South Africa Minimally Invasive Surgical Devices Market - Growth, Trends, and Forecast (2020 - 2025)

The Market is segmented by Product and Application (Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Orthopedic, Urological, Others)

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

7.3 %

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Market Overview

The major factors for the growth of the South African minimally invasive surgical devices market include the higher acceptance rate of minimally invasive procedures over traditional procedures, improved patient quality of life and increasing number of surgeries among the aging population, minimally invasive surgeries help reduce healthcare costs and time, and increasing prevalence of lifestyle-related and chronic disorders.

Minimally invasive surgeries (MIS) have been reported to cause less post-operative pain, and hence, patients receive smaller dosages of painkillers. The main advantage that MIS has over traditional open surgeries is higher precision, due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time. These developments have created significant traction for robotic surgeries in several private hospitals in South Africa. Most of the initial surgeries performed using these robotic systems were to treat cardiovascular, urology, and neurology conditions. Furthermore, with improvements in the reimbursement scenario and streamlining of regulatory guidelines, the MIS devices market is expected to grow significantly over the forecast period. With that, the rising aging population, coupled with the increase in the prevalence of various chronic conditions, such as cardiovascular disease, GI diseases, cancer, and NCD’s, is expected to drive the market over the forecast period.

Scope of the Report

As per the scope of this report, minimally invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, such as needles, retractors, and guide wires, which are used during the minimally invasive procedure.

By Products
Handheld Instruments
Guiding Devices
Electrosurgical Devices
Endoscopic Devices
Laproscopic Devices
Monitoring & Visualization Devices
Robotic Assisted Surgical Systems
Ablation Devices
Laser Based Devices
Other MIS Devices
By Application
Aesthetic
Cardiovascular
Gastrointestinal
Gynecological
Orthopedic
Urological
Others

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Key Market Trends

Cardiovascular Segment Under Application is Expected to Grow Fastest During the Forecast Period

According to the World Heart Federation, 2017, cardiovascular diseases account for 18 % of all deaths in South Africa. 1 in 3 South African adults (33.7%) have hypertension which can increase the risk of heart attack, heart failure, kidney disease or stroke. Further, surgeons in South Africa prefer minimally invasive surgeries over traditional surgeries. With advancements in technology, minimally invasive cardiac surgeries have shifted from direct to video-assisted form, although both have similar postoperative outcomes. ​Patients hold a higher preference for minimally invasive surgeries, due to the shorter hospital stay and less post-operative pain, due to smaller incisions. Moreover, recommended post-operative painkillers had smaller dosages and were prescribed for a relatively shorter period, compared to dosages prescribed after traditional cardiac surgeries. ​

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Competitive Landscape

The South African minimally invasive surgical devices market is dominated by a few global players. These global enterprises are already competitors in the developed regions, and in South Africa, they operate through regional offices or a network of distributors. In the South African market, which is currently categorized by the presence of high growth opportunities, the existing players are competing with each other on various fronts, such as the introduction of new products, increasing geographical penetration, enhancing distribution channel. The high competition is expected to drive the merger and acquisition activity, thereby, leading to medium market consolidation in few business segments.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Higher Acceptance Rate of Minimally Invasive Procedures Over Traditional Procedures

      2. 4.2.2 Improved Patient Quality of Life and Increasing Number of Surgeries Among the Aging Population

      3. 4.2.3 Minimally Invasive Surgeries Help Reduce Healthcare Costs and Time

      4. 4.2.4 Increasing Prevalence of Lifestyle-related and Chronic Disorders

    3. 4.3 Market Restraints

      1. 4.3.1 Shortage of Experienced Professionals

      2. 4.3.2 Stringent Regulatory Framework and Insurance Plans for Medical Devices are Restraining the Market

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Products

      1. 5.1.1 Handheld Instruments

      2. 5.1.2 Guiding Devices

      3. 5.1.3 Electrosurgical Devices

      4. 5.1.4 Endoscopic Devices

      5. 5.1.5 Laproscopic Devices

      6. 5.1.6 Monitoring & Visualization Devices

      7. 5.1.7 Robotic Assisted Surgical Systems

      8. 5.1.8 Ablation Devices

      9. 5.1.9 Laser Based Devices

      10. 5.1.10 Other MIS Devices

    2. 5.2 By Application

      1. 5.2.1 Aesthetic

      2. 5.2.2 Cardiovascular

      3. 5.2.3 Gastrointestinal

      4. 5.2.4 Gynecological

      5. 5.2.5 Orthopedic

      6. 5.2.6 Urological

      7. 5.2.7 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Intuitive Surgical

      4. 6.1.4 Johnson & Johnson

      5. 6.1.5 Medtronic

      6. 6.1.6 Philips Healthcare

      7. 6.1.7 Siemens

      8. 6.1.8 Smith & Nephew

      9. 6.1.9 Stryker Corporation

      10. 6.1.10 Zimmer Biomet

      11. 6.1.11 Applied Medical Corporation

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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