Healthcare & Pharmaceutical
With healthcare in Africa developing fast, the outlook for the sector has never looked brighter. Per capita health expenditure doubled between 2000 and 2013 – and the result has been a significant increase in the number of healthcare services available to people throughout the continent. Meanwhile, Africa’s expanding middle class is fuelling the rise in demand for the latest in treatments and care, with a growing number of African companies investing in the latest medical technologies to help them meet that demand.
Sector at a glance
- $45 billion - The amount that pharmaceutical sales in Africa are forecast to be worth by 2020, up from $30bn in 2016
- 5.5% - Healthcare spending as a proportion of the continent’s GDP
- $98 - The annual healthcare spending per capita across Africa in 2014, up from $51 in 2004