South Africa Minimally Invasive Surgical Devices Market

South Africa Minimally Invasive Surgical Devices Market by Products (Handheld Instruments, Robotic Assisted Surgical Systems, Guiding Devices, Electrosurgical Devices, Monitoring & Visualization Devices, Ablation Devices, Endoscopic Devices, Laser-based Devices, Laparoscopic Devices, and Others), Applications (Gastrointestinal, Orthopedic, Aesthetic, Gynecological, Urological, Cardiovascular, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-3775
  • Author: Growth Market Reports
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  • No. Of Pages: 198
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The South Africa minimally invasive surgical devices market size was valued at USD billion in 2020 and is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing number of surgical & interventional procedures, growing improvements in the reimbursement, and streamlining of regulatory guidelines.

South Africa Minimally Invasive Surgical Devices Market summary

The minimally invasive surgeries are encompass surgical procedures that limit the size of incisions, effectively lessen the wound healing time, and reduce the risk of infection. Many operations require large incisions that referred to as open surgery, which can sometimes leave large wounds that are painful and take a long time to heal. In order to overcome the high risks associated with the traditional surgeries, the minimally invasive procedures have been practiced by the advancement of various medical technologies. The minimally invasive surgeries have been reported to cause less post-operative pain and reduce the dosages of painkillers. The main advantage of the minimally invasive procedures over the traditional open surgeries is higher precision due to video-assisted equipment that aids in producing a clear and magnified image of the organs being operated. The minimally invasive procedures are gaining wider acceptance among the diabetic patients and the aging population owing to the relatively shorter recovery time and low risks of infection. The minimally invasive surgery causes less pain &scarring, speeds patient recovery, and reduces the incidence of post-surgical complications. The special medical equipment used for minimally invasive surgeries include fiber optic cables, miniature video cameras, and special surgical instruments. The images of the interior body parts are transmitted to an external video monitor so that the surgeons can diagnosis by visually identifying internal features. The endovascular aneurysm repair is an example of minimally invasive surgery, which is much less invasive, involves much smaller incisions than the traditional open surgery procedure of open aortic surgery. Therefore, it has become the most common method of repairing abdominal aortic aneurysms.

The COVID-19 pandemic has affected almost every industry including the healthcare industry. The high risk of developing serious illness due to coronavirus disease has made it challenging for several other healthcare problems. The outbreak situation resulted into nationwide lockdowns, which disrupted the supply of healthcare facilities and manufacturing of surgical devices. The stringent regulations and slowdown in economy hampered the growth of the minimally invasive surgical devices market.

Market Trends, Drivers, Restraints and Opportunities

  • Rising acceptance rate of minimally invasive procedures over traditional procedures and improved patient quality of life are the major factor propelling the market expansion during the projected period.
  • Increasing healthcare spending and rising prevalence of chronic disorders are expected to spur the growth of the market in the coming years.
  • Growing number of surgeries among the aging population is projected to support the growth of this market during the forecast period.
  • High cost associated with the surgical treatments is expected to hamper the growth of market during the forecast period.
  • Growing industrial investments for developing advanced surgery devices and increasing research & development activities for innovative product launches are expected to create lucrative opportunities for the market in the long run.

Scope of the Report

The report on the South Africa minimally invasive surgical 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

Minimally Invasive Surgical Devices Market - South Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Handheld Instruments, Robotic Assisted Surgical Systems, Guiding Devices, Electrosurgical Devices, Monitoring & Visualization Devices, Ablation Devices, Endoscopic Devices, Laser-based Devices, Laparoscopic Devices, and Others) and  Applications (Gastrointestinal, Orthopedic, Aesthetic, Gynecological, Urological, Cardiovascular, 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

Medtronic PLC; Abbott Laboratories; Siemens Healthineers; GE Healthcare; and Koninklijke Philips NV

South Africa Minimally Invasive Surgical Devices Market Segment Insights

Handheld instruments segment is projected to expand at a robust CAGR

Based on products, the market is segregated into handheld instruments, robotic assisted surgical systems, guiding devices, electrosurgical devices, monitoring & visualization devices, ablation devices, endoscopic devices, laser-based devices, laparoscopic devices, and others. The handheld instruments segment is projected to expand at a robust CAGR during the forecast period owing to the increasing demand for advanced surgical devices. Moreover, the rising demand for general surgeries such as appendectomy, breast biopsy, hysteroscopy, and low back pain surgery is anticipated to propel the growth of the market segment in the coming years. On the other hand, the laparoscopic devices segment is anticipated to hold a significant market share during the forecast period due to the rising demand for diagnosis and therapeutic procedures of various diseases such as pancreatic cancer, prostatectomy, and gastrointestinal disorders. Furthermore, the increasing preference for laparoscopic devices by surgeons due to minimal bleeding and support for maintaining hemostasis is expected to boost the growth of the market segment during the forecast period.

Cardiovascular segment is projected to hold a significant market share

On the basis of applications, the market is segmented into gastrointestinal, orthopedic, aesthetic, gynecological, urological, cardiovascular, and others. The cardiovascular segment is projected to hold a significant market share during the forecast period due to the rising incidences of congenital heart defects, coronary artery disease, heart failure, valve disease, and electrophysiology. Moreover, the growing consumer disposable income, unhealthy diet, and changing lifestyle are some of the factors to boost the market segment growth in the coming years. On the other hand, the urological segment is anticipated to expand at a considerable pace owing to the increasing prevalence of urinary incontinence, pelvic organ prolapse, and overactive bladder and rising expenditure on medical surgeries. Furthermore, the increasing number of reconstructive surgeries is estimated to fuel the growth of the market during the projected timeline.

South Africa Minimally Invasive Surgical Devices Market application

Segments

Segments Covered in the Report
The South Africa minimally invasive surgical devices market has been segmented on the basis of
Products

  • Handheld Instruments
  • Robotic Assisted Surgical Systems
  • Guiding Devices, Electrosurgical Devices
  • Monitoring & Visualization Devices
  • Ablation Devices
  • Endoscopic Devices
  • Laser-based Devices
  • Laparoscopic Devices
  • Others

Applications

  • Gastrointestinal
  • Orthopedic
  • Aesthetic
  • Gynecological
  • Urological
  • Cardiovascular
  • Others

Country

  • South Africa

Key Players

  • Medtronic PLC
  • Abbott Laboratories
  • Siemens Healthineers
  • GE Healthcare
  • Koninklijke Philips NV

 

Competitive Landscape

Key players competing in the South Africa minimally invasive surgical devices market are  Medtronic PLC; Abbott Laboratories; Siemens Healthineers; GE Healthcare; and Koninklijke Philips NV. Companies are focusing on growing manufacturing facilities, merger & acquisition activities, forming strong distribution networks with other industry players in order to expand their market shares.

In November 2021, Medtronic Plc planned to set up a global research & development center involving an investment of around USD 159 million at Hyderabad, India. The initiative facilitated the research work for medical products to treat over 70 health conditions that include cardiac devices, cranial & spine robotics, surgical tools, insulin pumps, patient monitoring systems, and others.

In June 2021, Abbott Laboratories launched its Amplatzer Piccolo™ Occluder in Mumbai, India. The Amplatzer Piccolo™ Occluder is the world's first medical device that can be implanted in the premature babies and newborns using a minimally invasive procedure to treat patent ductus arteriosus or PDA. The technology provided optimally-sized treatment through minimally invasive life-saving pediatric device with immediate impact, long-term benefits, reduced risks of life-threatening complications, and allow physicians to confidently treat the youngest and tiniest patients.

South Africa Minimally Invasive Surgical Devices Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Minimally Invasive Surgical Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Minimally Invasive Surgical Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Minimally Invasive Surgical Devices Market - Supply Chain
  4.5. Global Minimally Invasive Surgical Devices Market Forecast
     4.5.1. Minimally Invasive Surgical Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Minimally Invasive Surgical Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Minimally Invasive Surgical Devices Market Absolute $ Opportunity
5. Global Minimally Invasive Surgical Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Minimally Invasive Surgical Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Minimally Invasive Surgical Devices Demand Share Forecast, 2019-2026
6. North America Minimally Invasive Surgical Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Minimally Invasive Surgical Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Minimally Invasive Surgical Devices Demand Share Forecast, 2019-2026
7. Latin America Minimally Invasive Surgical Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Minimally Invasive Surgical Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Minimally Invasive Surgical Devices Demand Share Forecast, 2019-2026
8. Europe Minimally Invasive Surgical Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Minimally Invasive Surgical Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Minimally Invasive Surgical Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Minimally Invasive Surgical Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Minimally Invasive Surgical Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Minimally Invasive Surgical Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Minimally Invasive Surgical Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Minimally Invasive Surgical Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Minimally Invasive Surgical Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Minimally Invasive Surgical Devices Market: Market Share Analysis
  11.2. Minimally Invasive Surgical Devices Distributors and Customers
  11.3. Minimally Invasive Surgical Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Medtronic PLC
     11.4.2. Abbott Laboratories
     11.4.3. Siemens Healthineers
     11.4.4. GE Healthcare
     11.4.5. Koninklijke Philips NV

Segments Covered in the Report
The South Africa minimally invasive surgical devices market has been segmented on the basis of
Products

  • Handheld Instruments
  • Robotic Assisted Surgical Systems
  • Guiding Devices, Electrosurgical Devices
  • Monitoring & Visualization Devices
  • Ablation Devices
  • Endoscopic Devices
  • Laser-based Devices
  • Laparoscopic Devices
  • Others

Applications

  • Gastrointestinal
  • Orthopedic
  • Aesthetic
  • Gynecological
  • Urological
  • Cardiovascular
  • Others

Country

  • South Africa

Key Players

  • Medtronic PLC
  • Abbott Laboratories
  • Siemens Healthineers
  • GE Healthcare
  • Koninklijke Philips NV

 

Key players competing in the South Africa minimally invasive surgical devices market are  Medtronic PLC; Abbott Laboratories; Siemens Healthineers; GE Healthcare; and Koninklijke Philips NV. Companies are focusing on growing manufacturing facilities, merger & acquisition activities, forming strong distribution networks with other industry players in order to expand their market shares.

In November 2021, Medtronic Plc planned to set up a global research & development center involving an investment of around USD 159 million at Hyderabad, India. The initiative facilitated the research work for medical products to treat over 70 health conditions that include cardiac devices, cranial & spine robotics, surgical tools, insulin pumps, patient monitoring systems, and others.

In June 2021, Abbott Laboratories launched its Amplatzer Piccolo™ Occluder in Mumbai, India. The Amplatzer Piccolo™ Occluder is the world's first medical device that can be implanted in the premature babies and newborns using a minimally invasive procedure to treat patent ductus arteriosus or PDA. The technology provided optimally-sized treatment through minimally invasive life-saving pediatric device with immediate impact, long-term benefits, reduced risks of life-threatening complications, and allow physicians to confidently treat the youngest and tiniest patients.

South Africa Minimally Invasive Surgical Devices Market keyplayers

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