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Medical Devices Market 2018 Forecasts: Ghana, Kenya, Iraq & Qatar Analysis in New Reports at MarketReportsOnline.com
Date:10/21/2013

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 (http://www.marketreportsonline.com/285599.html .) 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 (http://www.marketreportsonline.com/285601.html) is estimated at US$ 100.0mn, o
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