Market Size of South Africa General Surgical Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.70 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Africa General Surgical Devices Market Analysis
The South African general surgical devices market is expected to register a CAGR of 6.7% over the forecast period.
The COVID-19 pandemic impacted the market. The increasing number of patients with COVID-19 infection resulted in the cancellation of treatment and diagnosis of chronic diseases, such as cardiovascular diseases, cancer, and kidney diseases, to manage and reserve resources. Many hospitals were experiencing a shortage of professionals to assist with these treatments. For instance, according to an NCBI research article published in September 2021, four key areas ensured that radiology served its best purpose during the COVID-19 outbreak in Sub-Saharan Africa. These are good radiological knowledge of COVID-19 manifestations, the 'red and green' patient handling principle, prudent resource utilization, and integration of radiology in epidemiological surveillance. According to another study published by Elsevier Public Health Emergency Collection, in May 2021, there was a negative impact of COVID-19 on radiography services in South Africa, which delayed the diagnosis and treatment procedures for people suffering from chronic diseases. Hence, the market witnessed an adverse impact during the pandemic. However, with the decreasing number of COVID-19 cases and the resumption of surgical procedures, the market is gaining traction and is expected to continue the upward trend over the forecast period.
The rising demand for minimally invasive surgeries, the high rate of injuries and accidents, and the increasing prevalence of chronic diseases are the major factors propelling the market's growth. Cardiac disorders have also become more prevalent, thus boosting the demand for surgical procedures. For instance, according to data published in the Journal of Surgical Research in October 2021, in Africa, the total number of burn patients was was 44,369, of which the mean proportion of men was 56%. The most common cause of injury was scalding (61%), followed by open flame (17%). Thus, increasing cases of chronic diseases and acute wounds may propel the demand for general surgical devices in the country, thereby surging the market's growth over the forecast period.
The increasing healthcare expenditure in the country is also expected to boost the growth of the market. For instance, the European Investment Bank signed an EUR 175.0 million (USD 189.86 million) financing agreement with the Kanta-Häme Health Care Joint Authority for the development of the Ahvenisto ("Assi") hospital in Hämeenlinna, a new integrated facility. The project promotes service integration in line with the health and social care reform, which is set to begin in 2023, and helps solve the region's most pressing concerns, including population aging, a scarcity of competent healthcare workers, rising disease burden, and rising healthcare costs.
However, improper reimbursement for surgical devices and a lack of skilled professionals may hinder the market's growth over the forecast period.
South Africa General Surgical Devices Industry Segmentation
As per the scope of the report, surgical instruments are used to perform specific actions for desired effects during a surgery or operation. Over time, many kinds of surgical instruments and tools have been invented. Surgical instruments are clinically and accurately designed to help the surgeons in performing surgeries.
The South African general surgical devices market is segmented by product (handheld devices, laparoscopic devices, electrosurgical devices, wound-closure devices, and other products) and application (gynecology and urology, cardiology, orthopedic, neurology, and other applications). The report offers the value (in USD million) for the above segments.
By Product | |
Handheld Devices | |
Laproscopic Devices | |
Electrosurgical Devices | |
Wound-closure Devices | |
Other Products |
By Application | |
Gynecology and Urology | |
Cardiology | |
Orthopedic | |
Neurology | |
Other Applications |
South Africa General Surgical Devices Market Size Summary
The South African general surgical devices market is poised for significant growth, driven by a combination of factors including the rising demand for minimally invasive surgeries, an increase in injuries and accidents, and the growing prevalence of chronic diseases. The market experienced a temporary setback due to the COVID-19 pandemic, which led to the postponement of treatments for chronic conditions as healthcare resources were reallocated. However, as the pandemic's impact wanes and surgical procedures resume, the market is expected to regain momentum. The increasing healthcare expenditure in South Africa, coupled with advancements in surgical technologies, such as robotic handheld devices, is further propelling market growth. Despite challenges like inadequate reimbursement and a shortage of skilled professionals, the market remains attractive to both local and global players.
The demand for general surgical devices is also bolstered by the aging population and the prevalence of orthopedic disorders, which necessitate surgical interventions. Conditions such as osteoarthritis and hip fractures are becoming more common, particularly among the elderly, thereby driving the need for surgical products. The market is characterized by a diverse range of players, from large multinational corporations to smaller local firms, all vying for a share of the expanding market. Recent developments, such as the launch of advanced surgical energy devices and the establishment of new healthcare facilities, underscore the dynamic nature of the market. As South Africa continues to navigate its epidemiological shift, the demand for surgical devices is expected to rise, offering lucrative opportunities for market participants.
South Africa General Surgical Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Demand for Minimally Invasive Surgeries
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1.2.2 High Rate of Injuries and Accidents
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1.2.3 Increasing Prevalence of Chronic Diseases
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1.3 Market Restraints
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1.3.1 Improper Reimbursement for Surgical Devices and Lack of Skilled Professionals
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Handheld Devices
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2.1.2 Laproscopic Devices
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2.1.3 Electrosurgical Devices
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2.1.4 Wound-closure Devices
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2.1.5 Other Products
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2.2 By Application
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2.2.1 Gynecology and Urology
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2.2.2 Cardiology
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2.2.3 Orthopedic
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2.2.4 Neurology
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2.2.5 Other Applications
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South Africa General Surgical Devices Market Size FAQs
What is the current South Africa General Surgical Devices Market size?
The South Africa General Surgical Devices Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)
Who are the key players in South Africa General Surgical Devices Market?
Boston Scientific Corporation, Johnson & Johnson, Medtronic PLC, Conmed Corporation and B. Braun SE are the major companies operating in the South Africa General Surgical Devices Market.