- Kenya medical device market is expected to grow by a CAGR of 14.4% over the 2013-2018 period, alongside impressive GDP growth and strengthening imports. Almost all medical device are imported, as domestic production is limited to basic consumable items, a situation that is expected to remain unchanged for the foresecable future. Demand for medical devices remain high as many facilities require modernization.
- In 2013, the Kenyan medical device market was estimated at US$ 122.7mn, the market is expected to expand at a CAGR of 14.4% over the 2013-2018 period, reaching US$ 241 mn by 2018.
- Around 95% of the medical device market is supplied by imports. Kenya imported medical devices valued at US$ 129.9 mn in 2013; this represented an increase of 46.6% over 2012 and a 2008-2013 CAGR of 18.9%. in the 12 months to june 2014, imports decreased by 1.9%, to US$ 106.9 mn.
- Kenya exports very little medical equipment, although the total increased by nearly four times from the USD 2.5 mn recorded in 2003 to USD 9.3 mn in 2013.
- In Kenya, increased public and private expenditure on healthcare, coupled with increasing levels of medical insurance coverage and continued foreign donor funding, are creating significant opportunities for growth within the Kenyan pharmaceutical and medical devices industries.