Kenya ENT Devices Market Analysis

Kenya ENT Devices Market Analysis


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Kenya's ENT Devices Market is projected to grow from $20 Mn in 2022 to $30 Mn by 2030, registering a CAGR of 6.9% during the forecast period of 2022-30. The rising prevalence of ENT disorders, such as hearing loss, sinusitis, and tonsillitis, is a major driver of the ENT device market. The market is highly competitive, with a large number of players operating in the space, ranging from small, specialized companies to large multinational corporations. The domestic key players in the Kenya ENT devices market include Phoenix Equipment, Toda Medical Supplies, and Megascope Healthcare.

ID: IN10KEMD009 CATEGORY: Medical Devices GEOGRAPHY: Kenya AUTHOR: Dr. Vishwa Modhia

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Kenya ENT Devices Market Analysis Summary

Kenya's ENT Devices Market is projected to grow from $20 Mn in 2022 to $30 Mn by 2030, registering a CAGR of 6.9% during the forecast period of 2022-30.

Kenya is a lower middle-income, developing country in Eastern Africa bordering the Indian Ocean and Lake Victoria. Kenya's medical device market will increase at an 8.9% CAGR in local currency over the next five years. Leading Kenyan private sector hospital companies invest in cutting-edge technology. Kenya's government spent 4.6% of its GDP on healthcare in 2020.

Kenya ENT Devices Market

Market Dynamics

Market Growth Drivers Analysis

Kenya is a promising market for medical equipment, and it is one of the fastest-growing markets in Sub-Saharan Africa. The development of new and advanced ENT devices is moving the Kenyan market ahead. These devices are becoming increasingly complicated, efficient, and cost-effective, allowing them to become more generally available. The public sector, through the Ministry of Health (MOH) and other government-funded agencies, provides over 70% of Kenya's healthcare services. These aspects could boost Kenya's ENT Devices Market.

Market restrains.

Lack of access to healthcare, particularly in rural areas, is one of the major barriers to ENT devices in Kenya. Due to inadequate manufacturing infrastructure and technical capacity, as well as a lack of access to raw materials, the medical device business is primarily reliant on imports, with limited domestic production. These factors may deter new entrants into the Kenya ENT Devices Market.

Competitive Landscape

Key Players

  • Megascope Healthcare: Megascope Healthcare is widely recognised as the most reliable supplier of quality medical equipment in Kenya, offering a wide selection of quality and affordable medical equipment
  • Phoenix Equipment: The company is registered in Kenya as a supplier of medical equipment and solutions for the hospital field and homecare use with efficient distribution channels to supply efficiently across Eastern Africa
  • Toda Medical Supplies: Toda Ltd is regionally recognised as a distributor of medical equipment and devices for Intervention radiology, ENT, neurosurgery, cardiovascular, urology and general surgery
  • Medmax
  • Angelica Medical Supplies
  • Promech Enterprise

Healthcare Policies and Reimbursement Scenarios

In Kenya, medical devices, including ENT devices, are regulated by the Pharmacy and Poisons Board (PPB) under the Ministry of Health. The PPB is in charge of medical device registration, licencing, and regulation in the country. Manufacturers must obtain PPB approval before they can market and sell their devices in Kenya. In the public sector, the reimbursement of ENT devices is determined by the policies of the National Hospital Insurance Fund (NHIF), which is a government agency that provides social health insurance coverage to Kenyan citizens. The country’s Universal Healthcare Coverage (UHC) program prioritizes broadening access to services, strengthening primary healthcare, increasing medical staff and medical supplies, digitizing health operations, and scaling up the National Health Insurance Fund (NHIF).

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

ENT Device Market Segmentation

The ENT Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Diagnostic Devices
  • Surgical Devices
  • Hearing Aids
  • Hearing Implants
  • Co2 Lasers
  • Image-Guided Surgery Systems

By Diagnostic Devices (Revenue, USD Billion):

  • Endocsopes
  • Hearing Screening Devices

By Surgical Device (Revenue, USD Billion):

  • Powered Surgical Instruments
  • Radiofrequency (RF) Handpieces
  • Handheld Instruments
  • Balloon Sinus Dilation Devices
  • ENT Supplies
  • Ear Tubes
  • Voice Prosthesis Devices

By End Users (Revenue, USD Billion):

  • Hospitals and Ambulatory Settings
  • Home Use
  • ENT Clinics

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 14 December 2023
Updated by: Dhruv Joshi

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