Medical Devices - Tanzania | Statista Market Forecast

The revenue in Tanzania's Medical Devices market market is estimated to reach US$177.60m in 2024.
Among the various markets, Cardiology_Devices is projected to be the largest market with a volume of US$25.75m in the same year.
Looking ahead, the market is expected to grow at an annual rate of 8.70% between 2024 and 2029, resulting in a market volume of US$269.50m by 2029.
When compared globally, the United States is anticipated to generate the highest revenue, amounting to US$181.00bn in 2024.
Tanzania's medical device market is experiencing a surge in demand for portable diagnostic equipment to improve healthcare access in rural areas.

Definition:
The Medical Devices market includes instruments and machines helping for the prevention, diagnosis, and treatment of diseases. This market is further broken down into 6 submarkets according to medical specialties or types of application. Medical devices that treat the heart, such as pacemakers, can be found in the Cardiology Devices market. The Diagnostic Imaging market covers machines and instruments for diagnosis of many different kinds of conditions. Devices for orthopedic applications, such as joint implants, are included in the Orthopedic Devices market. Ophthalmic Devices are devices used for conditions related to the eye. The General & Plastic Surgery Devices covers many different products required for surgeries. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Siemens Healthineers.

Implants and prostheses
Assistive technology products (e.g., hearing aids, wheelchairs)
Clinical engineering products
Imaging devices
Active medical devices (i.e., operating with electrical energy)

Services (i.e., treatment expenses)
Consumer technologies, e.g., fitness trackers
Products for laboratory testing (IVD)

The Medical Devices market in Tanzania is experiencing significant growth and development due to several key factors. Customers in Tanzania have shown a strong preference for medical devices that are affordable, durable, and easy to use. Additionally, the market is being driven by trends such as the increasing prevalence of chronic diseases, the expansion of healthcare infrastructure, and the growing awareness about the importance of early diagnosis and treatment. Customer preferences in Tanzania are heavily influenced by affordability. Many customers in the country have limited financial resources and are therefore looking for medical devices that are cost-effective. They are also looking for devices that are durable and can withstand the challenging environmental conditions in Tanzania, such as high temperatures and humidity. Furthermore, customers prefer devices that are easy to use and require minimal training, as there is a shortage of skilled healthcare professionals in the country. One of the key trends in the Medical Devices market in Tanzania is the increasing prevalence of chronic diseases. Non-communicable diseases such as cardiovascular diseases, diabetes, and cancer are on the rise in the country, which has led to an increased demand for medical devices used in the diagnosis and treatment of these conditions. This trend is expected to continue in the coming years, driven by factors such as changing lifestyles, urbanization, and an aging population. Another trend in the market is the expansion of healthcare infrastructure in Tanzania. The government has been investing in the development of healthcare facilities, including hospitals, clinics, and diagnostic centers, to improve access to healthcare services. This has created a growing demand for medical devices, such as imaging equipment, surgical instruments, and patient monitoring devices. The private sector has also been investing in healthcare infrastructure, further driving the demand for medical devices. The growing awareness about the importance of early diagnosis and treatment is also fueling the growth of the Medical Devices market in Tanzania. People are becoming more proactive about their health and are seeking medical devices that can help them monitor their health status and detect any potential health issues at an early stage. This has led to an increased demand for devices such as blood glucose monitors, blood pressure monitors, and home diagnostic kits. In addition to customer preferences and market trends, there are also local special circumstances that are influencing the development of the Medical Devices market in Tanzania. The country has a large rural population with limited access to healthcare facilities, which has created a demand for portable and mobile medical devices that can be used in remote areas. Furthermore, the government has implemented policies to promote local manufacturing of medical devices, which has led to the growth of domestic manufacturers and increased competition in the market. Underlying macroeconomic factors, such as economic growth, population growth, and government healthcare spending, are also driving the development of the Medical Devices market in Tanzania. The country has been experiencing steady economic growth, which has increased the purchasing power of consumers and their ability to afford medical devices. The population of Tanzania is also growing, which is creating a larger customer base for medical devices. Additionally, the government has been increasing its healthcare spending to improve the quality and accessibility of healthcare services, which has created opportunities for medical device manufacturers and suppliers.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

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.