South Africa Endoscopy Devices Market Outlook 2031:
The South Africa endoscopy devices market size was valued at USD 371.90 Million in 2022 and is projected to reach USD 628.32 Million by 2031, expanding at a CAGR of 6% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing geriatric population and rising preference of minimally invasive endoscopic procedures. Rising prevalence obesity & cancer is increasing trend of preventive healthcare.
An endoscopy device is a minimum invasive medical process that treats, diagnosis, and prevents the complications that are associated with visceral organs. Endoscopes devices are mainly used for the process for examination of interior hollow organs and the cavities in the body. Endoscopy devices in various others parts including light source and camera at the tip of endoscopes, which helps medical professionals and physicians for analyzing internal organs.
The use of these devices are used for treatment and diagnosis of different conditions is important as it helps for enabling minimal intervention and also results in lesser recovery time.
Due to covid-19 pandemic there was decline in the endoscopy procedures and also reduction in the patient volume in hospitals due to delay and reschedule of the process for safety reasons.
There are different endoscopes in surgical procedures including laparoscopy, cystoscopy, arthroscopy, and bronchoscopy. The endoscopy devices are mostly used in hospitals owing to rising private and government funding and increasing preference among patients and physicians for performing endoscopic procedures. The market is increasing as the demand for infrastructure development in hospitals and healthcare industry.
South Africa Endoscopy Devices Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for endoscopy is projected to push tha market expansion in the coming years.
- Rapid growth of the hospital industry is major factors spurring the market growth.
- High price of endoscopy equipment and procedures is anticipated to hinder the market expansion during the forecast period.
- Lack of reimbursement in South Africa acts as major factors that can restrict the market growth.
- Lack of awareness of innovative application and shortage of medical professionals can hamper the growth of market.
- R&D investment and technological advancement in endoscopy devices are estimated to create significant opportunities for the market players.
Scope of South Africa Endoscopy Devices Report
The report on the South Africa endoscopy devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
South Africa Endoscopy Devices Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Type of Devices (Endoscopic Operative Devices, Endoscopes, and Visualization Equipment), Applications (GI Endoscopy, Pulmonology, Cardiology, Gynecology, Gastroenterology, Orthopedic Surgery, ENT Surgery, Neurology, and Others)
|
|
Country
|
South Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Johnson and Johnson; PENTAX Medical; Boston Scientific Corporation; KARL STORZ; and Fujifilm Holdings Corporation
|
South Africa Endoscopy Devices Market Segment Insights
Visualization equipment segment is projected to account for a large market share
Based on type of devices, the South Africa endoscopy devices market is divided into endoscopic operative devices, endoscopes, and visualization equipment. The visualization equipment segment is expected to constitute a key share of the market during the forecast period owing to technological modification including increase in private & public sector investments.
The camera head with optical zoom allows adjustments without hindering image resolution. However, the endoscopes segment is anticipated to expand at a rapid pace during the forecast period due to rising technological advancements, increasing adoption of minimally invasive procedures, and consumption of disposable endoscopes.
GI Endoscopy segment is projected to hold a key market share
On the basis of applications, the market is segmented into GI endoscopy, pulmonology, cardiology, gynecology, gastroenterology, orthopedic surgery, ENT surgery, neurology, and others. The GI Endoscopy segment is expected to represent a key share of the market in the coming years due to rising burden of GI diseases and increasing geriatric population.
The growing endoscopic procedures for diagnosing of GI cancers are anticipated to fuel the market. On the other hand, the gynecology segment is anticipated to expand at a rapid pace during the forecast period owing to increasing demand for timely annual screening of women.
Segments
The South Africa endoscopy devices market has been segmented on the basis of
Type of Devices
- Endoscopic Operative Devices
- Endoscopes
- Visualization Equipment
Applications
- GI Endoscopy
- Pulmonology
- Cardiology
- Gynecology
- Gastroenterology
- Orthopedic Surgery
- ENT Surgery
- Neurology
- Others
Country
Key Players
Competitive Landscape
Key players competing in the South Africa endoscopy devices market include Johnson and Johnson; PENTAX Medical; Boston Scientific Corporation; KARL STORZ; and Fujifilm Holdings Corporation.
Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
