Navigation Links
Higher Outlays and Improved Regulatory Enforcement Create Opportunities in the Kenyan Healthcare Industry, Reveals Frost & Sullivan
Date:5/5/2009

CAPE TOWN, South Africa, May 5 /PRNewswire/ -- Increased public and private expenditure on healthcare, coupled with increasing levels of medical insurance coverage and continued foreign donor funding are creating significant opportunities for growth within the Kenyan healthcare industry. The pharmaceutical and medical devices industries will exhibit continued expansion as the government boosts the allocation of resources for regulatory enforcement.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

New analysis from Frost & Sullivan (http://www.medicaldevices.frost.com), Strategic Analysis of the Healthcare Industry in Kenya, finds that the pharmaceuticals and medical devices markets earned revenues of $208.6 million and $40.4 million respectively, in 2007 and estimates them to more than double by 2014 to reach $558.5 million and $85.6 million respectively.

"Growth in the healthcare industry in Kenya will be supported by increasing expenditure on healthcare, within both public and private sectors," notes Frost & Sullivan Research Analyst Lore Kannegiesser. "This will be paralleled by improved regulatory enforcement, which will result in decreased competition from poor quality and counterfeit products."

The Ministry of Health has undertaken to widen access to affordable, high quality healthcare through enhanced allocation of resources to the healthcare industry. This expanded outlay within the public sector, coupled with rising private expenditure and greater levels of insurance coverage, will drive the further growth of the medical devices and pharmaceutical industries.

However, the Ministry of Health acknowledges that enforcement of regulations governing the pharmaceutical industry has been poor. In addition, there has been no legislation around the regulation of the medical devices industry. Consequently, there has been a proliferation of poor quality and counterfeit products on the market. These products are usually lower priced than legitimate and higher quality products, and thus hinder the growth of the formal market.

Furthermore, the government remains the major purchaser of medical devices and pharmaceuticals. Government tenders are largely awarded on the basis of cost, which means that market is largely price sensitive.

"As the uptake of capital equipment is particularly limited in this price-sensitive market, medical device manufacturers and distributors should consider pursuing a business model incorporating the placement of capital equipment," advises Kannegiesser. "This should include a contract for the purchase of consumables and technical service or maintenance."

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Patrick Cairns, Corporate Communications, at patrick.cairns@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

Strategic Analysis of the Healthcare Industry in Kenya is part of the Medical Devices Growth Partnership Service programme, which also includes research in the following markets: Strategic Analysis of the Healthcare Industry in Tanzania, Key Nigerian Orthopaedic Implants Markets, South African Clinical Laboratory Products Markets and, Medical Insurance Markets in Key Sub-Saharan African Countries. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Strategic Analysis of the Healthcare Industry in Kenya

M2FA

    Contact:
    Patrick Cairns
    Corporate Communications - Africa
    P: +27 18 468 2315
    E: patrick.cairns@frost.com


'/>"/>
SOURCE Frost & Sullivan
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Nighttime Urination Linked to Higher Death Rate Among Elderly
2. Cancer-causing virus associated with higher risk of new HIV infection
3. Risk of Leukemia with Multiple Sclerosis Drug Higher Than Thought
4. New Study Shows Morbidly Obese Workforce Has Higher Prevalence of 100+ Diseases and Conditions
5. Less Than a Year After CDC Announced the U.S. HIV Epidemic Is Much Larger Than Previously Thought, Publics Sense of Urgency Is Down, Even Among Some Higher Risk Groups
6. Study finds higher drug co-pays discourage patients from starting treatment
7. McGraw-Hill Higher Education Joins Forces with Hands-On Labs to Enhance Distance Science Learning
8. Tough Laws, Higher Prices Mean Fewer Kids Smoke
9. Mothers of Multiples May Face Higher Depression Risk
10. No April Fooling: Higher Taxes On Tobacco Really Do Reduce Smoking, Says American Lung Association of Upper Midwest
11. Black Women at Higher Risk for Aggressive Breast Tumors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , ... June 24, 2016 , ... People across the ... Genome magazine’s Code Talker Award, an essay contest in which patients and their families ... to be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... is proud to recognize Dr. Barry M. Weintraub as a prominent plastic surgeon ... beautiful women in the world, and the most handsome men, look naturally attractive. ...
(Date:6/24/2016)... Frederick, Maryland (PRWEB) , ... June 24, 2016 ... ... Mid-Atlantic Angels is actively feeding the Frederick area economy by obtaining investment capital ... support over the past 2½ years that have already resulted in more than ...
(Date:6/24/2016)... ... June 24, 2016 , ... Venture Construction Group (VCG) ... held on June 20th at the Woodmont Country Club at 1201 Rockville Pike, ... organization dedicated to helping service members that have been wounded in battle and their ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... supporting the upcoming 2016 Miss Arizona pageant as its official Medspa Sponsor. Dr. ... Tempe, Mesa, and Chandler, Arizona. , Dr. Olson says the decision to ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  American Respiratory Labs (ARL), a ... now able to perform sophisticated lung assessments in patients, homes, thanks ... Inc. Patients are no longer limited to having ... PRO ® , ARL patients like Jeanne R. of ... the comfort of her own home. ...
(Date:6/24/2016)... June 24, 2016 According to ... Type (Standard Pen Needles, Safety Pen Needles), Needle Length ... Growth Hormone), Mode of Purchase (Retail, Non-Retail) - Trends ... report studies the market for the forecast period of ... USD 2.81 Billion by 2021 from USD 1.65 Billion ...
(Date:6/24/2016)... , Belgium , June 24, ... VNRX), today announced the appointment of Dr. ... Directors as a Non-Executive Director, effective June 23, ... Audit, Compensation and Nominations and Governance Committees.  As ... Futcher will provide independent expertise and strategic counsel ...
Breaking Medicine Technology: