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Libyan Medical Market Report

The Medical Technology Blog

In the light of recent world developments, Espicom Business Intelligence has just released a new report entitled The Libyan Medical Market: Status & Post-Conflict Opportunities. This report has been compiled from novel forecasts and original materials to give a complete overview of the Libyan health market. Together with the fall of the Gaddafi regime as well as the expected introduction of a more open-handed democratic government, it is time to scrutinize Libya’s medical market economy in the region, examine the way it may develop, and assess the impacts for medical technology companies.

Libya is a small but oil-rich country in North Africa. Under the personal rule of Muammar Gaddafi from 1969 to 2011, it developed an eccentric mixture of socialism and Islam. The country was largely isolated from the international community due to its terrorist links, although Gaddafi made concerted and largely successful moves to re-engage with the West in the 2001-10 period.

2011 saw a bloody but ultimately successful rebellion against Gaddafi’s rule, caused by declining living standards over the past two years, and inspired by the Arab Spring uprisings in neighbouring countries such as Egypt and Tunisia. Aided by NATO airpower, anti-Gaddafi forces based in Libya’s second city, Benghazi, were able to take Tripoli in August 2011, and the whole country by October.

Libya’s oil wealth has enabled it to create a reasonably comprehensive healthcare system, but spending remains low in comparison with other oil-rich countries of comparable income such as Saudi Arabia. There is therefore considerable scope for expansion and modernisation in the future. There is no private insurance as such, so local people are largely reliant on the public hospital system. There is a well-equipped private sector, which caters for wealthier locals and workers in the oil industry.

The 2011 fighting has caused serious dislocation in the health sector, at the same time as placing great strains upon it. Some facilities have been directly damaged, while others have faced shortages of power, equipment, supplies and personnel. Most services have remained open, however, and the transitional council in Benghazi established a health ministry early on, in order to restore some normality. Shortages have become far less acute in the latter part of 2011, helped by short term overseas aid and the unlocking of public funds for use by the transitional government.

Libya makes some drugs locally, but has no significant domestic production of medical equipment, so all its requirements have to be met by imports. These were boosted by the thawing of relations with the EU and USA in 2003-04, since when direct trade became far easier. Imports peaked at just under US$200 million in 2009, but fell back in 2010 to US$146 million or US$22 per capita. Around three quarters is sourced from the EU, principally Germany and Italy. Despite the fall in 2010, Libya remains by some margin the leading African importer of medical equipment in per capita terms, ahead of larger economies such as South Africa or Egypt.

Understandably, the fighting in 2011 had a severe effect on the Libyan medical market. Imports shrank to almost nothing in the March to July period when trade became difficult, not least due to the freezing of government finance. With the fall of Tripoli in August and the death of Gaddafi in October, some much-needed stability has returned and a rapid rebound to pre-2011 levels of spending can be expected as the new government – and the private sector – restock and re-equip. Looking further forward, Libya has the opportunity to use its oil wealth to create a sophisticated and advanced health sector in the style of the Gulf states, assuming a degree of political will and ongoing political stability. The latter is far from a certainty, but the prospects appear far brighter post-Gaddafi than under his rule.

To purchase, or read more on this new report please click on the link to The Libyan Medical Market: Status & Post-Conflict Opportunities.


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The Medical Technology Blog

In today’s post on the Medical Technology Blog,  is a list of Espicom’s most recent reports from July to the present day, I have included our Pharmaceutical reports as well in case there’s an area of interest for anyone, please click on the links below to be taken to the relevant report page;

Medical:

  1. Global Advanced Wound Care Market to 2015 – Competitor Analysis *

  2. Orthopaedics – Surveying the Global Orthopaedics Market Landscape *

  3. Who’s Developing What in Cardiovascular Devices in 2010

  4. Orthopaedic Markets in Western Europe 2010

  5. The Global Market for Orthobiologic Products

  6. The African Medical Device Market: Facts and Figures 2010

  7. Effectively Selling Medical Equipment in Western Europe

  8. The World Medical Markets Fact Book 2010

  9. World Medical Market Forecasts to 2015

  10. All Change in the Coronary Stent Market

* Denotes latest reports

Pharmaceutical:

  1. Global Biosimilars: Identifying 2nd Generation Opportunities *

  2. Drug Delivery – Surveying the Global Competitive Landscape *

  3. Pharmaceutical Companies Performance Tables 2010 *

  4. Cancer Drug Blockbusters – Prospects & Challenges for Cancer Drugs

  5. Multiple Sclerosis Drug Discoveries – What the Future Holds

  6. Epigenetics – Current & Future Applications

  7. MRSA Drug Futures

  8. Biomarkers – Applications & Trends

  9. The World Pharmaceutical Markets Fact Book 2010

  10. Lung Cancer: Global Incidence, Prevalence and Mortality to 2015

  11. The Indian Pharmaceutical Industry 2010: Strategies in a Changing World

* Denotes latest reports

Thanks for reading, Paul Espicom Business Intelligence.

Do you have a medical technology subject or device that you would  like a report or article written for? If so contact me directly at paul_hoff@espicom.com

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Espicom Business Intelligence

Espicom Business Intelligence – New Medical & Pharmaceutical Reports List

The Medical Technology Blog

In today’s post on the Medical Technology Blog,  is a list of Espicom’s most recent reports from July to the present day, I have included our Pharmaceutical reports as well in case there’s an area of interest for anyone, please click on the links below to be taken to the relevant report page;

Medical:

  1. Global Advanced Wound Care Market to 2015 – Competitor Analysis *

  2. Orthopaedics – Surveying the Global Orthopaedics Market Landscape *

  3. Who’s Developing What in Cardiovascular Devices in 2010

  4. Orthopaedic Markets in Western Europe 2010

  5. The Global Market for Orthobiologic Products

  6. The African Medical Device Market: Facts and Figures 2010

  7. Effectively Selling Medical Equipment in Western Europe

  8. The World Medical Markets Fact Book 2010

  9. World Medical Market Forecasts to 2015

  10. All Change in the Coronary Stent Market

* Denotes latest reports

Pharmaceutical:

  1. Drug Delivery – Surveying the Global Competitive Landscape *

  2. Pharmaceutical Companies Performance Tables 2010 *

  3. Cancer Drug Blockbusters – Prospects & Challenges for Cancer Drugs

  4. Multiple Sclerosis Drug Discoveries – What the Future Holds

  5. Epigenetics – Current & Future Applications

  6. MRSA Drug Futures

  7. Biomarkers – Applications & Trends

  8. The World Pharmaceutical Markets Fact Book 2010

  9. Lung Cancer: Global Incidence, Prevalence and Mortality to 2015

  10. The Indian Pharmaceutical Industry 2010: Strategies in a Changing World

* Denotes latest reports

Thanks for reading, Paul Espicom Business Intelligence.

Do you have a medical technology subject or device that you would  like a report or article written for? If so contact me directly at paul_hoff@espicom.com



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