South Africa Healthcare Market

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South Africa Pharmaceuticals Market Size
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South Africa is the biggest economies in Africa
after Nigeria. The access to basic healthcare
services has improved in the country however,
the pressure on public healthcare facilities
(hospitals, clinics, diagnostic laboratories
etc.) has increased substantially in recent
years. There is a stark divide in healthcare
between the rich and the poor of South Africa.
The public healthcare system is large,
under-resourced and overburdened, whereas the
private healthcare sector in the country is well
funded and well equipped. The private sector is
highly concentrated and dominated by the presence
of a few big players Netcare Limited, The life
Healthcare Group Limited and Mediclinic Southern
Africa.
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South Africa is one of the best regions in Africa
for manufacturing of pharmaceutical 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
indigenous pharmaceutical companies majorly
manufacture generic drugs. International
companies in the country majorly operate in
partnership with a local company. The medical
devices market is majorly dependant on imports.
The medical devices in public hospitals, clinics
and diagnostic labs require to be updated. The
private healthcare establishment on the other
hand uses the latest equipments and contributes
substantial revenue to the overall market.
Devices for imaging and orthopedic devices
contribute a major share of revenue to the
market.
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The number of hospitals has gradually increased
in the country. Most of the hospitals and clinics
in the country are run by the government and they
are not adequate to cope up with the demand of
the ever increasing population. Similar to the
hospitals and clinics, most of the diagnostic
laboratories in South Africa are owned and
operated by the government. With the rise in
population of the country there has been a
significant increase in demand for diagnostic
tests. The number of private labs is increasing
and private investment into the sector is
expected to increase in the future.  
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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 by Ken Research suggested a
growth at a positive CAGR in revenues in South
Africa Healthcare market in the next 5 years till
2022, due to ever increasing and ageing
population, development of both public and
private healthcare infrastructure and increase in
average spending on healthcare.
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For more information on the research report,
refer to below link https//www.kenresearch.com/h
ealthcare/general-healthcare/south-africa-healthca
re-market-report/142339-91.html   Related Reports
by Ken Research   Qatar Healthcare Market to 2021
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Healthcare Infrastructure to Foster Future
Growth    Contact UsKen ResearchAnkur Gupta,
Head Marketing CommunicationsAnkur_at_kenresearch.
com91-9015378249
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