Skip to main content
  1. Market Insights
  2. Health
  3. Medical Technology
  4. Medical Devices

Other Medical Devices - Namibia

Namibia
  • Namibia's Other Medical Devices market market is expected to achieve a revenue of US$31.65m in 2024.
  • Looking ahead, it is projected to experience a steady annual growth rate (CAGR 2024-2029) of 3.56%, leading to a market volume of US$37.70m by 2029.
  • In terms of global comparison, the United States is anticipated to generate the highest revenue in this market, amounting to US$58.90bn in 2024.
  • Namibia is witnessing a growing demand for innovative medical devices, especially in the field of telemedicine and remote patient monitoring.

Definition:
The market Other Medical Devices covers revenues for areas that are not specifically mentioned in the other submarkets, such as endoscopy, drug delivery, dental medicine, wound management, diabetes care, nephrology, neurology, and ENT.

In-Scope

  • Drug delivery
  • Wound management

Out-Of-Scope

  • Medical devices covered in other markets
  • Pharmaceuticals
  • Services (i.e., treatment expenses)
  • Consumer technologies, e.g., fitness trackers
  • Blood and transplants derived from the human body
Medical Devices: market data & analysis - Cover

Market Insights report

Medical Devices: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The Other Medical Devices market in Namibia is experiencing steady growth due to increasing customer preferences for advanced medical technologies and the rising demand for healthcare services in the country. Customer preferences in the Other Medical Devices market in Namibia are primarily driven by the need for high-quality and reliable medical devices. Customers in Namibia are increasingly seeking out technologically advanced devices that offer improved accuracy, efficiency, and patient comfort. This preference for advanced medical technologies is fueled by the growing awareness among healthcare professionals and patients about the benefits of using innovative devices in the diagnosis and treatment of various medical conditions. Additionally, customers in Namibia also prioritize devices that are easy to use, durable, and require minimal maintenance. In terms of trends, the Other Medical Devices market in Namibia is witnessing a shift towards the adoption of digital health technologies. This includes the use of connected devices, telemedicine, and mobile health applications. These technologies are enabling healthcare professionals to remotely monitor patients, provide virtual consultations, and collect real-time data for better patient management. The increasing use of digital health technologies is driven by the need to improve access to healthcare services, especially in remote areas of Namibia where healthcare facilities are limited. Furthermore, the COVID-19 pandemic has accelerated the adoption of telemedicine and digital health solutions, as they offer a safer alternative to in-person consultations. Another trend in the market is the growing demand for home healthcare devices. With an aging population and a rise in chronic diseases, there is a greater emphasis on providing healthcare services in the comfort of patients' homes. This has led to an increased demand for home healthcare devices such as blood glucose monitors, blood pressure monitors, and respiratory devices. These devices enable patients to monitor their health conditions and manage their treatments without the need for frequent visits to healthcare facilities. Local special circumstances in Namibia also contribute to the development of the Other Medical Devices market. The country has a relatively small healthcare infrastructure, with limited healthcare facilities and resources. This creates a need for innovative medical devices that can help bridge the gap in healthcare services and improve access to quality care. Additionally, Namibia has a high burden of communicable diseases such as HIV/AIDS, tuberculosis, and malaria. This necessitates the use of medical devices for diagnosis, treatment, and prevention of these diseases. Underlying macroeconomic factors, such as population growth, urbanization, and increasing disposable income, are also driving the growth of the Other Medical Devices market in Namibia. The country's population is growing, which leads to a higher demand for healthcare services and medical devices. Urbanization is also contributing to the market growth, as urban areas tend to have better access to healthcare facilities and resources. Moreover, the rising disposable income in Namibia allows individuals to afford advanced medical devices and healthcare services. In conclusion, the Other Medical Devices market in Namibia is developing due to increasing customer preferences for advanced medical technologies, the adoption of digital health solutions, the demand for home healthcare devices, local special circumstances, and underlying macroeconomic factors. These factors are shaping the market landscape and driving the growth of the Other Medical Devices market in Namibia.

    Global Comparison

    Most recent update: Aug 2024

    Source: Statista Market Insights

    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.

    Health

    Access more Market Insights on Health topics with our featured report

    Medical Devices: market data & analysis - BackgroundMedical Devices: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Medical technology industry - statistics & facts

    Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.