Navigation Links
Medical Insurance Coverage in Africa a Possible Key to Improved Healthcare Access, States Frost & Sullivan
Date:3/11/2009

CAPE TOWN, South Africa, March 11 /PRNewswire/ -- The medical insurance industry in key Sub-Saharan African countries such as Kenya, Tanzania, Ghana, Zambia, and Malawi is currently in an introductory-to-medium growth stage. There is, however, an increasing level of awareness of the benefits of medical insurance cover among members of the public.

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

"This is further supported by government efforts to expand coverage of national health insurance schemes such as the National Health Insurance Scheme and NHIF in Ghana and Tanzania respectively," notes (http://www.medicaldevices.frost.com) Frost & Sullivan Research Analyst Tiwonge Mkandawire. "The NHIS in Ghana, for instance, currently covers approximately 8.3 million people, more than double the number of people that were on the scheme in 2005."

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents of this Frost & Sullivan study, Medical Insurance in Key Sub-Saharan African Countries, 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.

Economic growth in most of Sub-Saharan Africa will be one of the determinants of expansion in the medical insurance industry. This is linked to the rising number of people in the middle-income brackets who are better able to afford insurance premiums. In addition, corporate bodies in most of these countries are increasingly relying on private insurers to provide cover for employees as opposed to managing in-house medical schemes.

Despite the large population base, a significant proportion of people in these countries remains uninsured due to high levels of poverty and the inability to afford membership premiums. Additionally, the successful implementation of medical insurance and the health services provided in these countries is still largely dependent on political and governmental will in economic and capacity development.

"There is a large variation in medical insurance coverage in these countries," adds Mkandawire. "For instance, Zambia has less that 100,000 people on private insurance, while Kenya and Ghana have more than 8 million each on some form of medical insurance."

Low-cost medical insurance schemes could be established with allowances for government and non-governmental organisations to subsidise membership for low-income earners who comprise the largest proportion of the population. Additionally, the expansion of national insurance schemes could provide scope for the provision of IT and other support services to the insurers linked to this service.

Despite the challenges, there is strong potential for corporate bodies and other organisations involved in the provision of medical insurance products or other supporting services.

"The main opportunities presented in this industry include the installation and management of IT support systems linking current medical insurers and health facilities," concludes Mkandawire. "Low-cost medical insurance schemes, foreign-based medical services as well as private rural health facilities are other sectors that offer potential for revenue generation."

Medical Insurance in Key Sub-Saharan African Countries 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, Strategic Analysis of the Healthcare Industry in Kenya and e-Health Initiatives in West Africa. All research 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.

Medical Insurance Markets in Key Sub-Saharan African Countries

M2F5

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

http://www.frost.com


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

Related medicine news :

1. Kennedy Group Applies Its Packaging Expertise to Reusable Labeling in Handling Biomedical Waste Disposal
2. Devicor Medical Products Actively Seeking First Acquisition
3. Danube(TM) Technologies Jim Schiel to Share Scrum Best Practices Learned From Siemens Medical Solutions Project
4. Leading German Healthcare Group Selects Equipment and Software from Varian Medical Systems for Major Replacement Project
5. Scorpion Offshore Inc. Pilot Project With InPlace Medical Solutions Sets New Standard for Offshore Medical Services
6. Quick Medical Posts Record Sales During Economic Downturn
7. Study finds pay for performance stimulates changes in medical practice
8. Study: Doctor-patient conversations at end of life associated with lower medical expenses
9. University of Maryland Business School Continues Executive Education Leadership With Maryland State Medical Society Partnership
10. Consumer Group Wants Public to Share Profits From Federally Funded Stem Cell and Medical Research
11. BancTec Provides Thought Leadership at 7th Annual Medical Banking Institute
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2016)... ... May 04, 2016 , ... The RIDER ... and development of DRACO broad-spectrum antiviral therapeutics. DRACOs have proven effective against all ... May 3, 2016 at http://igg.me/at/EndTheVirus and runs for 60 days, we ...
(Date:5/4/2016)... (PRWEB) , ... May 04, 2016 , ... Nike Rugby ... junior rugby in San Diego. Willis, founder of Elite Rugby Camps and current Nike ... and players every year since 2009. , “I’m excited for our eighth summer ...
(Date:5/4/2016)... (PRWEB) , ... May 04, 2016 , ... ... a master charity program created to assist the people of their local community. ... with nonprofit organizations and community leaders. Their hope is to bring awareness to ...
(Date:5/4/2016)... ... May 04, 2016 , ... Dr. Elyson and Dr. Assili, ... surgery at their office. Wisdom tooth removal, a common dental procedure, is performed for ... often are improperly erupted, resulting in risks of complications. By providing wisdom tooth removal ...
(Date:5/4/2016)... ... ... Francesca Loparco, Co-Founder of Queen City Dream Cars, an exotic car rental business ... at Christenbury Eye Center. The entrepreneur struggled with her computer, riding horses and driving ... her in-office consultation and eye exam. Francesca’s eyesight was restored to 20/20 in both ...
Breaking Medicine News(10 mins):
(Date:5/4/2016)... , May 4, 2016 ... addition of the  "Global Actinic Keratosis Market ... to their offering.       (Logo: ... Keratosis Market and Competitive Landscape Highlights 2016, ... products, Actinic Keratosis epidemiology, Actinic Keratosis market ...
(Date:5/3/2016)... Sino-German High-Tech Fund to further expand product development, strengthen its disease modeling capabilities and increase market presence. ... ... ... ... Sino-German High-Tech Fund ...
(Date:5/3/2016)... Ore. , May 3, 2016   BIOTRONIK ... importance of extending care beyond the implant at the ... May 4-7 in San Francisco . ... continually delivering the highest quality of patient care and ... are cared for each and every tomorrow," said ...
Breaking Medicine Technology: