Ken Research - Sector Growth Healthcare South Africa | Page 2

ageing population, the pressure on the public healthcare system is huge and requires further
development of the basis infrastructural facilities. The private sector in the country is well
funded and expensive; beyond the reach of the common people. There have been a lot of
mergers and acquisitions in the private sector in the past few years. The private sector is
expected to grow with the building up of new hospitals and launch of new drugs in the
market in the future. In recent years the average household expenditure on healthcare in
South Africa has also increased and is expected to further increase in the future. Majority of
the healthcare services are concentrated in urban areas and cities and there is need for new
healthcare facilities to be built in rural areas. The overall Healthcare Access and Quality
(HAQ) Index in the country has increased, but there is still a huge gap between the present
index rating and the best possible threshold rating, given the level of development in the
country.
The number of public hospitals in the country is gradually increasing and is expected to
further increase in the future. This will release the pressure off the public hospitals and raise
the overall standard of healthcare in the country. Increase in number of hospitals will further
create demand in the diagnostic laboratories and pharmaceutical sector of the country. The
demand for generic drugs has increased in recent years owing to the increase in average
income of the middle class population in the country. National and international companies
are expected to invest heavily in research and manufacturing of generic drugs in the future.
The dependency on import of these devices is likely to continue in the future. However, the
overall domestic production of medical equipments is expected to grow in the country.
Ken Research in its latest study, South Africa Healthcare Market by Industry Type
(Hospitals & Clinics, Diagnostic Labs, Pharmaceutical and Medical Devices) –Outlook to
2022, suggests that the Healthcare market in the South Africa will grow at a substantial rate
owing to the ever increasing and ageing population of the country, development of
healthcare infrastructure and rise in demand for pharmaceutical products.
Key Topics Covered in the Report:
For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/general-healthcare/south-africa-
healthcare-market-report/142339-91.html
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