The IFC estimated that Africa's healthcare market had reached $35 billion by 2016, with the private sector driving much of the growth.
As public systems are often overstretched, underfunded, and offer poor quality service, private players are stepping into the breach to meet rising consumer demand. The main growth markets are, firstly, private hospitals, and secondly, equipment providers, especially for the detection of non-communicable diseases.
Rising middle classes have driven a steady flow of medical tourism from the African continent to places such as India, Turkey, and the European Union. 40% of the medical tourists that India receives are from Africa, and in 2015, East Africans spent $1 billion on medical services in India alone.