EVALUATING OPPORTUNITIES FOR FURTHER DEVELOPING THE MEDICAL TECHNOLOGY INDUSTRY IN SOUTH AFRICA: A PRODUCT SPACE ANALYSIS

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DOI:

https://doi.org/10.7166/35-1-3001

Abstract

Despite recent gains, South Africa is yet to fully develop its economic potential in the medical technologies industry. Yet it remains uncertain which parts of the extended medical technologies industry South Africa should prioritise. This paper uses the input-output product space (IO-PS) methodology to identify key areas in the medical technologies industry that are likely to unlock the industry’s potential in South Africa. The analysis involved using a hierarchical mapping of the industry as input to the IO-PS analysis. Thereafter, the outputs of the methodology were analysed and interpreted. The most promising products for further development under various scenarios were identified.

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Author Biographies

Walter Nel, Department of Industrial Engineering, Stellenbosch University, Stellenbosch, South Africa

Undergraduate student, Department of Industrial Engineering, Stellenbosch University, South Africa

Wouter Bam, 1 Department of Industrial Engineering, Stellenbosch University, Stellenbosch, South Africa | School of Engineering, The University of British Columbia, Vancouver, Canada

Extraordinary Associate Professor, Department of Industrial Engineering, Stellenbosch University, South Africa.

Assistant Professor, School of Engineering, The University of British Columbia, Canada

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Published

2024-05-31

How to Cite

Nel, W., & Bam, W. (2024). EVALUATING OPPORTUNITIES FOR FURTHER DEVELOPING THE MEDICAL TECHNOLOGY INDUSTRY IN SOUTH AFRICA: A PRODUCT SPACE ANALYSIS. The South African Journal of Industrial Engineering, 35(1), 88–99. https://doi.org/10.7166/35-1-3001

Issue

Vol. 35 No. 1 (2024): The South African Journal of Industrial Engineering

Section

General Articles

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