Medical Devices - Africa | Statista Market Forecast

The projected revenue in the Medical Devices market market in Africa is expected to reach US$9.34bn in 2024.
Within this market, the largest market is Cardiology_Devices, which is projected to have a market volume of US$1.41bn in 2024.
Looking ahead, the revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 6.71%, resulting in a market volume of US$12.92bn by 2029.
In comparison to the global market, the United States is expected to generate the highest revenue with US$181.00bn in 2024.
The demand for medical devices in Africa is rapidly increasing, driven by the need to improve healthcare infrastructure in developing nations.

Definition:
The Medical Devices market includes instruments and machines helping for the prevention, diagnosis, and treatment of diseases. This market is further broken down into 6 submarkets according to medical specialties or types of application. Medical devices that treat the heart, such as pacemakers, can be found in the Cardiology Devices market. The Diagnostic Imaging market covers machines and instruments for diagnosis of many different kinds of conditions. Devices for orthopedic applications, such as joint implants, are included in the Orthopedic Devices market. Ophthalmic Devices are devices used for conditions related to the eye. The General & Plastic Surgery Devices covers many different products required for surgeries. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Siemens Healthineers.

Implants and prostheses
Assistive technology products (e.g., hearing aids, wheelchairs)
Clinical engineering products
Imaging devices
Active medical devices (i.e., operating with electrical energy)

Services (i.e., treatment expenses)
Consumer technologies, e.g., fitness trackers
Products for laboratory testing (IVD)

The Medical Devices market in Africa is experiencing significant growth and development due to various factors.

Customer preferences: Customers in Africa are increasingly demanding advanced medical devices that can provide accurate and efficient healthcare solutions. They are seeking devices that are user-friendly, cost-effective, and can cater to the specific healthcare needs of the African population. Additionally, there is a growing demand for portable and wearable medical devices that can be easily accessed and used in remote areas with limited healthcare infrastructure.

Trends in the market: One of the key trends in the Medical Devices market in Africa is the increasing adoption of digital health technologies. This includes the use of telemedicine, mobile health applications, and remote patient monitoring devices. These technologies are helping to bridge the gap between patients and healthcare providers in remote areas, improving access to healthcare services and enabling early detection and prevention of diseases. Another trend in the market is the focus on developing locally manufactured medical devices. African countries are striving to reduce their dependence on imported medical devices and are investing in local manufacturing capabilities. This not only helps in creating job opportunities but also ensures the availability of affordable and customized medical devices that are suitable for the local healthcare context.

Local special circumstances: Africa is a diverse continent with unique healthcare challenges. The lack of adequate healthcare infrastructure, shortage of skilled healthcare professionals, and limited access to quality healthcare services are some of the special circumstances that impact the Medical Devices market in Africa. In response to these challenges, there is a growing emphasis on developing innovative and low-cost medical devices that can address the specific healthcare needs of the African population.

Underlying macroeconomic factors: Several macroeconomic factors are contributing to the development of the Medical Devices market in Africa. Economic growth, increasing healthcare expenditure, and government initiatives to improve healthcare infrastructure are some of the key drivers. Additionally, the rising burden of non-communicable diseases, such as diabetes and cardiovascular diseases, is creating a demand for advanced medical devices for diagnosis, treatment, and monitoring. In conclusion, the Medical Devices market in Africa is witnessing significant growth and development driven by customer preferences for advanced and user-friendly devices, the adoption of digital health technologies, the focus on local manufacturing, and the unique healthcare challenges in the region. The underlying macroeconomic factors, such as economic growth and increasing healthcare expenditure, are also contributing to the market's growth.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.