The South Africa hospital supplies market is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising geriatric population in the country.
Hospital supplies include any medical utility product that provides both the patient and the medical professional with hospital infrastructure and helps to improve the network, such as transportation between hospitals. Hospital equipment, patient aid and mobility equipment, and sterilization disposables are few types of hospital supplies.
South Africa's healthcare system is divided into two systems. With state funding, the public healthcare system serves approximately 85% of the population, which accounts for roughly 48% of total healthcare expenditure, around 9% of GDP. On the other hand, private healthcare serves 15% of the population that can afford medical insurance. Both sectors provide a range of services from primary to specialized healthcare, but the private sector is expected to provide advanced, high-tech products, and elective procedures.
The National Health Insurance Scheme in South Africa is a step toward universal healthcare (NHI). The government is anticipated to become the primary procurer of health goods and services through NHI while investing in the public healthcare system to improve infrastructure and access. NHI is expected to begin phased implementation by 2026, but this is subject to funding and political will, among other constraints.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing hospital stay due to chronic diseases and surgeries is expected to drive the market growth.
- Rising prevalence of chronic diseases and innovations in hospital supplies are the major factors driving the South Africa hospital supplies market.
- Expanding initiatives and support from government state bodies is projected to drive the market.
- The COVID-19 outbreak positively influenced the growth of the market.
- The development of NHI program can create immense opportunities for the market players in the projected timeline.
Scope of Hospital Supplies Market Report
The report on the SA hospital supplies market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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South Africa Hospital Supplies Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2021–2028
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Segmentation
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Types (Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, Syringes and Needles, and Other Types) and End-users (Public Health Sector and Private Health Sector)
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Geographical Zone
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South Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M Healthcare, B. Braun Melsungen AG, Becton Dickinson and Company, Cardinal Health and Medtronic
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South Africa Hospital Supplies Market Segment Insights
Sterilization and disinfectant equipment to hold a major market share
Based on types, the market is segregated into patient examination devices, operating room equipment, mobility aids and transportation equipment, sterilization and disinfectant equipment, disposable hospital supplies, syringes and needles, and other types. Cleaning, disinfection, and sterilization are critical processes for any hospital and its patients. Hospital supplies are expensive as they are used to keep equipment clean. For instance, it helps in preventing health-care-associated infections (HAIs).
Acinetobacter, a group of bacteria, causes high percentage of infections. Chemical companies warn hospitals and authorities about these bacteria, assisting them in eliminating the infections. The Department of Health in South Africa revised the Guidelines for the Prevention and Containment of Antimicrobial Resistance in South African Hospitals in 2019. The COVID-19 outbreak has mandated sterilization in every country in order to eradicate the virus's spread, including South Africa. High prevalence of various diseases and infections in the country is anticipated to aid the segment to grow significantly during the forecast period.
Public healthcare sector segment is anticipated to expand at a substantial CAGR
On the basis of end-users, the South Africa hospital supplies market is bifurcated into public health sector and private health sector. The public healthcare is the largest purchaser of healthcare equipment and supplies, particularly in primary care. NIH issues tenders for national supply, but purchasing is devolved to each of the nine provinces, which then publish their own tender notices. Severe funding constraints has made it difficult to maintain or purchase equipment for public hospitals.
The private sector segment is expected to offer opportunities for advanced technology and equipment. The South African Health Products Regulatory Authority register and evaluate all healthcare-related products (SAHPRA). SAHPRA requires licenses for all entities involved in the manufacturing, distribution, import, and export of healthcare products. Only authorized representatives based in South Africa can apply to SAHPRA for product registration.
Segments
The South Africa hospital supplies market is segmented on the basis of
Types
- Patient Examination Devices
- Operating Room Equipment
- Mobility Aids and Transportation Equipment
- Sterilization and Disinfectant Equipment
- Disposable Hospital Supplies
- Syringes and Needles
- Other Types
End-users
- Public Health Sector
- Private Health Sector
Country
Key Players
Competitive Landscape
The major players in the SA hospital supplies market include 3M Healthcare, B. Braun Melsungen AG, Becton Dickinson and Company, Cardinal Health and Medtronic.
Companies are engaging in mergers, acquisitions and partnerships to expand their market share.
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