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Exports of medical devices will profit from Sub-Saharan Africa’s fast economic growth, which is being backed by rising commodity prices and a rise in investor confidence, even if the area is still extremely exposed to political unpredictability. The main business center for Sub-Saharan Africa’s medical device sector is located in South Africa.
Exports of the lab and medical equipment make up a significant component of goods going to other African countries. For the MEA area, spending on medical equipment as a percentage of wealth is around average.
A little over forty per cent of the market is made up of other medical gadgets. Its tremendous development potential stems from its status as a developing market.
The South Africa Medical Devices Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
To assist with COVID-19 patient triage and monitoring using X-ray imaging, Philips Foundation has successfully introduced artificial intelligence (AI) software created by Delft Imaging in 11 South African hospitals.
The AI-based CAD4COVID software from Delft Imaging evaluates the severity and course of COVID-19 illness using commonly available chest X-rays as a supplement to existing COVID-19 diagnostic methods.
To assist COVID-19 patient triaging in resource-constrained settings and high-prevalence locations, CAD4COVID has been created and is available for free usage.
The method is based on the same technical foundation as the CAD4TB TB detection software from Delft Imaging, which has helped screen six million individuals for TB globally.
The solution’s capacity to lessen the stress on healthcare institutions without the resources to handle the surge of COVID-19 patients as well as its capacity to lighten the workload of frontline healthcare personnel were both acknowledged by the Philips Foundation.
The Philips Foundation has funded the introduction of CAD4COVID in 11 South African institutions as part of its aim to help underserved populations have access to high-quality healthcare.