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Competitiveness of the Kenya pharmaceutical manufacturing industry: Price comparison of local and imported pharmaceutical products

Author: Vugigi S. K. Ogaji I. J. and Thoithi G. N.
Is Part Of: Pharmaceutical Journal of Kenya, Volume 23, No. 1 (2016)
Abstract:
The World Health Organization has identified affordability as a contributory factor to medicine access. The Kenya National Pharmaceutical Policy (2012) aims to promote access to affordable essential medicines through local production. The objective of this study was to compare the trade price of local and imported pharmaceutical equivalents in Kenya. A list of locally manufactured essential medicines was prepared by examining the Kenya Essential Medicines list and local manufacturers’ product lists. Medicines with three or more local and imported pharmaceutical equivalents were subjected to price comparison using Excel® functions and scatter diagrams correlation. There was no significant variation between mean price values for local and imported products. Standard deviation values were higher for the majority of imported products. A local pharmaceutical equivalent was cheaper for 39.5 % and an imported for 47.4 % of the products. Scatter diagrams demonstrated prevalence of cheaper imported products. Majority of imported pharmaceutical equivalents were cheaper than local products making the Kenya pharmaceutical industry non-competitive.
Keywords: Local, imported, pharmaceutical equivalents, price
Publisher: The Pharmaceutical Society of Kenya
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