South Africa Endoscopy Devices Market Size (2024 - 2029)

The endoscopy devices market in South Africa is poised for growth, having recovered from the pandemic's impact, which had significantly reduced procedures due to healthcare focus on COVID-19. The market's expansion is driven by the increasing adoption of endoscopy for diagnosis and treatment, technological advancements, and a rising geriatric population, which heightens the demand for such procedures. Additionally, increased healthcare spending and the establishment of multi-specialty hospitals are expected to further support market growth. However, challenges such as a shortage of skilled technicians and infection risks from certain endoscopes pose obstacles to market expansion.

Market Size of South Africa Endoscopy Devices Industry

South Africa Endoscopy Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 417.78 Million
Market Size (2029) USD 558.57 Million
CAGR (2024 - 2029) 5.98 %
Market Concentration Medium

Major Players

South Africa Endoscopy Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

South Africa Endoscopy Devices Industry Segmentation

Endoscopes are minimally invasive devices and can be inserted into natural openings of the body to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries.

The South Africa endoscopy devices market is segmented by type of device (endoscopes, endoscopic operative devices, and visualization equipment) and application (gastroenterology, pulmonology, orthopedic surgery, cardiology, ENT surgery, gynecology, neurology, and other applications).

The report offers the value in USD for the above segments.

By Type of Device
Endoscopes
Endoscopic Operative Device
Visualization Equipment
By Application
Gastroenterology
Pulmonology
Orthopedic Surgery
Cardiology
ENT Surgery
Gynecology
Neurology
Others Applications
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South Africa Endoscopy Devices Market Size Summary

The South Africa endoscopy devices market is poised for significant growth, driven by the increasing adoption of endoscopy for diagnosis and treatment, alongside technological advancements that enhance its applications. The market is recovering from the COVID-19 pandemic's impact, which had led to a substantial reduction in endoscopic procedures due to restrictions on non-emergency hospital visits. As healthcare focus shifts back, the market is expected to expand, supported by a growing geriatric population and the rising prevalence of gastrointestinal diseases and cancers that necessitate endoscopic interventions. The expansion of healthcare facilities, such as multi-specialty hospitals, further bolsters market opportunities, although challenges like a shortage of skilled technicians and infection risks from endoscopes persist.

The demand for endoscopy devices is also fueled by the increasing burden of non-communicable diseases, including respiratory conditions, which require advanced visualization systems for diagnosis and treatment. The gastroenterology sector, in particular, is witnessing a surge in endoscopic procedures due to the high prevalence of gastric diseases, such as Helicobacter pylori infections and gastroenteritis. The market is characterized by moderate competition, with key players like KARL STORZ, Boston Scientific Corporation, and Fujifilm Holdings Corporation actively engaging in product development and strategic collaborations to enhance their market presence. Innovations, such as the introduction of advanced surgical visualization platforms, are expected to further drive market growth in the coming years.

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South Africa Endoscopy Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Adoption of Endoscopy for Treatment and Diagnosis

      2. 1.2.2 Growing Preference for Minimally-invasive Surgeries

      3. 1.2.3 Technological Advancements Leading to Enhanced Applications

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Skilled Technicians

      2. 1.3.2 Infections Caused by Few Endoscopes

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type of Device

      1. 2.1.1 Endoscopes

      2. 2.1.2 Endoscopic Operative Device

      3. 2.1.3 Visualization Equipment

    2. 2.2 By Application

      1. 2.2.1 Gastroenterology

      2. 2.2.2 Pulmonology

      3. 2.2.3 Orthopedic Surgery

      4. 2.2.4 Cardiology

      5. 2.2.5 ENT Surgery

      6. 2.2.6 Gynecology

      7. 2.2.7 Neurology

      8. 2.2.8 Others Applications

South Africa Endoscopy Devices Market Size FAQs

The South Africa Endoscopy Devices Market size is expected to reach USD 417.78 million in 2024 and grow at a CAGR of 5.98% to reach USD 558.57 million by 2029.

In 2024, the South Africa Endoscopy Devices Market size is expected to reach USD 417.78 million.

Endoscopy Devices Market in South Africa Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)