Risk Management and Healthcare Policy

Global South's Unmet Needs - Risk to Sustainable Use of Pharmaceuticals and Medical Devices

Global South consists of a large diversity of healthcare and pharmaceutical markets belonging mostly to the Low-and-Middle-Income countries scattered across Latin America, Africa, Asia and the Pacific islands. These nationswill continue to lead real GDP growth worldwide in the upcoming decades. Consequently, the Global South countries also lead the global demand for pharmaceuticals (in terms of volume based / subscription drugs turn over) and medical services. This fact is becoming more prominent as the vast majority of global burden of noncommunicable diseases (NCDs) and Population Aging is also moving from the historical dominant trend in the Global North nations towards the South.