Industry Insights: South Africa Healthcare Market Overview

    JOHANNESBURG, SOUTH AFRICA, December 19, 2019 /24-7PressRelease/ -- South Africa currently runs a two-tiered healthcare system, comprising of the public and the smaller, rapidly -growing private sector. 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. Despite this high expenditure, health outcomes are still trailing in comparison with similar middle-income countries, mostly due to the inequities between the public and private sectors.

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South Africa is the largest economy on the African continent with a population of 56.4mn in the emerging world markets. However, economic growth has slowed in recent times due to low global commodity prices and the wavering mining sector. Nevertheless, the economy is showing some signs of regaining traction and this will improve the outlook for the healthcare sector.

Achieving universal health coverage remains a government priority. The implementation of the National Health Insurance will be gradual and will boost the public sector's contribution. Delivery challenges will necessitate effective private sector engagement and the establishment of PPPs for healthcare.

South Africa Healthcare Sector
South Africa Healthcare Market Overview

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