Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Africa

Africa

The revenue of the Other Medical Devices market market in Africa is expected to reach US$3.54bn in 2024.
With an annual growth rate (CAGR 2024-2029) of 5.70%, it is projected to reach a market volume of US$4.67bn by 2029.
In comparison to other countries, the United States is expected to generate the highest revenue of US$72,780.00m in 2024.
In Africa, the adoption of other medical devices in the medical technology market is growing rapidly, especially in countries like South Africa and Egypt, where there is a strong focus on improving healthcare infrastructure.

Key regions: United Kingdom, China, Netherlands, Europe, Italy

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Analyst Opinion

The Other Medical Devices market in Africa is experiencing significant growth and development.

Customer preferences: Customers in Africa are increasingly seeking access to a wider range of medical devices to meet their healthcare needs. This includes devices such as diagnostic equipment, surgical instruments, and therapeutic devices. As the healthcare infrastructure in Africa continues to improve, there is a growing demand for these medical devices to support the delivery of quality healthcare services. Additionally, customers are also looking for innovative and technologically advanced devices that can provide accurate and efficient diagnosis and treatment.

Trends in the market: One of the key trends in the Other 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 in healthcare access, especially in remote areas where access to healthcare facilities is limited. The use of digital health technologies is also improving the efficiency and effectiveness of healthcare delivery, leading to better patient outcomes. Another trend in the market is the focus on affordability and cost-effectiveness. Many customers in Africa have limited financial resources and are looking for medical devices that are affordable and provide value for money. This has led to the development of low-cost medical devices that are specifically designed for the African market. These devices are not only affordable but also meet the specific healthcare needs of the local population.

Local special circumstances: Africa is a diverse continent with varying healthcare needs and challenges in different countries and regions. This diversity has led to the development of locally tailored medical devices that address specific healthcare challenges. For example, in countries with a high prevalence of infectious diseases such as malaria and HIV/AIDS, there is a demand for diagnostic devices that can provide quick and accurate results. Similarly, in countries with a high burden of non-communicable diseases such as diabetes and cardiovascular diseases, there is a need for therapeutic devices that can effectively manage these conditions.

Underlying macroeconomic factors: The growth of the Other Medical Devices market in Africa is also driven by underlying macroeconomic factors. Economic growth in many African countries has resulted in an increase in disposable income, which has in turn led to an increase in healthcare spending. Governments in Africa are also recognizing the importance of investing in healthcare infrastructure and are allocating more funds towards healthcare development. Additionally, international organizations and donors are providing financial support and technical assistance to improve healthcare access and quality in Africa. All these factors are contributing to the growth and development of the Other Medical Devices market in Africa. In conclusion, the Other Medical Devices market in Africa is experiencing significant growth and development. Customer preferences for a wider range of medical devices, the adoption of digital health technologies, and the focus on affordability and cost-effectiveness are driving this growth. Local special circumstances and underlying macroeconomic factors are also contributing to the development of the market. As the healthcare infrastructure in Africa continues to improve and the demand for quality healthcare services increases, the Other Medical Devices market in Africa is expected to further expand 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.