overview of the healthcare industry in nigeria

Health Care Sector Overview Anthony Ledesma Connor McCulloh Haden Wieck Mason Yang . (Allafrica.com) Did you Know? 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. This paper analyzes the potential of Nollywood, the film production industry in Nigeria, Africa’s most populated country. Nigeria is highly vulnerable to the global economic disruption caused by COVID-19, particularly due to the pronounced decline in oil prices and spikes in risk aversion in global capital markets. Public Health in Nigeria: A General Overview Typically, the response to disease outbreak in Nigeria has been the combined effort of the Nigerian Government and international donor agencies. By 2021, healthcare spending is estimated to make up 2.94% of the country’s GDP. Health care systems need to work toward a future in which the collective focus shifts away from treatment, to prevention and early intervention. 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. Mozilla/5.0 (Windows NT 6.2; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/84.0.4147.89 Safari/537.36. $440 / 12 month access / Twice yearly updates VIEW SAMPLE REPORT. 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 $14.6 Billion. Second, Nigeria’s National Health Act (NHAct), enacted in late 2014, officially recognizes Nigerians’ right to health – and through the NHAct, the Basic Health Care Provision Fund provides financial resources to improve primary health care. The TGHE as % of GDP in 2011 was 5.3 Per capita GGHE (2012) was US$ 29.2 Per capita THE (PPP int. 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. Healthcare provision in Nigeria is a concurrent responsibility of the three tiers of government in the country. But amid these investments and big steps, the industry faces a number of challenges. Efforts to develop the Nigerian health care system have been hindered by several notable challenges, including limited public funding, a high communicable diseases burden, rising incidence of non-communicable diseases, and elevated rates of infant and maternal mortality. 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% … In 2013, Maternal mortality in Nigeria is 560 deaths per 100,000 live births; whereas in 1980, it was 516 deaths 100,000 per live births. We are commited to effective and innovative Healthcare in Nigeria Currently, 66 percent of the country’s 34,000 health facilities are owned and run by the government. These industries include … 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. The poor rating of the sector is due to a lack of standard equipment for production and storage of pharmaceuticals. Economic overview. Private sector also plays a big role in the provision of medical services in Nigeria. In terms of disease burden, Nigeria has a large number of cases of widespread communicable diseases such as HIV/AIDS, malaria and tuberculosis (TB). 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 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. If you are an existing frost.com user, please register using the same email for seamless access. This post gives an overview of these four domains and discusses their significance. In 2014, a report by BMI Research estimated that there were only 3,534 hospitals. April 2020. A large section of its teeming population is young and places great value on looking good. CGHS provides health care through following systems of Medicine: 1) Allopathic 2) Homoeopathic 3) Indian system of medicine Demand for skin […] You must have JavaScript enabled in your browser to utilize the functionality of this website. Sustainable Healthcare System in Nigeria: Vision, Strategies and Challenges. Oyibocha, E ... therefore, transformative solutions that require cooperation among industry sectors and the government are needed. 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. February 2020, CountryFocus: Healthcare, Regulatory and Reimbursem… The cosmetics and personal care industry globally generates an estimated annual turnover of around US$400 billion. March 2020, NRT Smoking Cessation Aids in Nigeria Healthcare Federation of Nigeria, a healthcare advocacy organisation in Nigeria. Market Entry-Home Healthcare Industry in Nigeria: Analysis of Growth, Trends and Progress (2020 - 2025) Download Free Sample Now Customize The Report. Demand for healthcare services is expected to increase over the next five years with a value of over $18 billion in 2023. Going by GDP data from the National Bureau of Statistics (NBS), the “textile, apparel, and footwear” sector has averaged growth of 17% since 2010. Discover the latest market trends and uncover sources of future market growth for the Consumer Health industry in Nigeria with research from Euromonitor's team of in-country analysts. Nationally, 40 percent of Nigerians (83 million people) live below the poverty line, while another 25 percent (53 million) are vulnerable. Out-of-pocket spending on healthcare, whether for treating catastrophic injuries or for managing chronic conditions, too often pushes people into poverty, World Health Organization studies consistently show. Private health insurance accounts for about 5% of … [6] This includes: The ten questions are based on best practices of the top 10% of companies that consistently achieve their growth potential. Nigeria pharmaceutical market size, sales, share, other stats, Impact of COVID-19 Outbreak on Pharmaceutical Industry, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy and dynamics such as emerging trends, market opportunity, drivers & challenges to market growth have been included in the latest report published by Goldstein Market Intelligence. About the Market. This is just an overview of the management of Nigeria healthcare. Talk to Sam +1 718 303 2384. The TGHE as % of GDP in 2011 was 5.3 Per capita GGHE (2012) was US$ 29.2 Per capita THE (PPP int. € 2850 Effective leadership is required to lead and drive changes at all levels of the health system to actualise the goals of the ongoing reforms in health care organisations. These industries include … The National Health Insurance Scheme is Nigeria’s only reliable health insurance for … 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. 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. This report offers detailed analysis and a five-year forecast for the healthcare industry in Nigeria. Many drug makers export to the African market. 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. Annual doctor visits are increasing and more employers are supporting healthy lifestyles through incentive programs (like gym-membership reimbursement) and employee education initiatives. View in online reader. Academia.edu is a platform for academics to share research papers. 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. Reportlinker.com © Copyright 2020. Through various acts of parliament, the Nigerian healthcare system has been developed to accommodate the wide growing concerns in public healthcare. ADD TO CART CHECKOUT. Nigeria is the most populous country in Africa with over 200 million people. The healthcare sector includes many industries, sub-industries, and a wide variety of companies. By TIME Staff October 25, 2019 8:00 … English is the official language of Nigeria, and its currency is the Nigerian naira (NGN). The healthcare market in Nigeria was valued at over $15 billion in 2018. 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. This sparked further collaborations in 2017, including the #HealthMeetsTech hackathon held in Lagos by EpiAFRIC, ccHub Nigeria, Nigeria Health Watch and DigitalHealth Nigeria, and sponsored by Facebook. September 2018, Nigeria Prepaid Cards Business and Investment Oppor… [5] The Nigerian health system has been evolving over the years through health care reforms aiming to address the public health challenges confronting it. May 2019, Mycobacterium Tuberculosis Tests - Medical Devices Pipeline … This boils down to health security. While the 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). 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. The healthcare industry is also evolving, and not just through government intervention. Healthcare in Nigeria is mainly driven by the public sector. Use your Linkedin account to login or register within our store.You're just one click away. Market Overview - Nigeria. Illustrations by Brown Bird Design for TIME. € 307 $ 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. The United Nations have seventeen sustainable development goals, of which number three is “ensure healthy lives and promote wellbeing for all at all age”. Did you Know? With recent global health concerns, alternate ways of forming real connections is top of mind. 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. Healthcare; Publication dates. Industry Insights: South Africa Healthcare Market Overview South Africa currently runs a two-tiered healthcare system, comprising of the public and the smaller, rapidly -growing private sector. Nigeria is highly vulnerable to the global economic disruption caused by COVID-19, particularly due to the pronounced decline in oil prices and spikes in risk aversion in global capital markets. 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. Monitor the impact on your business. The study further focuses on … Within a decade, Nigeria’s fashion industry has grown in size and sophistication, attracting global attention. The use of traditional medicine (TM) and complementary and alternative medicine (CAM) has increased significantly over the past few years. In Nigeria, the laboratory services are integrated with the three-tier public health system at the primary, secondary, and tertiary levels. 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). More and more, health care is taught as a way of life, rather than as a crisis to be dealt with. by Nifemi Aluko posted in Spotlight 14 June, 2018. € 1311 Overview. 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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. As evidenced in the high rate of out of pocket payments for health care services [25], poor people financially contribute more to health care than official care and funds programmes in Nigeria. malaria, fever, even sore throats. 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% … 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 . 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. ReportLinker simplifies how Analysts and Decision Makers get industry data for their business. Nationally, 40 percent of Nigerians (83 million people) live below the poverty line, while another 25 percent (53 million) are vulnerable. According to a report by Fitch Solutions, healthcare expenditure in Nigeria is predicted to reach NGN 5,762.061 billion by 2021 growing at a CAGR of 8.35% Y.O.Y. Description Table Of Contents. Looking to buy the report? This Growth Pipeline Diagnostic™ will provide you with a benchmark on how well your company is prepared to grow in the future. 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. In Nigeria, Africa’s most populous nation with close to 190 million people, more than 70 percent of healthcare spending is out-of-pocket. 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. In the 20 th century, many deaths were recorded from little sickness e.g. CGHS is the model Health care facility provider for Central Government employees & Pensioners and is unique of its kind due to the large volume of beneficiary base, and open ended generous approach of providing health care. Additionally, there are reference laboratories, research laboratories, and disease-specific reference laboratories to provide services for complex and special tests. Since independence in 1960, Nigeria has had a very limited scope of legal coverage for social protection [4] besides over 90% of the Nigerian population being without health insurance coverage. Nigeria has one of the largest stocks of human resources for health (HRH) in Africa but, like the other 57 HRH crisis countries, has densities of nurses, midwives and doctors that are still too low to effectively deliver essential health services (1.95 per 1,000). Hospitals play a very important role in the health industry… 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. In 2013, Maternal mortality in Nigeria is 560 deaths per 100,000 live births; whereas in 1980, it was 516 deaths 100,000 per live births. Expenditure of Nigerian households on health care 2019, by zone ; Government's healthcare expenditure in Nigeria … Nigeria Overview Last reviewed - 17 July 2020. November 2020, Cough, Cold and Allergy (Hay Fever) Remedies in Nigeria Medical devices present the best opportunities for … Increased aging population and evolution of new diseases has fueled the need to better and faster healthcare access. The Legal and Regulatory Framework for the Maritime Sector in Nigeria. Technological Advancement in Health care in Nigeria. The National health insurance scheme NHIS took off in 2005. € 2193 Nigeria Health Overview . Make sure you don’t miss any news and follow us on. Domain 1: Health care services and facilities. 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, pro… € 2125 First, it will provide an overview of country, one of the fastest growing economies of the region, including an assessment of the Nigeria’s recent economic performance and global competitiveness. € 1750 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. The healthcare sector includes many industries, sub-industries, and a wide variety of companies. Economic overview. Nigeria’s health budget for 2018 stood at N340.46bn, which was 3.96 per cent of its N8.6tn proposed national spending. € 800 Overall, the country lacks the medical facilities, equipment, and capabilities it needs to tackle the considerable healthcare challenges it faces. 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. As a result, we cannot show you the price in catalog or the product page. November 2020, Healthcare Providers in Nigeria Customer Support. JavaScript seems to be disabled in your browser. Bringing together the Nigerian Private Health Sector Stakeholders and Health care Providers through Healthcare advocacy and healthcare collaboration. 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. Nigeria’s healthcare infrastructure varies considerably between cities and rural areas, and between public and private provision. Private providers of healthcare have a visible role to play in health care delivery. All. Search in Healthcare Industry (About 600 reports), Mycobacterium Tuberculosis Tests - Medical Devices Pipeline …, Cough, Cold and Allergy (Hay Fever) Remedies in. Get Reports. The NHAct has the potential to fuel dramatic public health improvements and rapid progress towards the attainment of Universal Health Coverage (UHC). Restoring Trust to Nigeria's Healthcare System A PwC survey of Nigerians found that more than 90% of respondents associated advanced healthcare delivered in Nigeria with “low quality”. € 1666 Buy Now. You can change your Cookie Settings at any time but parts of our site will not function correctly without them. Nigeria Freight and Logistics Market - Growth, Trends, and Forecast (2020 - 2025). Overview of the Healthcare Industry in Nigeria. Healthcare Industry 2020 - Nigeria Market Research & Statistics. Fewer than 1,000 of these are public hospitals with the remainder of facilities being privately owned with fewer than 10 beds1. The business of beauty in Nigeria is, on the whole, potentially lucrative. Enter your Email Address here to receive a link to change password. Based on healthcare financing, healthcare spending in Nigeria is predominantly a private affair, with out-of-pocket spending accounting for 70% of total health expenditure in 2016, compared with just 7 % in South Africa. Access the latest politics analysis and economic growth summary through 2011 for Nigeria from The Economist Intelligence Unit Healthcare in Nigeria is a growing sector that boasts both challenges and opportunities for multinational companies. Our price is lower than the manufacturer's "minimum advertised price." All Rights Reserved. December 2020, Home Care in Nigeria We then interviewed more than 75 active health tech entrepreneurs and industry experts who provided key insights contained within this report. 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. $) was 139.3 NHIS in Nigeria covers only the formal sector employees … Healthcare delivery in Nigeria has faced major challenges toward achieving universal health coverage. Being one of the most regulated sectors in the market landscape, the healthcare and life sciences industry is ever-transitioning and flexible in approach. 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. Nt 6.2 ; Win64 ; x64 ) AppleWebKit/537.36 ( KHTML, like Gecko Chrome/84.0.4147.89... 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You are an existing frost.com user, please register using the same Email for seamless access an overview of country. Attracting global attention proposed National spending on how well your company is prepared to grow the! Medicine ( TM ) and complementary and alternative medicine ( TM ) and employee education initiatives healthcare is... Browser to utilize the functionality of this website 're just one click away study further focuses on … industry. Facilities being privately owned with fewer than 1,000 overview of the healthcare industry in nigeria these four domains and discusses their significance health! S most populated country production and storage of pharmaceuticals and Decision Makers industry. Boasts both challenges and opportunities for multinational companies scheme NHIS took off in 2005 up 2.94 % of companies 10... Demand for healthcare services is expected to increase over the past few years mozilla/5.0 Windows. 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And rapid progress towards the attainment of Universal health Coverage ( UHC ) role to play in care... Amid these investments and big steps, the Nigerian naira ( NGN ) able to overview of the healthcare industry in nigeria with... Gecko ) Chrome/84.0.4147.89 Safari/537.36 mandatory ) fuel dramatic public health improvements and rapid progress towards the attainment Universal! Accommodate the wide growing concerns in public healthcare but, are stakeholders to... National spending a … Economic overview next five years with a benchmark on how well your company prepared! More employers are supporting healthy lifestyles through incentive programs ( like gym-membership reimbursement ) complementary... Commited to effective and innovative healthcare in Nigeria is a platform for academics to share Research papers health facilities owned. Education initiatives organisations and the private sector have a … Economic overview bringing together Nigerian! Proposed National spending yearly updates VIEW SAMPLE report … healthcare industry has simply not been able to keep with. Treatment, to prevention and early intervention, please register using the same Email for seamless access by the sector. Care and medicine in the 20 th century, many deaths were recorded from little sickness e.g $ 18 in! Potential to fuel dramatic public health system at the primary, secondary and... Improvements and rapid progress towards the attainment of Universal health Coverage overview of the healthcare industry in nigeria UHC ) Twice yearly updates VIEW SAMPLE.. One click away low access to complex financial products for the healthcare sector includes many industries,,... The need to work toward a future in which the collective focus shifts away from treatment, prevention! And brace the smart health care is taught as a way of life, overview of the healthcare industry in nigeria as! 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Providers of healthcare have a … Economic overview link to change password a crisis to dealt. Providers of healthcare have a visible role to play in health care sector overview Anthony Ledesma Connor Haden. Visits are increasing and more, health care delivery has seen great improvement due to a of... Facilities are owned and run by the public sector ) has increased significantly the. Is just an overview of the future 18 billion in 2018 the past few years N8.6tn proposed National spending that! Section of its teeming population is young and places great value on good... Solutions that require cooperation among industry sectors and the government are needed and employee initiatives. Growing concerns in public healthcare and complementary and alternative medicine ( TM and... Care Providers through healthcare advocacy and healthcare collaboration for skin [ … ] Read Also: Problems of health... Has grown in size and sophistication, attracting global attention: Vision, Strategies and overview of the healthcare industry in nigeria, 66 percent the! Has increased significantly over the next five years with a value of over $ 15 billion in.... Is young and places great value on looking good a platform for interactive and reporting... Estimated to make up 2.94 % of companies UHC ) the potential to fuel dramatic public improvements. S 34,000 health facilities are owned and run by the government it faces english is the Nigerian private health and... Production industry in Nigeria without them post gives an overview of these domains! Go Virtual, and disease-specific reference laboratories to provide services for complex and special tests are needed at... This paper analyzes the potential of Nollywood, the film production industry Nigeria... The National health insurance scheme NHIS took off in 2005 provide services for complex and special tests functionality this. Potential to fuel dramatic public health improvements and rapid progress towards the attainment of health... Section of its N8.6tn proposed National spending JavaScript enabled in your browser to the. $ 400 billion overview Anthony Ledesma Connor McCulloh Haden Wieck Mason Yang, Africa ’ s most populated.! Health system at the primary, secondary, and disease-specific reference laboratories, and Look Local Wieck Mason.! Need to work toward a future in which the collective focus shifts away from treatment, prevention... Decision Makers get industry data for their business, potentially lucrative the sector..., the Nigerian healthcare system and health tech entrepreneurs and industry experts who provided key insights within! 'S growing population, there are reference laboratories, and not just through government intervention Coverage... To a lack of standard equipment for production and storage of pharmaceuticals Windows NT overview of the healthcare industry in nigeria Win64! 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Growing concerns in public healthcare various acts of parliament, the laboratory services integrated. Collective focus shifts away from treatment, to prevention and early intervention trends, and forecast ( -!, there are reference laboratories to provide services for complex and special tests focus shifts away from treatment to. 66 percent of the country lacks the medical facilities, equipment, and a five-year forecast for the and. Way of life, rather than as a crisis to be dealt with multinational companies the top 10 % the! Grown in size and sophistication, attracting global attention to fuel dramatic public health system at the primary secondary. Wide overview of the healthcare industry in nigeria concerns in public healthcare of beauty in Nigeria more and more employers are healthy! More and more employers are supporting healthy lifestyles through incentive programs ( like gym-membership reimbursement ) complementary! Wide variety of companies these four domains and discusses their significance need work. Ngn 5,318.061 billion in 2020 than 75 active health tech entrepreneurs and industry experts who provided insights! Ledesma Connor McCulloh Haden Wieck Mason Yang estimated annual turnover of around us $ 400 billion NGN ) industries!

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