Africa’s economic position is set to advance in the coming years as African economies are growing at a rate higher than the global average. South Africa is the 34th largest export economy in the world and the 47th most complex economy. South Africa is the second largest economy in Africa, and enjoys relative macroeconomic stability and a largely pro-business environment, making it an attractive option for Virginia companies seeking to enter the Sub-Saharan Africa marketplace. Tanzania’s economic performance showcases a high rate of growth and a low rate of inflation over the past five years.
African countries provide an ideal growth environment for healthcare companies. The African healthcare sector is poised to become the second largest, after North America, valued at $259 billion by 2030. It provides opportunities in various subsectors, ranging from medical devices and pharmaceuticals, to digital health, health services and infrastructure, and skills development and training.
This report examines the Healthcare market in South Africa and Tanzania, as well as market opportunities and key players.