Market Insights Health Medical Technology

Medical Devices - Burundi

Burundi

The Medical Devices market market in Burundi is expected to generate a revenue of US$14.00m in 2024.
Among the various markets in this market, Cardiology_Devices is projected to be the largest, with a market volume of US$1.77m in 2024.
This market is anticipated to grow at an annual growth rate of 9.82% from 2024 to 2029, resulting in a market volume of US$22.36m by 2029.
In global comparison, the United States is projected to generate the highest revenue of US$179.80bn in 2024.
Despite limited resources and infrastructure, Burundi is witnessing an increasing demand for medical devices to improve healthcare access and quality.

Key regions: Germany, Spain, Japan, United Kingdom, United States

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Analyst Opinion

The Medical Devices market in Burundi is experiencing steady growth due to increasing customer preferences for advanced healthcare technologies and the country's efforts to improve its healthcare infrastructure. Customer preferences in the Medical Devices market in Burundi are shifting towards more advanced and innovative technologies. As the demand for quality healthcare increases, customers are seeking medical devices that can provide accurate and reliable results. This has led to a growing demand for diagnostic imaging devices, such as X-ray machines and ultrasound systems, as well as laboratory equipment and surgical instruments. Customers are also showing a preference for portable and easy-to-use devices that can be used in remote areas with limited access to healthcare facilities. One of the key trends in the Medical Devices market in Burundi is the increasing adoption of telemedicine technologies. Telemedicine allows healthcare professionals to remotely diagnose and treat patients using telecommunications technology. This trend is particularly important in Burundi, where access to healthcare facilities is limited in rural areas. Telemedicine enables healthcare professionals to reach patients in remote areas, reducing the need for patients to travel long distances to receive medical care. This trend is expected to continue as the government and healthcare providers in Burundi invest in telemedicine infrastructure. Another trend in the Medical Devices market in Burundi is the growing demand for mobile health (mHealth) solutions. mHealth refers to the use of mobile devices, such as smartphones and tablets, to deliver healthcare services and information. The increasing penetration of mobile devices in Burundi has created opportunities for healthcare providers to reach patients and provide them with essential healthcare services. mHealth solutions can be used for a wide range of purposes, including health monitoring, appointment reminders, and access to medical information. This trend is expected to continue as healthcare providers in Burundi recognize the potential of mHealth in improving healthcare delivery. Local special circumstances in Burundi, such as limited healthcare infrastructure and a high burden of disease, are driving the growth of the Medical Devices market. The country has a shortage of healthcare facilities and medical professionals, which has created a demand for medical devices that can be used in low-resource settings. Additionally, Burundi has a high burden of communicable diseases, such as malaria and HIV/AIDS, which requires the use of medical devices for diagnosis and treatment. Underlying macroeconomic factors, such as population growth, government initiatives, and foreign investment, are also contributing to the growth of the Medical Devices market in Burundi. The country's population is growing rapidly, which is increasing the demand for healthcare services and medical devices. The government of Burundi has recognized the importance of improving healthcare infrastructure and has implemented initiatives to attract foreign investment in the healthcare sector. These factors are expected to drive the growth of the Medical Devices market in Burundi in the coming years.

Methodology

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.