Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Burundi

Burundi

The projected revenue in the Other Medical Devices market market in Burundi is expected to reach US$4.65m in 2024.
Looking ahead, the market is anticipated to display a compound annual growth rate (CAGR 2024-2029) of 8.15%, which would lead to a market volume of US$6.88m by 2029.
It is worth noting that, in a global comparison, the United States is forecasted to generate the highest revenue, amounting to US$72,780.00m in 2024.
Burundi's market for other medical devices in the medical technology sector is experiencing a significant increase in demand due to the country's growing healthcare infrastructure and efforts to improve access to healthcare services.

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

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Analyst Opinion

The Other Medical Devices market in Burundi is experiencing significant growth and development. Customer preferences in the Burundian market for medical devices are influenced by a variety of factors. The population in Burundi is becoming more aware of the importance of healthcare and is seeking access to a wider range of medical devices. There is a growing demand for innovative and technologically advanced medical devices that can improve the quality of healthcare services in the country. Additionally, affordability is a key consideration for customers in Burundi, as the majority of the population has limited purchasing power. Therefore, there is a preference for cost-effective medical devices that offer good value for money. Trends in the market indicate a shift towards the adoption of digital and connected medical devices in Burundi. This is driven by the global trend of digitalization in healthcare and the increasing availability of internet connectivity in the country. Digital medical devices, such as remote patient monitoring devices and mobile health apps, are gaining popularity as they enable healthcare professionals to remotely monitor patients and provide timely interventions. Moreover, connected medical devices allow for the seamless integration of patient data into electronic health records, improving the efficiency of healthcare delivery. Local special circumstances in Burundi also contribute to the development of the Other Medical Devices market. The country has a high burden of communicable diseases, such as malaria and HIV/AIDS, which require the use of medical devices for diagnosis, treatment, and prevention. Additionally, Burundi has a growing elderly population, which is driving the demand for medical devices related to chronic disease management and eldercare. Furthermore, the government of Burundi has been actively investing in the healthcare sector, including the procurement of medical devices, to improve the overall healthcare infrastructure in the country. Underlying macroeconomic factors are also playing a role in the development of the Other Medical Devices market in Burundi. The country has been experiencing steady economic growth, which has resulted in an increase in disposable income and improved access to healthcare services. This has contributed to the rising demand for medical devices in the country. Moreover, the government has implemented policies to promote the local manufacturing of medical devices, which has led to the growth of domestic medical device manufacturers and increased availability of locally produced medical devices. In conclusion, the Other Medical Devices market in Burundi is developing due to customer preferences for innovative and cost-effective medical devices, the adoption of digital and connected medical devices, local special circumstances such as the high burden of communicable diseases and the growing elderly population, and underlying macroeconomic factors such as economic growth and government policies. These factors are driving the growth and development of the market, and present opportunities for both domestic and international medical device manufacturers to expand their presence in Burundi.

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.