South Africa Healthcare Market Research Report: Ken Research

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South Africa Healthcare Market Research Report
Ken Research
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The report titled South Africa Healthcare Market
by Industry Type (Hospitals Clinics, Diagnostic
Labs, Pharmaceutical and Medical Devices)Outlook
to 2022 provides a comprehensive analysis of the
healthcare market in South Africa. The report
covers South Africa healthcare market size,
market segmentation by hospitals clinics,
diagnostic labs, pharmaceutical and medical
devices. The report also covers market in
different aspects such as healthcare scenario in
South Africa, government and private spending on
healthcare, cross comparison of healthcare sector
of South Africa with other African countries,
mergers, acquisitions and funding in healthcare
sector, investment model for setting up a
hospital, snapshots of daycare centers and
polyclinics, investment model for setting up a
diagnostic laboratory, government regulations for
launching a new drug, disruptive IT companies in
South Africa and comparative analysis of major
players in each section. The report provides
detailed overview on future outlook projections
with analyst recommendations for the industry.
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Market Potential The healthcare sector in South
Africa is one of the most dynamic markets in the
country. The countrys basic health indicators
have improved in the past few years. The overall
healthcare market has increased from USD
billion in 2012 to USD billion in 2017 and
witnessed a growth rate of during the period
2012-2017. The public sector serves around of
the population and account for of the
spending. The private sector serves around of
the population and accounts for of the
spending, while the rest of spending are done
by the various non-governmental organizations
present in the country. One of the major diseases
prevalent in South Africa is HIV/AIDS. The
government and non-governmental organizations run
a number of programmes for research and to
support and provide medicines to people affected
by HIV/AIDS. The average life expectancy in the
country has decreased and some of the major
causes of deaths are HIV/AIDS, tuberculosis,
diabetes, cerebrovascular diseases, heart
diseases, respiratory diseases, diarrheal
diseases, influenza and pneumonia. There is a
huge gap in health status of different regions in
the country.
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The country has been developing its healthcare
infrastructure including hospitals, diagnostic
labs, clinics and the pharmaceutical sector. In
addition to all these factors, fast rising and
ageing population in the country further adds to
the advantages for South Africa healthcare
market. Medical Devices Market The medical
devices industry is import driven in South
Africa. The imports contribute to around of
the entire domestic market while domestic
manufacturing contributes only of the total
revenue of the market. US, Germany, China,
Switzerland, UK, Japan, Mexico, Ireland, France
and Netherlands are the top medical devices
import market for South Africa. The industry has
witnessed substantial growth in the past few
years and is expected to continue the trend in
the future. The medical devices market
contributed a share of around (USD billion)
of the total healthcare market in South Africa in
2017. The CAGR for the medical devices market
during 2012-2017 was . The medical devices
production firms in the country are small or
medium sized businesses.
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Most of the multinational companies collaborate
with local companies and then operate in the
country. Most of the hospitals, clinics and
diagnostic labs are government owned. The
percentage share of domestically produced devices
in the country is likely to increase in the
future. The government provides a number of
incentives for domestic manufacturers. The market
has been majorly dominated by consumable
equipment which contributing (USD million)
while diagnostic imaging products contributed
around (USD million) to the overall medical
devices market. A large percentage of the revenue
was also contributed by orthopedic appliances
implants. Pharmaceuticals Market South Africa
is the leading country in Africa for
pharmaceutical manufacturing. One of the main
reasons for this is the significantly rising
population of the country along with availability
of cheap labour, world class infrastructure and
introduction of South African Health Products
Regulatory Authority (SAHPRA). SAHPRA has
replaced MCC and will work towards reducing the
time taken to launch a product in the market. The
overall size of the pharmaceutical market has
increased with a CAGR of from USD billion in
2012 to USD in 2017.
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The government through its policies has tried to
address the increasing demand of pharmaceutical
products in the country, however there is a huge
room for growth. The market is dominated by the
presence of global pharmaceutical firms. Around
of the total pharma products consumed in the
country are imported. Increasing rate and
prevalence of TB, HIV, respiratory,
cerebrovascular and heart diseases among the
growing population of the country has created
high demand for generic and patented drugs. In
context of therapeutic drugs, majority of the
demand is to treat diabetes, respiratory and
cardiovascular diseases. The government aims to
reduce the expenditure done by an individual on
drugs by increasing the use of generic medicines.
However the market is expected to grow because of
the ageing population of the country. The sales
of over-the-counter drugs have also increased in
recent years which have further escalated the
pharma market in the country. Hospitals Market
South Africa is dominated by the presence of
government run hospitals and clinics. There are
around hospitals and clinics in the country
out of which are run by the government and the
rest are private.
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A ruling by the Competition Tribunal in the
country in 2004 changed the entire structure of
the healthcare market in South Africa. The ruling
prevented collective pricing done by various
organizations. There have been a number of
mergers and acquisitions in the market which has
lead the private hospital market to concentrate.
The private hospital market in the country is
dominated by three major players Netcare
Limited, The life Healthcare Group Limited and
Mediclinic Southern Africa. The number of
inpatients and outpatients has increased at a
CAGR of and respectively during 2012-2017.
The overall revenue of the hospital market in
South Africa has increased with a CAGR of from
USD billion in 2012 to USD in 2017. A large
percentage of medical staff works for in the
private sector which has increased the burden on
public hospital staff. The government is making
huge efforts to address problem like this and is
engaged to expand the reach of public hospitals
into rural areas of the country. Diagnostic
Laboratories Market Owing to government
policies, the healthcare sector in the country is
gradually growing. The number of hospitals
clinics is increasing and so is the overall
standard of healthcare services.
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To cater to this demand there is a vital
requirement for affective and faster diagnostic
laboratories. The overall market for diagnostic
laboratories has increased from USD million in
2012 to USD million in 2017 with a CAGR of
during this period. The market has a presence of
a number of private labs which contribute around
(USD million) to the overall diagnostic
laboratories market, while the government run lab
contribute around (USD million). The rise in
average income of the middle class in South
Africa coupled with increasing prevalence of
chronic diseases is a major factor which has led
to the growth of diagnostic laboratories. These
laboratories are actively engaged in providing
imaging and pathology tests. Pathology tests
contributed approximately of the total
revenue, while imaging tests contributed around
in 2017. Key Topics Covered in the
Report South Africa Healthcare Market
SizeSouth Africa Hospital RevenueSouth Africa
Medical Devices Market SizeSouth Africa Medical
Devices Revenue
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Import of Medical Devices South Africa South
Africa Medical Devices Market CompetitionSouth
Africa Pharmaceuticals Market RevenueSouth
Africa Pharmaceuticals Market Future
GrowthCompetition South Africa
PharmaceuticalMarket Share of Major South Africa
Pharmaceutical companiesSouth Africa Hospitals
Market SizeMajor Hospitals in South AfricaSouth
Africa Clinic and Health Center
Market Polyclinics Market South AfricaSouth
Africa Diagnostic Laboratories Market
SizeComparative Analysis of Major Diagnostic
Labs in Telemedicine Market South AfricaSouth
Africa Healthcare Market Future
OutlookGovernment Expenditure HealthcareSector
Growth Healthcare South AfricaCompetition Multi
Specialty Hospitals South AfricaPrescribed Drugs
Market South AfricaOTC Drugs Market Revenue
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