Medical Technology - Sudan

Sudan

The Medical Technology market market in Sudan is forecasted to achieve a revenue of US$90.31m by the year 2024.
Among the various markets in this market, Medical Devices hold the largest share with a projected market volume of US$78.44m in 2024.
It is expected that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 4.51%, leading to a market volume of US$112.60m by 2029.
In terms of global comparison, the United States is anticipated to generate the highest revenue in the Medical Technology market market, amounting to US$210.00bn in 2024.
Sudan's medical technology market is experiencing a surge in demand for telemedicine solutions to bridge the healthcare access gap in remote areas.

Key regions: United States, Germany, China, Japan, France

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Analyst Opinion

The Medical Technology market in Sudan is experiencing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the positive trajectory of the industry. Customer preferences in Sudan are shifting towards advanced medical technology solutions. With an increasing awareness of the benefits of modern healthcare, Sudanese consumers are demanding more sophisticated medical devices and equipment. This includes the adoption of digital health solutions, such as telemedicine and remote monitoring, which allow for better access to healthcare services in remote areas. Additionally, there is a growing demand for minimally invasive surgical procedures, which require the use of innovative medical technologies. Trends in the market also play a significant role in the development of the Medical Technology industry in Sudan. One notable trend is the increasing investment in research and development of medical devices. Local and international companies are focusing on developing cutting-edge technologies that can cater to the specific needs of Sudanese patients and healthcare providers. This includes the development of affordable and portable medical devices that can be easily deployed in rural areas with limited resources. Another trend is the collaboration between local healthcare providers and international medical technology companies. This partnership allows for the transfer of knowledge and expertise, leading to the adoption of best practices and the introduction of advanced medical technologies in Sudan. This collaboration also helps to address the challenges faced by the healthcare sector, such as the lack of infrastructure and skilled healthcare professionals. Local special circumstances in Sudan, such as the need for improved healthcare infrastructure and the prevalence of certain diseases, also contribute to the growth of the Medical Technology market. Sudan has a high burden of communicable diseases, such as malaria and tuberculosis, as well as non-communicable diseases, such as cardiovascular diseases and diabetes. This creates a demand for medical technologies that can aid in the diagnosis, treatment, and management of these diseases. Underlying macroeconomic factors, such as government initiatives and investment in healthcare, also play a crucial role in the development of the Medical Technology market in Sudan. The Sudanese government has recognized the importance of improving healthcare services and has implemented policies to support the growth of the sector. This includes increasing healthcare spending, promoting public-private partnerships, and creating a favorable regulatory environment for medical technology companies. In conclusion, the Medical Technology market in Sudan is experiencing growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for advanced medical technologies, the investment in research and development, the collaboration between local and international companies, the need for improved healthcare infrastructure, and government initiatives all contribute to the positive trajectory of the industry in Sudan.

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.