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The medical devices market in Africa is estimated to grow at a CAGR of 7.39% between 2022 and 2027. The market size is forecast to increase by USD 1,967.35 million. The growth of the market depends on several factors, including increasing number of chronic diseases in Africa, rising number of hospitals and clinics in Africa, and an increase in the number of CVD in Africa.
This medical devices market in Africa report extensively covers market segmentation by end-user (hospitals and clinics, diagnostic centres, and others) and type (in-vitro diagnostics, cardiovascular devices, diagnostic equipment, dental equipment, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Increasing number of chronic diseases in Africa are notably driving the market growth, although factors such as high cost of medical devices impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the medical devices market growth is the increasing number of chronic diseases in Africa. There is a growing concern for chronic diseases in Africa. One of the key contributors to the rising prevalence of chronic diseases in the region is the adoption of urban lifestyles. Individuals are at risk of developing chronic diseases such as obesity, hypertension, and diabetes due to these lifestyle changes.
Aging population is another significant factor that has major implications for the prevalence of chronic diseases in Africa. For instance, as the population ages, there is an increased risk of developing chronic diseases, including arthritis, dementia, and cancer. Thus, the increase in the number of NCDs is expected to increase the adoption of medical devices in Africa during the forecast period.
A key factor shaping the medical devices market growth is the increase in the adoption of wearable medical devices. Due to the rise in chronic diseases such as diabetes, hypertension, and CVD, there has been a significant growth in the adoption of wearable medical devices in Africa. The demand for these devices is increasing due to their ability to monitor and manage various health conditions, improve the quality of life, and reduce the cost of healthcare.
For instance, an example of a wearable medical device that has gained popularity in Africa is the smart insulin pen. This device is designed to assist diabetic patients in managing their insulin intake, ensuring they take the right amount of insulin at the right time intervals. Thus, such increase in the adoption of wearable medical devices can significantly contribute to the medical devices market growth in Africa.
High cost of medical devices is one of the key challenges hindering the medical devices market growth. One of the significant barriers to providing quality healthcare for people in Africa is the high cost of medical devices. Factors such as a lack of local production, high import duties, and inadequate regulatory frameworks contribute to high cost of medical devices.
For instance, as most medical devices used in African hospitals and clinics are imported from Europe, Asia, and North America, which makes them more expensive due to import duties, shipping costs, and currency exchange rates. Thus, the above factors can hinder the medical devices market in Africa during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Medical Devices Market in Africa Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Boston Scientific Corp: The company offers medical devices such as Snowden Pencer laparoscopic instruments and V.Mueller open instrumentation.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the hospitals and clinics segment will be significant during the forecast period. Healthcare and clinic services in the medical device market are essential for the advancement of healthcare in Africa. As Africa has a very diverse and complicated healthcare system, which poses as a significant barrier for accessing quality healthcare for many patients. As a result, healthcare and clinic services are essential in providing accessible healthcare to patients, especially those in remote areas.
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The hospitals and clinics segment was valued at USD 2,558.86 million in 2017 and continued to grow until 2021. One prime example of healthcare and clinic services in the medical device market in Africa is telemedicine. It enables patients to receive medical consultation and healthcare services remotely without the need to visit a hospital or clinic physically. For instance, in Nigeria, the E-Health platform helps doctors to diagnose and provide treatment to patients from anywhere in the country, including remote areas. It enables patients to receive medical consultations from anywhere at any time. Thus, the increasing adoption of healthcare and clinic services can significantly drive the medical market growth in Africa during the forecast period.
The medical devices market in Africa report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the medical device market in Africa as a part of the global healthcare equipment market. Even though factors such as expanding access to improved healthcare in emerging economies and increase in cases of chronic conditions drives the market growth, other factors including pricing pressure by governments and lack of skilled manpower impede the market growth. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Medical Devices Market In Africa Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.39% |
Market growth 2023-2027 |
USD 1,967.35 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.86 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Becton Dickinson and Co., Boston Scientific Corp., Canon Inc., CapeRay Medical Pty Ltd., Danaher Corp., DISA Life Sciences, F. Hoffmann La Roche Ltd., Fresenius SE and Co. KGaA, Gabler Medical UK Ltd., General Electric Co., Johnson and Johnson Services Inc., Koninklijke Philips NV, Lodox Systems Pty Ltd., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd, Olympus Corp., Siemens AG, Sinapi Biomedical, Stryker Corp., TiTaMED, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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