Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Kenya

Kenya

The revenue in Kenya's Other Medical Devices market market is estimated to reach KSh US$90.35m in 2024.
It is expected to exhibit a compound annual growth rate (CAGR 2024-2029) of 4.94%, leading to a market volume of KSh US$115.00m by 2029.
When compared globally, the United States is projected to generate the highest revenue, amounting to US$58,900.00m in 2024.
Kenya's market for Other Medical Devices in the Medical Technology sector is witnessing a surge in demand for innovative and affordable solutions to cater to the growing healthcare needs of its population.

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

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Analyst Opinion

The Other Medical Devices market in Kenya is experiencing significant growth and development due to various factors.

Customer preferences: Customers in the Other Medical Devices market in Kenya are increasingly demanding advanced and innovative medical devices. They are looking for products that are reliable, efficient, and cost-effective. Customers also prefer devices that are easy to use and maintain, as well as those that have a longer lifespan. Additionally, there is a growing demand for portable and handheld devices that can be used in remote areas with limited access to healthcare facilities.

Trends in the market: One of the key trends in the Other Medical Devices market in Kenya is the increasing adoption of digital health technologies. This includes the use of mobile health applications, wearable devices, and telemedicine solutions. These technologies are helping to improve access to healthcare services, especially in rural areas, and are also enabling remote monitoring and diagnosis of patients. Another trend is the growing focus on preventive healthcare, which has led to an increased demand for devices such as fitness trackers and home monitoring devices.

Local special circumstances: Kenya has a rapidly growing population, which is driving the demand for healthcare services and medical devices. The government has also been investing in the healthcare sector and has implemented various initiatives to improve access to healthcare services. Additionally, the country has a high burden of infectious diseases, such as HIV/AIDS and malaria, which has created a need for diagnostic devices and other medical devices.

Underlying macroeconomic factors: Kenya has been experiencing steady economic growth, which has resulted in an increase in disposable income and healthcare expenditure. This has contributed to the growth of the Other Medical Devices market in the country. Additionally, the government has implemented policies to promote the local manufacturing of medical devices, which has attracted investments and has led to the establishment of local manufacturing facilities. This has not only created job opportunities but has also helped in reducing the cost of medical devices. In conclusion, the Other Medical Devices market in Kenya is witnessing significant growth and development due to the increasing demand for advanced and innovative medical devices, the adoption of digital health technologies, and the focus on preventive healthcare. The local special circumstances, such as the growing population and the high burden of infectious diseases, are also contributing to the growth of the market. The underlying macroeconomic factors, including the steady economic growth and government initiatives, are further supporting the development of the market.

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.