The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: It is vital that companies that are looking to sell non-communicable disease therapeutics work
alongside the public sector and focus on physician education and patient awareness in a market that has
traditionally focussed on infectious diseases such as malaria, tuberculosis and HIV. Besides challenges
related to diagnosis, care and treatment, there is a lack of understanding and knowledge about diseases
such as diabetes and cardiovascular disease among healthcare professionals and the general population,
and a perception that such diseases are not as critical as other diseases affecting the country.
Headline Expenditure Projections
? Pharmaceuticals: KES73.34bn (USD750mn) in 2015 to KES84.04bn (USD830mn) in 2016; 14.6%
growth in local currency terms and 10.8% in US dollar terms.
? Healthcare: KES341.18bn (USD3.47bn) in 2015 to KES377.30 (USD3.71bn) in 2016; 10.6% growth in
local currency terms and 7.0% in US dollar terms.