DUBLIN--(BUSINESS WIRE)--The "South Africa Medical Device Market, Rules, and Regulations" report has been added to ResearchAndMarkets.com's offering.
South Africa medical device market is expected to grow at a CAGR of 8.97% during the forecasting period 2018-2024, due to public-private partnerships to develop hospitals, government new health insurance schemes and growing ageing population.
It is predicted that ageing population in South Africa will double by 2050 from the present figure. Around 90 percent of the total South African market is mainly contributed by multinational healthcare companies. In orthopedics, consumables, prosthetics and patient aids segments, United States is dominating in South African market. However, for cost cutting most of the medical device buyers are looking for Asian countries.
Syringe, Needle & Catheter is dominating segment in South Africa Medical Device Market but it is expected that its share will steadily decline in forecasting period 2018-2024. In 2017, Syringe, Needle & Catheter, Electro-Diagnostic and Imaging Parts & Accessories are the top three segments which together hold more than half of the total South Africa medical device market share. The other major segments such as Dental Products, Radiation Apparatus, Dental Instruments & Supplies, Ultra Sound, Medical X-ray Film and Dental X-ray contributed in a single digit market share in 2017.
South African Medicines Control Council set new licensing rules on August 24, 2017 for all domestic medical device companies and distributors that they must register with MCC within the specified deadline February 2018. This rule is not applicable for multinational healthcare companies but all medical device importers must obtain MCC licenses.
Medical Device Segments - Market & Forecast
1. Syringe, Needle & Catheter Device
3. Imaging Parts & Accessories
4. Fixation Devices
5. Dental Products Device (Total)
6. Radiation Apparatus
7. Dental Instruments & Supplies
8. Ultra Sound
9. Medical X-ray Film (flat)
10. Scintigraphic Apparatus
11. CT Scanners
12. Ostomy Products
13. Dental Drills
Key Topics Covered:
1. Executive Summary
2. South Africa Medical Device Market
3. Market Share Analysis - South Africa Medical Device
4. By Segments - South Africa Medical Device Market
5. South Africa - Medical Device and IVD Regulations
6. Growth Drivers
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