M235 - Nigerian Orthopaedic Implants Markets.pdf - Growth ...

Background to Study Slide 3 Research Aims and Objectives Slide 4 Scope of Research and Respondent Scope Slide 5 Research Deliverables Slide 8 Methodology followed Slide 10 Benefits of Research Slide 11 Frost & Sullivan Company Information and Contacts Slide 12Content

Background to StudyBackground:The healthcare system in West Africa is still relatively underdeveloped, and the markets for specialisedmedical services remain constrained. The underlying challenge has been a lack of funding. Howeversignificant strides are being made, especially in the larger countries such as Nigeria, with governmentsdemonstrating greater commitment towards development of healthcare infrastructure. In recent years, theNigerian government has consistently increased its budget allocations towards the upgrading of orthopaedichospitals. The orthopaedic environment in Nigeria is transforming, and previously unavailable surgicalprocedures have been introduced at major orthopaedic institutions. The threat posed by overseascompetition is diminishing as an increasing number of Nigerians is now undergoing operations locally ratherthan abroad. These positive developments have encouraged Nigerian surgeons, many of whom have nowchosen to stay, bucking the traditional trend of emigrating to overseas destinations. In this study all thesedevelopments are explored thoroughly, with careful analysis of the emerging opportunities.3

Research Aims and ObjectivesIncidences of orthopaedic conditions (hip, kneeand spinal) in Nigeria.In this study, an in-depth analysis ofthe orthopaedic implants markets inkey West African countries is carriedout. The following issues areexamined and discussed:Key orthopaedic market metrics including marketshares, market size and growth rates, for eachsegment.Key orthopaedic industry challenges, as well asmarket drivers and restraints.Analysis of the significant technological trendsand other major developments within eachsegment.Strengths, Weaknesses, Opportunities andThreats in the orthopaedic market.4

Scope of ResearchKey West African Orthopaedic Implants Markets• The report analyses the orthopaedic implantsmarkets in Nigeria.Nigeria5

Scope of ResearchMarket SegmentationThe orthopaedic implants market has a wide variety of aspects; however, for purposes of this researchservice the market has been segmented as follows:• Hip Replacement Implants• Knee Replacement Implants• Spinal Implants6

Research Deliverables 1 / 2Through this Research Service Frost & Sullivan is delivering the following:1) Research Summary• Overview of Main Orthopaedic Centres• Orthopaedic Financing and CostStructure• Orthopaedic Patient Statistics• Leading Causes of OrthopaedicProcedures• Challenges, Drivers and Restraints• Manufacturer Market Share and PricingAnalysis• Strengths, Weaknesses, Opportunitiesand Threats• Key Observations and StrategicRecommendationsExample Deliverables8

Research Deliverables 2 / 2Through this Research Service Frost & Sullivan is delivering the following:Example DeliverablesAn analysis of each segment containing the followingsections• Overview and Technology Trends• Segment Size and Growth forecasts• Segment Life Cycle Analysis• Market Engineering Measurements9

Methodology FollowedFrost & Sullivan research projects are carried out using a defined methodology.• A title is selected and a feasibility study carried out to determine the research service’s likely impact and commercial viability.• After approval, the scope of the research service is determined and the market segmented based on primary research carriedout during the feasibility study.• Secondary research is then carried out and, along with Frost and Sullivan internal resources and databases, subsequentlyallows for the construction of a contact list for major industry players and end-users.• Interviews are then scheduled and carried out with participants. In the current research project, participants were:• Surgeons• Marketing managers• Product managers• Heads of business development• Department heads, clinicians and physicians• Government officials and implementation officials10

Frost & Sullivan ContactsPhil HowarthOperations DirectorFrost & Sullivan+27 21 680 3269phil.howarth@frost.comDr. Keith SchlagbauerHead: Healthcare Unit Africa+27 21 680 3276keith.schlagbauer@frost.comKate HowarthSales ManagerFrost & Sullivan+27 21 680 3261kate.howarth@frost.comIshe ZingoniResearch AnalystHealthcare+27 21 680 3293ishe.zingoni@frost.com12