5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
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India
About the Market
Major factors driving the growth of this market include the rise in aging population, increasing incidences of chronic diseases, growing demand for affordable healthcare delivery systems due to the mounting healthcare costs, technological advancements, and government initiatives to promote home healthcare. Conversely, changing reimbursement policies, limited insurance coverage, and patient safety concerns are restricting the growth of this market. Based on products, the market is segmented into testing, screening, and monitoring, therapeutic, and mobility care products. The testing, screening, and monitoring product segment was expected to account for the largest share of the home healthcare market, in 2015, due to the emphasis on preventive medicine. The potential to reduce healthcare complications and ensure the portability of devices, with high accuracy is expected to create a significant demand for monitoring and testing devices. Developed regions like North America and Europe are expected to dominate the market. However, the emerging nations are poised to be the fastest-growing over the forecast period. Key market players include Philips Healthcare, Kindred Healthcare, Linde Group, Almost Family Inc., Abbott Laboratories, LHC Group, Johnson & Johnson, A&D Company, Amedisys Inc., Fresenius SE & Co. KGaA, Omron Healthcare, McKesson Corporation, Apria Healthcare Group, Kinnser Software Inc., and Roche Holdings AG.
About the Geography
Nigeria is a presidential republic located in West Africa. It is the second largest economy and the highest producer of oil & gas in Africa. Nigeria has the third largest FDI stock in Africa, since the country remains Africa's largest producer of oil.
Nigeria has a privatized economy, low cost of labor, and abundant natural resources. The government promotes public-private partnerships and has liberal economic policies, which help maintain good relations with foreign firms. Being the seventh largest population in the world it is also the largest market in Africa. Foreign companies can own 100% of the business in all sectors except for industries critical to the nation’s security. Widespread corruption, poor infrastructure, terrorism, inefficient judicial system, and political instability have reduced the influx of foreign investment.
Despite these challenges, Nigeria received USD 80 billion in FDI in 2015. Bilateral trade agreements and treaties with many countries and tax incentives in all major industries have motivated investors to invest here.
Component Name | Unit |
GDP (USD billion) | 481 |
GDP Annual Growth Rate | -2.06 |
GDP Per Capita | 2548 |
Unemployment Rate | 13.3 |
Inflation Rate | 17.6 |
Consumer Price Index (CPI) | 206 |
Interest Rate | 14 |
Balance of Trade (USD billion) | 0.0932 |
Business Confidence | -24.1 |
Ease of Doing Business | 169 |
Competitiveness Rank | 127 |
Corruption Rank | 136 |
Consumer Confidence | -28.2 |
Consumer Spending (USD billion) | 38.502 |
Bank Lending Rate (Consumers) | 17.18 |
Corporate Tax Rate | 30 |
Sales Tax Rate | 5 |
The Market Entry Series
Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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