This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 6/20/2016



                                                                                                                                  Unit:  USD thousands






Total Market Size





Total Local Production





Total Exports





Total Imports





Imports from the U.S.





Exchange Rate:   1 USD





Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
Data Sources: 
Total Local Production:   Nigerian Medical Association, Manufacturers Association of Nigeria (MAN) and National Association of Chambers of Commerce.
Total Exports:   Nigerian Medical Association, Manufacturers Association of Nigeria (MAN) and National Association of Chambers of Commerce.
Total Imports:   BMI Report.
Imports from U.S.:   U.S. Census Bureau.
Compared to South Africa’s sophisticated healthcare infrastructure, the Nigerian medical system is still underdeveloped and lacks modern facilities.  As a result, the country loses at least $1.5 billion every year to medical tourism according to the Nigerian Medical Association (NMA).  Of this figure, India accounts for more than half from nearly 5,000 Nigerian patients.  Prospects therefore, exist for investment in hospitals and clinics with treatment capabilities and cutting edge medical technologies.  Though a report by Business Monitor International (BMI) indicated that the medical devices market in Nigeria exhibited strong growth between 2011 and 2014 due to the rehabilitation of public healthcare facilities at the Local Government, State and Federal levels under the country’s National Strategic Health Development Plan (2010-2015), falling oil prices which has currently resulted to dwindling national income, has caused declining medical devices import.  Virtually all the market needs is supplied by imports.  However, market demand which has remained strongest for diagnostic equipment such as Magnetic Resonance Imaging (MRI), Computed Tomography scan (CT), Digital X-Ray, Ultrasound, Mammography and Ultrasound Scans, and other diagnostic technologies, will sustain.
European brands have had a strong foothold in Nigeria, but the past couple of years have seen a significant rise in U.S. market share especially due to GE Healthcare’s aggressive in-country marketing.  The market for used medical devices is relatively significant.  Most private clinics cannot afford new equipment and settle for used.  China is a dominant supplier of very basic, low tech tools which most private clinics can afford.  All medical devices and medicines entering Nigeria must first be registered with the National Agency for Food and Drug Administration and Control (NAFDAC) prior to import.  A zero import duty applies to all medical equipment per legislation but according to the President of the Healthcare Federation of Nigeria (HFN), in reality, an importer could pay rates reaching up to 10%.

Sub-Sector Best Prospects

Local drug manufacturing companies are largely involved in making over-the-counter (OTC) drugs because they have limited capacity to produce prescription medicines.  Opportunities exist for export of prescription drugs and active ingredients used for making OTC medicines.  Medical disposables especially those for testing for malaria parasites, drug abuse, and infectious diseases such as HIV/AIDS and tuberculosis will also do well in Nigeria.  The dearth of medical expertise in Nigeria’s health sector provides a big prospect for American companies involved in medical training and education.


America’s best prospects are in the supply of new and used diagnostic equipment such as Magnetic Resonance Imaging (MRI), Computed Tomography scan (CT), Digital X-Ray, Ultrasound, Mammography, ultrasound scans.  Demand is gradually growing for anesthesia equipment, infant and maternal care technologies as well as mortuary equipment.  Opportunities are also emerging in the area of hospital administration, management and consulting services.
Falling oil prices which have been responsible for the high Naira-Dollar exchange rate recently caused a slump in demand for imported goods including healthcare products in 2016.

Web Resources
For more sector information, e-mail:   Chamberlain Eke, Commercial Specialist, U.S. Commercial Service, Nigeria, Nigeria at

Local Trade Shows

Medic West Africa
October 12-14, 2016
Eko Convention Center
Victoria Island, Lagos

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More Information

Nigeria Healthcare Trade Development and Promotion