Trinidad and Tobago - Medical Equipment Trinidad & Tobago - Medical Equipment
Overview
TT does not manufacture any type of medical equipment and is a net importer. The principal purchaser of medical equipment in TT is the public sector health care system through the Ministry of Health. It receives funding from central government through taxation, but is managed as five separate regional health authorities (RHAs): North West RHA, North Central RHA; South West RHA, Eastern RHA, and Tobago RHA.
The private health sector is funded through health insurance and increasingly, self-paying patients. Its strengths lie in the provision of secondary and tertiary care in fields not traditionally offered by the public hospitals (e.g. cosmetic surgery and care homes) or where public sector service is limited (dental care). The nature of the TT health care market means that private growth is closely linked to public sector performance.
TT has an aging population with high levels of obesity, diabetes, and heart disease. TT would like to become a regional medical tourism hub. The government constructed five new hospitals/clinics in as many years and has a couple more hospital construction projects planned.
Leading Sub-Sectors
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Assistive technologies
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Electronic monitoring equipment
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Home care technology
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Rehabilitation equipment
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Diagnostics
Opportunities
Opportunities exist for companies to supply private hospitals, residential, and nursing facilities, as well as home care service providers with equipment, both new and pre-used.