Market Trends of Africa Endoscopy Devices Industry
This section covers the major market trends shaping the Africa Endoscopy Devices Market according to our research experts:
Gastroenterology Segment is Expected to Witness a Significant Growth Over the Forecast Period
The gastroenterology segment is expected to witness significant growth due to the rising prevalence of gastrointestinal diseases like ulcerative colitis, colorectum cancers, etc., requiring endoscopic surgical equipment. Gastroenterology refers to digestive system disorders, and colonoscopy is an endoscopic procedure used to examine the large and small intestines. Colonoscopy procedures are used to better diagnose tumors, colon polyps, ulcers, and inflamed or bleeding areas of the lower intestinal area.
The high prevalence of colorectal cancer impacts the African region, and colonoscopy to detect these cancers is driving demand for this market. For instance, Globocan in 2020 reported that in Africa, 323,000 cases of rectum cancers were recorded, and this number is expected to increase to 534,000 by 2040. The same source also reported that the region recorded about 366,000 cases of colon cancer in 2020 in Africa, and the number is expected to increase to 626,000 by 2040.
Also, a high number of gastrointestinal disease and stomach cancer cases are fueling the market. For instance, an article published in the journal WJG, in March 2022, reported that stomach cancer is one of the most lethal malignant tumors, with a five-year survival rate of around 20%, and the prevalence was estimated to be 77.6% in South Africa.
Egypt is Expected to Witness a Significant Growth Over the Forecast Period
Egypt is expected to witness significant growth owing to advanced endoscopy devices, high incidences of chronic diseases, and increased awareness. Also, improved quality of care is triggering market growth for endoscopy devices in Egypt. For instance, in January 2022, Pentax Medical Europe launched a new ultra-fast endoscope drying and storage solution, the Plasma TYPHOON, in African countries. It is designed to improve productivity and traceability, and this premium model further advances endoscope reprocessing to enhance patient safety.
The high prevalence of colon and rectum cancer in Egypt drives the demand for endoscopy devices. For instance, Globocan reported that Egypt had 15,000 rectum cancer cases in the year 2020, and this number is expected to grow by 67.5% in 2040, reaching 25,000 thousand by the year 2040. Similarly, 34,000 colon cancer cases were reported in Egypt in 2020, which is expected to increase by 59,000 thousand in 2040, growing at 74.1%.
Similarly, in May 2022, Ibnsina Pharma acquired EI Shorouk Hospital, Egypt. This acquisition was to diversify the strategies in the healthcare sector with the aim to add improve and equip all the healthcare services in the hospital that also included the endoscopic unit. Thus, such mergers, acquisitions, and partnerships are leading to provide better endoscopic services to the patients of the country, thereby driving the growth of the studied market.
