BMI View: The SSA medical device market will register strong growth in US dollar terms in 2017, after aweak performance in previous years as a result of exchange rate fluctuations and a poor economicenvironment for most countries, including South Africa which dominates the market. The market willremain reliant on imports and international aid and funding, therefore multinationals will continue tostrengthen their presence. Consumables will record a double-digit CAGR in weighted local currency terms,while the remaining product segments will register high single-digit CAGRs.
Latest Updates And Key Forecasts
We have revised our forecast downwards and now project that the SSA medical device market will growat a 2016-2021 CAGR of 9.1% in weighted local currency terms, lower than the 2011-2016 CAGR of12.1%. This will reflect weak economic growth that bottomed in H116, lower health expenditure, slowerimport growth and low domestic production. Economic growth is accelerating in 2017, but at a slowerpace than we expected.
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