Orthopedic Devices - Africa

  • Africa
  • The projected revenue in the Orthopedic Devices market market in Africa is estimated to reach €0.82bn in 2024.
  • It is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 5.27%, leading to a market volume of €1.06bn by 2029.
  • In comparison to other countries worldwide, the United States is anticipated to generate the highest revenue (€14,700.00m in 2024).
  • In Africa, there is a growing demand for orthopedic devices due to the increasing prevalence of musculoskeletal disorders and the need for advanced medical technology.

Key regions: France, Netherlands, Europe, Germany, Japan

 
Mercado
 
Región
 
Comparación de regiones
 
Moneda
 

Analyst Opinion

The Orthopedic Devices market in Africa is experiencing significant growth and development due to several factors.

Customer preferences:
Customers in Africa are increasingly seeking orthopedic devices to address a variety of musculoskeletal conditions. The rising prevalence of chronic diseases such as osteoarthritis and osteoporosis, coupled with an aging population, has led to a growing demand for orthopedic devices. Additionally, sports-related injuries and accidents are also contributing to the need for orthopedic interventions.

Trends in the market:
One of the key trends in the Orthopedic Devices market in Africa is the increasing adoption of advanced technologies. Customers are now more inclined towards minimally invasive procedures and innovative implant designs that offer better outcomes and faster recovery times. The use of 3D printing technology in the manufacturing of orthopedic implants is also gaining traction in the region, allowing for customized and patient-specific solutions. Another trend in the market is the growing preference for non-surgical alternatives. Customers are increasingly seeking non-invasive treatment options such as orthopedic braces and supports, as well as physical therapy and rehabilitation services. This trend is driven by a desire to avoid the risks and costs associated with surgery, as well as a growing awareness of the importance of preventive care and early intervention.

Local special circumstances:
Africa is a diverse continent with varying levels of healthcare infrastructure and access to medical services. In some countries, there is a lack of specialized orthopedic facilities and trained healthcare professionals, which can limit the availability and affordability of orthopedic devices. However, efforts are being made to improve healthcare infrastructure and increase access to orthopedic care in the region, which is expected to drive market growth.

Underlying macroeconomic factors:
The Orthopedic Devices market in Africa is influenced by several macroeconomic factors. Economic growth and rising disposable incomes are enabling more people to afford orthopedic devices and treatments. Additionally, improvements in healthcare financing and insurance coverage are also contributing to increased access to orthopedic care. However, challenges such as high import costs and limited local manufacturing capabilities can impact the affordability and availability of orthopedic devices in some countries. In conclusion, the Orthopedic Devices market in Africa is witnessing significant growth and development due to increasing customer preferences for advanced technologies and non-surgical alternatives. Efforts to improve healthcare infrastructure and increase access to orthopedic care are also driving market growth. However, challenges related to healthcare infrastructure and affordability remain, highlighting the need for continued investment and innovation in the region.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Visión general

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Espere, por favor

Contacto

¿Alguna duda? Estaremos encantados de atenderte.
Statista Locations
Contacto Nerea Marcos
Nerea Marcos
Client Success Manager

Lu - vi, 9:30 - 17:00 h (CET)

Contacto Meredith Alda
Meredith Alda
Sales Manager– Contacto (Estados Unidos)

Lu - vi, 9:00 - 18:00 h (EST)

Contacto Yolanda Mega
Yolanda Mega
Operations Manager– Contacto (Asia)

Lu - vi, 9:00 - 17:00 h (SGT)

Contacto Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contacto (Asia)

Lu - vi, 10:00 - 18:00 h (JST)

Contacto Lodovica Biagi
Lodovica Biagi
Director of Operations– Contacto (Europa)

Lu - vi, 9:30 - 17:00 h (GMT)

Contacto Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contacto (América Latina)

Lu - vi, 9:00am-6:00pm (EST)