Africa Medical Devices Market Research Report Information By Product Type (Monitoring Devices, Diagnostic Devices, Diagnostic Molecular Devices, Drug Delivery Devices, Surgical Devices, Bio Implants & Stimulation Devices, and Automation & Robotics), By Therapeutic Application (General Surgery, Diagnostic Imaging, Respiratory, Orthopedics, Cardiovascular, Dental, Neurology, Ophthalmology, Ear-Nose-Throat (ENT), & Nephrology and Urology), By End User (Hospitals, and Ambulatory & Home), and By Country (South Africa, Egypt, and Rest of Africa)— Market Till 2030
From 2023 to 2030, the Africa medical devices market is anticipated to grow at a 7.10% CAGR. The growing number of technological advancements that are improving patient and general public quality of life directly contribute to the market’s growth. The industry will grow as a result of the increased popularity of mobile platforms, AI, and 5G. By 2030, it is anticipated that the African medical device market would be worth roughly USD 7.19 Billion.
Additionally, both individuals and governmental organizations are extremely concerned about the rising frequency of chronic diseases and the elevated mortality rates. Healthcare practitioners thus give individualized care, which includes ongoing and remote patient monitoring.
Additionally, wearing these for a full day won’t interfere with daily activities. As a result, given its many benefits, the demand for wearable medical devices is anticipated to increase over the forecast period.
In the last ten years, the sector has seen significant changes due to the adoption of new technology and modern design innovations. However, these devices are expensive, which results in a generally higher device cost and ownership. This is due to a relatively higher acquisition charge and subsequent maintenance costs. Some cutting-edge devices come with a variety of additional parts, like chips, batteries, sensors, and other accessories, which must be regularly replaced. As a result, the relatively slow adoption of medical gadgets in Africa has been attributed to their expensive price.
The treatment of individuals with these diseases and the rising frequency of chronic medical disorders place enormous strain on Africa’s healthcare infrastructure. The cost of treating these disorders has significantly increased as a result. The total cost of caring for a patient while they are an inpatient at a hospital is much higher, and longer hospital stays are linked to a greater financial burden.
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Covid 19 Impact
Emergency room visits to hospitals and elective procedures have decreased as a result of the COVID-19 outbreak. The frequency of orthopedic surgery decreased significantly during the pandemic among procedures deemed less serious or less life-threatening, including as dental procedures. Additionally, the market players were providing diagnostic imaging equipment along with devices widely utilized for elective operations, such as orthopedic, dentistry, and other important surgeries, which saw a significant fall in sales in 2020 compared to 2019.
Competitive Analysis
There are tier-1, tier-2, and local players in the market. The tier-1 and tier-2 players have a wide range of products and a regional presence. The market is dominated by businesses like Mindray Medical International Limited, Koninklijke Philips Electronics NV., Siemens Ltd., Toshiba Medical Systems Corporation, and GE Healthcare thanks to their unique products, stability in their finances, innovative business plans, and regionally diverse presence. The participants are focusing their efforts on promoting R&D. Additionally, they support strategic expansion activities including product introduction, joint ventures, and partnerships to expand their client base and boost their market position.
Key Players
Market segmentation
Monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants & stimulation devices, automation & robotics are the main categories used to segment the African medical devices market. Due to the rising use of real-time diagnostic tests for accurate diagnosis of chronic and infectious diseases including diabetes, cancer, and HIV/AIDS, the Africa medical devices market growth was noticeably high under the monitoring devices category in 2021.
General surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dentistry, neurology, ophthalmology, ear-nose-throat (ENT), nephrology, and urology are the therapeutic applications that make up the Africa medical devices market segmentation. Due to the rising incidence of chronic disease and the demand for accurate and effective test kits for conditions like malaria, HIV/AIDS, diabetes, and cancer, diagnostic imaging held the highest share of the African market in 2021. However, due to the rising incidence of dental problems, the dental category is expected to grow at the highest pace during the anticipated period.
The market is segmented into hospitals, ambulatory, and homes based on the end user. Due to increased funding from public and private players in small and medium-sized clinics and long-term care facilities to upgrade healthcare infrastructure, the ambulatory category dominated the market for medical devices in 2021. Due to the rise in community and multispecialty hospitals, the hospitals category will experience significant growth during the projection period.
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Regional Analysis
Based on country, the market is divided into South Africa, Egypt, and the Rest of Africa. The prevalence of ailments like cardiovascular disorders, infectious diseases, dental disorders, and diabetes is rising, and market participants are putting more of an emphasis on growing their direct presence in emerging nations to meet patient demand in this region. the rising standard of living and rising public health concerns. Over the course of the analysis period, it is predicted that rising regional healthcare infrastructure investment would further expand the market for medical devices.
Growth in the market is predicted to be fueled by the rising popularity of technologically advanced smart wearables and image-guided therapeutic systems, as well as continuous trends in accurate and real-time monitoring. The rapid use of medical devices in hospitals and other healthcare settings is also related to growing understanding of their advantages, such as improved mobility. Additionally, the market has been driven by increased health concerns, an increase in the prevalence of chronic diseases, and rising healthcare costs. The market for medical devices in Africa is expected to grow significantly due to the development of brain monitoring technology, major technological advancements in medical equipment, and considerable improvements in commercial factors.
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