The Top 5 Pharmaceutical Companies in Nigeria

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The Nigerian pharmaceutical market is set to reach $11.3 billion by 2021, growing at a CAGR of 10.5% between 2016 and 2021. The industry has seen significant investment over the past few years, with foreign and domestic players continuing to increase their presence. As a result, Nigeria now has one of the most competitive pharmaceutical markets in Africa. This article takes a look at some of the largest pharmaceutical companies in Nigeria today. In this article, we take a look at the top five Nigerian pharma manufacturers based on revenue as of 2017. These are companies that produce drugs and other medicines for human consumption or similar substances marketed for medical use or diagnostic purposes; manufactures vaccines or similar infectious agents prepared for artificial introduction into humans or animals for prophylactic, immunologic or other therapeutic purposes; produces sera or other blood fractions; and any company that provides services related to these products like wholesalers and distributors

GlaxoSmithKline Nigeria Plc.

GlaxoSmithKline Nigeria Plc. (GSK) is a pharmaceutical company headquartered in Nigeria. The company’s products are primarily focused in the areas of respiratory, oncology, and infectious disease. GSK also offers vaccines and nutritional products. GSK manufactures and distributes products across a wide range of therapeutic segments, including anti-retroviral, anti-malarial, vaccines, oncology, cardiovascular, diabetes and other metabolic diseases, gastrointestinal disorders, and neurology. The company’s product portfolio also includes a range of branded generic products. GSK was one of the first multinational pharmaceutical companies to enter the Nigerian market in the 1990s. The company’s presence in the Nigerian market has grown significantly since then. GSK currently employs around 2,500 people in Nigeria.

Merck Ltd.

Merck is a multinational pharmaceutical company headquartered in the United States. The company specializes in a range of healthcare products, including vaccines, drugs, and other biologics. Merck’s products are primarily focused in the areas of cardiology, oncology, infectious diseases, and neurology. The company is one of the largest pharmaceutical companies in Nigeria, with over 6,000 employees in the country. Merck is a pioneer in vaccine research, production, and delivery in Nigeria. The company also has a strong research and development presence in the country.

Pfizer Nigeria Ltd.

Pfizer is a pharmaceutical company headquartered in the United States. Pfizer produces a range of pharmaceutical products, including vaccines, drugs, and biologics. Pfizer’s products are primarily focused in the areas of cardiology, oncology, infectious diseases, and neurology. Pfizer has been a key player in the Nigerian pharmaceutical industry since 1972. The company currently employs over 4,000 people in the country. Pfizer is one of the largest pharmaceutical companies in Nigeria.

Cadbury Pharmaceuticals Ltd.

Cadbury Pharmaceuticals is a Nigerian pharmaceutical company headquartered in Lagos. The company specializes in the production of finished pharmaceutical products and active pharmaceutical Ingredients (API). Cadbury Pharmaceuticals operates across a wide range of therapeutic segments. The company’s product portfolio also includes branded generic products. Cadbury has been operating in Nigeria since the 1990s. The company currently employs around 200 people in the country.

Reckitt Benckiser (Nigeria) Ltd.

Reckitt Benckiser is a multinational consumer goods company headquartered in the United Kingdom. The company specializes in the production of health, hygiene, and home products. Reckitt Benckiser’s products are primarily focused in the areas of cardiology, oncology, infectious diseases, and neurology. The company also offers a range of healthcare services, including data collection and healthcare management. Reckitt Benckiser currently employs over 500 people in Nigeria.

Conclusion

Nigeria’s pharmaceutical industry has grown significantly in the last few years. With an expanding population and rising healthcare needs, the country’s pharmaceutical market is set to grow significantly in the coming years. This is good news for local and international pharmaceutical companies looking to expand their presence in the Nigerian market.