Nigeria's Healthcare Market to Grow by $161.7M by 2027

The World Health Expo (WHX) has projected that Nigeria's healthcare market will grow by $161.7 million by 2027, reflecting a 7.1% annual expansion rate. This growth is supported by recent public and private sector investments aimed at strengthening healthcare infrastructure and workforce capacity.

The Federal Ministry of Health has committed $1.2 billion to enhance healthcare infrastructure and manpower, particularly focusing on oncology diagnostics to improve access to specialized services. Despite these advancements, a significant structural gap remains, with 70% of healthcare spending financed out-of-pocket, highlighting the need for increased private sector participation.

Nigeria is noted to have the largest share of West Africa's medical device market, projected to grow to $414.8 million by 2025 and $632.48 million by 2030. The WHX will take place in Lagos from June 2-4, 2026, featuring various forums aimed at stimulating investment and collaboration across the healthcare sector.