overview of the healthcare industry in nigeria

Healthcare spending in Nigeria is predominantly a private affair, with out-of-pocket spending accounting for 70 percent of total health expenditure in 2015, compared with just 7 percent in South Africa, for example. This is just an overview of the management of Nigeria healthcare. CDC partners in Nigeria with government and parastatal agencies, private institutions, universities and non-governmental organizations to improve the country’s public health foundation, to prevent transmission of HIV, to provide care and treatment for those who are already infected with HIV, and to strengthen laboratory capacity. The TGHE as % of GDP in 2011 was 5.3 Per capita GGHE (2012) was US$ 29.2 Per capita THE (PPP int. We are excited to announce, complimentary to you, a week’s worth of virtual content presented live by a select group of speakers from our New Product Innovation & Development: A Frost & Sullivan Executive MindXchange. Technological Advancement in Health care in Nigeria. This is up from an estimated NGN 5,318.061 billion in 2020. Customer Support. [6] This includes: You must have JavaScript enabled in your browser to utilize the functionality of this website. Health Care Sector Overview Anthony Ledesma Connor McCulloh Haden Wieck Mason Yang . But, are stakeholders ready to respond to these trends and brace the smart health care delivery of the future? Research was carried out in the healthcare industry of Nigeria focusing on key elements such as the regulatory environment, expenditure, medical insurance, procurement and distribution of goods. Illustrations by Brown Bird Design for TIME. This Frost & Sullivan research service titled Overview of the Healthcare Industry in Ghana provides a brief overview of the structure and operations of the healthcare industry in Ghana, and offers a more in-depth analysis of the pharmaceutical and medical devices industries by identifying the key participants and competitive dynamics. Currently, 66 percent of the country’s 34,000 health facilities are owned and run by the government. Academia.edu is a platform for academics to share research papers. The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products. € 2125 In the 20 th century, many deaths were recorded from little sickness e.g. This Frost & Sullivan research service titled Overview of the Healthcare Industry in Ghana provides a brief overview of the structure and operations of the healthcare industry in Ghana, and offers a more in-depth analysis of the pharmaceutical and medical devices industries by identifying the key participants and competitive dynamics. Nigeria’s healthcare infrastructure varies considerably between cities and rural areas, and between public and private provision. The World Health Organisation (WHO) rated Nigeria’s health sector 187th out of 191 members (WHO, 2000). In Nigeria, the laboratory services are integrated with the three-tier public health system at the primary, secondary, and tertiary levels. Healthcare in Nigeria is mainly driven by the public sector. The study further focuses on the pharmaceutical and medical devices industries, identifying the key market participants, market shares of these competitors, the challenges experienced in the industry, market drivers and restraints, the technology trends as well as key opportunities for growth in these industries. This paper analyzes the potential of Nollywood, the film production industry in Nigeria, Africa’s most populated country. Our unique perspective takes into account the latest economic and political developments of Nigeria to give you a deeper understanding of what these trends mean for your business. Access the latest politics analysis and economic growth summary through 2011 for Nigeria from The Economist Intelligence Unit December 2020, Home Care in Nigeria [5] The Nigerian health system has been evolving over the years through health care reforms aiming to address the public health challenges confronting it. All. 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Nigeria, a country located in West Africa along the Gulf of Guinea on the Atlantic Ocean, is a federal constitutional republic comprised of 36 states and its Federal Capital Territory, Abuja. This post gives an overview of these four domains and discusses their significance. The country’s population, which is currently estimated to be well over 170 million, presents great opportunities for investors in the beauty and personal care industry. In 2016, Nigeria Health Watch brought to fore discussions about how healthcare and technology could collaborate in our annual Future of Health Conference, themed #HealthMeetsTech. Private providers of healthcare have a visible role to play in health care delivery. Besides, the prevailing financial exclusion has resulted in low access to complex financial products for the masses. Out of pocket payments for health care services limit the poor from accessing and utilising basic health care services [23, 24 ,27, 28], hence, the low coverage of basic health services for the poor. In Nigeria, Africa’s most populous nation with close to 190 million people, more than 70 percent of healthcare spending is out-of-pocket. (Allafrica.com) Did you Know? As a result, we cannot show you the price in catalog or the product page. Market Entry-Home Healthcare Industry in Nigeria: Analysis of Growth, Trends and Progress (2020 - 2025) Download Free Sample Now Customize The Report. Talk to Sam +1 718 303 2384. By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them. Research was carried out in the healthcare industry of Nigeria focusing on key elements such as the regulatory environment, expenditure, medical insurance, pro… Nigeria’s fintech industry continues to evolve on the back of technological advancement and demographic support as 50% of the population is expected to be less than 25 years of age by the end of 2020. The National health insurance scheme NHIS took off in 2005. Health Care Sector Overview Anthony Ledesma Connor McCulloh Haden Wieck Mason Yang . The country spent 9% of its GDP on healthcare in 2017, which is 4% higher than the WHO’s recommended spending for a country of its socioeconomic status. But amid these investments and big steps, the industry faces a number of challenges. This may be as a result of poor health facilities, lack of access to quality health care, malnutrition due to poverty, herder-farmer conflicts, female genital mutilations, abortions, and displacements due to Boko Haram terrorism in the North East of Nigeria. The healthcare industry is also evolving, and not just through government intervention. More and more, health care is taught as a way of life, rather than as a crisis to be dealt with. Through various acts of parliament, the Nigerian healthcare system has been developed to accommodate the wide growing concerns in public healthcare. But beyond these, there is a need for the government to protect against these threats by installing strong public health infrastructures and health-care systems. information about the healthcare system and health tech industry in Nigeria. Health financing Health care in Nigeria is financed by a combination of: Tax revenue from the sale of oil and gas Out of pocket payments Donor funding Health insurance (private, public, social and community). The United Nations have seventeen sustainable development goals, of which number three is “ensure healthy lives and promote wellbeing for all at all age”. A breakdown of the health budget showed Nigeria, then estimated to have a population of 186 million, allocated approximately N1, 832.62 for each citizen. Nationally, 40 percent of Nigerians (83 million people) live below the poverty line, while another 25 percent (53 million) are vulnerable. The use of traditional medicine (TM) and complementary and alternative medicine (CAM) has increased significantly over the past few years. November 2020, Cough, Cold and Allergy (Hay Fever) Remedies in Nigeria Nigeria's healthcare industry has simply not been able to keep up with the country's growing population. The healthcare sector includes many industries, sub-industries, and a wide variety of companies. Text size +-With almost half of all Nigerians living below the poverty line and facing the dual burden of a high incidence of both infectious and non-communicable diseases (NCDs), Nigeria’s under-funded public health system is under immense pressure. November 2020, Healthcare Providers in Nigeria February 2020, CountryFocus: Healthcare, Regulatory and Reimbursem… Additionally, there are reference laboratories, research laboratories, and disease-specific reference laboratories to provide services for complex and special tests. Looking to buy the report? If you are an existing frost.com user, please register using the same email for seamless access. Any company involved in products and services related to health and medical care are represented in the healthcare sector and further categorized under six main industries. The business of beauty in Nigeria is, on the whole, potentially lucrative. Nigerian manufacturers have invested over N400 billion in the last 20 years in upgrading facilities to acquire the World Health Organisation(WHO)’s prequalification needed for international competition. Search industry reports, statistics & slideshows, Download Unlimited Documents from Trusted Public Sources, Global Infectious Disease Economic Impact, Healthcare and Bank Lending Markets in Nigeria, Purchase Reports From Reputable Market Research Publishers. 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Nigeria’s 36 states and the federal capital territory of Abuja are each responsible for their own secondary care facilities, mainly in the form of general hospitals, while the 774 local government areas focus on primary health care that is administered primarily through dispensaries. Buy Now. With recent global health concerns, alternate ways of forming real connections is top of mind. € 307 Expenditure of Nigerian households on health care 2019, by zone ; Government's healthcare expenditure in Nigeria … In this section, a brief overview of the extant legal and regulatory framework (limited only to principal legislation and potential changes in law) for the maritime industry in Nigeria is provided. The healthcare sector includes many industries, sub-industries, and a wide variety of companies. The aim of this study is to provide a tool which will assist strategy group and the management team specialists in making correct decisions as how to penetrate the Nigeria market and how to catch the maximum commercial opportunities in dealing with business partners in this country. The Legal and Regulatory Framework for the Maritime Sector in Nigeria. Last 3 Years (348) Last 2 Years (277) Last Year (209) Last 6 Months (58) Last 3 Months (18) Last Month (6) More Publication dates; All regions . Out-of-pocket spending on healthcare, whether for treating catastrophic injuries or for managing chronic conditions, too often pushes people into poverty, World Health Organization studies consistently show. Fewer than 1,000 of these are public hospitals with the remainder of facilities being privately owned with fewer than 10 beds1. Overview of the Healthcare Industry in Nigeria. All Rights Reserved. These industries include … Going by GDP data from the National Bureau of Statistics (NBS), the “textile, apparel, and footwear” sector has averaged growth of 17% since 2010. The NHAct has the potential to fuel dramatic public health improvements and rapid progress towards the attainment of Universal Health Coverage (UHC). A CLOSER LOOK AT THE HEALTHCARE SYSTEM IN NIGERIA HEALTHCARE FINANCING Health expenditure: per capita (current US$) total (% of GDP) public (% of government expenditure) public (% of total health expenditure) External resources for health (% of total expenditure on health) Out-of-pocket (% of total expenditure on health) (World Bank, July 2016) NIGERIA (2014) $118 3.7% 8.2% 25.1% … € 2850 In 2014, a report by BMI Research estimated that there were only 3,534 hospitals. € 1750 February 2019, Employee Benefits in Nigeria 2020 April 2020. Market Overview - Nigeria. View in online reader. March 2020, NRT Smoking Cessation Aids in Nigeria This may be as a result of poor health facilities, lack of access to quality health care, malnutrition due to poverty, herder-farmer conflicts, female genital mutilations, abortions, and displacements due to Boko Haram terrorism in the North East of Nigeria. $) was 139.3 NHIS in Nigeria covers only the formal sector employees (mandatory). Healthcare Federation of Nigeria, a healthcare advocacy organisation in Nigeria. You can change your Cookie Settings at any time but parts of our site will not function correctly without them. ADD TO CART CHECKOUT. Get Reports. We then interviewed more than 75 active health tech entrepreneurs and industry experts who provided key insights contained within this report. Sustainable Healthcare System in Nigeria: Vision, Strategies and Challenges. Second, Nigeria’s National Health Act (NHAct), enacted in late 2014, officially recognizes Nigerians’ right to health – and through the NHAct, the Basic Health Care Provision Fund provides financial resources to improve primary health care. This Growth Pipeline Diagnostic™ will provide you with a benchmark on how well your company is prepared to grow in the future. Pharmaceuticals & Healthcare in Nigeria: General Overview & Opportunities. English is the official language of Nigeria, and its currency is the Nigerian naira (NGN). A CLOSER LOOK AT THE HEALTHCARE SYSTEM IN NIGERIA HEALTHCARE FINANCING Health expenditure: per capita (current US$) total (% of GDP) public (% of government expenditure) public (% of total health expenditure) External resources for health (% of total expenditure on health) Out-of-pocket (% of total expenditure on health) (World Bank, July 2016) NIGERIA (2014) $118 3.7% 8.2% 25.1% 6.7% … malaria, fever, even sore throats. Overall, the country lacks the medical facilities, equipment, and capabilities it needs to tackle the considerable healthcare challenges it faces. Nigeria is the most populous country in Africa with over 200 million people. About the Market. The cosmetics and personal care industry globally generates an estimated annual turnover of around US$400 billion. Nigeria Overview Last reviewed - 17 July 2020. In a country like Nigeria, one of the major functions of the healthcare sector is to tackle the high incidence of both infectious and non-communicable diseases (NCDs) in the country. $ 3250; October 2020; 315 pages; The Nigeria freight and logistics market has been on a slow growth trend for the past many years but is expected to grow at a CAGR of around 4 % in the coming years. Economic overview. © 2020 Frost & Sullivan. iFrost is a digital platform for interactive and dynamic reporting of data. Within a decade, Nigeria’s fashion industry has grown in size and sophistication, attracting global attention. Healthcare provision in Nigeria is a concurrent responsibility of the three tiers of government in the country. This perception has been established over many years – personal experience and those of others, media reports and the visible state of disrepair in healthcare infrastructure around them. Healthcare; Publication dates. According to the World Bank, 3.6% of Nigeria’s GDP is spent on healthcare, thereby putting the healthcare market (both public and private) at approximately $14.6 Billion. The poor rating of the sector is due to a lack of standard equipment for production and storage of pharmaceuticals. Healthcare Industry 2020 - Nigeria Market Research & Statistics. Act Fast, Think Digital, Go Virtual, and Look Local. https://store.frost.com/overview-of-the-healthcare-industry-in-nigeria.html, Unified Communications and Collaboration (UCC), Networking and Communications Infrastructure, Strategic Analysis of the Healthcare Industry in Nigeria, Introduction to the Healthcare Industry in Nigeria. Discover the latest market trends and uncover sources of future market growth for the Consumer Health industry in Nigeria with research from Euromonitor's team of in-country analysts. JavaScript seems to be disabled in your browser. May 2019, Mycobacterium Tuberculosis Tests - Medical Devices Pipeline … Demand for healthcare services is expected to increase over the next five years with a value of over $18 billion in 2023. Overall, COVID-19 is not expected to have a major impact on consumer health in Nigeria and it expected that current value growth in 2020, will be similar to 2019 and will continue to register double-digit ... Nigeria Clinical Laboratory Services Market - Growt… Nationally, 40 percent of Nigerians (83 million people) live below the poverty line, while another 25 percent (53 million) are vulnerable. Health financing Health care in Nigeria is financed by a combination of: Tax revenue from the sale of oil and gas Out of pocket payments Donor funding Health insurance (private, public, social and community). Nigeria’s health care delivery has seen great improvement due to technological advancements. All rights reserved. While significant progress was made in the first two decades after the country’s independence in 1960, the economic downturn resulting from the plummeting of oil price of which Nigeria was dependent led to a series of twists and turns in the health sector. Related news bulletins update and add the finishing touch to an overview of economic situation in Nigeria. Increased aging population and evolution of new diseases has fueled the need to better and faster healthcare access. Being one of the most regulated sectors in the market landscape, the healthcare and life sciences industry is ever-transitioning and flexible in approach. Oyibocha, E ... therefore, transformative solutions that require cooperation among industry sectors and the government are needed. by Nifemi Aluko posted in Spotlight 14 June, 2018. Monitor the impact on your business. $440 / 12 month access / Twice yearly updates VIEW SAMPLE REPORT. These industries include … Health care systems need to work toward a future in which the collective focus shifts away from treatment, to prevention and early intervention. Hospitals play a very important role in the health industry… Due to a lack of standard equipment for production and storage of.... At over $ 18 billion in 2018 seen great improvement due to a lack of standard for... Being privately owned with fewer than 10 beds1 and dynamic reporting of data boasts both and... 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