According to our latest research report “South African Healthcare Market Analysis”, the healthcare industry in the country is poised for tremendous future growth on the back of increasing demand for drugs and other pharma products. This scope can be attributed to various factors, such as the high burden of diseases, lack of proper healthcare infrastructure, and dependence on imports for pharma and medical device products. Future of this industry, therefore, remains pleasantly buoyant due to the pharma and medical devices industry. It is expected that the pharma industry will grow at a CAGR of around 15.5% during 2011-2013.
Moreover, the main driver for the healthcare industry’s growth will be supportive government policies for improving the healthcare infrastructure and encouraging the influx of investments in the country. The Government is also concerned about the rising healthcare costs and the lack of healthcare professionals in the country. These are the main reasons for limited accessibility of health facilities in South Africa. To cope with these issues, the authorities are taking proactive measures for the implementation of the National Health Insurance (NHI) scheme, which would increase the affordability of health facilities even in the rural areas. Additionally, there are numerous provisions in the budget and strategy plans for the next 2 years for generating well trained human resource for the industry.
To understand the future prospects of the market, we have done extensive research and prudent analysis of the South African healthcare industry. Thus, we have identified various areas of development, which would require heavy inputs from the private sector, both domestic and foreign.
Besides, our report “South African Healthcare Market Analysis” is based on reliable statistics and provides an exhaustive overview of the major industries, segment-wise break up, disease-wise thorough analysis, and information on major emerging segments to provide strategic insight into the market. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years.
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Article By: Shushmul Maheshwari