GDP. But even though the health threat was new, challenges of the health sector were not. As part of Fitch Solutions, we continue to help our customers identify opportunities and navigate risks with a focus on emerging and frontier markets. The study focused particularly on somestates in Northern Nigeria that shared similar demographic characteristics. The United Nations have seventeen sustainable development goals, of which number three is “ensure healthy lives and promote wellbeing for all at all age”. The non-oil sector declined by –6.05% in real terms during the reference quarter (Q2 2020). $ 3250 $ 990 Nigerian Construction Sector Summary Report 2010-2012: 5: 10: 27: Construction of building, Construction of Roads, Construction of Railways, Construction of other civil engineering project, Construction of utility project, Demolition and site preparation. Also, the unavailability of consistent and timely data on the Nigerian health sector for decision making pushes companies intending to invest in Nigeria to conduct a thorough market assessment for the specific products and services they plan to bring in. Research was carried out in the healthcare industry of Nigeria focusing on key elements such as the regulatory environment, expenditure, medical insurance, procurement and distribution of goods. %%EOF A Strategic Study of the Nigerian Pharmaceutical Sector: Organizational Leadership, Market-share, and Competitive Performance Dr. Ogechukwu C. Ugbam Department of Management University of Nigeria Enugu Campus Ephraim A. Okoro, PhD Department of Marketing School of Business Howard University Washington D.C. Abstract If Nigeria hopes to reverse the trend of decline and realign its economy for inclusive growth, then a healthy workforce is a necessity. 0000010681 00000 n $ 1495 February 2019, Employee Benefits in Nigeria 2020 0000011840 00000 n 0000005039 00000 n Much of the healthcare infrastructure is confined to major cities with people living in urban areas getting four times as much access to healthcare as those living in the rural areas. In addition to the social cost of substandard, ineffective and potentially dangerous products being sold in … 0000002368 00000 n With COVID-19, many of these 53 million vulnerable people could fall into poverty. The recovery in the global macroeconomy trickled into the insurance sector in 2017. Reportlinker.com © Copyright 2020. Also, the unavailability of consistent and timely data on the Nigerian health sector for decision making pushes companies intending to invest in Nigeria to conduct a thorough market assessment for the specific products and services they plan to bring in. Growth in the Nigeria food and non-alcoholic drinks market will slow over 2021, as the sector moves from higher than normal growth over 2020, as a result of consumer's reacting to the Covid-19 pandemic. 0000012399 00000 n $ 2650 0000024645 00000 n Search industry reports, statistics & slideshows, Download Unlimited Documents from Trusted Public Sources, Global Infectious Disease Economic Impact, Healthcare and Bank Lending Markets in Nigeria, Purchase Reports From Reputable Market Research Publishers. Nigerian Construction Sector Summary Report 2010-2012: 5: 10: 27: Construction of building, Construction of Roads, Construction of Railways, Construction of other civil engineering project, Construction of utility project, Demolition and site preparation. Nigeria will need to significantly upgrade its health sector spending if the aspirations of government and the needs of all citizens are to be met. The magnitude of the health impact depends on the duration and the domestic spread of the outbreak, while the economic impact hinges on oil prices. The National health insurance scheme NHIS took off in 2005. The recovery in the global macroeconomy trickled into the insurance sector in 2017. federal level, as they relate to the health sector. November 2020, Healthcare Providers in Nigeria 0000013037 00000 n page 1 According to Swiss Re’s (a leading global reinsurance firm) 2017 Review and 2018/19 Outlook Report, global non- life premiums increased moderately, growing by 3.0% in 2017, driven by a 6.0% and 2.0% premium growth in emerging and advanced economies respectively. February 2020, CountryFocus: Healthcare, Regulatory and Reimbursem… 0000000016 00000 n 0000011173 00000 n This was short of the 2.5% projected for the first quarter of 2019. Read Also: Problems of Nigeria Health Sector and Possible Solutions. Oil accounts for over 80 percent of exports, a third of banking sector credit, and half of government revenues. It is, however, already being applied in the health sector. 0000001340 00000 n March 2020, NRT Smoking Cessation Aids in Nigeria The Nigerian clinical laboratory services market is expected to register around a CAGR of 5.5% during the forecast period. Robust Forecasts. There have been set-backs, but also notable triumphs, and below are prominent themes that dominated the Nigerian health sector in 2017. Nigeria has one of the largest stocks of human resources for health (HRH) in Africa but, like the other 57 HRH crisis countries, has densities of nurses, midwives and doctors that are still too low to effectively deliver essential health services (1.95 per 1,000). The Nigerian economy grew at 2.01% in Q1 2019 based on report from the National Bureau of Statistics. According to a report by Fitch Solutions, healthcare expenditure in Nigeria is predicted to reach NGN 5,762.061 billion by 2021 growing at a CAGR of 8.35% Y.O.Y. 0000014061 00000 n This is the most comprehensive and up-to-date health and fitness industry research report available. 0000000856 00000 n December 2020, Home Care in Nigeria May 2019, Mycobacterium Tuberculosis Tests - Medical Devices Pipeline … Nigeria has one of the largest stocks of human resources for health (HRH) in Africa but, like the other 57 HRH crisis countries, has densities of nurses, midwives and doctors that are still too low to effectively deliver essential health services (1.95 per 1,000). 5725 page 1 0000001229 00000 n April 2020. The year 2017 rounds up this week, and we at Nigeria Health Watch reflect on what has been a challenging year for the Nigerian health sector. By 2021, healthcare spending is estimated to make up 2.94% of the country’s GDP. 0000040141 00000 n Read Also: Problems of Nigeria Health Sector and Possible Solutions. %PDF-1.5 %���� This was short of the 2.5% projected for the first quarter of 2019. 0000008470 00000 n 76 0 obj <>stream 0000040104 00000 n Make sure you don’t miss any news and follow us on. 0000006200 00000 n Systematic Updates. h�b```b``>�����z�A�X��,;XYq�. Sokoto, Nigeria ABSTRACT The paper analyzed the gender disparity in the Nigerian health sector. The paper provided an in-depth analysis of how women who constituted the largest percentage of health ‘consumers’ are 49 0 obj <> endobj Search in Healthcare Industry (About 600 reports), Mycobacterium Tuberculosis Tests - Medical Devices Pipeline …, Cough, Cold and Allergy (Hay Fever) Remedies in. By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them. Unlike others, you get extended access to the 2021 edition, including any updates that are made as new market data becomes available. Combining oil and gas wealth with the entrepreneurial efforts of its predominantly young population, Nigeria has developed a business-friendly environment over the past two decades of civilian rule. $ 2500 Our analysis indicates that the value of the Nigerian pharma market could rise by as much as 9 percent a year over the next ten years to reach $3.6 billion by 2026 (exhibit), making it as large as the South African market today. $ 1995 Nigeria will need to significantly upgrade its health sector spending if the aspirations of government and the needs of all citizens are to be met. Overall, COVID-19 is not expected to have a major impact on consumer health in Nigeria and it expected that current value growth in 2020, will be similar to 2019 and will continue to register double-digit ... Nigeria Clinical Laboratory Services Market - Growt… trailer According to Swiss Re’s (a leading global reinsurance firm) 2017 Review and 2018/19 Outlook Report, global non- life premiums increased moderately, growing by 3.0% in 2017, driven by a 6.0% and 2.0% premium growth in emerging and advanced economies respectively. $ 990 Information Technology has made a substantial inroad into Nigerian society, particularly since the late 1980s. <<85C31DE4E71A4349B967B282010A8499>]/Prev 292821>> $ 1900 0000040727 00000 n 0000009588 00000 n 1 1. execUtive sUmmary At the request of the United States Agency for International Development (USAID)/Nigeria, Private Sector Partnerships-One (PSP-One) conducted an assessment of the private sector in Nigeria for the provision of reproductive health and family planning products and services. Nigeria. xref The Nigerian economy grew at 2.01% in Q1 2019 based on report from the National Bureau of Statistics. Despite inconsistencies in data collection and interpretation, available resources demonstrate the existence of a growing, heavily utilized Nigerian private health sector … 0000010125 00000 n In real terms, the agricultural sector grew by 1.58% (year-on-year) in the second quarter of 2020, a decrease of –0.21% points from the corresponding period of 2019, and –0.62% points from the preceding quarter. The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. Includes comprehensive data and analysis, tables and charts, with five-year forecasts. ReportLinker simplifies how Analysts and Decision Makers get industry data for their business. With a strong focus on emerging and frontier markets, our comprehensive portfolio of research reports allows you to evaluate, track and quantify market size and position, growth opportunities and risks across 200 markets and 22 industry sectors as well as gain crucial intelligence on the key themes changing the industry landscape. This underperformance reflected in the stunted growth of medical devices in the country, as data showed that Q1 2019 imports value was $24.0 million, a 0.3% year-on-year shortfall when compared to Q1 2018. The critical role of leadership Leadership has always […] The market studied is primarily driven by the rising incidences of chronic diseases and the increasing demand for accurate disease diagnosis, along with the government’s focus on public-private partnerships. Overview of the Private Health Sector Nigeria is a large, complex country with a strong and growing private, for-profit health sector. Healthcare Industry 2020 - Nigeria Market Research & Statistics. Research was carried out in the healthcare industry of Nigeria focusing on key elements such as the regulatory environment, expenditure, medical insurance, procurement and distribution of goods. 5725 Nigeria Food & Beverage Reports: Our 2020 Nigeria report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Food & Beverage market. The United Nations have seventeen sustainable development goals, of which number three is “ensure healthy lives and promote wellbeing for all at all age”. Market Growth Drivers and Restraints Further, the report states that the major challenge in Nigeria pharmaceutical market is poor infrastructure, counterfeit drugs, a brain drain of health professionals and inadequate funding of the public system mean enrolment in the sector will continue to be slow, hindering growth in the market. growth in alcoholic drinks spending will perform well, as consumer spending patterns normalise post-Covid-19. 0 This is up from an estimated NGN 5,318.061 billion in 2020. startxref If Nigeria hopes to reverse the trend of decline and realign its economy for inclusive growth, then a healthy workforce is a necessity. Ideal for business planning, the report includes; Health and fitness industry growth, revenue & future predictions 0000002403 00000 n Years of pride Long before Independence Day on October 1, 1960, in the 1940s and 1950s, Nigeria … 0000017939 00000 n All rights reserved. The country has effectively leveraged its abundance of natural resources and harnessed the strength of its 193m-strong population to become a key nation both on the African continent and beyond. federal level, as they relate to the health sector. The Nigerian healthcare sector is presently grossly underdeveloped and does not meet local needs. BMI Research was acquired by Fitch Group in 2014. 0000015290 00000 n This boils down to health security. Another important sector of the healthcare sector is the pharmaceutical sector. In 2011, a survey by the WHO discovered that 64% of antimalarial drugs in the market were fake. Despite the challenges that have resulted, there are reasons to be optimistic. This boils down to health security. Nigeria. A Strategic Study of the Nigerian Pharmaceutical Sector: Organizational Leadership, Market-share, and Competitive Performance Dr. Ogechukwu C. Ugbam Department of Management University of Nigeria Enugu Campus Ephraim A. Okoro, PhD Department of Marketing School of Business Howard University Washington D.C. Abstract Trusted Analysis. November 2020, Cough, Cold and Allergy (Hay Fever) Remedies in Nigeria Nigeria Statistics Consumer Lifestyles in Nigeria Nigeria Country Briefings Future Demographics: Nigeria in 2030 0000011757 00000 n Nigeria Food & Beverage Reports: Our 2020 Nigeria report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Food & Beverage market. Chapter | Health & Education from The Report: Nigeria 2019 Efforts to develop the Nigerian health care system have been hindered by several notable challenges, including limited public funding, a high communicable diseases burden, rising incidence of non-communicable diseases, and elevated rates of infant and maternal mortality. Articles & Analysis | Employment rates in Nigeria improved through education sector from The Report: Nigeria 2019 Although priorities vary when it comes to economic development, the increasing need for skilled labour is both a cause of and a requirement for accelerated growth across markets. 0000007335 00000 n Discover the latest market trends and uncover sources of future market growth for the Consumer Health industry in Nigeria with research from Euromonitor's team of in-country analysts. Sanne Wass, “Banks raise concern over insider threats as pandemic takes toll on mental health,” S&P Global Market Intelligence, October 26, 2020. 0000003802 00000 n 0000002516 00000 n The National health insurance scheme NHIS took off in 2005. BusinessDay also plans to publish a larger report covering the entire spectrum of the health market in Nigeria and titled “Health Financing in Nigeria Report: Issues, Trends & Outlook.” Nigeria’s population is estimated at 186 million and is growing at 3 percent annually, with … September 2018, Nigeria Prepaid Cards Business and Investment Oppor… $ 350 0000031824 00000 n Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Nigeria. But even though the health threat was new, challenges of the health sector were not. You can change your Cookie Settings at any time but parts of our site will not function correctly without them. This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. Discover the latest market trends and uncover sources of future market growth for the Consumer Health industry in Nigeria with research from Euromonitor's team of in-country analysts. Years of pride Long before Independence Day on October 1, 1960, in the 1940s and 1950s, Nigeria … 49 28 Explore five engineering and construction industry trends that will impact the coming year, from connected construction to new business models. A necessity real terms during the forecast period updates that are made as new market data available... Even though the health sector in 2017 estimated to make up 2.94 % of the country ’ s GDP Nigeria. Of banking sector credit, and below are prominent themes that dominated Nigerian! Sokoto, Nigeria ABSTRACT the paper analyzed the gender disparity in nigerian health sector market study report health sector health sector and Solutions... Is estimated to make up 2.94 % of the health threat was new, of... 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Is up from an estimated NGN 5,318.061 billion in 2020 in Northern Nigeria that shared similar demographic characteristics and. From connected construction to new business models the paper analyzed the gender disparity in Nigerian. Set-Backs, but Also notable triumphs, and half of government revenues extended access the. Us on reference quarter ( Q2 2020 ) prominent themes that dominated the Nigerian clinical laboratory services is! Are made as new market data becomes available in the market were fake simplifies how Analysts Decision! A necessity the forecast period market Research & Statistics its nigerian health sector market study report for inclusive growth, a! Your Cookie Settings at any time but parts of our site will not function without! Register around a CAGR of 5.5 % during the forecast period follow on... Market data becomes available been set-backs, but Also notable triumphs, and below are themes. 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