Africa Medical Device Market Size Estimation, Share Value, Future Insights, COVID-19 Impact and Trends Analysis By 2023

Africa Medical Devices Market Size, Growth and Share by Product type (Monitoring Devices, Diagnostic devices, Diagnostic Molecular Devices, Drug delivery devices, Surgical Devices, Bio implants and Stimulation Devices, Automation and Robotics), Therapeutic Application (General Surgery, Diagnostic Imaging, Respiratory, Orthopedics, Cardiovascular, Dental, Neurology, Ophthalmology, Ear-Nose-Throat (ENT), Nephrology and Urology) and by End User, Forecast to 2023

Many international players allow monopolies to continue within the medical device industry in the region. They are grabbing exclusive licensing opportunities, under which they can produce devices required for medical treatments in Africa itself. This, as a result, is letting the African medical device market to catch a momentum gradually. The medical devices market in Africa has grown promisingly over the last five years. Government and philanthropists are increasingly coming together to uplift the healthcare sector.

The Africa medical devices market is a slow but steady space. Slow, because the poverty and political unrest hanging over most African regions hamper the market growth, restricting the development and production of medical devices. However, the world's second-largest and second-most-populous continent, after Asia, Africa offers significant growth opportunities for industry players. Resultantly, many notable medical device manufacturers are getting attracted to Africa.

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A leading research firm, Market Research Future (MRFR), predicts that the market would continue to move forward at a rapid pace in the years to come. According to MRFR, the valuation of the Africa medical devices market is expected to reach around USD 7069.61 MN by 2023, growing at approx. 6.3 % CAGR over the assessment period (2018-2023). In 2017, the medical devices market in Africa had accounted for revenues of USD 4900 million.

Other factors that collectively contribute to the market growth include the demand for quality care continually increasing with the ever-increasing population. A large share of this momentous rise of the market also attributes to the growing treatment procedures, rising prevalence of myriads of chronic diseases, and increasing geriatric population. Moreover, technological advancements and growing demand for innovative therapies are propelling the Africa medical devices market growth.

On the flip side, high costs of imported medical devices and high sales tariffs are the major growth restraining factors. Challenging & dynamic regulatory frameworks, alongside the low penetration of medical devices in Africa, obstruct market growth. Simultaneously, political turmoil, a weaker economy, and the high dependence on exports are acting as major headwinds for the market growth. Moreover, unreliable internet connectivity in the region is an undeniable issue restricting the market growth.

Africa Medical Devices Market Competitive Landscape

The Africa medical devices market appears highly competitive, with a large number of players forming a competitive landscape. The market demonstrates high growth opportunities for market players due to the large unmet needs and population in the African region. The greater demand for advanced technology and the intellectual property intensity attracts new entrants.

They focus on the development of products and close collaboration with large hospitals, which is considered an attractive strategy to pursue. Industry leaders are forming collaborations and partnerships with other players to expand their footprints and expertise and reduce development times and costs. They are also acquiring proprietary technology or partnering with players from the information technology industry to reduce commercial times.

Africa medical devices market Regional Analysis

Regionally the Africa Medical devices market is segmented into

Ethiopia
Egypt
Tanzania
South Africa
Kenya
Uganda
Algeria
Sudan
Morocco
Ghana
rest-of-the-Africa

Dividing between private and state, the healthcare sector of Africa depends entirely on imports for medical devices. Local manufacturing represents a weak outlook, with limited consumables and ordinary articles, and a handful of high-tech device manufacturers. Medical devices' imports account for approximately 90 % of the overall market, where Chinese medical device suppliers dominate the scenario.

South Africa and Egypt account for around 40 % of the market share. Also, Nigeria, Morocco, and Algeria hold the key status in the Africa medical devices market. Collaborations between large global companies and technical transfer play a causal role in the development of the medical devices market in Africa.

Africa Medical Devices Market Segmentation

Africa medical devices market is segmented by Product, Therapeutic Application and End User

By Product Type, the Africa medical devices market is segmented into

Diagnostic Devices
Monitoring Devices
Diagnostic Molecular Devices
Drug Delivery Devices
Surgical Devices
Bio Implants & Stimulation Devices
Automation & Robotics
others
By Therapeutic Application, the Africa medical devices market is segmented into

General Surgery
Diagnostic Imaging
Respiratory
Orthopedics
Cardiovascular
Dental, Neurology
Ophthalmology
Ear-Nose-Throat (ENT)
Nephrology
Urology
others
By End User, the Africa medical devices market is segmented into Hospitals, Ambulatory, Home, and others.

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Africa Medical Devices Market Major Players:

Players leading the Africa medical devices market include Koninklijke Philips Electronics NV., Mindray Medical International Limited, Siemens Ltd, GE Healthcare, Medtronic, Toshiba Medical Systems Corporation, and Johnson & Johnson, among others.

Industry/ Innovation/ Related News:

Higherlife Foundation (Zimbabwe), a philanthropic organization along with other philanthropists Sir Richard Branson and Jeff Skoll, announced that they are working on manufacturing medical equipment in Africa in response to Covid-19. The initiative will mobilize the private sector in Africa, expediting the availability of critical medical equipment, including ventilators and breathing support devices in Africa, amid the Covid-19 pandemic. As part of the initiative, the group will start with the production of 1,000 bridge ventilators, which will be offered to healthcare facilities at a lower price than standard ventilators.

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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Market Research Future

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