+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

South Africa Minimally Invasive Surgical Devices Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4622265
  • Report
  • February 2019
  • Region: South Africa, Africa
  • 74 pages
  • Mordor Intelligence
UP TO OFF
until Jun 30th 2020
1 of 4

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • Abbott Laboratories
  • GE Healthcare
  • Intuitive Surgical
  • Johnson & Johnson
  • Koninklijke Philips NV
  • Medtronic PLC
  • MORE
Market Overview

The major factors for the growth of the South African minimally invasive surgical devices market include the higher acceptance rate of minimally invasive procedures over traditional procedures, improved patient quality of life and increasing number of surgeries among the aging population, minimally invasive surgeries help reduce healthcare costs and time, and increasing prevalence of lifestyle-related and chronic disorders.

Minimally invasive surgeries (MIS) have been reported to cause less post-operative pain, and hence, patients receive smaller dosages of painkillers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to quicker recovery. In addition, the body scars involved in MIS are barely noticeable. 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. Most of the initial surgeries performed using these robotic systems were to treat cardiovascular, urology, and neurology conditions. Furthermore, with improvements in the reimbursement scenario and streamlining of regulatory guidelines, the MIS devices market is expected to grow significantly over the forecast period.

In South Africa, NCDs (non-communicable diseases) account for 84% of all deaths in persons aged 60 years and above, with ischemic heart disease and stroke being the leading single causes of death in men. The order is reversed in women. Together the diseases account for about one-third of the total deaths. COPD accounts for almost double the number of deaths among men than women. Malignant neoplasms are responsible for 16% of deaths in older men and 10% in older women, with lung cancer as a predominant cause in men and breast cancer in women. Thus, the rising aging population, coupled with the increase in prevalence of various chronic conditions, such as cardiovascular disease, GI diseases, cancer, and NCD’s, is expected to drive the market over the forecast period.

Scope of the Report

As per the scope of this report, minimally invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, such as needles, retractors, and guide wires, which are used during the minimally invasive procedure.

Key Market Trends

Trocars is the Segment by Surgical Equipment that is Expected to Grow the Fastest During the Forecast Period

The earlier usage of trocars was specifically for the drainage of infected body fluid and gases from the body, but with later innovations, urologists started using trocars for the easy insertion of the surgical scopes inside the body. Currently, trocars are majorly used for laparoscopic procedures, which are associated with the abdominal surgeries that are also referred to as open surgeries. These procedures are made easy with the revolutionary implementation of trocars, which has contributed to the improvement of patient care. Increasing number of laparoscopic surgeries, along with the significance of trocars, is the factor contributing to the growth of this segment in South Africa.

Competitive Landscape

The South African minimally invasive surgical devices market is dominated by 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, enhancing distribution channel. The high competition is expected to drive the merger and acquisition activity, thereby, leading to medium market consolidation in few business segments.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Abbott Laboratories
  • GE Healthcare
  • Intuitive Surgical
  • Johnson & Johnson
  • Koninklijke Philips NV
  • Medtronic PLC
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Higher Acceptance Rate of Minimally Invasive Procedures Over Traditional Procedures
4.2.2 Improved Patient Quality of Life and Increasing Number of Surgeries Among the Aging Population
4.2.3 Minimally Invasive Surgeries Help Reduce Healthcare Costs and Time
4.2.4 Increasing Prevalence of Lifestyle-related and Chronic Disorders
4.3 Market Restraints
4.3.1 Shortage of Experienced Professionals
4.3.2 Stringent Regulatory Framework and Insurance Plans for Medical Devices are Restraining the Market
4.4 Porter's Five Forces Analysis
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
5.1 Product Type
5.1.1 Surgical Equipment
5.1.1.1 Catheters
5.1.1.2 Staplers
5.1.1.3 Cannula
5.1.1.4 Guide Wires
5.1.1.5 Retractors
5.1.1.6 Needles
5.1.1.7 Trocars
5.1.1.8 Forceps
5.1.1.9 Metal Shafts
5.1.1.10 Other Surgical Instruments and Accessories
5.1.2 Electrosurgical Systems
5.1.2.1 Electrosurgical Accessories
5.1.2.2 Suction Coagulators
5.1.2.3 Pencils
5.1.2.4 Electrodes
5.1.2.5 Bipolar Forceps
5.1.3 Robot-assisted Surgical Systems
5.1.3.1 Da Vinci Systems
5.1.3.2 Zeus Robotic Surgical Systems
5.1.3.3 Other Robot-assisted Surgical Systems
5.1.4 Monitoring and Visualization Equipment
5.1.4.1 MRI Scanners
5.1.4.2 CT Scanners
5.1.4.3 X-ray Equipment
5.1.4.4 Ultrasound Equipment
5.1.4.5 Surgical Visualization Equipment
5.2 By Technology
5.2.1 Laparoscopy
5.2.2 Endoscopy
5.2.3 Arthroscopic Techniques
5.2.4 Ablative Techniques
5.2.4.1 Cryoablation
5.2.4.2 Radio Frequency Ablation
5.2.4.3 Microwave Ablation
5.2.4.4 Embolization
5.2.4.5 Irreversible Electroporation
5.3 By Application
5.3.1 Cardiac Surgery
5.3.2 Urology
5.3.3 Neurosurgery
5.3.4 Gastrointestinal Surgery
5.3.5 Orthopedic
5.3.6 Gynecologic Surgery
5.3.7 Colorectal Surgery
5.3.8 Weight Loss
5.3.9 Lung & Respiratory Care
5.3.10 Ophthalmology
5.3.11 ENT Surgery
5.3.12 Dermatological Surgery

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 PLC
6.1.6 Koninklijke Philips NV
6.1.7 Siemens
6.1.8 Smith & Nephew
6.1.9 Stryker Corporation
6.1.10 Zimmer Biomet
6.1.11 Applied Medical Resources Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Abbott Laboratories
  • GE Healthcare
  • Intuitive Surgical
  • Johnson & Johnson
  • Medtronic PLC
  • Koninklijke Philips NV
  • Siemens
  • Smith & Nephew
  • Stryker Corporation
  • Zimmer Biomet
  • Applied Medical Resources Corporation
Note: Product cover images may vary from those shown
Adroll
adroll