Tanzania Neurology Devices Market Analysis

Tanzania Neurology Devices Market Analysis


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The Tanzania neurology device market is expected to witness growth from $xx Bn in 2022 to $xx Bn in 2030 with a CAGR of xx% for the forecasted year 2022-2030. Tanzania has a high prevalence of neurological conditions like seizures, stroke, neurodegenerative diseases, neuromuscular disorders, and neuro-infections. The demand for neurology devices in the nation will rise as these diseases become more common. The market is segmented by product type and by the end user. Some key players in the market include Johnson and Johnson, GE Healthcare, Stryker, Medtronic, Penumbra and Abbott Laboratories.

ID: IN10TZMD012 CATEGORY: Medical Devices GEOGRAPHY: Tanzania AUTHOR: Jigyasu Bhandari

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Tanzania Neurology Devices Market Executive Analysis

The Tanzania Neurology Devices Market Size is at around $xx Bn in 2022 and is projected to reach $xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period. The United Republic of Tanzania spent $41 per person on healthcare in 2021. The United Republic of Tanzania saw a rise in health spending per capita from $20 in 2015 to $40 in 2019, growing at an average annual rate of 6.91%. Tanzania's health industry will receive $0.94 billion in 2020, which represents a 0.4% decrease in nominal terms from the $0.93 billion allocated in 2018. The allocation stands for 6.7% of the total national budget and 1.5% of the GDP, down from 7.0% and 1.80%, respectively.

In Tanzania, stroke is the primary cause of mortality and disability, accounting for 6-9% of all casualties. The ageing population, shifts in lifestyle variables, and restricted access to preventive and treatment services all contribute to an increase in the incidence of stroke. With a prevalence of 1-2%, epilepsy is a prominent neurological disease in Tanzania. However, the real prevalence might be higher because of underreporting and restricted access to treatment. The ageing population and shifts in lifestyle factors have led to an increase in the prevalence of neurodegenerative diseases in Tanzania, including Alzheimer's disease and Parkinson's disease. Tanzania also has a high prevalence of neuromuscular illnesses like muscular dystrophy and myasthenia gravis, but there is little knowledge of these diseases and little access to care.

Market Dynamics

Market Growth Drivers

Tanzania has a high prevalence of neurological conditions like seizures, stroke, neurodegenerative diseases, neuromuscular disorders, and neuro-infections. The demand for neurology devices in the nation will rise as these diseases become more common. 60% of Tanzania's population is under 25 years old, and the country is experiencing population growth. The demand for healthcare services, including those pertaining to neurology devices, will be driven by this expanding population. The private sector is showing increasing interest in Tanzania's healthcare industry, including manufacturers of neurology devices. Investments from the private sector will spur innovation, expand access to healthcare, and give manufacturers more openings in Tanzania's market for neurology devices.

Market Restraints

Tanzania's regulatory system for neurology devices is still developing and is still comparatively new. For manufacturers, especially those who are new to the industry, this can present difficulties. Political unrest in Tanzania has a long past, which can be problematic for companies doing business there. Instability in the economy and politics can have an impact on the market for neurology devices.

Competitive Landscape

Key Players

  • Stryker
  • Medtronic
  • Johnson & Johnson
  • Penumbra
  • Abbott Laboratories
  • Philips Healthcare
  • GE Healthcare

Healthcare Policies and Regulatory Landscape

The Tanzania Food and Drugs Authority (TFDA) is in charge of regulating the market for neurology devices and Tanzania's healthcare policies. The TFDA is in charge of ensuring that medical products adhere to safety and efficacy requirements and are packaged and labelled correctly. The Neurology Devices Regulations, which the government unveiled in 2018, offer a structure for the nation's registration, licencing, and control of neurology devices. Before they can be marketed and distributed in Tanzania, the rules mandate that all neurology devices be registered with the TFDA. Before approving neurology devices for sale, the TFDA evaluates their quality, safety, and effectiveness.

Recent Notable Deals

2020: For the purpose of enhancing Tanzania's healthcare system, GE Healthcare declared in 2020 that it would collaborate with the Ministry of Health of Tanzania. In accordance with the agreement, GE Healthcare agreed to give Tanzanian medical professionals access to neurology devices and training.

1. Report Description of the Tanzania Neurology Device Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Tanzania Neurology Device Market Executive Summary
2.1 Tanzania Neurology Device Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Tanzania Neurology Device Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Tanzania Neurology Device Market Segmentation

4.1 By Device Type
4.1.1 Neurostimulation
4.1.2 Interventional Neurology
4.1.3 CSF Management
4.1.4 Neurosurgery Devices

4.2 By End User
4.2.1 Hospitals and Clinics
4.2.2 Speciality Centres
4.2.3 Others

5. Tanzania Neurology Device Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives 

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Tanzania
8.2 Regulatory Framework in Tanzania
8.3 Pricing & Reimbursement Scenario in Tanzania Neurology Device Market

9. Factors Driving Future Growth
9.1 New Trends and Development Tanzania Neurology Device Market
9.2 Future Opportunities

10. Strategic Recommendations

Neurology Device Market Segmentation

The Neurology Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Neurostimulation
  • ?Spinal Cord Stimulation Devices
  • Deep Brain Stimulation Devices
  • Sacral Nerve Stimulation
  • Vagus Nerve Stimulation
  • Gastric Electric Stimulation
  • Interventional Neurology
    • Aneurysm Coiling & Embolization
    • Embolic Coils
    • Flow Diversion Devices
    • Liquid Embolic Agents
    • Cerebral Balloon Angioplasty & Stenting
    • Carotid Artery Stents
    • Filter Devices
    • Balloon Occlusion Devices
    • Neurothrombectomy
    • Clot Retriever
    • Suction Aspiration Devices
    • Snares
  • CSF Management
    • CSF Shunts
    • CSF Drainage
  • Neurosurgery Devices
    • Ultrasonic Aspirators
    • Stereotactic Systems
    • Neuroendoscopes
    • Aneurysm Clips

By End User (Revenue, USD Billion):

  • ??Hospitals and Clinics
  • Specialty Centres
  • Others

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.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

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

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Last updated on: 15 March 2023

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