Ghana Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Ghana Medical Devices Report
Product Price
$1,295.00

BMI View : Ghana remains a small medical device market which will record double- digit growth in local currency terms and high single-digit growth in US dollar terms. An improved economic outlook for the coming years will benefit the market; h owever, very low healthcare spending will continue to restrict the market size in comparison to other markets in the SSA region.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 59.5 2.2 224.6 8.2 3.8
2016 66.8 2.4 260.6 9.3 3.9
2017 73.8 2.6 306.9 10.7 4.2
2018 78.4 2.7 343.2 11.7 4.4
2019 84.8 2.8 384.5 12.9 4.5
2020 92.1 3.0 426.3 14.0 4.6

Latest Updates And Key Forecasts

  • We maintain our forecast that the market will expand by a 2015-2020 CAGR of 13.7% in local currency terms, which should see it rise to GHS426.3mn in 2020. In US dollar terms, we have revised upwards our forecasts and now project that the market will expand by a 2015-2020 CAGR of 9.2%, which should see it increase to USD92.1mn in 2020.

  • With the economy forecast to outperform and currency depreciation set to be less severe in 2017, we expect import performance to improve in US dollar terms. The latest monthly mirror trade data reveal that imports increased by 106.0% y-o-y to USD20.8mn in the three months to May 2016, and by 2.9% to USD67.0mn over the 12 months to May 2016.

  • We expect low and volatile exports. The latest monthly mirror trade data reveal that exports fell by 51.4% y-o-y in the three months to May 2016, to USD0.1mn. Exports decreased by 72.5% in the 12 months to May 2016, to USD0.3mn. Most of the exports were in the form of consumables.

  • The Department of Chemical Pathology of the University of Cape Coast has developed a breast cancer detection device for women in Sub-Saharan Africa. The device, known as ''Breast Eye'', is said to be able to detect suspicious breast lumps in women and give accurate results for screening. We note that domestic inventions will continue to grow in sophistication, driven by a rise in non-communicable diseases.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates And Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
12
Consumables Market Forecast
16
Key Updates
16
Structural Trends
16
Bandages & Dressings
16
Suturing Materials
17
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2009-2019 (USDmn)
18
Table: Consumables Market, 2010-2019 (USDmn, % Change)
19
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
22
Radiation Apparatus
22
Imaging Parts & Accessories
22
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
23
Table: Diagnostic Imaging Market, 2010-2019 (USDmn, % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
26
Table: Dental Products Market, 2009-2019 (USDmn)
27
Table: Dental Products Market, 2010-2019 (USDmn, % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
30
Artificial Joints
31
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
32
Patient Aids Market Forecast
33
Latest Updates
33
Structural Trends
33
Portable Aids
33
Therapeutic Appliances
34
Table: Patient Aids Market, 2009-2019 (USDmn)
34
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
35
Other Medical Devices Market Forecast
37
Structural Trends
37
Table: Other Medical Devices Market, 2009-2019 (USDmn)
38
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
39
Annual Medical Device Imports
41
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
44
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
45
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
47
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Detailed Medical Device Import Trends By Product Area, 2014
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
55
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
59
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
61
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
62
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
64
Table: Detailed Medical Device Export Trends By Product Area, 2014
67
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
70
Monthly Medical Device Exports
73
Table: Monthly Medical Device Exports By Product Area, Year Ended December 2015 (USDmn)
73
Industry Risk/Reward Index
74
Table: MEA Medical Device Risk/Reward Index, Q316
75
Market Overview
76
Medical Device Market Overview
76
Table: Medical Device Market, Key Ratios, 2015
76
Table: Medical Device Market By Product Area, 2015
77
Healthcare Overview
77
Healthcare Status
77
Healthcare System
79
Healthcare Funding
83
Healthcare Resources
84
Healthcare Activity
85
Healthcare Personnel
85
Key Healthcare Data
86
Table: Key Healthcare Data, 2010-2015
86
Industry Trends & Developments
88
Regulatory Development
97
Medical Device Regulations
97
Competent Authority
97
Regulations
99
Competitive Landscape
101
National Medical Device Manufacturers
101
Avgad Ghana
101
Multinational Market Activity
101
Becton Dickinson
101
General Electric
102
Philips
103
Siemens
104
Medical Device Market Access
104
Market Environment
104
Import Procedures
104
Trade Show
105
Methodology
106
Forecast Methodology
106
Trade Code Classifications
107
Table: Rearranged HS Trade Codes
108
Risk/Reward Index Methodology
111
Table: Medical Devices Risk/Reward Index Indicators
112
Sources
114
Contact
115

The Ghana Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's 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: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices 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 trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

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

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

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.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.