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South Africa Minimally Invasive Surgical Devices Market – Growth, Trends, and Forecast (2019 – 2024)
Healthcare | Published by: Mordor Intelligence | Market: South Africa |
74 pages | Published: 07-06-2019 |
- Healthcare
- Mordor Intelligence
- South Africa
- 74 pages
- Published: 07-06-2019
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. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to quicker recovery. In addition, the body scars involved in MIS are barely noticeable. 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.
In South Africa, NCDs (non-communicable diseases) account for 84% of all deaths in persons aged 60 years and above, with ischemic heart disease and stroke being the leading single causes of death in men. The order is reversed in women. Together the diseases account for about one-third of the total deaths. COPD accounts for almost double the number of deaths among men than women. Malignant neoplasms are responsible for 16% of deaths in older men and 10% in older women, with lung cancer as a predominant cause in men and breast cancer in women. Thus, the rising aging population, coupled with the increase in 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.
Key Market Trends
Trocars is the Segment by Surgical Equipment that is Expected to Grow the Fastest During the Forecast Period
The earlier usage of trocars was specifically for the drainage of infected body fluid and gases from the body, but with later innovations, urologists started using trocars for the easy insertion of the surgical scopes inside the body. Currently, trocars are majorly used for laparoscopic procedures, which are associated with the abdominal surgeries that are also referred to as open surgeries. These procedures are made easy with the revolutionary implementation of trocars, which has contributed to the improvement of patient care. Increasing number of laparoscopic surgeries, along with the significance of trocars, is the factor contributing to the growth of this segment in South Africa.
Competitive Landscape
The South African minimally invasive surgical devices market is dominated by 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.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Higher Acceptance Rate of Minimally Invasive Procedures Over Traditional Procedures
4.2.2 Improved Patient Quality of Life and Increasing Number of Surgeries Among the Aging Population
4.2.3 Minimally Invasive Surgeries Help Reduce Healthcare Costs and Time
4.2.4 Increasing Prevalence of Lifestyle-related and Chronic Disorders
4.3 Market Restraints
4.3.1 Shortage of Experienced Professionals
4.3.2 Stringent Regulatory Framework and Insurance Plans for Medical Devices are Restraining the Market
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Surgical Equipment
5.1.1.1 Catheters
5.1.1.2 Staplers
5.1.1.3 Cannula
5.1.1.4 Guide Wires
5.1.1.5 Retractors
5.1.1.6 Needles
5.1.1.7 Trocars
5.1.1.8 Forceps
5.1.1.9 Metal Shafts
5.1.1.10 Other Surgical Instruments and Accessories
5.1.2 Electrosurgical Systems
5.1.2.1 Electrosurgical Accessories
5.1.2.2 Suction Coagulators
5.1.2.3 Pencils
5.1.2.4 Electrodes
5.1.2.5 Bipolar Forceps
5.1.3 Robot-assisted Surgical Systems
5.1.3.1 Da Vinci Systems
5.1.3.2 Zeus Robotic Surgical Systems
5.1.3.3 Other Robot-assisted Surgical Systems
5.1.4 Monitoring and Visualization Equipment
5.1.4.1 MRI Scanners
5.1.4.2 CT Scanners
5.1.4.3 X-ray Equipment
5.1.4.4 Ultrasound Equipment
5.1.4.5 Surgical Visualization Equipment
5.2 By Technology
5.2.1 Laparoscopy
5.2.2 Endoscopy
5.2.3 Arthroscopic Techniques
5.2.4 Ablative Techniques
5.2.4.1 Cryoablation
5.2.4.2 Radio Frequency Ablation
5.2.4.3 Microwave Ablation
5.2.4.4 Embolization
5.2.4.5 Irreversible Electroporation
5.3 By Application
5.3.1 Cardiac Surgery
5.3.2 Urology
5.3.3 Neurosurgery
5.3.4 Gastrointestinal Surgery
5.3.5 Orthopedic
5.3.6 Gynecologic Surgery
5.3.7 Colorectal Surgery
5.3.8 Weight Loss
5.3.9 Lung & Respiratory Care
5.3.10 Ophthalmology
5.3.11 ENT Surgery
5.3.12 Dermatological Surgery
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 GE Healthcare
6.1.3 Intuitive Surgical
6.1.4 Johnson & Johnson
6.1.5 Medtronic PLC
6.1.6 Koninklijke Philips NV
6.1.7 Siemens
6.1.8 Smith & Nephew
6.1.9 Stryker Corporation
6.1.10 Zimmer Biomet
6.1.11 Applied Medical Resources Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
Product Type
Surgical Equipment
Catheters
Staplers
Cannula
Guide Wires
Retractors
Needles
Trocars
Forceps
Metal Shafts
Other Surgical Instruments and Accessories
Electrosurgical Systems
Electrosurgical Accessories
Suction Coagulators
Pencils
Electrodes
Bipolar Forceps
Robot-assisted Surgical Systems
Da Vinci Systems
Zeus Robotic Surgical Systems
Other Robot-assisted Surgical Systems
Monitoring and Visualization Equipment
MRI Scanners
CT Scanners
X-ray Equipment
Ultrasound Equipment
Surgical Visualization Equipment
By Technology
Laparoscopy
Endoscopy
Arthroscopic Techniques
Ablative Techniques
Cryoablation
Radio Frequency Ablation
Microwave Ablation
Embolization
Irreversible Electroporation
By Application
Cardiac Surgery
Urology
Neurosurgery
Gastrointestinal Surgery
Orthopedic
Gynecologic Surgery
Colorectal Surgery
Weight Loss
Lung & Respiratory Care
Ophthalmology
ENT Surgery
Dermatological Surgery