The size of the Endoscopy Devices Market in the Middle East & Africa was worth USD 1.27 billion in 2022. This value is further estimated to be growing at a CAGR of 5.60% and worth USD 1.66 billion by 2027.
Endoscopy has altered the viewpoint of recognizing diseases and how surgeries were performed previously. Unlike other medical imaging procedures, devices such as endoscopes, visualization systems, and operative devices give direct insight check-ups of the organs.
The growth of the Middle East and Africa Endoscopy Devices Market is mainly driven by a growing number of hospitals, the ever-increasing patient preference for minimally invasive operations, and the rising geriatric population. Endoscopic surgeries are performed for diagnostics procedures and many minor surgeries. As a result, there is an increased prevalence of endoscopy treatment and diagnosis, along with a growing demand for low-risk minimally invasive surgeries.
Endoscopy allows both interventions in more fragile patients, especially the elderly, and the treatment of more complex diseases such as cancers, interventional radiology, surgeries, and high grade endoscopic with lesser complications to effectively treat several diseases; these factors had a positive impact on postoperative patient prognosis. Furthermore, the increased rate of adoption of low-risk and single-incision surgeries has advocated endoscopy in many surgical procedures, such as bronchoscopy, arthroscopy, cystoscopy, and laparoscopy. Therefore, the growing preference for minimally invasive procedures and the increasing prevalence of chronic diseases drive the demand for endoscopy devices in the MEA region.
However, issues such as lack of skilled professionals and infections acquired from unsterilized endoscopes are restraining the market's growth in this region. In addition, the risk of infection associated with the use of endoscopes is negatively impacting the growth of the market in the MEA region.
This research report on the MEA endoscopy devices market has been segmented and sub-segmented into the following categories:
In terms of market share, South Africa leads the market in this region. Other significant markets in this region include UAE, Israel, and Nigeria. The market in this region is projected to grow at a healthy rate in the upcoming years. Owing to the speedy progress of the market in the use of endoscopes, medical device firms that can launch new innovative devices will be rewarded with high gains.
KEY MARKET PLAYERS:
Ethicon, Stryker Corporation, Karl Storz GmbH, Boston Scientific Inc., Olympus Corporation, Covidien Plc, Smith and Nephew Inc., and Fujifilm Holding Corporation are the dominating companies in the MEA endoscopy devices market.
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