This report was created to provide an overview of the healthcare industry in South Africa, tailored to both local and global start-ups that wish to understand the market and need for HealthTech products and solutions. The sector analysis report and infographic provide an overview of the key institutions, individuals, and stakeholders in the South African healthcare ecosystem. It introduces government departments, such as the National Department of Health and the Western Cape Department of Health, along with key figures like the Minister of Health and the Health Director-General. It also indicates some key statistics such as government expenditure on health, the number of HealthTech start-ups operating in this space, as well as the amount of funding provided to start-ups in the sector. Our research highlights the differences between the private and public health services and looks at the top five medical aid schemes in the country, whether open to any paying member or restricted to specific government or company employees or specific professions. The report presents the critical outcomes desired by South Africa’s National Digital Health Policy and new government initiatives for 2023-2024, outlining critical challenges for HealthTech companies to solve, while shedding light on the initiatives and opportunities in the country’s digital health landscape.
This report emphasises the importance of collaboration and engagement between start-ups, corporations, and the government in South Africa’s healthcare sector. It provides a snapshot of the HealthTech industry, looking at the number of start-ups, government spending on healthcare, funding for start-ups and the projected value of the market. Our research provides an overview of:
In summary, our research shows that HealthTech start-ups have vast potential and significant opportunity to scale across South Africa and into Africa. This analysis provides a glimpse into the healthcare system, the government’s focus on digital health, and the exciting possibilities for transforming healthcare. It uncovers numerous chances for collaboration and innovation in the industry, encouraging HealthTech start-ups to establish or grow their businesses in South Africa and tap into the thriving healthcare market in Africa.