Africa Medical Device Market (2020-2026) - Size, Outlook, Growth, Forecast, industry, Share & COVID-19 IMPACT

Latest 2023 Developments of the Africa Medical Devices Market

The Africa Medical Devices Market is becoming increasingly popular since the sector plays an essential role in the region. The coronavirus pandemic has driven the demand for medical devices not just in Africa but also across the world. In response, a number of players have expanded the production of essential products such as personal protective equipment (PPE) and ventilators in order to meet the rising requirement. There has been a push in numerous African nations to rise local manufacturing of medical devices to support economic development and decrease dependence on imports. For instance, South Africa 2020, launched a new program in order to support the local production of medical supplies.

International players are constantly investing in Africa Medical Devices Industry and partnering with local players with the purpose to increase their reach. A number of African nations are working to enhance their regulatory frameworks for medical equipment, which may help ensure the safety as well as the efficacy of products. For instance, Nigeria 2019 launched a new system for regulating medical equipment, including certification, post-market surveillance, and registration. These developments have been aiding in the Africa Medical Devices Market Growth.

Topics Covered in The Africa Medical Device Market

Africa medical device market report thoroughly covers the market by product type, Industry type, and key countries including South Africa, Kenya, Nigeria, Ghana, and the rest of Africa. Africa medical device market outlook report provides an unbiased and detailed analysis of the ongoing medical device market trends opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Africa Medical device market Synopsis

Africa Medical device market is growing at a steady pace; mainly due to the rapidly growing middle-income group, increasing healthcare expenditure, an increasing number of medical tourists, the proliferation of hospitals, government programs, and support, and increasing incidence of lifestyle diseases. Moreover, rising economic growth also drives the medical devices market in this region.

According to 6Wresearch, the Africa Medical Devices Market size is anticipated to register growth during 2020-2026. Growing advancement in technology coupled with changing ways of medical instruments is driving the Africa Medical Devices Market Growth. The growing development of innovative medical instruments coupled with the increasing cost of healthcare is also accelerating the development of the market. However, the high cost of treatment, tax, and tariffs are some of the restraining factors in the development of the market. The outburst of the coronavirus pandemic has hampered the growth of every industry. However, the demand for medical devices gained upsurged due to the rising demand for medical devices due to the spread of the disease.

The market for medical devices is growing rapidly in Africa region owing to the upgrade of hospitals, the introduction of health insurance policies, and the rapidly growing middle-income group. The government is focusing more to improve the lives of their citizen; thus, they are more focused on the establishment of the best hospitals in the region.  This region is more focused on new technology and advanced treatment option; thus, the local players are focusing more on mergers and acquisitions and research and development programs for the development of medical devices.

Medtronic, Abbott, Boston Scientific Corporation, Braun Melsungen AG, 3M, General Electric Company, Stryker Corporation, Koninklijke Philips N. V., Siemens AG, and Johnson and Johnson Services, Inc. are among the leading companies operating in the Medical Devices Market.

COVID-19 Impact on Africa Medical Devices Market

The pandemic had a significant impact on the Medical Device Industry in Africa. The pandemic positively affected the growth of the market. There was a major increase in demand for medical equipment during the pandemic in Africa. The coronavirus pandemic has driven the demand for medical devices not just in Africa but also across the world. In response, a number of players have expanded the production of essential products such as personal protective equipment (PPE), oxygen concentrators, and ventilators in order to meet the rising requirement. The pandemic also led to a rising investment as well as partnerships in the sector. International players started investing in the sector during the pandemic which affected the growth of the market positively. On the other hand, disruptions in the supply chain affected the market growth negatively since there were restrictions on the movement of people and products, which affected the market growth negatively in some ways. 

Key Highlights of the Report:

• Africa Medical Devices Market Outlook
• Africa Medical Devices Market Overview
• Africa Medical Devices Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Africa Medical Devices Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Applications
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Kenya Medical Devices Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Nigeria Medical Devices Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Ghana Medical Devices Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Africa Medical Devices Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for the Rest of Africa Medical Devices Market
• Market Drivers and Restraints
• Africa Medical Devices Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Medical Devices Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Application:

• Hospitals and Ambulatory Surgical Centers
• Clinics
• Others

By Type:

• Orthopedic Devices
• Diagnostic Devices
• Cardiovascular Devices
• IVD
• MIS
• Wound Management
• Diabetes Care
• Others

By Countries:

• Kenya
• Nigeria
• Ghana
• South Africa
• Rest of Africa