South Africa Medical Devices Report

Published 26 February 2015

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South Africa Medical Devices Report

BMI Industry View : The medium term prospects for the medical device industry look encouraging; based on current trends, the market, of which over 90% is supplied by imports, is expected to grow at a CAGR of 5.6 % from 2013-2018. A key driver of growth is expected to be the public-private partnerships to develop hospitals in South Africa but this could be tempered slightly, by a depreciating rand against the US dollar and the general state of the South African economy. The long term growth prospects of the South African medical device market will be strongly influenced by the ANC government's policies in regards to the new National Health Insurance (NHI) scheme, the promotion of public-private partnerships to develop and upgrade hospitals, the serious shortage of healthcare personnel and an urgent need to effectively address the AIDS crisis in the country.

Headline Industry Forecasts

  • In 2013, the South African medical device market was estimated at USD1.2bn, equal to USD22 per capita. The market is forecast to grow at a US dollar 2013-2018 CAGR of 5.6%, which is below average for the region.

  • Medical device imports supply over 90% of the market. Between 2008 and 2013, medical device imports grew at a US dollar CAGR of 4.2%, but growth in 2013 was negative due to the weakness of the rand. The running annual import total was USD1.1bn in the 12 months to August 2014, representing y-o-y dollar growth of 1.3%. In rand terms, growth was 16.3%.

  • Between 2008 and 2013, medical device exports grew at a US dollar CAGR of 12.4%. The running annual export total reached USD202.7mn in the 12 months to August 2014, representing y-o-y dollar growth of 26.4%. The balance of trade deficit has fallen back below USD1.0bn.

  • Domestic production is estimated at over USD200mn, of which more than half is exported, mainly to other African countries. Local companies tend to be small or medium-sized and usually combine distribution activities with manufacturing.

Headline...

Table of Contents

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
12
Economic
13
Operational Risk
14
Industry Forecast
16
Medical Device Market Forecast
16
2008-2013 Performance
16
2013-2018 Performance
18
Table: Projected Medical Device Market, 2013-2018
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
20
Consumables Market Forecast
24
Bandages & Dressings
24
Suturing Materials
24
Syringes, Needles & Catheters
24
Other Consumables
25
Table: Consumables Market, 2008-2018 (USDmn)
25
Table: Consumables Market, 2009-2018 (USDmn, % Change)
26
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
29
Table: Diagnostic Imaging Market, 2009-2018 (USDmn, % Change)
30
Dental Products Market Forecast
31
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2008-2018 (USDmn)
32
Table: Dental Products Market, 2009-2018 (USDmn, % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn, % Change)
36
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USDmn)
38
Table: Patient Aids Market, 2009-2018 (USDmn, % Change)
38
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2008-2018 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn, % Change)
41
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
45
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
48
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2013
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, September 2011 - August 2014 (USDmn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
70
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2013
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
82
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, September 2011 - August 2014 (USDmn)
85
Macroeconomic Forecasts
87
Economic Analysis
87
Table: Economic Activity (South Africa 2010-2019)
90
Industry Risk/Reward Index
91
Industry Risk Reward Index
91
Table: MEA Medical Device Risk/Reward Index, Q215
92
Market Overview
93
Medical Device Market Overview
93
Table: Medical Device Market, Key Ratios, 2013
96
Table: Medical Device Market By Product Area, 2013
97
Healthcare Overview
98
Health Status
98
Healthcare System
99
Private Healthcare Providers
102
Healthcare Funding
105
Table: Government Health Spending, FY2014 - FY2015
109
Healthcare Resources
109
Table: Hospital Clinical Services, Audited Beds, 2011
110
Table: Medical Device Technology By Type (Public Sector)
113
Table: Percentage Failure on Vital Measures For Health Technology, 2011
114
Healthcare Activity
114
Healthcare Personnel
114
Key Healthcare Data
115
Table: Key Healthcare Data, 2009-2014
115
Industry Trends And Developments
118
Industry Trends & Developments
118
Table: Leading Medical Device Suppliers, 2009-2013 (USD000s)
118
Regulatory Development
137
Medical Device Regulations
137
Competitive Landscape
140
Domestic Medical Device Production
140
National Medical Device Manufacturers
140
Multinational Medical Device Manufacturers
143
Multinational Market Activity
144
Table: Multinational Market Activity, 2015
144
Medical Device Market Access
147
Distribution
147
Procurement
147
Trade Association
148
Methodology
149
Forecast Methodology
149
Trade Code Classifications
150
Table: Used HS Trade Codes
150
Table: Rearranged HS Trade Codes
152
Risk/Reward Index Methodology
155
Table: Medical Devices Risk/Reward Index Indicators
156
Sources
157
Contact
158

The South Africa 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 South Africa provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the South Africa Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for South Africa, 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 South Africa.
  • Target Business Opportunities in the South Africa Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in South Africa.
  • 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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc