2013-09-02 10:40:21 - New Medical Devices research report from Espicom Business Intelligence is now available from Fast Market Research
OVERVIEW OF THE MEDICAL MARKET IN SOUTH AFRICA
South Africa is among the top 30 most populous countries in the world with an estimated population of 51.0mn in 2013. The population is relatively young and the dire AIDS situation is having a negative impact on population growth, despite the country having one of the highest birth rates in the world at around 22 live births per thousand population.
South Africa remains one of the wealthiest countries in Africa with per capita income in excess of US $7,000. It is a middle-income, emerging market, which boasts an abundant supply of natural resources. However, daunting economic problems remain from the apartheid era, especially poverty and the huge disparity in income distribution among the various
ethnic and social groups. High crime rates, and more importantly the inability of the police to tackle the problem, added to an HIV/AIDS pandemic also act as deterrents to foreign investment.
Full Report Details at
- www.fastmr.com/prod/672605_the_medical_device_market_south_afric ..
The provision of health services is extremely patchy. The wealthier sections of society have access to highly advanced secondary and tertiary facilities, but the majority of the population has limited access to grossly inadequate services. Where facilities do exist they are often underused due to mismanagement and chronic staff shortages.
South Africa has a particularly low provision of doctors at less than one doctor (0.8) per thousand population. In 2008, of the total 34,687 doctors or medical practitioners registered with the Health Professions Council of South Africa (HPCSA), only 30.7%, or 10,653, were working in the public sector with the majority working in the private sector. This means the provision rate for doctors in the public sector is just 0.2 per thousand population. The government is seeking to address the situation by expanding the intake of students to the country's eight medical schools and by sending more students to Cuba for
The long term growth prospects of the South African medical device market will be strongly influenced by the ANC government's policies in regards to the new National Health Insurance (NHI) scheme, the promotion of public-private partnerships to develop and upgrade hospitals, the serious shortage of healthcare personnel and an urgent need to effectively address the AIDS crisis in the country. A public private partnership has been signed with 23 companies to provide extra annual funding of ZAR40mn (US $4.4mn) to support the training of medical students, develop management expertise among health professionals and fund local research in HIV/AIDS and TB over the next three years.
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom's unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market
MAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS
At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.
Full text cross file searching with fast response or intuitive "drill down" into the content
Presentation-ready tables and graphics with "one click" output to other packages such as MS Excel and MS PowerPoint
View all tables and graphs independently from the text
Split screen for more efficient working
Instant machine translation into nine languages
A "Cut your own" report building feature
WITH THIS MARKET REPORT YOU CAN
Evaluate the potential of the market
Assess risks and opportunities on the basis of knowledge
Profile the market for new product, licences or collaborations
Understand the operating and regulatory environment
Gain a complete picture on health expenditure and infrastructure
Review the competitive environment
The Medical Device Market Saudi Arabia
The Medical Device Market Turkey
For more information on our Medical Market Reports please click here
About Espicom Business Intelligence
Espicom Business Intelligence is a highly-regarded and established provider of business intelligence services. Founded in 1982 as MDIS Publications Ltd, the company changed its name to Espicom in 1992. Initially a publisher in a wide range of industries such as power generation and telecommunications, they now focus on the global pharmaceutical and medical device sectors. View more research from Espicom Business Intelligence at www.fastmr.com/catalog/publishers.aspx?pubid=1025
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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