Opportunities in Medical & Healthcare Sector – AFRICA
The private sector needs to leverage the African Continental Free Trade Area (AFCFTA) to invest in Healthcare Manufacture at continent level; East Africa has the great scopes for such investments
From 2010 to 2020 only 30% of Africa’s population has access to primary healthcare and thus, the private sector becomes an essential contributor to the way forward.
Africa Medical Devices Market is projected to grow at a 6.3% CAGR between 2017-2023, it’s predicted to touch USD 7069.61 million by 2023
The Business and Sustainable Development Commission has estimated the value of business opportunities in healthcare to be worth $259 billion by the year 2030, with the potential to create 16 million jobs in Africa
Majority of East African countries, with an aim of promoting Healthcare segment, have kept import tariff low as 0% to 4.95% on Medical Devices & instruments, Medical services, wound products, imaging instruments, etc.
East African countries total population is of more than 30 billion and average spending of all nations is 5.3% of their individual GDP. If we talk about Africa, The continent has 14% of the world’s population and, yet, only 3 per cent of the world’s health workforce.
Meditech & Healthcare Africa 23-24-25 February 2023 KENYATTA INTERNATIONAL
CONVENTION CENTRE NAIROBI, KENYA