Africa Healthcare Market expected to reach $64 Billion by 2024


Africa Healthcare Market Research Report 2018 to 2024 provides an in-depth analysis of the West Africa, East Africa, North Africa, South Africa, Central Africa appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Africa addressable appraisal market opportunity.

On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

This report provides a detailed analysis of the Healthcare market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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Essential points covered in Africa Healthcare Market2018 Research are:-

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the Africa Healthcare market?
  • What are the key market trends impacting the growth of the Africa Healthcare market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Africa Healthcare market?
  • What are the market opportunities and threats faced by the vendors in the Africa Healthcare market?
  • What are the key outcomes of the five forces analysis of the Africa Healthcare market?

This independent 425 pages report guarantees you will remain better informed than your competition. With over 300 tables and figures examining the Healthcare market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2024.

Furthermore, the report provides a detailed analysis of the Africa Healthcare market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the Africa Healthcare market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

Growth Drivers &Challenges :
Transforming healthcare system such as hospitals/clinics integrating IT with operations, in-country manufacturing, increasing options for micro-insurance, improvisation of care delivery, more solutions for providing POC healthcare, increasing focus on home diagnostics are driving the African healthcare market. Socio political movements associated with decreasing Africas dependence on foreign aid is gaining traction and efforts of regulatory harmonization across Africa tend to brighten up the African healthcare industry.
Challenging factors based on health workforce, medical products, vaccines and technologies, information, financing, and services delivery hinders the African healthcare system. Additionally, continuous confrontation by communicable and non-communicable diseases weakens the health system across the Africa.

Companies Mentioned are LIFE Healthcare Group, Mediclinic International, Netcare, Litha Healthcare Group, Medtronics, Roche, Alere, GE Healthcare, B Braun, Abbott

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Africa is mostly an agrarian economy; they are unable to grow economically because of fossilized pre-industrial and pre-agrarian-revolution social formations. With no industrial revolution socio economic structures are in degenerative state rather than accumulative state. With the evolving disease pattern, diseases such as malaria, tuberculosis and HIV/AIDS are globally present though but others like sleeping sickness are specific to Africa. Inoculation, vaccination and other preventions are available but lack of easy access to health clinics and high cost of certain treatments put help out of reach for maximum population. Malaria is widespread and kills one African child every 30 seconds, leading cause of death among under-fives in many countries. Bilharzia (also known as Schistosomiasis) is another common disease, caused by parasites which live and breed in some freshwater snails. Lassa fever, specific to West Africa, is highly contagious and can cause severe illness. However, polio is eradicated from many parts of the world, is still endemic in Nigeria and outbreaks occur in other parts of Africa. Other common diseases include elephantiasis, leprosy, helminthiasis and trachoma. If ignored, most diseases will cause severe debilitation which limits the sufferers ability to earn a living.

According to the International Finance Corporation and World Bank, African healthcare sector valued USD 35 billion in 2016 and tends to increase by the projected CAGR of 6% over the forecast years.
African pharmaceutical market was USD 19 billion in 2016 and is expected to reach USD 62 billion by 2024. Emerging private healthcare is contributing to the growth of African health system.
Countries like Botswana, South Africa, Mauritius and Lesotho that had the most room for improvement among others owing to relatively high life expectancy and expenditure on healthcare. Botswana has brunt of the AIDS epidemic with remarkable resilience and is now one of the highest life expectancies in Africa.

The Healthcare market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, Africa economic downturn, high probability of terror attack, etc. The Africa Healthcare market is expected to grow at a healthy rate during the forecast period (2018-2024). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the Africa Healthcare market.

The report provides a basic overview of the Healthcare industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on Africa major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Healthcare industry development trends and marketing channels are analyzed.

The research includes historic data from 2014 to 2017 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Healthcare on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Healthcare Market and assist manufacturers and investment organization to better grasp the development course of Healthcare Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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