Other Medical Devices - Mauritius

  • Mauritius
  • The revenue in the Other Medical Devices market market in Mauritius is forecasted to reach US$30.86m in 2024.
  • It is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 7.91%, leading to a market volume of US$45.15m by 2029.
  • When compared globally, the United States is projected to generate the highest revenue, amounting to US$58,900.00m in 2024.
  • Mauritius is witnessing a growing demand for other medical devices, driven by advancements in healthcare infrastructure and an aging population.

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

 
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Analyst Opinion

The Other Medical Devices market in Mauritius is experiencing steady growth and development. Customer preferences are shifting towards more advanced and innovative medical devices, driving the demand for new products in the market. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the growth of the market. Customer preferences in the Other Medical Devices market in Mauritius are influenced by the global trend of technological advancements in the healthcare industry. Patients and healthcare professionals are increasingly seeking medical devices that offer improved accuracy, efficiency, and patient comfort. This has led to a rising demand for advanced devices such as wearable health monitors, remote patient monitoring systems, and smart medical devices. The preference for these devices is driven by the desire for better healthcare outcomes and the convenience they offer in monitoring and managing health conditions. Trends in the Other Medical Devices market in Mauritius are also influenced by the local healthcare landscape. The country has a well-developed healthcare system with a focus on providing quality healthcare services to its population. This has created a favorable environment for the adoption of new medical devices and technologies. The government of Mauritius has been proactive in promoting healthcare innovation and has implemented policies to encourage the use of advanced medical devices in healthcare facilities. This has further fueled the demand for other medical devices in the market. Local special circumstances in Mauritius, such as the aging population and the rising prevalence of chronic diseases, are also driving the growth of the Other Medical Devices market. As the population ages, the demand for medical devices that aid in the management of age-related conditions such as diabetes, cardiovascular diseases, and respiratory disorders is increasing. This has created opportunities for companies in the market to develop and introduce innovative devices that cater to the specific needs of the elderly population. Underlying macroeconomic factors, such as the growing healthcare expenditure and increasing disposable income, are contributing to the growth of the Other Medical Devices market in Mauritius. The government has been increasing its healthcare budget to improve the accessibility and quality of healthcare services in the country. This has resulted in increased spending on medical devices and technologies. Additionally, the rising disposable income of the population has made healthcare more affordable, leading to higher demand for medical devices. In conclusion, the Other Medical Devices market in Mauritius is experiencing growth and development driven by customer preferences for advanced and innovative devices, local special circumstances such as an aging population and the prevalence of chronic diseases, and underlying macroeconomic factors including increased healthcare expenditure and rising disposable income. As the market continues to evolve, there will be opportunities for companies to introduce new and innovative medical devices to meet the growing demand in Mauritius.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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