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Higher Outlays and Improved Regulatory Enforcement Create Opportunities in the Kenyan Healthcare Industry, Reveals Frost & Sullivan
Date:5/5/2009

CAPE TOWN, South Africa, May 5 /PRNewswire/ -- Increased public and private expenditure on healthcare, coupled with increasing levels of medical insurance coverage and continued foreign donor funding are creating significant opportunities for growth within the Kenyan healthcare industry. The pharmaceutical and medical devices industries will exhibit continued expansion as the government boosts the allocation of resources for regulatory enforcement.

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New analysis from Frost & Sullivan (http://www.medicaldevices.frost.com), Strategic Analysis of the Healthcare Industry in Kenya, finds that the pharmaceuticals and medical devices markets earned revenues of $208.6 million and $40.4 million respectively, in 2007 and estimates them to more than double by 2014 to reach $558.5 million and $85.6 million respectively.

"Growth in the healthcare industry in Kenya will be supported by increasing expenditure on healthcare, within both public and private sectors," notes Frost & Sullivan Research Analyst Lore Kannegiesser. "This will be paralleled by improved regulatory enforcement, which will result in decreased competition from poor quality and counterfeit products."

The Ministry of Health has undertaken to widen access to affordable, high quality healthcare through enhanced allocation of resources to the healthcare industry. This expanded outlay within the public sector, coupled with rising private expenditure and greater levels of insurance coverage, will drive the further growth of the medical devices and pharmaceutical industries.

However, the Ministry of Health acknowledges that enforceme
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SOURCE Frost & Sullivan
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