The South Africa medical device market will register a 9.1% CAGR between 2017-2018 according to a recent Fitch Solutions report. This significant growth will raise the market to USD 1.27 bn by 2018.

JOHANNESBURG, SOUTH AFRICA, December 19, 2019 /24-7PressRelease/ — The South Africa medical device market will register a 9.1% CAGR between 2017-2018 according to a recent Fitch Solutions report. This significant growth will raise the market to USD 1.27 bn by 2018.

A substantial portion of medical device and lab equipment exports are sent to other parts of Africa, with 12 African nations featuring in its top 20 export destinations last year.

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Medical Devices Overview
• South Africa is one of the largest medical devices markets in the Middle East & Africa (MEA) region, similar in
size to Iran.
• Market size is supported by a large population and Africa’s most industrialised economy.
• Spending on medical devices as a proportion of wealth is around average for the MEA region.
• ‘Other medical devices’ accounts for nearly 40% of the total market.
• As an emerging market it offers considerable potential for growth.
• National Health Insurance programme is in the early stages of implementation.
• Limited medical device production, therefore market largely dependent on imports

Market Overview
The South Africa medical device market will register a 9.1% CAGR between 2017-2018 according to a recent Fitch Solutions report. This significant growth will raise the market to USD 1.27 bn by 2018 with a product category breakdown that looks like this:

South Africa Medical Device Market by Product Category in 2018

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