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Market Research Report

Africa Medical Devices Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

Published Date :

2021-02-24

Report Pages :

264

Format :

PDF

Region Covered :

Africa

Africa Medical Devices Market Overview

Due to rapidly growing need in healthcare ,middle income groups ,proliferation of the hospitals ,life style diseases ,government supports and increase in number of medical tourists ,the African medical device market is growing with a steady pace. Rising economy is also one of the factors that drives the market in this region.

A medical device is an instrument that is used for the diagnosis or therapeutic purpose for the management of the diseases and disorders .It is estimated that 62% of the African population is below the age of 25 which creates a guaranteed customer base. South Africa is considered as the largest market in MEA region but it spends lower of wealth in medical devices than average for this region , around 0.3% of GDP and 4% of health expenditure (2015) .Estimated total market size in 2019 was 1684.8 ($ millions) while in 2017 and 2018 it was 1371.5 and 1560.8 respectively.The medical device market in Africa is continuously dominated by United States, specifically in orthopedics, prosthetics, patient aids and consumables. Germany is second to the United States, followed by China, Switzerland, the United Kingdom, and Japan. China is making significant inroads, increasing by around 10% in terms of market share.

Unit : $ millions

Total Market Size

1102.3

1371.5

1560.8

1684.8

Total Local Production

177.1

193.39

210.95

227.8

Total Imports

1038.2

983.18

933

1007.6

Imports from the U.S.

294.34

309

324.4

350.3

Exchange Rate: 1 USD

14.71

 

 

12

Africa Medical Devices Market Segmentation

On the basis of product type:

  • Monitoring device
  • Drug delivery device
  • Diagnostic device
  • Stimulation device
  • Bio implants

On the basis of Therapeutic Application:

  • General surgery
  • Orthopedics
  • Neurology
  • Nephrology
  • Cardiology
  • Diagnostic imaging
  • Ophthalmology
  • ENT
  • Urology and others

On the basis of End Users:

  • Hospitals
  • Ambulatory
  • Home

We conducted interviews with the Consumers (B2C Vs B2B), Medical Devices Manufacturers, Brands, End User Industry Verticals, Contractual Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Benefits: Africa Medical Devices Market Outlook, 2019-2035 (Edition 2021)

  • The report includes Africa Medical Devices Market Manufacturers, Contract Manufacturers & Brands Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports), By Africa Medical Devices Market Type (Manufacturing & End User Industry Outlook), End User Industry Analysis (B2B Vs B2C), Competitive Intelligence, Opportunity Analysis
  • Market Data : Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Africa Medical Devices Market Industry and further it bifurcated into Countries, 2019-2035
  • Sales Data of Africa Medical Devices Market : By Each Packaging Type, By End Users, By Manufacturers Type, By Application, By Countries, (By Volume & Value), 2019-2035
  • Manufacturing Outlook of Africa Medical Devices Market : Manufacturers Outlook, Revenue & Market Share of Manufacturers, Manufacturing Capacity, Operational Margins, Contract Manufacturers & OBMs Outlook, etc., 2019-2035
  • Brands Outlook : Revenue Share (%) of Manufacturers By Packaging Type, Market Positioning, Ranking Analysis, Product Portfolio, Competitiveness, Regional Presence, No. of Products, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2019-2035
  • Africa Medical Devices Market End User Outlook : End User Preferences of Packaging & Brands, End User Spending, Average Spending Power, Adoption Rate (%), Penetration Rate (%), Green Initiatives, Govt. Regulations, etc., 2019-2035
  • Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, Porter's Five Force Model, PESTLE Analysis, etc., 2019-2035
  • Trade Data of Africa Medical Devices Market (Export & Import) : By Each Segment, By Major Destination Countries (By Value & Volume), 2019-2035
  • Supply & Demand Analysis : By Africa Medical Devices Market Type, End Use Verticals, By Countries, 2019-2035
  • Target & Potential Markets : By Major Countries & Industries
  • Detailed Outlook : Africa Medical Devices Market Industry Analysis : (Manufacturers, Raw Material Outlook, New Products, Ongoing Researches, End User Analysis, Manufacturing Models, Demand Analysis for Each End User Industry, Govt. Norms, Market Dynamics etc.)

Growth Drivers of the Market

Growing urban middle class population

Africa is potentially huge market with tremendously growing middle class population .The people from middle class groups are now expending money in healthcare .Earlier, people in Africa lived in poor health conditions due to lack of advancement in medical sector .Also, poor economy used be an important factor which prohibited them to seek good health conditions.

Growing Private Hospitals

There is a huge growth in private hospitals sector that are aiming to attract the health tourists. Private hospitals have good resources to manage the diseases. As they are getting updated with the upcoming advancement in diagnostics and therapeutics, the success rate is really high.

Increasing incidence in life style disease

This era is suffering from many life style diseases in ophthalmology, cardiovascular, diabetes, hypertension, cancer, addictions and neurological disease .This leads to the alarming need of advancement in diagnostic and therapeutic facilities.

Opportunities

The medical device market of Africa is still underdeveloped that offers a very good potential growth but it is restrained by many factors. Funding issues and poor infrastructure is one of them. The private healthcare sector is very sophisticated and provides world class facilities with several centers of excellence. However, approximately 93% of equipment is imported by US and Germany. Also, staff shortage, particularly in public sectors. Opportunities will exist for exporters of medical equipment as extensive upgrades and development of hospital infrastructure is being considered.

Challenges

However there exists huge hurdles too. The most common barrier is the low per capita income and the poor connectivity .Support system from R & D is not available. The other market barriers include high cost of imported medical devices and high sales tariffs. Although Africa has a large middle class consumer base there exists the reality that approx. 60% of population survives on less than USD 2 a day .The weak fluctuating African currency and dependency on imports is a threat to the market. Academic knowhow is not developed in this sector.

Forecasts (2019-2035)

Africa medical device market is expected to grow at a CAGR of 8.97 percent during the forecasting period 2019-2035, due to public-private partnerships to develop hospitals, government new health insurance schemes and growing ageing population. The South African medical device market will see high single-digit growth in local currency terms from 2019, a slow economic recovery and an increase in government investment. The establishment of the South African Health Products Regulatory Authority (SAHPRA) and other recent regulatory developments will benefit the healthcare sector and increase medical device market access. Domestic production will continue to grow in sophistication, but the vast majority of the market will remain dependent on imports.

South Africa’s medical device market is estimated to be worth USD1.27 billion. With expected year-on-year growth in medical devices of over 8% between 2019 and 2035 ,the increased interest in the country from local and international manufacturing companies is on the rise.

Africa Medical Devices Market Key Players

Some of the market players in medical device market are:

  • Mind ray Medical International Limited
  • Koninklijke Philips Electronics NV.
  • Siemens Ltd                    
  • Toshiba Medical Systems Corporation
  • GE Healthcare
  • Medtronic
  • Johnson & Johnson
  • Philips Electronics
  • Sotera Wireless
  • Lifesense

Recent development and news in Medical Device market

Wearable medical devices market is due to the increasing technological advancements and innovations, as it can improve the lifestyle of patients, as well as the general population. Currently, these devices are gaining immense popularity, due to improved technologies that are being introduced every day. Nanotechnology in Medical Devices market is a prominent and emerging branch in science that allows the manipulation of properties of matter at the nano scale. These properties are manipulated for better interaction with the molecules of the cell positioned inside and outside of a cell. Cancer along with the other prominent diseases is treated by nanotechnology. The increasing prevalence of lifestyle-associated life-threatening diseases is expected to be the major driver for the global nanotechnology in medical devices market.

Nanotechnology in medical devices are :

  • Lab on chip
  • Microarrays
  • Retinal implants
  • Hearing aid devices
  • Cardiac Rhythm Management device
  • Implantable material
  • Bone Restoring material
  • Medical textile and wound dressing material
  • Dental filling material

COVID-19 impact on "Africa Medical Devices Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Africa Medical Devices Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

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Key questions answered in this research report

  • What is the total market size by 2035 and what would be the expected growth rate of sales?
  • What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
  • What are the recent developments and business strategy of companies?
  • What are the market opportunities for the existing and entry level players?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?

Reasons to buy this market study

  • Africa Medical Devices Market Facilitate decision-making based on strong historic and forecast data for
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Reasons to buy this market study
  • Africa Medical Devices Market Facilitate decision-making based on strong historic and forecast data for
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Africa Medical Devices Market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitor’s business structure, strategy and prospects’s growth potential



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Africa Medical Devices Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

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