Africa Medical Devices Market 2019 Revenue, Growth Rate, Application, Sales, Trends and Forecast to 2023

September 20 07:03 2019
Africa Medical Devices Market 2019 Revenue, Growth Rate, Application, Sales, Trends and Forecast to 2023

Africa Medical Devices Market
The Africa Medical Devices Market is set to reach USD 7069.61 million by 2023; according to a new research report by Market Research Future. Africa Medical Devices Market accounted for USD 4900 million in 2017. This study focuses on the key player’s profiles in detail with granular analysis of the market share, production technology, market entry strategies, revenue forecasts and regional analysis of the market.

Medical Devices are instruments or appliances, including any software, biologic, or non-biologic materials that are used for the diagnostic or therapeutic use for the treatment of diseases and disorders. The African regional market presents both opportunities and challenges, consisting of the socioeconomic factor that the consumer base in Africa has an unbalanced number of young people, and the rising middle-class consumers. The countries that are most populated with the middle class are Egypt, South Africa, Algeria, Nigeria, and Morocco.

According to a report published by Market Research Future (MRFR), the Africa Medical Devices Market is estimated to reach a valuation around $ 7069.61 million, by the end of the forecast period, growing at a CAGR of ~ 6.3 %.

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The other influential drivers of the African medical device market are the increasing cost of healthcare, which has encouraged the development of innovative electronic products such as wearable medical devices. it has also improved the demand for early detection and noninvasive medical therapies, the growing awareness, and implementation of information technology, the development of user-friendly tools, among others.

The most hindering factor to the market is the low per capita income and the poor infrastructure of Africa. Although, advancements in the healthcare sector and government expenditure can provide improvement and growth for the healthcare industry, providing consumers with proper medical facilities.

Africa Medical Devices Market Key Players

Some of the key players in this market are:

  • Mindray Medical International Limited
  • Koninklijke Philips Electronics NV.
  • Siemens Ltd
  • Toshiba Medical Systems Corporation
  • GE Healthcare
  • Medtronic
  • Johnson & Johnson

Africa Medical Devices Market – Segments

Africa Medical Devices Market has been segmented based on product type which comprises monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants and stimulation devices, automation and robotics and others. On the basis of therapeutic application; market is segmented into general surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology and urology, and others. On the basis of end users; market is segmented hospitals, ambulatory and home.

Africa Medical Devices Market – Regional Analysis

The market of medical devices is growing rapidly in Africa region owing to upgrade of hospitals, introduction of health insurance policy, and rapidly growing middle-income group. Government is focusing more to improve the life of their citizen; thus, they are more focusing on the establishment of best hospitals in the region.  This region is more focusing towards new technology and advance treatment option; thus, the local players are focusing more into mergers and acquisition and research and development programs for the development of Medical devices.  These are the factors which are fueling the growth of the market of medical devices with the significant rates in this region.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

List Of Tables

Table 1 Africa Medical Devices Market, 2013-2022

Table 2 Africa Medical Devices Market, By Product Type, 2013-2022

Table 3 Africa Medical Devices Market, By Therapeutic Application, 2013-2022

Table 4 Africa Medical Devices Market, By End User, 2013-2022

Table 5 Africa Medical Devices Market, By Region, 2013-2022

List Of Figures

Figure 1 Research Process

Figure 2 Porters Five Forces Model

Figure 3 Africa Medical Devices Market, By Product Type

Figure 4 Africa Medical Devices Market, By Therapeutic Application

Figure 5 Africa Medical Devices Market, By End User

Continued….

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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