Opportunities for UK organisations
- Africa’s healthcare market is estimated as £27/£35 billion in 2016, and there is a growing demand for health services.
- With over 1 billion inhabitants, Sub-Saharan Africa accounts for 11 percent of the world’s population, yet bears 24 percent of the global disease burden and commands less than one percent of global health expenditure.
- Almost half the world’s deaths of children under five take place in Africa.
- Africa faces a severe shortage of trained medical personnel, with just three percent of the world’s health workers deployed in Sub-Saharan Africa.
- Multilateral and bilateral donors provided £8bn/$10.3 billion in health funding to Africa in 2012. WHO estimates that disbursements of official development aid (ODA) to the African region have multiplied by 4.5 in 10 years, from US$1.85 billion in 2002 to at least US$8.3 billion in 2011.
- The healthcare sector in Africa provides a big growth opportunity for two main reasons: because of the huge health challenges that the continent faces, and because of serious deficiencies that still exist in Africa’s healthcare, compared to the rest of the world.