South Africa Healthcare Sector Report 2024: Local and International Influencing Factors, Industry Associations, Outlook, State of the Industry
Dublin, May 03, 2024 (GLOBE NEWSWIRE) -- The "The Healthcare Sector in South Africa 2024" report has been added to ResearchAndMarkets.com's offering.
The healthcare sector in South Africa report includes hospitals and other services such as blood banks, pathology laboratories and emergency medical services. There is comprehensive information on the number and distribution of hospitals, healthcare expenditure, capacity, practitioners, notable players, regulation, the state of public and private healthcare and NHI developments.
There are profiles of 50 companies including major hospital groups Mediclinic, Life Healthcare and Netcare, pathology services such as AC Mauff and Partners and Ampath, specialist hospitals such as Bay Eye Hospital and emergency services including ER24 EMS and Cape Medical Response.
Introduction
South Africa spent an estimated R547bn on healthcare in the financial year to end-March 2023, compared to around R529bn in the previous fiscal year.
Although total healthcare spending as a percentage of GDP declined, it compares favourably with the global average for middle-income countries.
The performance of the private healthcare sector has largely normalised since the pandemic.
The public health sector is in crisis, with crippling staff shortages, funding constraints, corruption and maladministration.
Key Market Trends
A shift towards wellness services and preventative healthcare.
Competition for the services of healthcare professionals.
Focus on preventative healthcare and the delivery of primary health services.
Greater willingness of the health department to collaborate with the private sector, notably in the distribution of chronic medication and facilities management.
Growing demand for mental health services and facilities.
Healthcare practitioners and service providers continue to be negatively affected by medical schemes that restrict their members to preferred provider networks.
Private hospitals and healthcare practitioners remain under pressure to make healthcare more affordable.
Strong demand for mental health services and facilities.
Strong focus on technologies that can improve efficiency.
Surgical procedures are increasingly being performed in day theatres.
Telemedicine and virtual consultations have become mainstream.
The medical and dental tourism market, is supported by strong demand from expatriates.
There are less patients due to stagnant medical scheme membership growth.
Opportunities
Local and regional research and development interventions including health apps.
The development and training of healthcare practitioners.
The implementation of National Health Insurance offers opportunities for private-public collaboration.
The medical tourism market (including dentistry) offers high growth potential.
The provision of public and private mental health facilities and services.
Challenges
Concerns about NHI's affordability, the state's ability to implement the NHI and the impact it will have on the private healthcare sector.
Disparities in the provision of healthcare services, particularly in rural areas.
Inequity in healthcare.
Public healthcare management is generally inefficient and corruption is pervasive. Critical staff shortages, challenging working conditions and low morale.
Service delivery in the public health sector is constrained by inadequate funding allocations.
Spiralling private healthcare costs.
Market Outlook
With the NHI Bill on the cusp of being signed into law, the healthcare sector is facing an uncertain future.
The enactment of the proposed legislation will require the amendment of other legislation, which will delay the rollout of the new health system.
Although the private healthcare sector is unlikely to be overhauled over the short and medium term, investment in the sector is expected to be muted.
Human resource challenges are likely to increase.
Surveys on the bill suggest a high risk of an exodus of healthcare professionals from South Africa is extremely high.
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Corporate Actions
3.6. Regulations
3.7. Enterprise Development and Social Development
4. AFRICA
5. INTERNATIONAL
6. INFLUENCING FACTORS
6.1. Unforeseen Events
6.2. Economic Environment
6.3. Labour
6.4. Environmental Issues
6.5. Technology, R&D, Innovation
6.6. Government Support
6.7. Input Costs
7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. INDUSTRY SUMMARY
9. OUTLOOK
10. INDUSTRY ASSOCIATIONS
11. REFERENCES
11.1. Publications
11.2. Websites
ANNEXURE 1 - Industry Legislation
APPENDIX 1 - Summary of Notable Players
Government Hospitals
Private Hospitals
Medical and Dental Practices
Optical
Pathology Practices
Ambulance Services
Blood Banks
COMPANY PROFILES - Government and Private Hospitals
Advanced Health (Pty) Ltd
Ahmed Al-Kadi Private Hospital Ltd
Bay Eye Hospital (Pty) Ltd
Busamed (Pty) Ltd
CareWell Robertson Private Hospital (Pty) Ltd
Clinix Health Group (Pty) Ltd
Cormed Kliniek (Pty) Ltd
Cure Day Hospitals Holdings (Pty) Ltd
Drs Erasmus, Vawda, Rabe and Partners
Edge Day Hospital (Pty) Ltd
Eyedoc (Pty) Ltd
Joint Medical Holdings (Pty) Ltd
Lenmed Investments Ltd
Life Healthcare Group (Pty) Ltd
M-Care (Pty) Ltd
Mediclinic Group Ltd
Melomed Hospital Holdings (Pty) Ltd
Mondia Health (Pty) Ltd
National Department of Health
National Hospital Network NPC
Netcare Ltd
Nurture Care Group (Pty) Ltd
RH Bophelo Ltd
Spescare (Pty) Ltd
Van Rensburg and Partners Southern Africa Inc
COMPANY PROFILES - Medical and Dental Practices
Kaelo Prime Cure (Pty) Ltd
Medicross Healthcare Group (Pty) Ltd
Momentum Metropolitan Holdings Ltd
Novahealth (Pty) Ltd
COMPANY PROFILES - Optical
Benmore Optometrists CC
Dynamic Vision Network (Pty) Ltd
KFML Holdings (Pty) Ltd
Mellins I Style Optometrists Inc
Moffatt Inc
Neovision Group (Pty) Ltd
Torga Optical (Pty) Ltd
COMPANY PROFILES - Pathology Practices
AC Mauff and Partners
Ampath Trust
Bio Analytical Research Corporation South Africa (Pty) Ltd
Dietrich Voigt Mia (Pty) Ltd
Ishara Ramparsad Inc
National Health Laboratory Service
COMPANY PROFILES - Ambulance Services
Cape Medical Response CC
David's Medical Response CC
ER24 EMS (Pty) Ltd
Gardmed Ambulance Service Trust
Hartmann Trading CC
Netcare Ltd
Relay EMS (Pty) Ltd
COMPANY PROFILES - Blood Banks
South African National Blood Service NPC
Western Cape Blood Service NPC
For more information about this report visit https://www.researchandmarkets.com/r/aq7nbk
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