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The African Medical Market Fact Book 2012

  • ID: 2529822
  • February 2012
  • Region: Africa
  • 138 Pages
  • Espicom Business Intelligence Ltd

Why look at Africa?

With a population of over a billion people, Africa represents a vast potential market. The political and economic picture is improving in many areas, as conflicts are brought under control, and governments show a new willingness to use export revenues to boost healthcare.

Levels of external aid remain strong. While this can be a double-edged sword for the economy of the country in question, a large number of development projects are ongoing. Virtually the entire continent is wholly reliant on imports, which rose by an average of 7.5% per year in the 2006-10 period. The least-developed areas of central and eastern Africa experienced even higher growth rates.

Health Expenditure

Total health expenditure is estimated at US$117.0 billion in 2012. South Africa is expected to account for US$34.1 billion, equal to 29.1% of the total. With Egypt accounting for US$12.7 billion or 10.9%. Per capita expenditure for Africa as a whole is estimated at US$112 in 2012. This ranges from around US$393 in southern Africa, to US$42 or less in the central region. Disparities are wider than this, however. South Africa spends around US$700 per person, while many READ MORE >

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