Your business is considering the medical facility products market in the North West province, which is worth about R1.7 million. This market is relatively small and not growing, with zero year-over-year growth, so you'll need to be strategic to gain traction. With only 6 suppliers currently operating in this space, it's not overly crowded, which could favour your organisation if you can offer something unique. The fact that there's only 1 department involved in procurement also simplifies the process. If I were you, I'd focus on building a strong relationship with this department to increase your chances of securing a contract in this market.
Market Size
R2M
Suppliers
6
Departments
1
Avg Transaction
R287K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
Spending Trend
2018/19
R6M
2019/20
R2M
2020/21
R10M
2021/22
R13M
2022/23
R18M
2023/24
R21M
2024/25
R6M
2025/26
R2M