Market Trends of South Africa Minimally Invasive Surgical Devices Industry
The Orthopedic segment is expected to Register the Fastest Growth During the Forecast Period
Orthopedic surgery, often known as orthopedics, deals with musculoskeletal problems. Orthopedic surgery is used to treat congenital problems, degenerative diseases, infections, sports injuries, and musculoskeletal trauma. The segment is driven by rising in the burden of orthopedic diseases and the growing geriatric population.
As per the study published in South Africa Health Review in October 2021, from 2002 to 2022, the country's elderly population is projected to grow by 33.8%. Older people are more likely to have chronic conditions, which is predicted to increase demand for surgical items and is expected to accelerate segment expansion in the nation.
Moreover, the growing prevalence of orthopedic diseases in South Africa is expected to boost segment growth. According to the study published in South African Family Practice in February 2022, in South Africa, osteoarthritis was the most common kind of arthritis. The prevalence rate of the disease was 55.1% in urban areas and between 29.5% and 82.7% in rural areas among persons over 65. The need for surgical products in hospital settings is projected to increase as a result of the increased prevalence of chronic diseases among the geriatric population, fueling the expansion of the MIS surgical devices market.
Thus, the abovementioned factors, such as the growing geriatric population and increasing prevalence of chronic diseases such as arthritis, are expected to increase the market growth.
Cardiovascular is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
Cardiovascular surgery includes surgical procedures that include the heart, or the blood-carrying vessels in and out of the heart, and an increase in the number of cases of cardiovascular diseases (CVD), cardiac diseases is the major factor driving the growth of the cardiovascular segment, as with the large number cases of CVDs, the demand for surgical procedures is also high in the area for the effective and timely treatment.
Moreover, according to the study published in the Southern African Journal of Anesthesia and Analgesia in 2021, Minimally invasive cardiac surgery (MICS) was rapidly growing in South Africa. Thus, increasing demand for minimally invasive procedures in the county is expected to boost segment growth over the forecast period.
Cardiovascular diseases, the leading causes of death in South Africa, are the most prevalent ailments identified among the population. According to a study published in the Cardiovascular Journal of Africa in May 2021, every hour, five people are thought to suffer from a stroke, and ten people suffer a heart attack. Additionally, obesity is a risk factor for CVD, and the growing prevalence of obesity is expected to propel the growth of the market. According to the study published in BMJ Open Journal in February 2022, adults without private health insurance in South Africa have hypertension in about 8.22 million cases annually. According to estimates, hypertension contributes to 6,100 new cases of chronic renal disease, 13,300 strokes, and 14,000 cases of ischemic heart disease annually. As a result, the prevalence of cardiovascular diseases is predicted to rise. Increased demand for MIS procedures drives up demand for MIS devices. Cardiovascular diseases are more prevalent in the geriatric population; thus, the growing geriatric population is expected to boost segment growth.
Thus, all aforementioned factors, such as the rising adoption of MIS surgeries for cardiac diseases and the growing burden of cardiac diseases, are expected to boost the market over the forecast period.
