Ghana remains a small medical device market which will record double-digit growth in localcurrency terms and high single-digit growth in US dollar terms. An improved economic outlook for thecoming years, together with the large number of ongoing healthcare projects will benefit the market;however, very low healthcare spending will continue to restrict the market size in comparison to othermarkets in the SSA region.
Latest Updates And Key Forecasts
We maintain our forecast that the market will expand by a 2015-2020 CAGR of 13.7% in local currencyterms, which should see it rise to GHS426.3mn in 2020. In US dollar terms, we have revised upwards ourforecasts and now project that the market will expand by a 2015-2020 CAGR of 9.2%, which should seeit increase to USD92.1mn in 2020.