Market Opportunity for Knee and Hip Replacement Products in East Africa
NEW YORK, May 26, 2016 /PRNewswire/ -- Market Opportunity for Knee and Hip Replacement Products in East Africa : Assessing the Potential and Landscaping New Investment Opportunities
The study analyses the East African joint replacement market to establish the current operating environment and market dynamics. Furthermore, this research service analyses the drivers, restraints, and reimbursement scenario, and scrutinizes relevant upcoming projects. The research methodology of this study is based on primary interviews and secondary sources. The study will provide insights to investors that plan to enter the East African joint replacement market, as well as help existing participants understand the competition and opportunities in the market. The study delivers a list of three, high-potential countries, together with supporting data for market entry consideration.
Market Opportunity for Knee and Hip Replacement Products in East Africa : Assessing the Potential and Landscaping New Investment Opportunities
The study analyses the East African joint replacement market to establish the current operating environment and market dynamics. Furthermore, this research service analyses the drivers, restraints, and reimbursement scenario, and scrutinizes relevant upcoming projects. The research methodology of this study is based on primary interviews and secondary sources. The study will provide insights to investors that plan to enter the East African joint replacement market, as well as help existing participants understand the competition and opportunities in the market. The study delivers a list of three, high-potential countries, together with supporting data for market entry consideration.
Key Findings
-The population in East Africa* (EA) as a whole is growing significantly and so is the spending capacity (household disposable income) of the population. The International Monetary Fund expects East Africa's GDP to grow at a constant pace for the next years.
- It is estimated that approximately %– % percent of the population is above years of age and is affected by a number of joint-related disorders.
- The minimum cost of any replacement surgery in EA is between $ and $ .- About to joint replacement surgeries are performed in Kenya every year.
- Currently there are around to orthopedic surgeons who can perform joint replacement surgeries in East Africa. A majority of them are concentrated in urban cities like Nairobi, Dar es Salaam, and Addis Ababa. The low? skill level of orthopaedic surgeons, along with the lack of proper infrastructure to perform the surgery is the reason why patients who can afford the expense choose medical tourism.
- Kenya and Ethiopia have their own orthopedic associations: The Kenyan Orthopaedic Association (KOA) and Ethiopian Society of Orthopedics and Traumatology (ESOT). Tanzania does not have an orthopaedic association of its own.
- In EA, all implantable devices and long-term surgically invasive devices are classified as moderate to high risk level and any manufacturer based outside EA can be registered through a Local Authorized Representative (LAR). The licensing timeframe once the application is accepted and paid for is lesser in Kenya and Ethiopia than in Tanzania.
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