Market Insights Health Medical Technology

Medical Devices - Mozambique

Mozambique

In 2024, the projected revenue in the Medical Devices market market in Mozambique is expected to reach US$94.63m.
The largest market within this industry is Cardiology_Devices, which is projected to have a market volume of US$16.15m in the same year.
It is anticipated that the revenue in this market will experience an annual growth rate of 12.07% (CAGR 2024-2029), resulting in a market volume of US$167.30m by 2029.
When compared globally, the United States is expected to generate the highest revenue in the Medical Devices market market, with a projected amount of US$179.80bn in 2024.
Mozambique's medical device market is experiencing significant growth due to increased government investment in healthcare infrastructure.

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

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Analyst Opinion

The Medical Devices market in Mozambique is experiencing steady growth due to various factors such as increasing healthcare expenditure, rising chronic diseases, and technological advancements in the healthcare sector.

Customer preferences: In Mozambique, customers prefer medical devices that are cost-effective, easy to use, and require minimal maintenance. Due to limited healthcare resources and infrastructure, there is a growing demand for portable and compact medical devices that can be easily transported to remote areas. Customers also value medical devices that are reliable and provide accurate results, as accuracy is crucial in diagnosing and treating patients.

Trends in the market: One of the key trends in the Medical Devices market in Mozambique is the increasing adoption of digital health technologies. The integration of digital health technologies with medical devices allows for remote monitoring, telemedicine, and data analytics, which can improve healthcare outcomes and efficiency. This trend is driven by the need to overcome geographical barriers and improve access to healthcare services, especially in rural areas. Another trend in the market is the growing demand for diagnostic and imaging devices. With the increasing prevalence of chronic diseases such as cardiovascular diseases and cancer, there is a need for accurate and efficient diagnostic tools. Diagnostic devices such as ultrasound machines, X-ray machines, and MRI scanners are in high demand as they help in early detection and diagnosis of diseases.

Local special circumstances: Mozambique is a low-income country with a significant portion of the population living in rural areas. This poses challenges in terms of healthcare infrastructure, accessibility, and affordability. The government has been taking initiatives to improve healthcare services and infrastructure, but there is still a long way to go. The lack of healthcare facilities and trained healthcare professionals in rural areas creates a need for portable and user-friendly medical devices that can be used in remote settings.

Underlying macroeconomic factors: The economic growth in Mozambique has been relatively stable in recent years, which has led to an increase in healthcare expenditure. The government has been investing in the healthcare sector to improve healthcare services and infrastructure. Additionally, the rising middle-class population and increasing awareness about healthcare have contributed to the growth of the Medical Devices market in Mozambique. In conclusion, the Medical Devices market in Mozambique is witnessing growth due to factors such as increasing healthcare expenditure, rising chronic diseases, and technological advancements. Customers prefer cost-effective and portable medical devices that are easy to use and require minimal maintenance. The market is also witnessing trends such as the adoption of digital health technologies and the demand for diagnostic and imaging devices. However, challenges related to healthcare infrastructure and accessibility in rural areas need to be addressed to fully tap into the potential of the market.

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.