CAPE TOWN, South Africa -
Ghana’s healthcare industry is experiencing growth across a range of sectors. However, the drive towards improved diagnostic capability has led to high demand for medical imaging devices.
(Logo: www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
New analysis from Frost & Sullivan (www.medicaldevices.frost.com), Overview of the Healthcare Industry in Ghana, finds that the market earned revenues of US$50.0 million in 2008 and estimates this to reach US$135.8 million in 2015. The key drivers of growth include government investment into public hospital revitalisation and the National Health Insurance Scheme, which has made healthcare goods and services more affordable to Ghanaians.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Patrick Cairns, Corporate Communications, at patrick.cairns@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brief brochure will be sent to you by e-mail.
“The biggest drive towards the uptake of medical imaging devices and laboratory analysers in Ghana is that Government is investing in this area in order to improve the diagnostic capability of the country,” notes Frost & Sullivan Research Analyst Lizelle Wentzel. “Due to the high incidence of various infectious diseases, Ghana has invested significant capital into upgrading hospitals, removing obsolete equipment and replacing it with new and improved devices.”
In order to meet its goal of improved healthcare services, the government has placed medical imaging devices, particularly improved X-ray devices and ultrasound equipment in 41 selected public hospitals. In addition, the Government is also upgrading public laboratories through automation, supporting sizeable growth in the analyser market.
However, the need for high initial capital investment is restraining the uptake of more advanced technology. While there is major demand for medical devices in Ghana, the capital investment required to procure the equipment is not always available.
“The Ministry of Health (MOH) is the largest buyer of medical equipment in Ghana,” explains Wentzel. “However, the MOH does not allocate sufficient funds to procuring the necessary devices.”
The public sector relies greatly on donations while the private sector exhibits a preference for refurbished equipment. The implementation of a mobile unit with devices that can be shared between hospitals will be a key solution to the capital constraint facing the country.
“In order to meet the needs of both manufacturers and end-users, a mobile unit that would allow hospitals to share particular devices could decrease implementation and maintenance fees and instead operate by charging service and training fees,” explains Wentzel. “This will be a less capital intensive endeavour for end-user groups in Ghana while still allowing them to have access to the latest technology.”
Overview of the Healthcare Industry in Ghana is part of the Medical Devices Growth Partnership Services programme, which also includes research in the following markets: Strategic Analysis of the Healthcare Industry of Kenya, Strategic Analysis of the Healthcare Industry in Tanzania, Strategic Analysis of the Medical Imaging Devices Market in Kenya, Strategic Analysis of Medical Imaging Devices in Ghana and Nigeria and, The Medical Insurance Markets in sub-Sahara Africa. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit www.frost.com.
Overview of the Healthcare Industry in Ghana M372 Contact: Patrick Cairns Corporate Communications - Africa P: +27-18-468-2315 E: patrick.cairns@frost.com
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Source: Frost & Sullivan
Patrick Cairns, Corporate Communications - Africa, Frost & Sullivan, +27-18-468-2315, patrick.cairns at frost.com ; Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO
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