GHANA MEDICAL DEVICES MARKET

Major Ghana Medical Devices Market Drivers

The Ghana medical devices market is projected to rise due to a growing prevalence of chronic diseases, innovations in medical devices, an increase in healthcare expenditure, and a rising concentration of companies on advancing medical devices. The Ghana medical device market is estimated to witness substantial expansion, potentially doubling with the right circumstances. Factors including government policies, innovations in healthcare technology, infrastructure, and growing healthcare demands are important in determining this growth. Key drives include increased investments from both private sectors and government in healthcare and the establishment of new facilities that need improved equipment. During 2023, President Akuffo Addo of Ghana highlighted that 86 public district hospitals, two regional psychiatric hospitals, and the western regional hospital were in different phases of construction. In addition, the growth of private clinics and key private hospitals across Ghana remains steady, with three new projects breaking ground or opening during the 3rd quarter of 2023. 

The expansion of medical market in Ghana presents promising opportunities for U.S. firms, specifically in hospital design, consulting, construction, and a wide series of innovative medical technologies covering from telemedicine and cardiovascular to diagnostic equipment. U.S. medical companies are globally renowned for their innovation and commitment to quality, along with effective after-sales service, qualities that are highly attractive to probable foreign buyers. In addition, globally, a growing occurrence of chronic medical conditions and the treatment demanded for patients struggling with these severe diseases are placing immense pressure on healthcare systems. Thereby, there has been an increase in economic burden linked with treating these conditions on an international scale. Specifically, the costs incurred for patients receiving treatment in hospital inpatient settings are substantially higher, with longer hospital stays correlating with an increased economic burden. Also, there is a shift in preference towards home healthcare services due to economic burden increases and population aged above 60 grows. Furthermore, key healthcare agencies and market players aiming to introduce and develop user-friendly medical equipment including wearable and portable devices for chronic disease management, the implementation of home healthcare facilities is increasing in developed countries.

Factors include an increased aging population in Ghana, a rising need for minimally invasive surgeries, the growing demand for wearable and medical devices to meet the rising burden of different chronic diseases, and demand rising for home healthcare devices are driving the Ghana medical devices market growth. Furthermore, a rise in government initiatives and growth in government support in encouraging the usage of medical devices, growing awareness concern to medical tourism in Ghana, and promoting utilization of wearable medical devices are fostering the Ghana medical devices market growth in the forecast period. 

Segments covered in the Report:

The Ghana Medical Devices Market has been segmented on the basis of Type of Device and End-User. Based on the Type of Device, the market is segmented into Respiratory Devices, Cardiology Devices, Orthopedic Devices, Diagnostic Imaging Devices (Radiology Devices), Endoscopy Devices, Ophthalmology Devices, Other Devices. Based on the End-User, the market is segmented into Hospital & Ambulatory Surgical Center, Clinics, Others.

Market Segmentation

Ghana Medical Devices Market by Type of Device

• • Respiratory Devices
  • Cardiology Devices
  • Orthopedic Devices
  • Diagnostic Imaging Devices (Radiology Devices)
  • Endoscopy Devices
  • Ophthalmology Devices
  • Other Devices

Ghana Medical Devices Market by End-User

• • Hospital & Ambulatory Surgical Center
  • Clinics
  • Others