Your business is considering the medical facility products market in the Western Cape, which is worth about R7.3 million. This market is relatively small and not growing, with no year-over-year growth recorded. With only 15 suppliers currently operating in this space, it's not overly crowded, which could be a good opportunity for your organisation. The fact that there's only one department involved in procurement might make it easier to navigate and build relationships. To get started, you should analyse the current suppliers and the types of products they're providing to identify potential gaps in the market that your business could favour.
R7M
15
1
R251K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%