Africa Medical Devices Market is Expected to Grow at a CAGR of 6.3% by 2023

Market Research Future published a half-cooked research report on Africa Medical Devices market. The Africa Medical Devices market is expected to grow at a CAGR of ~6.3 % during the period 2017 to 2023.

Test the market data and market information presented through more than 60 market data tables and figures spread over 84 numbers of pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Africa Medical Devices Market Research Report - Global Forecast to 2023”.

Market Highlights:
A medical device is any instrument, appliance including any software, biologic or non-biologic material, to be used for the diagnostic or therapeutic use for management of diseases and disorders.

The medical device industry of Africa provides unique challenges such as
• Greater scope of lower end devices with low cost and low features
• Extreme price sensitive because of low per capita disposable income. Although Africa has a large middle class consumer base there exists the reality that approx. 60% of population survives on less than USD 2 a day.
• The first mover advantage will be everything, due to extreme difficulty in dislodging the market leader, due to lower profit margin on low cost devices and the smaller customer base.

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2845

Although innovation will remain very important strategy things need to be done differently in Africa due to a number of barriers such as

• Poor connectivity in many parts of Africa which disfavors products with high features.
• Challenging and dynamic regulatory framework. The standardization of protocols and data together with issues of cross integration and compatibility of devices manufactured by different manufacturers remain a high technical barrier.
• Need of global players to collaborate with local players to take advantage of their supply chain which will drive the cost down.

Other barriers are high cost of imported medical devices and high sales tariffs, low penetration of medical devices in Africa, political turmoil, the weak African currencies and their dependence on primary exports particularly mining, growing concern for data security etc.

The market drivers include guaranteed customer base as Africa has a disproportionate number of young people estimated at 62% of the population and the rising middle class of Africa.

The market is extremely consolidated with only a handful of players and first comers will extract a premium.

Africa Medical Devices Market:
The Africa Medical Devices market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. The Africa medical devices market is expected to grow with CAGR of ~6.3 % during the forecast period. The growth will be primary channeled by the rising public healthcare expenditure and the drive for hospital up gradation and development.
The major participants of this market are: Mindray Medical International Limited, Koninklijke Philips Electronics NV., Siemens Ltd, Toshiba Medical Systems Corporation, GE Healthcare, Medtronic, Johnson & Johnson and others.

Brief TOC:
1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
5 Africa Medical Devices Market, by Product Type
5.1 Introduction
5.1.1 Monitoring Devices
5.1.2 Diagnostic devices
5.1.3 Diagnostic Molecular Devices
5.1.4 Drug delivery devices
5.1.5 Surgical Devices
5.1.6 Bio implants and Stimulation Devices
5.1.7 Automation and Robotics and
5.1.8 Others
Continue…

Regional Analysis:
The healthcare sector of Africa is divided between private and state. The public healthcare expenditure accounts for approximately 48 % of total health expenditure in 2014 with variation in different countries. Local manufacturing represents a poor outlook which is limited to consumables and ordinary articles and there are a handful of high tech devices manufacturers. Africa is extremely dependent on imports for medical devices and imports account for approximately 90 % of total market for medical devices and Chinese medical device suppliers dominate the scenario. Among the regions of Africa, South Africa and Egypt account for 40 % of market. Other important nations are Nigeria, Morocco and Algeria. Collaboration with large global companies and technical transfer will remain the key strategy for developing the regional African market as can be seen by the example of China.

Africa medical devices market has been segmented on the basis of 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.

Access Report Details @ https://www.marketresearchfuture.com/reports/africa-medical-devices-market-2845

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for Middle East and Africa, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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.

Contact:
Akash Anand
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.