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Reviving Ailing Healthcare Industry a Priority for Angolan Government Notes Frost & Sullivan - Angola has one of the fastest-growing economies in the world
Reviving Ailing Healthcare Industry a Priority for Angolan Government Notes Frost & Sullivan

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2010/11/01 - Angola has one of the fastest-growing economies in the world.

   
 
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The last few years of economic success was marred by the recent economic downturn, compelling the Angolan Government to review its investments and prioritise the redevelopment and rehabilitation of the country's infrastructure. Major social reform involving the education and healthcare sectors is currently underway and about $33 billion has been allocated for social programmes, including healthcare, in the Angolan spend plan for 2009-2010.

New analysis from Frost & Sullivan (medicaldevices.frost.com), Overview of the Healthcare Industry in Angola, finds that the market earned revenues of $274 million in 2009 and estimates this to reach $573.4 million in 2016. The following markets are covered in the research: pharmaceuticals and medical devices.

"The Angolan Government has allocated one third of its 2009/2010 spend plan to health and education plans,” notes Frost & Sullivan Research Analyst Sandhya Miseer. "In April 2010, the Municipal Health Service Strengthening Project was launched with a $72.8 million budget.”

The Government's recognition of the need to develop the country's socio-economic conditions will drive growth considerably in the healthcare industry. The prevalence and increasing burden of disease, coupled with poor healthcare indicators, will contribute to long-term growth in the healthcare industry in Angola.

Training health workers has been part of a massive revitalisation of Angola's health system. More than 200 students have been sent to Cuba, a long-time Angolan partner, to study medicine. The government has built five universities and 45 specialised training schools to increase the number of health workers in the country. As a short-term measure, the government has also brought doctors from Cuba to work in clinics in both urban and rural areas.

A key challenge to the healthcare industry is the limited access to healthcare services.

"Angola's badly damaged infrastructure makes access to healthcare services and medicines very difficult for the population,” explains Miseer. "Only 30.0 per cent of the population has access to essential medicines.”

Promisingly, the Angolan Government and foreign investors are channelling funds and resources into the rehabilitation and restructuring of the country's infrastructure. By doing this Angola, has created opportunities in many industries including healthcare. As new hospitals and clinics are being built and equipped, access to healthcare services has increased, especially in the rural areas.

"The Ministry of Health plans to revive its primary health care programme,” concludes Miseer. "This strategy represents the best way to deliver effective and comprehensive assistance to the population.”

Overview of the Healthcare Industry in Angola is part of the Medical Devices Growth Partnership Services programme, which also includes research in the following markets: Strategic Analysis of the Healthcare Industry of Kenya, Key Infectious Diseases Markets in East Africa, Strategic Analysis of Oncology Services in Key Sub-Saharan African countries and Infectious Disease Pharmaceutical Markets in key Sub-Saharan African Countries. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

If you are interested in more information on this study, please send an email to Christie Cronje, Corporate Communications, at christie.cronje[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Overview of the Healthcare Industry in Angola / M517

 
 
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Reviving Ailing Healthcare Industry a Priority for Angolan Government Notes Frost & Sullivan

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