Medical Devices - Niger | Statista Market Forecast

The projected revenue in the Medical Devices market market in Niger is estimated to reach US$70.97m in 2024.
The largest market within the Medical Devices market industry is Cardiology_Devices, which is projected to have a market volume of US$11.34m in 2024.
It is anticipated that the revenue will experience an annual growth rate (CAGR 2024-2029) of 9.59%, resulting in a market volume of US$112.20m by 2029.
In terms of global comparison, the United States is expected to generate the highest revenue with US$181.00bn in 2024.
Niger's medical device market is experiencing a surge in demand for portable and affordable diagnostic devices.

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 Niger is experiencing significant growth and development.

Customer preferences: In Niger, customers are increasingly seeking out advanced medical devices that can improve the quality of healthcare services. This includes a growing demand for diagnostic devices, such as imaging equipment and laboratory instruments, which can aid in accurate and timely diagnosis. Additionally, there is a rising need for therapeutic devices, such as surgical instruments and rehabilitation equipment, to support the treatment and recovery of patients. Customers also prioritize the affordability and accessibility of medical devices, as the healthcare system in Niger faces resource constraints.

Trends in the market: One of the key trends in the Medical Devices market in Niger is the adoption of digital health technologies. This includes the use of telemedicine and mobile health solutions, which enable remote consultations and monitoring of patients. The integration of digital health technologies with medical devices allows for more efficient healthcare delivery, especially in rural areas where access to healthcare facilities is limited. Another trend is the increasing focus on preventive healthcare, leading to a higher demand for devices that can monitor and track health parameters, such as wearable fitness trackers and home monitoring devices.

Local special circumstances: Niger faces unique challenges in its healthcare system, including a lack of healthcare infrastructure and limited access to medical services in rural areas. As a result, there is a growing need for medical devices that can be used in resource-constrained settings. This includes portable and low-cost devices that can be easily transported and operated in remote locations. Additionally, the high prevalence of infectious diseases, such as malaria and tuberculosis, in Niger necessitates the use of diagnostic devices that can quickly and accurately detect these diseases.

Underlying macroeconomic factors: The development of the Medical Devices market in Niger is influenced by several macroeconomic factors. One of the main drivers is the increasing investment in healthcare infrastructure by the government and international organizations. This includes the construction of new hospitals and clinics, as well as the procurement of medical equipment. Additionally, the growing population and rising disposable income levels contribute to the demand for medical devices. However, the market is also affected by challenges such as limited healthcare funding and a shortage of skilled healthcare professionals. These factors can hinder the adoption and usage of medical devices in Niger.

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.