South Africa Medical Device Market to Register 8.97% CAGR to 2024, Predicts Renub Research in Its New Study Available at MarketPublishers.com26 Jan 2018 • by Natalie Aster
LONDON – South Africa medical device market is projected to gain traction at an 8.97% CAGR to 2024 owing to PPPs to develop hospitals, the government’s novel health insurance programs, and expanding ageing population. The country’s ageing population is set to double by end-2050 from the current figure. Nearly 90% of the overall South African market is primarily contributed by international healthcare companies.
Segment-wise, syringes, needles & catheters dominate the South Africa medical device market, but the segment’s share is poised to steadily decrease to 2024. As of 2017, syringe, needle & catheter, electro-diagnostic and imaging parts & accessories are the 3 major segments, holding together over 50% of the total medical device marketplace.
New report “South Africa Medical Device Market, Rules & Regulation” drawn up by Renub Research provides in-depth insights into the medical device market on a national scale. It provides an examination of the market’s current performance as well as projects its future growth trajectory; offers detailed market segmentation, provides an analysis of the key segments’ market shares. The research study sheds light on the rules and regulations in South Africa’s medical device and IVDs industry. It examines key market dynamics, focusing on major factors driving and limiting the growth of the market, identifies key market development trends and opportunities for growth. The publication includes market size estimates, by value, and forecasts of till 2024.
Go to Renub Research catalogue at MarketPublishers.com to find a large variety of the publisher’s market research reports.