharmaceutical industry in Pakistan is one of the most important industries in the country heavily dependent on imports for raw materials and equipment. It is a very lucrative sector, which offers good job opportunities to the youth of Pakistan. Pharmaceutical companies in Pakistan are engaged in R&D activities to develop new medicines for various diseases and health conditions in a very challenging environment.
However, there are many challenges that the industry faces, with regulatory and pricing challenges being at the top of the list. With the government’s focus on boosting the pharmaceutical and healthcare market, the industry is poised for good growth, with many opportunities present for drawing in foreign investment such as contract manufacturing for MNC’s, exports, etc.
Healthcare and Pharmaceutical Market revenue
The Pakistani healthcare providers sector had total revenues of $5.6bn in 2020, representing a compound annual growth rate (CAGR) of 3.1% between 2016 and 2020.
In 2020, the value of the pharmaceutical sector of Pakistan was estimated to be around USD 3.2 billion, doubling from USD 1.64 billion in 2021. Including institutional sales, the industry posits that this sector easily becomes a retail market worth USD 4 billion. The Healthcare Providers Market in Pakistan was estimated to be valued at $5.6 Billion in 2020.
Other good pharma companies to look out for:
The Pakistani pharmaceutical and healthcare industries are very competitive, challenging and growing. Nearly 650 pharmaceutical companies are operating in Pakistan, with major global leaders having a presence in the country. Many Local Pharmaceutical companies in Pakistan also come among the best companies who have a great presence in the international market due to their efficacious and economical products with strong supply chain network. Few mentioned below:
⦁ABBOTT LABORATORIES (PAKISTAN) LIMITED.
⦁GETZ PHARMA (PRIVATE) LIMITED.
⦁Don Valley Pharmaceuticals
Getz Pharma is among the Fastest Growing Pharmaceutical Company. As A quality-centric company that focuses on acquiring state-of-the-art technology, Getz Pharma manufactures top-quality products with the latest European machinery and analytical instruments and is among the fastest-growing pharmaceutical companies in most of the markets it operates. Getz pharma has a global presence in over 23 countries and this shows that Getz pharma is the largest pharmaceutical company in Pakistan, Getz Pharma’s vision is to become Pakistan’s top medicine company in every region it operates in, thus providing an excellent opportunity for their employees to have a diverse and multicultural exposure of international marketing & businesses.
Abbott Laboratories (Pakistan) Limited being a multinational is recognized around the world for responsible and sustainable business. They are currently working in 160 countries and they are discovering new ways to make life better for more than 130 years. They have 113k employees that are working around the world to make a lasting impact on health. Its vision is to be the most admired healthcare company in Pakistan. And they are on the mission to deliver consistently superior products and services which contribute significantly to improving the quality of life of consumers. Abbott laboratories are located in Karachi and are the main distributors of medicine in Karachi and across Pakistan.
Don Valley is a pharmaceutical company in Lahore and has many Pharmaceutical distributors across Pakistan and globe. Don valley comes on the list of one of the best pharmaceutical companies in Lahore as it focuses on High customer satisfaction, competitive prices, cost-effective logistics, global market presence, strong supply chain network, having technical expertise and uses advanced technology to satisfy its customers. The company has a wide range of 400 plus products for common ailments to complicated disorders and is one of the finest medicine companies in Pakistan.
The Don Valley Medicine Company comes among the best pharmaceutical manufacturing companies in Pakistan because Don Valley Pharma has manufactured and supplied quality healthcare products for over 25 years in local markets, leading prestigious Govt Institutions and global markets. Don Valley is an innovator when it comes to natural healthcare products. They are also one of the best Nutraceutical companies in Lahore. As they introduced Nutraceutical in Pakistan when very few pharmaceutical companies were even paying attention to these essential healthcare products. Their goal is to become Pakistan’s top pharmaceutical company, and also Pakistan’s top Nutraceutical Company.