Business Monitor International


Ghana Medical Devices Report

Published 01 August 2014

  • 141 pages
 
$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.

  • Imports more than doubled to US$112.9mn in 2012, growth which contributed to 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 Q314 is 39.9 out of 100, ranking it 13 th amongst the 14 key markets covered in the Middle East and Africa (MEA). This represents a fall of three places since Q214. It is however, the third highest ranked sub-Saharan market of those analysed, after South Africa and Kenya.

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.

  • Ghana's expenditure on healthcare was estimated at US$2.1bn...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Economic
10
Politics
11
Business Environment
13
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Consumables Market Forecast
21
Table: Consumables Market, 2008-2018 (US$mn)
21
Table: Consumables Market, 2009-2018 (US$mn, % Change)
22
Diagnostic Imaging Market Forecast
23
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
24
Table: Diagnostic Imaging Market, 2009-2018 (US$mn, % Change)
25
Dental Products Market Forecast
27
Table: Dental Products Market, 2008-2018 (US$mn)
27
Table: Dental Products Market, 2009-2018 (US$mn, % Change)
28
Orthopaedics & Prosthetics Market Forecast
29
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
30
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
30
Patient Aids Market Forecast
31
Table: Patient Aids Market, 2008-2018 (US$mn)
32
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
32
Other Medical Devices Market Forecast
33
Table: Other Medical Devices Market, 2008-2018 (US$mn)
34
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
34
Annual Medical Device Imports
36
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
39
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
40
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
41
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
42
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
44
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
45
Table: Detailed Medical Device Import Trends By Product Area, 2012
48
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
51
Monthly Medical Device Imports
54
Table: Monthly Medical Device Imports By Product Area, June 2011 - December 2013 (US$mn)
54
Annual Medical Device Exports
57
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
58
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
59
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
60
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
61
Table: Leading Medical Device Destinations, 2012 (US$ 000s)
63
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
64
Table: Detailed Medical Device Export Trends By Product Area, 2012
66
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
68
Table: Detailed Medical Device Trade Balance, 2008-2012 (US$000s)
69
Monthly Medical Device Exports
72
Table: Monthly Medical Device Exports By Product Area, June 2011 - December 2013 (US$mn)
72
Macroeconomic Forecasts
75
Economic Analysis
75
Expenditure Breakdown
77
Table: Economic Activity (Ghana 2009-2018)
79
Industry Risk Reward Ratings
80
Table: Middle East And Africa Medical Device Risk/Reward Ratings, Q314
81
Market Overview
82
Medical Device Market Overview
82
Table: Medical Device Market, Key Ratios, 2013
83
Table: Medical Device Market By Product Area, 2013
83
Healthcare Overview
84
Healthcare Status
84
Healthcare System
84
Healthcare Funding
88
Healthcare Resources
89
Healthcare Activity
89
Healthcare Personnel
89
Key Healthcare Data
89
Table: Key Healthcare Data, 2008-2013
89
Industry Trends & Developments
92
Regulatory Development
96
Medical Device Regulations
96
Competent Authority
96
Regulations
98
Competitive Landscape
100
Multinational Market Activity
100
Table: Multinational Market Activity, 2014
100
Medical Device Market Access
101
Market Environment
101
Imports Procedures
101
Trade Fair
102
Methodology
103
Medical Device Market Methodology
103
Trade Code Classifications
104
Table: Used HS Trade Codes, 2014
104
Table: Rearranged HS Trade Codes, 2014
106
Risk/Reward Ratings Methodology
109
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
110
Sources
111
Contact
112

The Ghana Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data 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 BMI's Medical Devices market 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 demographic trends, regulatory developments, investment dynamics and domestic demand in Ghana.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View
Provides industry, political and economic views. Briefly analyses the Medical Devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT
SWOT analyses of the Medical Devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts
Evaluates and analyses the Medical Devices market in terms of historical and forecast trends, covering six product areas and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) tool, which provides a globally comparative and numerically based assessment of the Medical Devices market’s attractiveness.

Market Overview
Assesses the Medical Devices market in the current year. Additionally, covers healthcare intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory Developments
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

Competitive Landscape
Values historical Medical Devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

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