Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Angola

Angola

The projected revenue in the Other Medical Devices market market in Angola is expected to reach US$51.44m in 2024.
This indicates a positive growth potential for the market in the country.
Furthermore, the revenue is projected to exhibit an annual growth rate (CAGR 2024-2029) of 4.79%, resulting in a market volume of US$65.01m by 2029.
This demonstrates a promising outlook for the industry in Angola over the next few years.
When comparing the global market, it is noteworthy that the United States is anticipated to generate the highest revenue in the Other Medical Devices market market, with a projected revenue of US$58,900.00m in 2024.
This highlights the significant market dominance of the United States in this particular industry.
Despite challenges in healthcare infrastructure, Angola is witnessing a growing demand for innovative medical devices in the Other Medical Devices market.

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

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Analyst Opinion

The Other Medical Devices market in Angola is experiencing significant growth due to various factors such as increasing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Other Medical Devices market in Angola are shifting towards more advanced and innovative products. Customers are increasingly demanding medical devices that are technologically advanced, provide accurate and reliable results, and are easy to use. This preference for advanced medical devices is driven by the growing awareness about the benefits of modern healthcare technology and the desire for better healthcare outcomes. Additionally, customers in Angola are also looking for medical devices that are cost-effective and offer value for money. Trends in the Other Medical Devices market in Angola are also contributing to its growth. One of the key trends is the increasing adoption of telemedicine and remote patient monitoring devices. These devices enable healthcare professionals to remotely monitor and diagnose patients, reducing the need for in-person visits and improving access to healthcare services, especially in remote areas. Another trend is the growing demand for home healthcare devices, such as glucose monitors and blood pressure monitors, as more people prefer to monitor their health conditions from the comfort of their homes. Local special circumstances in Angola are also playing a role in the development of the Other Medical Devices market. The country has a high burden of diseases such as malaria, HIV/AIDS, and tuberculosis, which has led to an increased demand for medical devices for diagnosis, treatment, and monitoring of these diseases. Additionally, Angola has a rapidly growing population, which is driving the demand for healthcare services and medical devices. The government of Angola has also been investing in healthcare infrastructure and facilities, which has further fueled the growth of the Other Medical Devices market. Underlying macroeconomic factors are also contributing to the growth of the Other Medical Devices market in Angola. The country has been experiencing economic growth and an increase in disposable income, which has led to higher healthcare spending. As people have more money to spend on healthcare, they are more likely to invest in medical devices for better healthcare outcomes. Furthermore, the government has been implementing policies to improve healthcare access and quality, which has created a favorable environment for the growth of the Other Medical Devices market. In conclusion, the Other Medical Devices market in Angola is experiencing significant growth due to increasing customer preferences for advanced and innovative products, emerging trends such as telemedicine and home healthcare devices, local special circumstances including high disease burden and government investments in healthcare infrastructure, and underlying macroeconomic factors such as economic growth and increased healthcare spending. This growth is expected to continue as the demand for healthcare services and medical devices in Angola continues to rise.

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.