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.
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 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.
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.
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.
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
4.1.2 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
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
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
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
The Neurology Device Market is segmented as mentioned below:
By Product Type (Revenue, USD Billion):
By End User (Revenue, USD Billion):
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