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South African Intravenous Therapy Devices Market
Frost & Sullivan, Feb 2010, Pages: 85
The South African intravenous therapy devices markets research service entail an overview of the metrics defining this market. It gives insight into the key challenges, drivers, and restraints that impact this market currently as well as how these variables will impact the future market. Based on these findings, a seven year revenue forecast is done for each segment that defines this market. The research service further describes the competitive environment through a Porter's and SWOT analysis and gives market shares of the major companies offering products in this market
Research Overview
This Frost & Sullivan research service titled South African Intravenous Therapy Devices Market provides an analysis of the intravenous therapy devices market in South Africa by investigating public and private sectors’ contribution to the total market. In addition, it forecasts these sectors’ future contribution and highlights key trends in the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets by product type: infusions systems, administration sets, catheters and needle-free systems.
This analysis is available through Frost & Sullivan's Medical Devices Growth Partnership Services programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services program ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Public-Private Partnership Programmes in South Africa to Boost the South African Intravenous Therapy Devices Market
The intravenous therapy devices market shows remarkable differences between the public and private sector market shares in South Africa, with each sector having its own driving forces and preferences. The private sector will spur the demand for higher quality and new technology. With the government focussing on the support of public-private partnerships, growth and quality improvement can be nurtured across both the sectors. The African National Congress (ANC) Government’s policies pertaining to the new national health insurance (NHI) scheme will significantly influence growth opportunities in the South African intravenous therapy devices market. Companies are developing strategies to overcome the predicted decrease in prices in the industry. Other factors such as the promotion of public-private partnerships to develop and upgrade hospitals, the shortage and lack of skills of healthcare personnel and the acquired immunodeficiency syndrome (AIDS) crisis will also affect growth of the South African intravenous therapy devices market, and these should be considered while adopting any market penetration strategy.
“Increasing incidences of infection and diseases such as human immunodeficiency virus (HIV)/AIDS, tuberculosis (TB), cardiovascular disease (CVD), kidney disease, along with a rise in elective surgeries and medical tourism in South Africa will drive growth in the intravenous therapy devices market,” says the analyst of this research. “South Africa has 0.7 per cent of the world’s population, 17 per cent of the global HIV epidemic, 28 per cent of global HIV and TB co-infected people, and in 2008, 410,000 people came to South Africa as medical tourists.” Increasing modes of treatment for different diseases will result in volume growth in the intravenous therapy devices market. In addition, the market will experience growth due to high rate of infection in the country. Currently, an increasing number of South Africans are opting to undergo surgery for non-compulsory medical procedures for cosmetic and reconstructive purposes. South Africa has also become a worldwide destination for elective surgery packages. Tourists are capitalising on the inexpensive procedures and recuperating post surgery while on holiday.
Markets Participants to Work Closely with the Government and Focus on Effectively Training Employees to Overcome the Skills Deficit
The recent tender process in the public sector market in South Africa is stifling its growth along with a lack of skills and slow uptake of innovative technology in the medical profession. Additionally, South Africa has a 40 per cent vacancy rate in the public sector due to poor salaries and working conditions. Many healthcare workers are under-educated and the older generation of these healthcare workers are unwilling to learn about new technology or devices. “The current government purchase model involves a tendering process gives price a 90 per cent weighting in decision-making. The government tender system uses a lock-in period for one brand that creates market dominance,” explains the analyst. “Therefore, new market entrants will find it difficult to penetrate the market, impelling them to be highly price-competitive.”
As companies and products are vulnerable when government tender applications are made, new market entrants should use this opportunity to enter the market. Working closely with the government to penetrate the secondary and primary levels of healthcare services and provide training and education will play a pivotal role in overcoming the skills deficit. “There is a growing demand from patients and healthcare workers for less-invasive devices, and new technology that provides such devices will create product demand,” concludes the analyst. “The demand for patient-controlled devices will also increase, as hospitalisation and clinic fees increase and patients become educated in handling their own treatment.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Type:
- Infusions systems
- Administration sets
- Catheters
- Needle-free systems
By Application:
- Ambulatory infusion pumps
- Implantable infusion pumps
- Insulin infusion pumps
- Syringe infusion pumps
- Volumetric infusion pumps
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