Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Southern Africa

Southern Africa

The projected revenue for the Other Medical Devices market market in Southern Africa is expected to reach US$0.92bn in 2024.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 3.83%, leading to a market volume of US$1.11bn by 2029.
In comparison to other countries, the United States is projected to generate the highest revenue of US$58,900.00m in 2024.
Southern Africa is experiencing a growing demand for innovative medical devices to address the unique healthcare challenges in the region.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Other Medical Devices market in Southern Africa is experiencing significant growth and development due to several key factors. Customer preferences in the region are driving the demand for a wide range of medical devices. Southern African countries have a growing population with increasing access to healthcare services. As a result, there is a rising demand for medical devices to support the diagnosis, treatment, and management of various medical conditions. Customers in the region are also becoming more aware of the importance of preventive healthcare and are seeking devices that can help them monitor their health and well-being on a regular basis. This includes devices such as blood pressure monitors, glucose meters, and wearable fitness trackers. Additionally, there is a growing demand for innovative and technologically advanced medical devices that can improve patient outcomes and provide more efficient and accurate healthcare services. Trends in the market indicate a shift towards the adoption of digital health technologies and connected devices. Southern African countries are embracing the use of telemedicine and remote patient monitoring to overcome the challenges of limited healthcare infrastructure and access to specialized medical services. This has led to an increased demand for devices such as telehealth platforms, remote monitoring devices, and mobile health applications. Furthermore, there is a growing focus on the development and adoption of point-of-care devices that can provide rapid and accurate diagnostic results, especially in resource-constrained settings. These trends are driven by the need for more efficient and cost-effective healthcare solutions in the region. Local special circumstances in Southern Africa play a significant role in the development of the Other Medical Devices market. The region faces several healthcare challenges, including a high burden of infectious diseases such as HIV/AIDS, tuberculosis, and malaria. This has created a demand for medical devices that can aid in the diagnosis, treatment, and prevention of these diseases. Additionally, the region has a large rural population with limited access to healthcare facilities. This has led to a focus on the development and adoption of portable and easy-to-use medical devices that can be used in remote and underserved areas. The local market also presents opportunities for partnerships and collaborations between international medical device manufacturers and local healthcare providers to address the unique healthcare needs of the region. Underlying macroeconomic factors such as economic growth, government healthcare spending, and regulatory frameworks also contribute to the development of the Other Medical Devices market in Southern Africa. The region has experienced steady economic growth in recent years, which has resulted in increased healthcare spending and investment in healthcare infrastructure. Governments in the region are also implementing policies and regulations to promote the use of medical devices and improve healthcare outcomes. This includes initiatives to streamline regulatory processes, promote local manufacturing of medical devices, and encourage the adoption of innovative technologies. These factors create a favorable environment for the growth and development of the Other Medical Devices market in Southern Africa.

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.