South Africa Artificial Organs & Bionic Implants Market Size

South Africa Artificial Organs Bionic Implants Market Analysis

The South African artificial organs & bionic implants market is expected to register a CAGR of 3.1% over the forecast period.

Due to the COVID-19 pandemic, all elective and semi-urgent medical treatments and operations across South Africa were stopped during the period. During the initial phase of the pandemic, due to the high risk of COVID-19 infection, many live-related organ donations were paused. However, according to the report published by Nature Reviews Nephrology in August 2022, COVID-19-associated acute kidney injury occurred at a rate of 33.9%, of which 8.6% occurred in those receiving kidney replacement therapy. Hence, the COVID-19-affected population was prone to kidney failure that needed hemodialysis, positively impacting the growth of the market. The market under consideration is projected to attain its full potential throughout the forecast period due to the recovery of healthcare operations following the decrease in COVID-19 cases in South Africa.

The increased incidence of disabilities and organ failures, the scarcity of donor organs, and technological advancements in artificial organs and bionics are the major drivers of the growth of the market in this region. For instance, in August 2022, the department of health in South Africa urged people to donate their organs, as people were losing their lives due to the unavailability of organs. Moreover, the rising prevalence of renal disorders, acute renal failure, and the increase in organ failure due to the aging population are some of the factors driving the growth of the market. In addition, developments in bionic orthopedics, bionic eyes, and exoskeletons are fueling the growth of the market.

For instance, according to the article published in NCBI in August 2022, the prevalence of chronic kidney disease (CKD) in Africa is estimated at 11-16% in people at high risk and 3-6% in population-representative studies. This shows the significant number of cases of demand for hemodialysis, which is termed "artificial kidney." Thus, the market is expected to grow with the prevalence of renal diseases. Similarly, according to the report published by BMC Pediatrics in January 2022, the prevalence of hearing loss in the South African community is reported at 22 per 1000 preschool children. Hearing loss can be managed with cochlear implants. Hence, the significant number of hearing loss cases will increase the demand for cochlear implants, which is expected to increase the growth of the market during the study period. Furthermore, increasing R&D expenditure by innovators and generic players, technological advancements associated with bionic implants, and the rising aging population will fuel the growth of South African artificial organs and bionic implants.

However, expensive procedures and the risk of compatibility issues and malfunctions act as factors restraining the growth of the market.