Africa Medical Devices Market Research Report - Forecast to 2027

Africa Medical Devices Market Information, 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 (Hospitals, Ambulatory and Home) - Forecast to 2027

ID: MRFR/MED/2102-HCR | February 2021 | Region: Global | 84 Pages         

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

6 Africa Medical Devices Market, by Therapeutic Application

6.1 Introduction

6.1.1 General Surgery

6.1.2 Diagnostic Imaging

6.1.3 Respiratory

6.1.4 Orthopedics

6.1.5 Cardiovascular

6.1.6 Dental

6.1.7 Neurology

6.1.8 Ophthalmology

6.1.9 Ear-Nose-Throat (ENT)

6.1.10 Nephrology and Urology

6.1.11 Others

7 Africa Medical Devices Market, by End User

7.1 Introduction

7.1.1 Hospitals

7.1.3 Ambulatory

7.1.4 Home

8 Africa Medical Devices Market, by Country

8.1 Introduction

8.2 South Africa

8.3 Egypt

8.4 Nigeria

8.5 Morocco

8.6 Algeria

8.7 Others

9 Company Landscape

9.1 Introduction

9.1.1 Mergers Acquisitions

9.1.2 Collaborations

9.1.3 Release/New Product Launches

9.1.4 Other (Expansion, Updates, Partnership)

10 Company Profile

10.1 Mindray Medical International Limited

10.1.1 Company Overview

10.1.2 Product/Business Segment Overview

10.1.3 Financials

10.1.4 Key Developments

10.1.5 SWOT Analysis

10.2 Koninklijke Philips Electronics NV.

10.2.1 Overview

10.2.2 Product/Business Segment Overview

10.2.3 Financials

10.2.4 Key Developments

10.2.5 SWOT Analysis

10.3 Siemens Ltd

10.3.1 Overview

10.3.2 Product/Business Segment Overview

10.3.3 Financials

10.3.4 Key Developments

10.3.5 SWOT Analysis

10.4 Toshiba Medical Systems Corporation

10.4.1 Overview

10.4.2 Product/Business Segment Overview

10.4.3 Financials

10.4.4 Key Developments

10.4.5 SWOT Analysis

10.5 GE Healthcare

10.5.1 Overview

10.5.2 Product/Business Segment Overview

10.5.3 Financials

10.5.4 Key Developments

10.5.5 SWOT Analysis

10.6 Medtronic

10.6.1 Overview

10.6.2 Product/Business Segment Overview

10.6.3 Financials

10.6.4 Key Developments

10.6.5 SWOT Analysis

10.7 Johnson & Johnson

10.7.1 Overview

10.7.2 Product/Business Segment Overview

10.7.3 Financials

10.7.4 Key Developments

10.7.5 SWOT Analysis

10.8 Others

11 Appendix

List of Tables

TABLE 1 AFRICA MEDICAL DEVICES MARKET, 2020-2027 (USD MILLION)

TABLE 2 AFRICA MEDICAL DEVICES MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 3 AFRICA MEDICAL DEVICES MARKET, BY THERAPEUTIC APPLICATION, 2020-2027 (USD MILLION)

TABLE 4 AFRICA MEDICAL DEVICES MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 5 AFRICA MEDICAL DEVICES MARKET, BY REGION, 2020-2027 (USD MILLION)

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

FIGURE 6 AFRICA MEDICAL DEVICES MARKET, BY REGION

FIGURE 7 AFRICA MEDICAL DEVICES MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

Africa Medical Devices Market

Africa medical devices market to reach around $ 7069.61 million in 2027, by the end of the forecast period at a CAGR of ~ 6.3 %

Segmentation

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
By End User Hospitals Ambulatory And Home

Key Players

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

Drivers

  • Growing awareness and spread of information technology
  • Demand for early detection and noninvasive therapies
  • Development of user friendly devices
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Market Synopsis of Africa Medical Devices Market:

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. Africa presents both opportunities and challenges which are very different from the rest of world. The socioeconomic drivers include a guaranteed customer base as Africa has a disproportionate number of young people. It is estimated that 62% of the population in Africa is under 25 years as compared to Europe whose workforce is expected to shrink from 63% in 2010 to 51% in 2050. The second factor is the rising middle class of Africa. The regions with the greatest middle class population are South Africa, Nigeria, Algeria, Egypt and Morocco.

However there exists huge barriers too. The most formidable barrier is the low per capita income and the poor connectivity and infrastructure of Africa. 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. Thus two things should be noted African medical devices market is very price sensitive and opportunities lie at the lower end with devices with lower cost and features to dominate the segment. The first mover advantage is everything, as it is extremely difficult to dislodge the market leader due to lower profit margin on low cost devices and the smaller customer base. Thus the company which will dominate the Africa Medical devices market first will have a stranglehold on the market due to high switching costs and low competitors.


The other market barriers include high cost of imported medical devices and high sales tariffs, challenging and dynamic regulatory framework, low penetration of medical devices in Africa and differential connectivity in regions of Africa are factors restraining the growth of the Africa Medical devices market. Further political turmoil, the weak African currencies and their dependence on primary exports particularly mining are economic threats to the market. While technology and product development remain strong market strategies for medical devices the cost sensitivities of African market needs to be considered. Development of stronger biocompatible materials, growth of healthcare mobile applications, cloud integration are the leading themes. The other drivers of Africa Medical devices market are rising cost of healthcare which stimulated development of innovative connected products such as wearable medical devices, demand for early detection and noninvasive therapies, growing awareness and spread of information technology, development of user friendly devices etc.


Taking all factors into consideration, we expect the Africa medical devices market to reach around $ 7069.61 million from $ 4900 million in 2017, by the end of the forecast period at a CAGR of ~ 6.3 %.

Study Objectives Africa Medical Devices Market:



  • To provide detail analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Africa medical devices market

  • To provide insights about factors affecting the market growth

  • To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments for Africa medical devices market

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by product type, by therapeutic applications, by end users and other sub segments.

  • To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments globally.


Africa Medical Devices Market, by End Users, 2017 (% Market Share):

 


Africa Medical Devices Market, by End Users, 2017 (% Market Share)
Intended Audience:



  • Medical Devices Manufacturers

  • Medical Devices Suppliers

  • Private Research Laboratories

  • Research and Development (R&D) Companies

  • Market Research and Consulting Service Providers

  • Government Research Laboratories

  • Contract Manufacturing Organizations


Key Players for Africa Medical Devices Market:
Some of the key players in this Africa Medical devices market are: Mindray Medical International Limited, Koninklijke Philips Electronics NV., Siemens Ltd, Toshiba Medical Systems Corporation, GE Healthcare, Medtronic, Johnson & Johnson and others.

Segments:
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.

Regional Analysis of Africa Medical Devices Market:
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.

The report for Africa Medical Devices Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current Africa Medical devices market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the Africa Medical devices market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.



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Frequently Asked Questions (FAQ) :

Africa Medical Devices Market is projected to grow at a 6.3% CAGR between 2017-2023

Africa Medical Devices market is predicted to touch USD 7069.61 million by 2023

Major therapeutic applications of the Africa Medical Devices Market include urology, cardiovascular, dental, general surgery, and others

Key competitors profiled in the Africa Medical Devices Market include Johnson & Johnson, Medtronic, GE Healthcare, Toshiba Medical Systems Corporation, Siemens Ltd, Koninklijke Philips Electronics NV., and Mindray Medical International Limited

Key strategies incorporated by market players to create a dominance in the Africa Medical Devices Market include mergers, collaborations, acquisitions, and others.