South Africa Healthcare Market: Ken Research

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South Africa healthcare market size, market segmentation by hospitals & clinics, diagnostic labs market, pharmaceutical market and medical devices market. 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.

  • Healthcare market in South Africa has been supported by the ever increasing and ageing population of the country.
  • The increasing demand for public hospitals, clinics and diagnostic center along with increase in use of generic medicines will lead the growth of the South African healthcare market in the upcoming years.

The South African government has been investing heavily to overcome the shortcomings of the public health system. To tackle the widespread HIV and AIDS the government has initiated test and treat policy in September 2017. There are several other projects initiated by the government in various districts of the country. The National Health Insurance (NHI) system aims at covering the entire population of the country and make good quality healthcare accessible and affordable to everyone. However, owing to the ever increasing and ageing population, the pressure on the public healthcare system is huge and requires further development of the basis infrastructural facilities. The private sector in the country is well funded and expensive; beyond the reach of the common people. There have been a lot of mergers and acquisitions in the private sector in the past few years. The private sector is expected to grow with the building up of new hospitals and launch of new drugs in the market in the future. In recent years the average household expenditure on healthcare in South Africa has also increased and is expected to further increase in the future. Majority of the healthcare services are concentrated in urban areas and cities and there is need for new healthcare facilities to be built in rural areas. The overall Healthcare Access and Quality (HAQ) Index in the country has increased, but there is still a huge gap between the present index rating and the best possible threshold rating, given the level of development in the country.

The number of public hospitals in the country is gradually increasing and is expected to further increase in the future. This will release the pressure off the public hospitals and raise the overall standard of healthcare in the country. Increase in number of hospitals will further create demand in the diagnostic laboratories and pharmaceutical sector of the country. The demand for generic drugs has increased in recent years owing to the increase in average income of the middle class population in the country. National and international companies are expected to invest heavily in research and manufacturing of generic drugs in the future. The dependency on import of these devices is likely to continue in the future. However, the overall domestic production of medical equipments is expected to grow in the country.

Ken Research in its latest study, South Africa Healthcare Market by Industry Type (Hospitals & Clinics, Diagnostic Labs, Pharmaceutical and Medical Devices) –Outlook to 2022, suggests that the Healthcare market in the South Africa will grow at a substantial rate owing to the ever increasing and ageing population of the country, development of healthcare infrastructure and rise in demand for pharmaceutical products.

 For more information on the research report, refer to below link:

https://www.kenresearch.com/healthcare/general-healthcare/south-africa-healthcare-market-report/142339-91.html

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