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Medical Devices Market 2018 Forecasts: Ghana, Kenya, Iraq & Qatar Analysis in New Reports at

Dallas, Texas (PRWEB) October 21, 2013

Ghana Overview of the Medical Market: Ghana is strategically positioned in Sub-Saharan Africa, and is rapidly gaining prominence as an entry point for investors keen to work in the region. Its healthcare sector has strong growth prospects, fuelled by the expansion of a national health insurance scheme, a growing middle class and increased government spending.

Ghana's fiscal deficit of 12.1% of GDP in 2012 will put pressure on public spending in 2013, but it is unlikely to have a negative impact on the government's commitment to improving healthcare accessibil ity in the medium term. BMI forecast s that the economy will post real GDP growth of 7.4 % in 2013.

In 2013, the Ghanaian market ( .) for medical equipment and supplies is estimated at US$94 .9 mn, equal to US$ 3.6 per capita. The market is projected to grow to US$173.4mn by 2018, at a CAGR of 12.8%. Double-digit growth is anticipated across all sectors of the market.

Kenya Overview of the Medical Market: Kenya has one of Africa 's more diversified economies , although it is hampered by corruption . According to Business Monitor International (BMI), GDP is estimated at US$ 44.6 bn in 2013; real growth of 5.7% is forecast for the year, with private & public investment and consumption expected to perform strongly . GDP is expected to increase by an average 6.1 % per annum over the next five years, reaching US$ 72.0 bn by 2018. GDP per capita is expected to rise from US$ 1,006 in 2013 to a projected US$ 1,428 in 2018.

In 2013, the Kenyan medical device market ( is estimated at US$ 100.0mn, or US$2.3 per capita. The market is expected to grow by a 2013-2018 CAGR of 9.8% in US dollar terms, reaching US$159.8mn, or US$3.2 per capita. Patient aids are expected to have the highest growth over the 2013-2018 period.

Overview of The Medical Market In Iraq (
Despite tentative improvements in relations between Baghdad and Erbil, the political situation in Iraq continues to deteriorate. The level of political violence in Iraq has increased significantly over recent months. July was the deadliest month in more than five years according to the UN mission in Baghdad. Iraq's radical Islamist insurgency has become increasingly active after a popular protest movement which developed since the end of 2012 in predominantly Sunni provinces of the country was crushed by the government. The Sunni minority - comprising approximately 30% of the total population - feels increasingly sidelined by the government, led by Shi'a Prime Minister Nouri al-Maliki, while the ongoing sectarian war in neighboring Syria will continue to inflame tensions in the country. BMI believes the country's political blocs will reach some form of agreement which will avoid the descent into outright civil war. Under a scenario whereby political risks continue to increase, however, prospects of an eventual partition of the country should not be underestimated.

In US dollar terms, GDP totals US$322.9bn in 2013, equal to US$9,563.8 per capita. BMI projects real GDP growth of 10.5% and 10.7% in 2013 and 2014, respectively. This is a revision on BMI's projections, down from 11.2% in 2013 and 14.5% in 2014 previously, primarily due to the prospects for the oil sector over the coming few quarters. That said, BMI reaffirms its constructive view on the country's medium-term economic outlook and sees private consumption and exports remaining the key growth drivers of the economy. BMI forecasts real growth averaging 10.3% between 2013 and 2017, making Iraq the fastest growing economy in the MENA region over the coming years.

Overview of the Medical Market in Qatar ( As part of the Qatar National Vision (QNV) 2030, the government launched the National Development Strategy (NDS) 2011-2016 in 2011, which is a short-term strategy plan. The NDS incorporated 14 sectorspecific strategies, one of which was the National Health Strategy (NHS) 2011-2016. One of the first NHS disease-specific strategies was the National Cancer Strategy (NCS) 2011-2016, which outlined six key cancer care stages. The NHS identified key challenges to healthcare, including an imbalanced care model, limited national health integration, changing morbidity and mortality patterns, increasing and fluctuating population, quality workforce shortages and the need to strengthen health regulation.

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