![]() Subsequently, in June 2021, the Economic Development Board (EDB) launched an invitation for local and international companies with relevant field experience to express their interests in implementing pharmaceutical and vaccine manufacturing projects in Mauritius. In 2021, the Mauritian government announced that it would be setting up the Mauritius Institute of Biotechnology (MIB) to promote local vaccine manufacturing. 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. 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. companies could also consider manufacturing pharmaceuticals in Mauritius for the African market. Some private clinics occasionally do their own procurement. Government procurement tends to favor generic medicines. Private pharmaceutical wholesalers represent the best export opportunities since they import about 75 percent of the total pharmaceutical products in Mauritius. products to increase their share of the market. Since Mauritius imports most of its pharmaceuticals, there are opportunities for U.S. Opioids, antituberculosis, ophthalmic, dermatological and NICU drugs.Anti-infective, antiretroviral, and antihypertensive drugs.The main categories of pharmaceutical products imported into Mauritius: (Total market size = (total local production + imports) - exports)ĭata Source: i) Statistics Mauritius, ii) Economic Development Board, iii) Embassy Estimates for 2021 Leading Sub-Sectors There are currently no pharmaceutical manufacturing companies in Mauritius. As of 2021, India remained the main supplier of pharmaceuticals to Mauritius, with 58 percent of the market, followed by France (9 percent), Germany (6 percent), United States (4 percent), United Kingdom (3 percent) and South Africa (3 percent). The government purchases mostly generic medications throu private hospitals and drug stores tend to buy branded products through local wholesalers. 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. Mauritius is dependent to a large extent on importation of pharmaceutical products for supply to both public and private healthcare institutions.Īs of April 2022, there were 394 registered private drugstores, and 48 registered pharmaceutical wholesalers in Mauritius. Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.Additionally, the German pharmaceutical market generated revenues of 49.4 billion euros in 2021, which made it the leading pharmaceutical market in Europe. This means Germany has a positive trade balance in the pharmaceutical market as its exports are worth more than its imports. The value of pharmaceuticals imported into Germany was approximately 71 billion euros in 2021. While Switzerland and the Netherlands were the second and third highest with export values of 8.4 and eight billion euros, respectively. The United States was by far the primary destination for German pharmaceuticals exports in 2021, with an export value of over 17.8 billion euros. The annual value of pharmaceuticals exported from Germany has increased year-on-year since 2002, with the only exceptions being in 2009, 2011, and 2019, when the value decreased slightly. In 2021, approximately 102 billion euros worth of pharmaceuticals were exported from Germany, the highest value in the provided time interval.
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