Market Trends of MEA General Surgical Devices Industry
This section covers the major market trends shaping the MEA General Surgical Devices Market according to our research experts:
Handheld Devices are Expected to Witness Significant Growth over the Forecast Period
Handheld surgical devices are becoming increasingly advanced. The development of advanced devices, like robotic hand-held surgical devices for laparoscopic interventions, enhances a surgeon's dexterity. Many innovations have been made due to the need for high reliability, accuracy, and patient safety. Needle holders are very similar in shape to hemostats, featuring jaws and handles. Needle holders allow the needle to be locked into place for suturing in various tissue types. Surgical operations demand surgeons to engage in hand-intensive activities, including suturing frequently. The market is growing due to the increase in minimally invasive surgical procedures and outpatient surgeries.
The increase in neurosurgical procedures, ophthalmology, and other surgeries, is also propelling the demand for handheld surgical devices, thereby driving the growth of this segment. For instance, an article published by the Journal of Neurosurgery in August 2022 reported that approximately 1.3 billion people in Africa undergo neurosurgical procedures, with North Africa having 64.39% of the neurosurgical workforce followed by Southern Africa with 12.66%, and Central Africa with 3.09% neurosurgical procedures.
Further technological advancements and new product launches are also contributing to the growth of this segment. In February 2022, Karl Storz became the newest company to join the International Finance Corporation (IFC) Africa Medical Equipment Facility. Karl Storz's participation in the Africa Medical Equipment Facility (AMEF) is to provide support to smaller healthcare businesses in East and West Africa to purchase or lease medical equipment and handheld surgical devices.
South Africa is Expected to Hold A Significant Share of the Market Over the Forecast Period
South Africa is expected to witness significant growth over the forecast period due to the increase in surgical procedures and healthcare expenditure. Also, the aging population and long-term chronic disease conditions associated with aging are increasing the demand for surgical devices, which is the major factor driving the growth of the studied market in South Africa. For instance, in September 2021, WHO reported approximately 48 million individuals aged 65 and older in South Africa. The geriatric population is more prone to infections, heart diseases, chronic diseases, and other neurological disorders, which constantly demand surgical devices.
Furthermore, new product launches, the presence of key market players, mergers, acquisitions, and partnerships are fueling the growth of this market in South Africa. For instance, in October 2022, Olympus Corporation launched THUNDERBEAT Open Fine Jaw Type X surgical energy devices for open surgery in South Africa. THUNDERBEAT Open Fine Jaw Type X is a new thermal shield, a surgical energy device designed to support safer procedures.
Similarly, in July 2022, Tygerberg Public Hospital, Capetown, South Africa, used the da Vinci Xi robot to assist in removing a cancerous tumor from a female patient. It is the only robot used in South Africa. This, platform is currently used for complex urological, gynecological, and colorectal surgical procedures in the hospital. Such technologically advanced products are contributing to the growth of the studied market in the country.
