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 represents a comparatively small medical d evice market of just under USD 6 0mn. Per capita spending is low at USD 2.2 indicating considerable potential for expansion. The market will achieve a double digit CAGR growth in local currency terms during the forecast period but due to a weakening currency, this will translate to a negligible CAGR i n US dollar terms to 2019.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 58.0 2.2 177.9 6.7 3.1
2015 53.5 2.0 197.4 7.3 3.7
2016 51.8 1.9 220.3 8.0 4.3
2017 52.5 1.9 246.3 8.8 4.7
2018 54.6 1.9 274.1 9.6 5.0
2019 58.3 2.0 303.1 10.4 5.2

Latest Updates And Key Forecasts

  • We forecast the market will register one of the world's lowest CAGRs in US dollar terms over the 2014-2019 period, at just 0.1%. This low dollar rate reflects a weak cedi at the start of the forecast period.

  • We maintain that the market will remain import reliant. After falling y-o-y in every quarter of 2014, imports increased steadily in 2015, encouraged by the approval of an IMF credit facility and GDP growth. Mirror trade data indicate that imports grew by 4.0% to USD10.2mn in the three months to August 2015.

  • We believe that Ghana's very small export trade will remain prone to volatility. Exports fell by 73.4% to USD0.1mn in the three months to August 2015, but grew by 14.6% over the 12 month period ending August 2015, to USD0.7mn.

  • President John Dramani Mahama has highlighted the strides being made to improve the country's health infrastructure. Recent investment totalling USD2bn has been made in health infrastructure, equipment and human resources and 6,000 additional hospital beds will have been added by the end of 2018 under the current development programme.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
SWOT
8
Medical Device Market
8
Industry Forecast
9
Medical Device Market Forecast
9
Latest Updates
9
Structural Trends
9
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
11
Consumables Market Forecast
15
Key Updates
15
Structural Trends
15
Table: Consumables Market, 2009-2019 (USDmn)
17
Table: Consumables Market, 2010-2019 (USDmn, % Change)
18
Diagnostic Imaging Market Forecast
20
Latest Updates
20
Structural Trends
20
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
22
Table: Diagnostic Imaging Market, 2010-2019 (USDmn, % Change)
23
Dental Products Market Forecast
25
Latest Updates
25
Structural Trends
25
Table: Dental Products Market, 2009-2019 (USDmn)
26
Table: Dental Products Market, 2010-2019 (USDmn, % Change)
27
Orthopaedics & Prosthetics Market Forecast
29
Latest Updates
29
Structural Trends
29
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
30
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
30
Patient Aids Market Forecast
32
Latest Updates
32
Structural Trends
32
Table: Patient Aids Market, 2009-2019 (USDmn)
33
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
34
Other Medical Devices Market Forecast
36
Structural Trends
37
Table: Other Medical Devices Market, 2009-2019 (USDmn)
37
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
38
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
43
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
44
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
46
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Detailed Medical Device Import Trends By Product Area, 2014
51
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
54
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending June 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
60
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
61
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
63
Table: Detailed Medical Device Export Trends By Product Area, 2014
66
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
69
Monthly Medical Device Exports
72
Table: Monthly Medical Device Exports By Product Area, Year Ended June 2015 (USDmn)
72
Industry Risk/Reward Index
73
Table: MEA Medical Device Risk/Reward Index, Q116
74
Market Overview
75
Medical Device Market Overview
75
Table: Medical Device Market, Key Ratios, 2014
75
Table: Medical Device Market By Product Area, 2014
76
Healthcare Overview
77
Healthcare Status
77
Healthcare System
77
Healthcare Funding
82
Healthcare Resources
83
Healthcare Activity
84
Healthcare Personnel
84
Key Healthcare Data
85
Table: Key Healthcare Data, 2010-2015
85
Industry Trends & Developments
87
Regulatory Development
93
Medical Device Regulations
93
Competent Authority
93
Regulations
95
Competitive Landscape
97
Domestic Medical Device Production
97
National Medical Device Manufacturers
97
Multinational Market Activity
97
Table: Multinational Market Activity, 2015
97
Medical Device Market Access
99
Market Environment
99
Imports Procedures
99
Trade Fair
100
Methodology
101
Forecast Methodology
101
Trade Code Classifications
102
Table: Rearranged HS Trade Codes
103
Risk/Reward Index Methodology
106
Table: Medical Devices Risk/Reward Index Indicators
107
Sources
109
Contact
110

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.