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South Africa Minimally Invasive Surgical Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

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    Report

  • 74 Pages
  • April 2023
  • Region: South Africa
  • Mordor Intelligence
  • ID: 4622265
UP TO OFF until Mar 31st 2024
South Africa’s minimally invasive surgical devices market is poised to grow at a CAGR of 7.3% during the forecast period.

The COVID-19 pandemic has had an impact on a variety of surgical procedures, including minimally invasive surgeries. The number of MIS surgical procedures was down during COVID; hence the demand for MIS surgical devices declined to affect the growth of the studied market. According to the study published in the South African Medical Journal in July 2021, for non-cancer elective cancer and emergency procedures, access was canceled or restricted, and 26 hospitals (30.6%) converted at least one operating room into a ventilated critical care bed. Additionally, according to a study published by Elsevier Public Health Emergency Collection in May 2021, there was a negative impact of COVID-19 on the radiography services in South Africa, delaying the diagnosis and treatment procedures for people suffering from chronic diseases. Thus, during the pandemic, the market studied was severely impacted. Over the forecast period, the market is expected to regain its growth as lockdown restrictions are lifted and normalize surgical procedures.

The major factors for the growth of the South African minimally invasive surgical devices market include the higher adoption rate of minimally invasive procedures over traditional procedures, improved patient quality of life as minimally invasive surgeries help reduce healthcare costs and time, increasing prevalence of lifestyle-related and chronic disorders and technological advancement in the field of minimally invasive surgeries.

Minimally invasive surgeries (MIS) have been reported to cause less post-operative pain; hence, patients receive smaller painkillers. The main advantage that MIS has over traditional open surgeries is higher precision due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population due to the relatively shorter recovery time. These developments have created significant traction for robotic surgeries in several private hospitals in South Africa. For example, Hospital de Trauma Federico Abete, Malvinas Argentinas, and Buenos Aires are providing robotic-assisted surgeries in Argentina. Most initial surgeries performed using these robotic systems were to treat cardiovascular, urological, and neurological conditions.

Furthermore, an increase in the prevalence of various chronic conditions, such as cancer, cardiovascular disease, GI diseases, cancer, and non-communicable diseases (NCDs), is expected to propel market growth. Because chronic diseases are effectively treated with surgery, people prefer MIS surgeries over traditional ones, thereby driving demand for MIS surgical devices over the forecast period. For instance, according to the International Agency for Research on Cancer published Globocan 2020 report, the total number of cancer cases in South Africa in the year 2020 was 108,168. Additionally, according to the same source, the number of cancer cases is expected to increase to 175,102 by the year 2040. Additionally, according to the Western Cape Government, in 2021, In South Africa, the incidence rate of cervical cancer ranges between 22.8 and 27 per 100,000 women, compared to a global average of 15.8. In South Africa, approximately 5,743 new cases are recorded each year, with 3 027 associated deaths. Thus, the rising cancer burden is projected to raise the need for MIS procedures, boosting demand for MIS surgical instruments and supporting market growth. However, a shortage of experienced professionals may restrain the market growth over the forecast period.

South Africa Minimally Invasive Surgery Devices Market Trends

The Orthopedic segment is expected to Register the Fastest Growth During the Forecast Period

Orthopedic surgery, often known as orthopedics, deals with musculoskeletal problems. Orthopedic surgery is used to treat congenital problems, degenerative diseases, infections, sports injuries, and musculoskeletal trauma. The segment is driven by rising in the burden of orthopedic diseases and the growing geriatric population.

As per the study published in South Africa Health Review in October 2021, from 2002 to 2022, the country's elderly population is projected to grow by 33.8%. Older people are more likely to have chronic conditions, which is predicted to increase demand for surgical items and is expected to accelerate segment expansion in the nation.

Moreover, the growing prevalence of orthopedic diseases in South Africa is expected to boost segment growth. According to the study published in South African Family Practice in February 2022, in South Africa, osteoarthritis was the most common kind of arthritis. The prevalence rate of the disease was 55.1% in urban areas and between 29.5% and 82.7% in rural areas among persons over 65. The need for surgical products in hospital settings is projected to increase as a result of the increased prevalence of chronic diseases among the geriatric population, fueling the expansion of the MIS surgical devices market.

Thus, the abovementioned factors, such as the growing geriatric population and increasing prevalence of chronic diseases such as arthritis, are expected to increase the market growth.



Cardiovascular is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

Cardiovascular surgery includes surgical procedures that include the heart, or the blood-carrying vessels in and out of the heart, and an increase in the number of cases of cardiovascular diseases (CVD), cardiac diseases is the major factor driving the growth of the cardiovascular segment, as with the large number cases of CVDs, the demand for surgical procedures is also high in the area for the effective and timely treatment.

Moreover, according to the study published in the Southern African Journal of Anesthesia and Analgesia in 2021, Minimally invasive cardiac surgery (MICS) was rapidly growing in South Africa. Thus, increasing demand for minimally invasive procedures in the county is expected to boost segment growth over the forecast period.

Cardiovascular diseases, the leading causes of death in South Africa, are the most prevalent ailments identified among the population. According to a study published in the Cardiovascular Journal of Africa in May 2021, every hour, five people are thought to suffer from a stroke, and ten people suffer a heart attack. Additionally, obesity is a risk factor for CVD, and the growing prevalence of obesity is expected to propel the growth of the market. According to the study published in BMJ Open Journal in February 2022, adults without private health insurance in South Africa have hypertension in about 8.22 million cases annually. According to estimates, hypertension contributes to 6,100 new cases of chronic renal disease, 13,300 strokes, and 14,000 cases of ischemic heart disease annually. As a result, the prevalence of cardiovascular diseases is predicted to rise. Increased demand for MIS procedures drives up demand for MIS devices. Cardiovascular diseases are more prevalent in the geriatric population; thus, the growing geriatric population is expected to boost segment growth.

Thus, all aforementioned factors, such as the rising adoption of MIS surgeries for cardiac diseases and the growing burden of cardiac diseases, are expected to boost the market over the forecast period.



South Africa Minimally Invasive Surgery Devices Market Competitor Analysis

The South African minimally invasive surgical devices market is moderately competitive and dominated by a few global players. These global enterprises are already competitors in the developed regions, and in South Africa, they operate through regional offices or a network of distributors. In the South African market, which is currently categorized by the presence of high growth opportunities, the existing players are competing with each other on various fronts, such as the introduction of new products, increasing geographical penetration, and enhancing distribution channels. Some of the market players are Abbott Laboratories, GE Healthcare, Medtronic, Philips Healthcare, and Siemens Healthineers AG.

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Table of Contents

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Higher Adoption Rate of Minimally Invasive Procedures over Traditional Procedures
4.2.2 Technological Advancements in the Field of Minimally Invasive Surgery
4.2.3 Increasing Prevalence of Lifestyle-related and Chronic Disorders
4.3 Market Restraints
4.3.1 Shortage of Experienced Professionals
4.4 Porter Five Forces
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Products
5.1.1 Handheld Instruments
5.1.2 Guiding Devices
5.1.3 Electrosurgical Devices
5.1.4 Endoscopic Devices
5.1.5 Laproscopic Devices
5.1.6 Monitoring and Visualization Devices
5.1.7 Robotic Assisted Surgical Systems
5.1.8 Ablation Devices
5.1.9 Laser-based Devices
5.1.10 Other MIS Devices
5.2 By Application
5.2.1 Aesthetic Surgery
5.2.2 Cardiovascular Surgery
5.2.3 Gastrointestinal Surgery
5.2.4 Gynecological Surgery
5.2.5 Orthopedic Surgery
5.2.6 Urological Surgery
5.2.7 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 GE Healthcare
6.1.3 Intuitive Surgical
6.1.4 Johnson & Johnson
6.1.5 Medtronic
6.1.6 Philips Healthcare
6.1.7 Siemens
6.1.8 Smith & Nephew
6.1.9 Stryker Corporation
6.1.10 Zimmer Biomet
6.1.11 Applied Medical Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott Laboratories
  • GE Healthcare
  • Intuitive Surgical
  • Johnson & Johnson
  • Medtronic
  • Philips Healthcare
  • Siemens
  • Smith & Nephew
  • Stryker Corporation
  • Zimmer Biomet
  • Applied Medical Corporation

Methodology

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