The Libyan Medical Market: Status & Post-Conflict Opportunities

Countries covered: Libya With the fall of the Gaddafi regime and the expected introduction of a more liberal democratic government, it is time to take stock of Libya's position in the medical market economies of the region, examine how it might develop and assess the impacts for medical technology companies.

Additional Information

With the fall of the Gaddafi regime and the expected introduction of a more liberal democratic government, it is time to take stock of Libya’s position in the medical market economies of the region, examine how it might develop and assess the impacts for medical technology companies.

A market of contrasts
There is no shortage of money in Libya. In 2010, GDP was US$79.2 billion, equal to US$12,096 per capita. This is one of the highest levels of per capita GDP in Africa, and is broadly comparable to that found in Russia. Growth, however, is dependent on erratic international oil markets, and financial abuses by the former governing elite meant that investment in the provision of health services could have been better.

Even with this background, it is true that the oil wealth has enabled Libya to create a reasonably comprehensive healthcare system, but spending - while high in African terms - remains low in comparison with other oil-rich countries of comparable income, such as Saudi Arabia. There is no private insurance as such, so local people are largely reliant on the public hospital system. There is a well-equipped private sector, which caters for the wealthy local population and workers in the oil industry. There is considerable scope for expansion and modernisation in the future, and as the market is nearly totally dependent on imports, this signals a market with real potential. Where to from here? A doubling of the market?

Libyan market potential must been seen in two phases. Phase one will see the market expand and imports rise as reconstruction and restoration of damaged health infrastructure takes place. Looking further forward in a second development phase, Libya has the opportunity to use its oil wealth to create a sophisticated and advanced health sector in the style of the Gulf States, assuming a degree of political will and ongoing political stability. The latter is far from a certainty, but the prospects appear far brighter post-Gaddafi than under his rule.

Critical analysis based on original materials and novel forecasts give a complete overview of the Libyan health market:

• How is Libyan health provision organised?
• How many hospitals/beds are there by region?
• What will the market be worth in 2016?
• What challenges face suppliers of medical technology and supplies?
• Which products are most traded?
• What would the state of the market be if per capita health expenditure equalled related gulf oil states?

Espicom covers the world: Espicom’s quarterly updated Medical Market Outlook reports cover over 60 established and emerging markets, providing comprehensive and detailed appraisals from demographic trends to trade in medical equipment. Get the full picture: www.espicom.com/outlookm

Reports of interest:

Middle East Medical Markets: Facts & Figures

African Medical Markets: Facts & Figures

More Libya Reports

D&B Country RiskLine Report: Libya by Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...

D&B Country Report: Libya by Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...

The 2005 Libya Economic and Product Market Databook by Icon Group International, Inc.
Market Potential Estimation Methodology Overview This study covers the outlook products in Libya. For the year reported, estimates are given for the latent demand, or ...

The Economic Competitiveness of Libya: Financials Returns, Labor Productivity and International Gaps by Icon Group International, Inc.
Is Libya competitive? With the globalization of markets, the increased mobility of corporate assets, and the need for productive human resources, this question has ...

A Strategic Assessment of Libya, 2000 edition by Icon Group International, Inc.
Libya has recently come to the attention to global strategic planners. This report puts these executives on the fast track. Ten chapters provide: ...

See all reports like this >>