DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/724b1b/the_african_medica) has announced the addition of the "The African Medical Market Fact Book 2012" report to their offering.
The Indispensible Guide To Key Health, Economic And Demographic Statistics In 51 Emerging African Markets
Africa: A continent of huge untapped potential or a commercial graveyard? This statistics-rich report presents hard-to-find facts and figures on which to base a rational, intelligence-led assessment of the potential prospects for African nations.
Why Look at Africa?
With a population of over a billion people, Africa represents a vast potential market. The political and economic picture is improving in many areas, as conflicts are brought under control, and governments show a new willingness to use export revenues to boost healthcare.
Levels of external aid remain strong. While this can be a double-edged sword for the economy of the country in question, a large number of development projects are ongoing. Virtually the entire continent is wholly reliant on imports, which rose by an average of 7.5% per year in the 2006-10 period. The least-developed areas of central and eastern Africa experienced even higher growth rates.
Total health expenditure is estimated at US$117.0 billion in 2012. South Africa is expected to account for US$34.1 billion, equal to 29.1% of the total. With Egypt accounting for US$12.7 billion or 10.9%. Per capita expenditure for Africa as a whole is estimated at US$112 in 2012. This ranges from around US$393 in southern Africa, to US$42 or less in the central region. Disparities are wider than this, however. South Africa spends around US$700 per person, while many spend less than US$50. Public expenditure will amount to US$55.7 billion in 2012, or 47.6% of the total.
Import Dependent Medical Equipment And Supplies Market Tops US$3.2 Billion:
African countries rely on imported medical equipment and supplies which were valued at just over US$3.2 billion in 2010. This was a rise of 4.9% over 2009. Growth in imported medical products has been strong over the past few years, with a CAGR of 7.5% for the 2006-10 period. The fastest growth was recorded in western and northern Africa, with a more mixed picture elsewhere.
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Source: Espicom Business Intelligence Ltd