Medical Devices Production

Medical Devices Production

Photo by Economic Development Board (EDB)

Medical Devices Production
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Medical Technology
Business Model Description

Design and manufacture medical devices such as catheters, medical balloons and stents that are utilized in various branches of medicine, including cardiology, radiology, gastroenterology and urology, which are competitive across global markets, including North America, South Eastern Asia and Western Europe.

Expected Impact

Increase self-sufficiency of the health care system, accessible at affordable costs, and expand regional supply chains to advance export potential.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
15% - 20% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Reduced Inequalities (SDG 10) Decent Work and Economic Growth (SDG 8)
Sector Sources
  • 1) Ministry of Foreign Affairs, Regional Integration and International Trade. 2019. Voluntary National Review Report of Mauritius. 2) International Trade Administration. 2018. Healthcare Resource Guide: Mauritius. 3) Republic of Mauritius - Ministry of Health and Wellness. 2020. Health Sector Strategic Plan 2020-2024. 4) Republic of Mauritius Ministry of Finance, Economic Planning and Development - Statistics Mauritius. 2020. How Do Mauritians Feel About Their Health? 5) Economic Development Board Mauritius. 2021. Healthcare. 6) Government of Mauritius. 2021. Budget Speech 2021 – 2022 Better Together. 7) International Trade Administration. 2021. Mauritius - Country Commercial Guide Biotechnology. 8) International Trade Administration. 2020 Mauritius - Country Commercial Guide Medical Equipment.,Mauritius%2C%20employing%20approximately%20600%20people. 9) Republic of Mauritius Ministry of Health and Wellness. 2020. Annual Report on Performance for Financial Year 2019-2020. 10) Republic of Mauritius Ministry of Health and Wellness. 2020. Health Statistic Report 2020 Island of Mauritius and Rodrigues. 11) Economic Development Board (EDB). 2021. Site Visit at Natec Medical. 12) Ministry of Industrial Development, SMEs and Cooperatives & United Nations Conference on Trade and Development (UNCTAD). Industrial Policy and Strategic Plan 2020-2025.
IOA Sources
  • 13) Natec Medical. 2021. Natec Corporate Annual Report 2020-2021. 14) Natec Medical. About, What does NATEC do?. 15) Mauritius Hindi News. 2021. Medical devices: Natec Medical in the expansion phase – Le Mauricien. 16) Envaste. History.,27. 17) Dun and Bradstreet. Envaste Ltd Overview. 18) Dun and Bradstreet. LILMO LTD Overview. 19) Economic Development Board. 2019. Unlocking the potential of Mauritius’ healthcare & medical devices industry. 20) Omnia Health. 2019. Healthcare in Sub-Saharan Africa: What are the answers?. 21) Euromonitor International. 2018. Top Countries to Drive Medical Device Manufacturing. 22) Government of Mauritius. 2020. Best practices and experience of Mauritius’ preparedness and response to COVID-19 pandemic. 23) World Health Organization (WHO). 2016. Towards improving access to medical devices through local production Phase II: report of a case study in four sub-Saharan countries. 24) Macro Trends. World Life Expectancy 1950-2022. 25) Statistic Mauritius. 2020. Database on Quality of Life. 26) World Health Organization. Mauritius. 27) Republic of Mauritius Ministry of Health and Wellness. 2019. Health Statistic Report 2019. 28) Statistic Mauritius. 2020. UN SDG Database (2010-2020). 29) Ministry of Finance and Economic Development. 2019. Statistics Mauritius: Household Budget Survey 2017, Analytical Report. 30) Trading Economics. Mauritius - Medium And High-tech Industry (including Construction) (% Manufacturing Value Added). 31) Republic of Mauritius. 2017. Mauritius National Export Strategy Innovation Cross-Sector 2017-2021.,%20Innovation.pdf. 32) Ajoy Nundoochan1, Yusuf Thorabally, Sooneeraz Monohur and Justine Hsu. International Journal for Equity in Health. 2019. Impact of out of pocket payments on financial risk protection indicators in a setting with no user fees: the case of Mauritius. 33) World Bank. 2019. Out-of-pocket expenditure (% of current health expenditure) - Mauritius. 34) Laurent Musango1, Maryam Timol, Premduth Burhoo, Faisal Shaikh, Philippe Donnen and Joses Muthuri Kirigia. BMC Health Services Research. 2020. 35) Wipro. Basic Principles of Risk Management for medical device design. 36) Ebme. 2017. Hazards of Medical Electrical Equipment. 37) Manufacturing Chemist. 2021. Safety and sustainability in medical device manufacturing. 38) BioSpace. 2021. Global Warming Impact of “Single-Use” Medical Device Cut in Half When Reprocessed Device Used Instead, According to Newly Published Research in Sustainability. 39) Green Light, by QRA Corp. 2019. 4 Biggest Challenges in Medical Device Manufacturing (And How to Overcome Them). 40) Corporate and Business Registration Department (CBRD). 2021. Information about NATEC MEDICAL LTD. 41) Corporate and Business Registration Department (CBRD). 2020. Information about FCI-SUD LTD. 42) World Health Organization. 2017. WHO list of priority medical devices for cancer management. 43) World Health Organization. 2015. Systematic review of needs for medical devices for ageing populations. 44) World Health Organization Africa. 2020. New Cancer Cases on the decrease in Mauritius. 45) Ministry of Industrial Development, SMEs and Cooperatives (Industrial Development Division)-UNCTAD. 2020. Industrial policy and strategic plan for Mauritius (2020-2025). 46) EDB. 2021. Clinical Trials Guidelines. 47) President of the Republic of Mauritius. 1925. The Public Health Act 1925. 48) President of the Republic of Mauritius. 2018. Human Tissue (Removal, Preservation and Transplant) Act 2018. 49) President of the Republic of Mauritius. 2017. Allied Health Professionals Council Act 2017. 50) President of the Republic of Mauritius. 1983. The Pharmacy Act 1983. 52) Economic Development Board. Manufacturing Industry. 52) Economic Development Board. Manufacturing Industry, Attractiveness of Mauritius. 53) Prime Minister's Office, News. 2021. Launching of the Côte d’Or Data Technology Park. 54) World Health Organization. Medical Devices: Managing The Mismatch An Outcome Of The Priority Medical Devices Project. 55) Natec Medical Ltd. 2021. Natec Medical Ltd. Corporate Report 2020 - 2021. 56) Defimedia. 2022. Perspectives : le secteur manufacturier appelé à élargir ses horizons. 57) ICT Export Portal. ICT Habitats and Technology Parks. 58) 2019. Mauritius - Port Expansion. 59) UN Habitat, Wiomsa. 2021. City Case Study Port Louis. 60) Ajoy Nundoochan, International Journal for Equity in Health. 2020. Improving public hospital efficiency and fiscal space implications: the case of Mauritius.