This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

African Medical Device Market: Facts And Figures 2012

NEW YORK, Dec. 13, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

African Medical Device Market: Facts and Figures 2012 

http://www.reportlinker.com/p0285783/African-Medical-Device-Market-Facts-and-Figures-2012.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Medical_Equipment_and_Supply 

Why look at Africa?

With a population of over a billion people, Africa represents a vast potential market. The political and economic picture is improving in many areas, as conflicts are brought under control, and governments show a new willingness to use export revenues to boost healthcare.

Levels of external aid remain strong. While this can be a double-edged sword for the economy of the country in question, a large number of development projects are ongoing. Virtually the entire continent is wholly reliant on imports, which rose by an average of 7.5% per year in the 2006-10 period. The least-developed areas of central and eastern Africa experienced even higher growth rates.

Health Expenditure

Total health expenditure is estimated at US$117.0 billion in 2012. South Africa is expected to account for US$34.1 billion, equal to 29.1% of the total. With Egypt accounting for US$12.7 billion or 10.9%. Per capita expenditure for Africa as a whole is estimated at US$112 in 2012. This ranges from around US$393 in southern Africa, to US$42 or less in the central region. Disparities are wider than this, however. South Africa spends around US$700 per person, while many spend less than US$50.

Public expenditure will amount to US$55.7 billion in 2012, or 47.6% of the total. South Africa is expected to account for US$13.7 billion of this, followed by around US$7.2 billion for Algeria, and US$5.2 billion each for Egypt and Nigeria. These countries have well-developed private hospital sectors, but in many countries private expenditure accounts for a high percentage of spending simply because there is very little public spending. Excepting South Africa, private expenditure is almost wholly on an out-of-pocket or charitable basis.

Import dependent medical equipment and supplies market tops US$3.2 billion

African countries rely on imported medical equipment and supplies which were valued at just over US$3.2 billion in 2010. This was a rise of 4.9% over 2009. Growth in imported medical products has been strong over the past few years, with a CAGR of 7.5% for the 2006-10 period. The fastest growth was recorded in western and northern Africa, with a more mixed picture elsewhere.

Other products you may be interested in, please click on the red textlink below to be taken to the relevant page;

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs