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Commercialisation

In 2009 the South African medical device industry was estimated to be worth $700 million. The South African market consumes a wide diversity of products: from disposable bandages to expensive capital items, most of which are imported. Large multinationals dominate the import market as well as manufacturing of disposable products. Local manufacturers make up less than 5% of an industry that has a forecasted CAGR of 7.5% to 2013.

International trends show that companies with a portfolio of products are more likely to succeed past 5 years of operations. Local South African manufacturers exhibit a high degree of diversity, competitiveness and ultimately instability with the majority being limited to one or two products. Local manufacturing therefore lacks both depth and breadth.

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