Market Outlook
Market Size Outlook (2021-2024)
According to the International Finance Corporation and World Bank, the East African healthcare sector valued USD 19 billion in 2021 and tends to increase by the projected CAGR of 6% over the forecast years.
The east African pharmaceutical market was USD 7 billion in 2016 and is expected to reach USD 26 billion by 2024. Emerging private healthcare is contributing to the growth of the East African health system.
Growth Drivers & Challenges:
Transforming healthcare system such as hospitals/clinics integrating IT with operations, in-country manufacturing, increasing options for micro-insurance, improvisation of care delivery, more solutions for providing POC healthcare, increasing focus on home diagnostics are driving the East African Healthcare Market. Socio-political movements associated with decreasing Africa’s dependence on foreign aid is gaining traction and efforts of regulatory harmonization across East Africa tend to brighten up the East African healthcare industry.
The Tanzania Healthcare Market is segmented as follows:
- By Type (Market Size, Demand Analysis and Growth Analysis)
- By Sector (Market Size, Demand Analysis and Growth Analysis)
- By Application (Market Size, Demand Analysis and Growth Analysis)
- By End-User (Market Size, Demand Analysis and Growth Analysis)