South Africa Endoscopy Devices Market Size

South Africa Endoscopy Devices Market Analysis

The South Africa Endoscopy Devices Market size is estimated at USD 417.78 million in 2024, and is expected to reach USD 558.57 million by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029).

• The COVID-19 pandemic significantly impacted the market studied due to the limitations on hospital visits for non-emergencies in the initial phase of the pandemic. The majority of endoscopy activities were reduced during the pandemic in South Africa. Data from the National Institute of Health published in November 2021 indicated that almost 75% of the doctors had reduced their endoscopic procedures in the country by 50%. As the focus of healthcare companies was diverted toward COVID-19 diagnosis and care, the market studied was affected greatly.
• However, currently, the market has reached its pre-pandemic nature in terms of the number of endoscopic procedures performed and is expected to witness significant growth in the coming years. The key factors propelling the market growth include increasing adoption of endoscopy for treatment and diagnosis and technological advancements leading to enhanced applications.
• The data from World Population Review published in July 2023 mentioned that South Africa's population is estimated to be 69.3 million people in 2023, 9.2% of whom were aged over 60 years, and the number of older adults in South Africa is projected to increase to 15.4% of the total population by 2050. Such an increase in the geriatric population is causing an increase in diseases such as gastrointestinal diseases and various cancers related to the gastric system that require endoscopy procedures for their treatment.
• For instance, the data from a survey published by the National Institute of Health in November 2021 indicated that over 73.6% of the people in South African respondents had undergone endoscopy procedures during the year 2021. Hence, this is expected to drive the demand for endoscopy devices and drive the growth of the market studied.
• Moreover, the rising healthcare spending and the number of hospitals are more likely to support the target market's expansion in the country. For instance, in April 2022, the Netcare Property Holdings Joint Venture opened a 400-bed multi-specialty hospital in South Africa. With such multi-specialty hospitals in the country, essential procedures such as endoscopy are largely performed. Thus, such expansion of hospitals in South Africa is expected to create opportunities for endoscopy devices, fueling market growth.
• However, the lack of skilled technicians and infections caused by few endoscopes are hindering market growth.