MEDEXPO KENYA is the region’s most import medical and healthcare event for medical manufacturing products, equipment, machinery, services and solutions. The exhibition showcases innovative solutions from leading market players for the benefit of buyers from the medical technology industry, from across the East African region. The event is an important stop for buyers from across East Africa seeking new products, equipment, machinery, services and solutions in healthcare.
Kenya is a promising market for medical devices and has been ranked as one of the fastest growing markets in the sub-Saharan Africa region according to Fitch and World Bank reports. The medical device sector is heavily reliant on imports with limited domestic production. Heavy investments in private hospitals coupled with availability of skilled doctors has put the country as a leading medical tourism location in East Africa.
The Kenyan government has introduced new economic measures to aid the healthcare industry. The corporate income tax rate was reduced from 30% to 25%, and the VAT rate was reduced from 16% to 14%. In addition, the government earmarked $400 million in funds for additional health, including enhanced surveillance, laboratory services, isolation units, equipment, supplies, and communication.