Foameddms

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https://www.myjoyonline.com/98-of-medical-devices-disposables-and-equipment-are-imported-manufacturers-and-suppliers/

98% of medical devices, disposables and equipment are imported – manufacturers & suppliers call for action - MyJoyOnline.com Ninety-eight per cent of all medical devices, disposables and equipment products used in the country are imported, the Federation of Africa Medical Equipment, Disposables and Devices, Manufacturers and Suppliers (FOAMEDDMS) has said.

98% OF MEDICAL DEVICE, DISPOSABLES AND EQUIPMENT ARE IMPORTED – MANUFACTURERS & SUPPLIERS CALLS FOR ACTIONA whooping Ninety Eight Percent (98%) of all medical device, Disposables and equipment products used in Ghana are imported. These include Medical Consumables, Diagnostic Imaging Equipment, Dental Devices, Orthopaedic products, prosthetics and many more.This is according to data from the Federation of Africa Medical Equipment, Disposables and Devices, Manufacturers and Suppliers (FOAMEDDMS). Speaking at a forum organized by the Pharmaceuticals Export Promotion Council of India (Pharmexcil), the Chief Executive Officer of the Federation of Africa Medical Equipment, Disposables and Devices, Manufacturers and Suppliers (FOAMEDDMS) Mr. Anthony Ameka said medical devices constitute the largest product area, accounting for over 60% of all importations within the health sector.He indicated that globally, medical device industry is poised for steady growth, with global annual sales forecast to rise by over 5 percent a year and reach nearly US$800 billion by 2030Mr. Ameka further called for rapid action from government and other relevant partners to whip up local production of Medical Equipment, Disposables and Devices.“Availability of forex is key to this sector because about 98% of medical device products are imported into the country, Therefore, the sector requires over $65 million in FX annually” he said.He said, the consumable market of the medical devices sector is expected to expand by 2025 CAGR of 12.3% in local currency terms, which should see increase to GHS225.2mn and in USD33.6mn by 2025. He added that the diagnostic imaging market is also expected expand by a 2020-2025 CAGR of 11.8% in local currency terms to GHS136.7mn by 2025. As the sector generates most of its revenues in Cedis, fluctuations in exchange rate affects cost of sales. Because of the key player’s exposure to volatility in the local currency to foreign currencies especially the dollar, the use of derivative hedging strategies and forward contracts are employed to minimize the effect of currency fluctuations. The CEO of the Federation also used the opportunity to admonish Indian investors to boost investment in the medical consumables, equipment and devices industry by partnering with local counterparts as Ghana has a strong growth prospect, fueled by the expansion of health infrastructure like government intention to increase health infrastructure under the Agenda 111 District and Regional Hospitals due to the aftermath of the coronavirus pandemic and a growing middle class. The sector requires over $65 million in FX annually” he said.The India – Ghana webnar cm B2B session was organized under the auspices of the Pharmaceuticals Export Promotion Council of India (Pharmexcil) and Indian High Commission in Ghana. Key stakeholders like the Indian High Commissioner to Ghana His Excellency Sugandh Rajaram, Director General of Pharmaceuticals Export Promotion Council of India (Pharmexcil) Ravi Udaya Bhaskar, the Director of Drug and Herbal Medicine Registration of the Ghana Food and Drugs Authority Dr. Samuel Asante Boateng and a Deputy of Procurement and Supplies of the Ghana Health Service Paul Gawu.The forum also availed the opportunity for pharmaceutical and Healthcare industry players from both Ghana and India to build bonds with the ultimate aim of partnership for local production as well as importation.Some of the participants expressed their gratitude to the organizers for the opportunity and pledged their support to continually support the health sector and its core mandate of serving the people of Ghana.

We at the Federation of Africa Medical Equipment, Disposable and Devices Manufacturers and Suppliers (FOAMEDDMS) are pleased you are considering membership.

The FOAMEDDMS provides exceptional support for its members through networking, advocacy and trade promotion. As a strong, reputable and the most recognised voice of the Africa business community, FOAMEDDMS directly engages with the Africa governments, policymakers, opinion leaders and all relevant stakeholders by lobbying and advocating on the interests and concerns of our members. The FOAMEDDMS provides members with numerous opportunities to network with like-minded business professionals and creates connections that will be beneficial to your business.

The benefits of joining the FOAMEDDMS can be immeasurable and we do strive to bring personalised value to each member to ensure they truly achieve their goals for joining the FOAMEDDMS.

You can also visit our www.foameddms.com for more information.

Once you have had a chance to digest the information, I am available to discuss the options available for membership and how we can work well together.

Contact us
[email protected]
[email protected]
+233 208 137 288
+233 303 938 157

Best regards,

Federation of Africa Medical equipment, disposable and devices Ensure access to good quality, affordable, and appropriate health products is indispensable to advance universal health coverage, address health emergencies, and promote healthier populations.

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What are its objectives

*OBJECTIVES*

1. To create a platform for evidence-based research focused on the life cycle of health technology innovations and thus provide technical information for appropriate and affordable design solutions to meet clinical outcomes;

2. To collaborate with relevant Stakeholders to provide professional education and training, advocate, and pursue growth opportunities for members and their businesses;

3. To provide innovative, progressive, efficient and cost-effective Health technology solutions to improve health outcomes and the general quality of human life;

4. To encourage Ministries of Health, Procurement Officers, Donors, Technology Developers, Manufacturers, Suppliers, Clinicians, Academics, and the general public to pursue greater investment in appropriate health technologies; and, by so doing, to facilitate movement towards universal access to essential health technologies for majority of populations;

5. To pursue other matters incidental to the above-stated objectives to ensure their realization.
6. Provision of emerging innovative and unmet medical/health technology solutions need to improve health outcomes and the quality of life;
7. Encourage among Ministries of Health, procurement Officers, donors, technology developers, manufacturers, suppliers, clinicians, academics, and the general public to ensure greater investment in appropriate health technology and a move toward universal access to essential health technologies
8. support efforts to establish national Federation s of wholesalers and distributors in Africa
9. To pursue all other matters incidental to the above for the achievenment of our objective

What does FOAMEDDMS stadium for - Federation of Africa Medical equipment, disposable and devices (FOAMEDD) manufacturers and Suppliers

Or

Fédération Africaine des Equipements, Jetables et Dispositifs Médicaux (FOAMEDD)
Fabricants et Fournisseurs