South Africa Minimally Invasive Surgical Devices Market Size,Growth 2021: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2023
Posted on Dec 13 2021 7:15 AM
"South Africa Minimally Invasive Surgical Devices Market Report Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions. "
Global South Africa Minimally Invasive Surgical Devices Market provides deep Information by vendors, including company overview, company total revenue (financials), market potential, global presence, South Africa Minimally Invasive Surgical Devices sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. this study provides the South Africa Minimally Invasive Surgical Devices sales, revenue and market share for each player covered in this report. South Africa Minimally Invasive Surgical Devices market is split by Type and by Application. The growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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South Africa Minimally Invasive Surgical Devices Market report features basic market situations, Product limit, consumption volume, and limit applications. Moreover, the report illuminates the SWOT analysis that should be done by the customers so as to know the Strength, Weaknesses, Opportunities, and Threats of the South Africa Minimally Invasive Surgical Devices industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the South Africa Minimally Invasive Surgical Devices Market.The South Africa Minimally Invasive Surgical Devices Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments.
The report focuses on regional development status, which includes the market size, share, and volume. The South Africa Minimally Invasive Surgical Devices Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers. Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.
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The South Africa Minimally Invasive Surgical Devices Market is expected to register a CAGR of nearly 7.30% during 2018-2023 (the forecast period). 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.
Higher Acceptance Rate of Minimally Invasive Procedures Over Traditional Procedures
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. The North American region has well-developed healthcare systems, which include HER-based patient records, reimbursement records, and other reliable databases. Compared to this region, the emerging countries, such as South Africa, India, and others, do not have adequate healthcare databases, which impacts the decision-making process and creates constraints to introduce newer technologies and procedures. Few organizations, such as the American Association of Gynecologic Laparoscopists (AAGL) and the International Society of Gynecologic Endoscopy (ISGE), are collaborating with health care agencies in South Africa, to create awareness about the benefits of MIS, and improve the adoption rate. The large markets of the â€œBRICSâ€ Block (Brazil, Russia, India, China and South Africa) have a larger pool of patients with high unmet needs and are seeking out cost-effective MIS procedures. Moreover, as South Africa is growing as a major hub for medical tourism, across Middle East & Africa, the number of surgeries performed over the next five years is expected to increase significantly.
In 2014, Africaâ€™s first Structural Heart Centre was established at Netcare Union Hospital, in Alberton, Johannesburg. This center, with its expertise in performing minimally invasive surgery for the repair of leaking heart valves and various other cardiac anatomical abnormalities, has received a favorable response from various healthcare stakeholders and patients. 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 market for MIS devices is expected to grow significantly, over the forecast period.
Other factors which are driving the MIS devices market growth are improved patient quality of life and increasing number of surgeries among the aging population, minimally invasive surgeries help reduce health care costs and time, and increasing prevalence of lifestyle-related and chronic disorders.
Shortage of Experienced Professionals
Surgical specialists are one of the primary users of minimally invasive devices. South Africa is facing a shortage of such healthcare professionals. Due to this, patients who prefer minimally invasive procedures are reluctant to undergo conventional procedures. Both of these factors are limiting the scope of this market in South Africa. The shortage is acuter in rural regions, where most of the healthcare centers are owned by the state. Government schemes are also funding to improve the status of health in rural regions. However, the minimally invasive device category is unable to utilize this opportunity, due to the shortage of experienced professionals. South Africa compares unfavorably with middle-income countries, based on the ratios of medical and dental professionals, and many districts have limited access to specialists and sub specialists. Even in the private sector, the country has fewer doctors per 100,000 people, than most countries in the world.
According to a report produced by Econex, In 2013, there were about 25 state doctors and 92 private sector doctors per 100,000 people in South Africa. This shows the average of 60 per 100,000, while the global doctors average is 152. Moreover, according to an Econex report, it was also expected that approximately 17% of newly qualified doctors may be emigrating, and 80% of the doctors do not prefer to work for the state because of poor working conditions. A similar trend is followed by minimal invasive surgeons. Surgical management of diseases is recognized as a major unmet need in low and middle-income countries (LMICs), such as South Africa. Laparoscopic surgery has been present since the 1980s and offers the benefit of minimizing the morbidity and potential mortality associated with laparotomies. Laparoscopic surgery and training are not cheap.
The lack of skilled professional surgeons and the resource-limited environment in LMICs also hampers the progress of laparoscopic training, with the lack of expert trainers. In many parts of Africa, laparoscopic surgery is much more common in private hospitals due to the availability of funding for equipment and maintenance. Hence, the lack of skilled professional is a major restraint for the market.
And other factors such as stringent regulatory framework and insurance plans for medical devices are restraining the market is also restraining the growth of the market.
Electrosurgical Systems to Dominate the Minimally Invasive Surgical Devices Market
Electrosurgical procedures are done by using the high-frequency electrical current to cut, coagulate, desiccate, and fulgurate tissue and can be performed, using either monopolar or bipolar energy in conjunction with a specialized instrument. Pencils are considered as monopolar instruments for the electrosurgical systems. Surgeons are accustomed to using the electrosurgical pencils as they are user-friendly. The active electrode is placed in the entry site using a pencil instrument, and it can be used to cut tissue and coagulate bleeding. The return electrode pad is attached to the patient, so the electrical current flows from the generator to the electrode through the target tissue to the patient return pad and back to the generator. Monopolar electrosurgery is most commonly used because of its versatility and effectiveness.
Key Developments in the Minimally Invasive Surgical Devices Market
Jan 2018: GE and Roche entered a partnership to develop an integrated digital diagnostics platform to improve oncology and critical care treatment
The major players include - ABBOTT LABORATORIES, GE HEALTHCARE, INTUITIVE SURGICAL, JOHNSON & JOHNSON, MEDTRONIC, PHILIPS HEALTHCARE, SIEMENS, SMITH & NEPHEW, STRYKER CORPORATION, ZIMMER BIOMET, and APPLIED MEDICAL CORPORATION among others.
Reasons to Purchase the Minimally Invasive Surgical Devices Market Report
Current and future South Africa Minimally Invasive Surgical Devices Market outlook in the developed and emerging markets
Analysis of various perspectives of the market with the help of Porterâ€™s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global South Africa Minimally Invasive Surgical Devices Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of South Africa Minimally Invasive Surgical Devices.
Regional Market Analysis:
The South Africa Minimally Invasive Surgical Devices Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global South Africa Minimally Invasive Surgical Devices Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Growing research activities coupled with new product launches.
- High Opportunity in the Industry
- Complications associated with South Africa Minimally Invasive Surgical Devices procedures.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
6.2.2 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
6.2.4 South America
188.8.131.52 Rest of South America
6.2.5 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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