Healthcare Opportunities in Africa
The outlook for the healthcare market in key African countries is strong, with several factors expected to drive the growth.
January 12, 2023
There is potential for growth in key countries of Africa which can be explored by capitalizing on the country specific opportunities.
The total estimated healthcare market size of the African continent was USD 127 billion in 2019, which is approximately 1.8 times that of the GCC healthcare market size. In general, public hospitals are over-stretched and underfunded and there is a greater demand for quality and specialised healthcare services across the African continent. Most African countries also face a burden on healthcare spending from medical tourism, seeking out specialised care in countries such as Egypt. This has presented an opportunity for large private healthcare groups to enter the market and meet the demand requirements.