Market Research Future has discovered that the Global Africa Medical Devices Market is on track to witness growth at a striking High digit CAGR of during the review period from 2021 to 2027.

African Medical Devices Market Overview:

The African 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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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.

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 African 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 African 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.

Major Players:

Players leading the African 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.

Africa Medical Devices Market – Segments

The report is segmented into four dynamics;

By Product Type : Diagnostic Devices, Monitoring Devices, Diagnostic Molecular Devices, Drug Delivery Devices, Surgical Devices, Bio Implants & Stimulation Devices, Automation & Robotics, and others.

By Therapeutic Application : General Surgery, Diagnostic Imaging, Respiratory, Orthopedics, Cardiovascular, Dental, Neurology, Ophthalmology, Ear-Nose-Throat (ENT), Nephrology and Urology, and others.

By End User : Hospitals, Ambulatory, Home, and others.

By Regions/Countries : Ethiopia, Egypt, Tanzania, South Africa, Kenya, Uganda, Algeria, Sudan, Morocco, Ghana, and rest-of-the-Africa.

Africa Medical Devices Market – Competitive Landscape

The African 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.

African Medical Devices Market – Geographical Analysis

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 African 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.

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