The Africa Medical Devices market is growing with a steady pace; mainly due to the rapidly growing middle-income group, increasing healthcare expenditure, increasing number of medical tourists, proliferation of hospitals, government programs and support, and increasing incidence of life style diseases.
Taking all factors into consideration, we expect the Africa Medical Devices Market to reach around $ 7069.61 million from $ 4900 million in 2017, by the end of the forecast period at a CAGR of ~ 6.3 %.
Moreover, rising economic growth also drive the market in this region. According to the World Bank Group, in 2016, GDP of the Middle East & North Africa experienced the growth in GDP by 4.89%. It is expected that Africa’s macroeconomic climate over the next decade will expand the health care gap, as higher incomes will create new demand for the medical devices market.
Additionally, government also introduces some laws for maintaining the quality of medical devices. According to a report published by the International Diabetes Federation, in 2017, more than 16 million people are suffering with diabetes in the AFR Region. Increasing number of incidences are the main factors which drag the attention of players towards this region.
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Africa Medical Devices Market – Key Players
Some of the key players in this market are:
- Mindray Medical International Limited
- Koninklijke Philips Electronics NV.
- Siemens Ltd
- Toshiba Medical Systems Corporation
- GE Healthcare
- Medtronic
- Johnson & Johnson
Africa Medical Devices Market – Regional Analysis
The market of medical devices is growing rapidly in Africa region owing to upgrade of hospitals, introduction of health insurance policy, and rapidly growing middle-income group. Government is focusing more to improve the life of their citizen; thus, they are more focusing on the establishment of best hospitals in the region. This region is more focusing towards new technology and advance treatment option; thus, the local players are focusing more into mergers and acquisition and research and development programs for the development of Medical devices. These are the factors which are fueling the growth of the market of medical devices with the significant rates in this region.
Africa Medical Devices Market – Study Objectives
- To provide detail analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Africa medical devices market
- To provide insights about factors affecting the market growth
- To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments for Africa medical devices market
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Africa Medical Devices Market – Segments
Africa Medical Devices Market has been segmented on the basis of product type which comprises monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants and stimulation devices, automation and robotics and others. On the basis of therapeutic application; market is segmented into general surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology and urology, and others. On the basis of end users; market is segmented hospitals, ambulatory and home.
Major Table of Content
1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
Continued….
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