Orthopedic Devices - Tanzania | Statista Market Forecast

The market for Orthopedic Devices market in Tanzania is estimated to generate a revenue of US$16.38m in 2024.
It is projected to experience a compound annual growth rate (CAGR 2024-2029) of 7.42%, leading to a market volume of US$23.42m by 2029.
In terms of global comparison, the United States is expected to generate the highest revenue in this market, reaching US$16.02bn in 2024.
Tanzania's orthopedic device market is witnessing a surge in demand due to an aging population and an increase in sports-related injuries.

Definition:
The Orthopedic Devices market contains medical equipment and accessories used to treat orthopedic disorders, including joint reconstruction, spinal devices, trauma fixation devices, arthroscopic devices, etc.

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: Johnson & Johnson, Zimmer Biomet, Stryker, Medtronic. Further information on the key players can be found in the Market Shares boxes.

Joint reconstruction implants
Spinal devices
Trauma fixation devices
Arthroscopy devices

Orthopedic pharmaceuticals
Orthopedic supplements

The Orthopedic Devices market in Tanzania is experiencing steady growth due to increasing customer preferences for advanced medical devices and a rising number of orthopedic surgeries in the country. Customer preferences in the Orthopedic Devices market in Tanzania are shifting towards technologically advanced devices that offer improved functionality and better patient outcomes. Tanzanian consumers are increasingly seeking orthopedic devices that are durable, lightweight, and easy to use. They also prioritize devices that provide accurate diagnostic information and enable minimally invasive surgical procedures. As a result, manufacturers in the market are focusing on developing innovative products that meet these customer preferences. One of the key trends in the Orthopedic Devices market in Tanzania is the growing demand for joint replacement surgeries. The country has witnessed an increase in the prevalence of orthopedic conditions such as osteoarthritis and rheumatoid arthritis, leading to a higher number of patients requiring joint replacement procedures. This trend is driving the demand for orthopedic devices such as hip and knee implants. Additionally, the aging population in Tanzania is contributing to the rising demand for orthopedic devices as older individuals are more susceptible to orthopedic conditions. Local special circumstances in Tanzania also play a role in the development of the Orthopedic Devices market. The country has a limited number of specialized healthcare facilities and orthopedic surgeons, resulting in longer waiting times for orthopedic surgeries. This creates a demand for orthopedic devices that can be used in non-surgical treatments or in less invasive procedures. Manufacturers are responding to this demand by developing devices such as braces, splints, and orthotics that can provide temporary relief or support for patients while they wait for surgical interventions. Underlying macroeconomic factors in Tanzania are also contributing to the growth of the Orthopedic Devices market. The country's improving healthcare infrastructure and increasing healthcare expenditure are creating a favorable environment for the market. Additionally, the government's efforts to attract foreign investment in the healthcare sector are driving the entry of international orthopedic device manufacturers into the Tanzanian market. This influx of foreign investment is expected to further accelerate the growth of the Orthopedic Devices market in Tanzania. In conclusion, the Orthopedic Devices market in Tanzania is witnessing growth due to customer preferences for advanced devices, increasing demand for joint replacement surgeries, local special circumstances, and underlying macroeconomic factors. Manufacturers in the market are focusing on developing innovative products that meet customer preferences and cater to the specific needs of the Tanzanian healthcare system.

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.