Item added to your cart
The Supply and Manufacture of Medical and Surgical Equipment and Orthopaedic Appliances
Estimates for the value of the South African medical device market range from R11bn in 2013 to between R13.2bn and R21.7bn in 2015, and shrinking to around R12bn in 2017 as a result of the weak Rand. The industry is extremely sensitive to currency volatility since almost 95% of devices are imported. In this diverse sector there are more than 600 suppliers, many of whom are small businesses that are distributors and agents for large multinational subsidiaries.
Opportunities and Challenges
Demand for medical devices is growing, driven by increased health problems like obesity, and changing demographics such as the increasing age of the world’s population. However, the local manufacturing industry faces many problems. Companies have to compete against imported products offered at lower prices because of the economies of scale enjoyed by large multinational manufacturers and the fact that import tariffs are only levied on a few medical devices. Cheaper products, often of a lower quality, are also imported from China and because of the lack of regulation many of these products are of questionable quality. Meanwhile local manufacturers have to comply with the stringent, expensive international certification requirements for medical devices if they want to export their products.
The report on the Supply and Manufacture of Medical and Surgical Equipment and Orthopaedic Appliances describes current conditions, improvements to the weak regulatory environment and factors that influence the success of the sector. The report profiles 53 companies, including multinationals Johnson and Johnson Medical (Pty) Ltd, Medtronic (Africa) (Pty) Ltd and Siemens (Pty) Ltd. Also profiled are South African manufacturers such as Wondermed (Pty) Ltd and Lodox Systems (Pty) Ltd, which designed and manufactured the Lodox Xmplar-dr, a scanner that takes high-speed, full-body x-ray images and was featured in an episode of Grey’s Anatomy.