Healthcare: African Medical Equipment Market Set to Double by 2035
Valued at $5.8 billion in 2024, the value of transactions related to medical devices will reach $11.2 billion, representing an average annual growth of 6.8%.
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Driven by policies expanding health coverage and the proliferation of private platforms, medical imaging will generate $2.8 billion in global revenues by term. Furthermore, in vitro diagnostic activities will follow a similar upward trajectory, rising from $1.1 billion in 2024 to $2.3 billion by 2035.
Currently, South Africa dominates continental exchanges, capturing 28.5% of market share with $1.6 billion, closely followed by the North African and West African sub-regions, where Nigeria leads investments.
To curb excessive dependence on external imports, the African Union and the U.S. Food and Drug Administration are supporting the establishment of local assembly units.
Bringing manufacturing centers closer to consumption basins will reduce logistics costs while ensuring the continuous availability of spare parts necessary for operating room functionality.
The structuring of an endogenous industrial ecosystem will transform hospital supply while stimulating the creation of skilled jobs in biomedical maintenance. To this end, the creation of regional value chains will offer public decision-makers the opportunity to secure essential budgetary sustainability for the viability of healthcare systems.
BCN
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