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Medical Device Startups in Africa

Medical device market in East Africa is nascent but growing rapidly. Local business leaders are excited about the potential, citing increasing healthcare spending and a growing middle class. However, challenges remain, including lack of infrastructure and skilled professionals, and competition from foreign multinationals. Key players like Aspen Pharmacare, Vezeeta, and LifeQ are investing heavily, but local startups are also emerging and gaining market share.

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Market Map

13 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
Aspen Pharmacare
Aspen Pharmacare
South Africa

Aspen Pharmacare is a global supplier of branded and generic pharmaceutical products.

$3.8B
Post-IPO Debt
-
5001-10000
No Data
Vezeeta
Vezeeta
Egypt

Vezeeta is a digital healthcare powerhouse that serves and empowers patients in every step of their healthcare journey through data and technology.

$54M
Venture
-
201-500
No Data
LifeQ
LifeQ
South Africa

LifeQ is a SA biotech startup which provides users with access to health information derived from wearable devices.

$47M
Series A
-
51-200
No Data
Ilara Health
Ilara Health
Kenya

Ilara Health provides Affordable technology-powered diagnostics for Africa

$11M
Debt Financing
-
2-10
No Data
MDaaS Global
MDaaS Global
Nigeria

MDaaS Global, builds and operates modern, tech-enabled healthcare facilities for Africa's next billion.

$7M
Seed
-
2-10
No Data
Neopenda
Neopenda
Uganda

Neopenda is a Health Care startup which developes reusable vital signs monitoring devices designed to improve newborn health in low-resource settings.

$2M
Seed
-
2-10
No Data

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