Business Monitor International


Ghana Medical Devices Report

Published 06 February 2014

  • 141 pages
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$1,295.00
Ghana Medical Devices Report

Espicom Industry View : Ghana represents a comparatively small medical device market of just under US$100mn, similar in size to Kenya and Oman. Per capita spending is low at US$3.6 indicating considerable potential for expansion. Primarily supplied by imports, the market has enjoyed one of the world's highest CAGRs over the 2008-2013 period and further high growth, at a 12.8% CAGR, should see the market become increasingly attractive to foreign suppliers.

Headline Industry Forecasts

  • In 2013, the medical device market is estimated at US$94.9mn, equal to US$3.6 per capita. The market is projected to grow to US$173.4mn by 2018, at a CAGR of 12.8%. Double-digit growth is anticipated across all sectors of the market.

  • After more than doubling to US$112.9mn in 2012, imports of medical devices can be expected to continue the growth trend which resulted in a CAGR of 19.7% over the 2007-2012 period.

  • Exports are minimal, totalling just US$343,000 in 2012.

  • Ghanaian medical device production is negligible, accounting for less than 5% of the market.

Headline Industry Risk/Reward Rating

  • Ghana is one of the less attractive markets in the Middle East and Africa for commercialising a medical device, according to BMI Espicom's Medical Device Risk/Reward Ratings (RRRs). The country's overall score for Q214 is 41.7 out of 100, ranking it 10 th amongst the 14 key markets covered in the Middle East and Africa. It is however, the second highest ranked sub-saharan market of those analysed, after South Africa.

Headline Healthcare Overview

  • Ghana's population reached an estimated 25.9mn in 2013, having risen at a CAGR of 2.3% since 2008. The total number of live births and the number of deaths have increased over the 2008-2013 period, while the rate for both indicators per thousand population has decreased. Life expectancy stands at an estimated 60.2 years for males and 62.1 years for females in 2013.

  • Expenditure on healthcare is estimated at US$1.8bn in 2013,...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Politics
10
Economic
12
Business Environment
13
Industry Forecast
15
Medical Device Market Forecast
15
Past Performance 2008-2013
15
Future Performance, 2013-2018
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Table: Detailed Medical Device Market By Product Area (US$ Per Capita)
21
Table: Detailed Medical Device Market By Product Area, 2008-2013 (% Of Total)
23
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
26
Consumables Market Forecast
30
Table: Consumables Market, 2008-2018 (US$mn)
30
Table: Consumables Market, 2008-2018 (US$ Per Capita)
31
Table: Consumables Market, 2009-2018 (US$mn, % Change)
32
Diagnostic Imaging Market Forecast
34
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
35
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
36
Table: Diagnostic Imaging Market, 2009-2018 (US$mn, % Change)
37
Dental Products Market Forecast
40
Table: Dental Products Market, 2008-2018 (US$mn)
40
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
41
Table: Dental Products Market, 2009-2018 (US$mn, % Change)
41
Orthopaedics & Prosthetics Market Forecast
43
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
44
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
44
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
45
Patient Aids Market Forecast
46
Table: Patient Aids Market, 2008-2018 (US$mn)
47
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
47
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
48
Other Medical Devices Market Forecast
49
Table: Other Medical Devices Market, 2008-2018 (US$mn)
50
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
50
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
51
Annual Medical Device Imports
53
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
57
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
58
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
59
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
60
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
62
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
64
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
65
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
67
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
68
Table: Detailed Medical Device Import Trends By Product Area, 2012
71
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
74
Monthly Medical Device Imports
78
Table: Monthly Medical Device Imports By Product Area, March 2011 - September 2013 (US$mn)
78
Annual Medical Device Exports
80
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
82
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
83
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
84
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
85
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
87
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
88
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
89
Table: Leading Medical Device Destinations, 2012 (US$ 000s)
91
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
92
Table: Detailed Medical Device Export Trends By Product Area, 2012
94
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
96
Table: Detailed Medical Device Trade Balance, 2008-2012 (US$000s)
98
Monthly Medical Device Exports
101
Table: Monthly Medical Device Exports By Product Area, March 2011 - September 2013 (US$mn)
101
Macroeconomic Forecasts
103
Economic Analysis
103
Table: Ghana - Economic Activity
108
Industry Risk Reward Ratings
109
Table: Middle East And Africa Medical Device Risk/Reward Ratings, Q214
110
Market Overview
111
Medical Device Market Overview
111
Overview
111
Table: Medical Device Market, Key Ratios, 2013
111
The Market In 2013
112
Table: Medical Device Market By Product Area, 2013
112
Healthcare Overview
113
Healthcare Status
113
Healthcare System
113
Healthcare Funding
117
Healthcare Resources
118
Healthcare Activity
118
Healthcare Personnel
119
Key Data
119
Table: Key Data, 2008-2013
119
Industry Trends & Developments
122
Regulatory Development
125
Medical Device Regulations
125
Competent Authority
125
Regulations
127
Competitive Landscape
129
Multinational Market Activity
129
Table: Multinational Market Activity, 2013
129
Medical Device Market Access
130
Market Environment
130
Imports Procedures
130
Trade Fair
131
Methodology
132
Medical Device Market Methodology
132
Trade Code Classifications
133
Table: Used HS Trade Codes, 2014
133
Table: Rearranged HS Trade Codes, 2014
135
Risk/Reward Ratings Methodology
138
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
139
Sources
140
Contact
141

The Ghana Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity in Ghana provides industry professionals, strategists, company executives, and analysts with independent forecasts and competitive intelligence on the Ghana medical devices industry.

Key Benefits

  • Benchmark Espicom’s Medical Devices expenditure forecasts, which take into account macroeconomic and industry-specific forecasts for Ghana, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Ghana.
  • Target Business Opportunities in the Ghana medical devices market by using our assessments and projections for disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Ghana.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc