The size of the Laparoscopy Device Market in the Middle-East and Africa was worth USD 0.77 billion in 2022 and is estimated to be growing at a CAGR of 7.318%, reaching USD 1.10 billion by 2027.
The market for laparoscopy devices in the Middle East and Africa is growing year on year due to an increase in the frequency of life-threatening disorders such as colorectal cancer. Furthermore, gall bladder problems, Crohn's illness, and obesity drive this market forward. In addition, the increase in disposable population income is driving the growth of the Middle East and Africa Laparoscopy Devices Market. The fastest-growing technology will be robots performing specific tasks during the forecast period. The expansion of the Middle East and Africa laparoscopic devices market is driven by developing products and actions to serve the right to provide orders.
These devices are used in surgical procedures to help keep bleeding to a minimum and maintain hemostasis. Surgeons and physicians alike like laparoscopy gadgets because of the high level of precision they provide during surgeries.
The increase in healthcare spending is projected to open up new market opportunities across the Middle East and Africa. The quantitative analysis of the industry is offered for key stakeholders to invest a significant amount of money in boosting market opportunities. New opportunities will emerge in the following years as new markets or players emerge and an increase in the use of robot-assisted technologies. The leading players are launching gadgets with better capabilities such as sterility, adaptability, and safety to overcome market obstacles.
The Middle East and Africa market is expected to increase slowly over the forecast period due to a lack of public awareness regarding laparoscopic procedures and devices and fluctuating reimbursement for laparoscopic equipment. The market is further constrained by the post-operative hazards associated with laparoscopic treatments. In addition, the Middle East and Africa laparoscopy devices market may be limited by a scarcity of skilled experts or doctors for laparoscopic operations, including post-operative risk.
The COVID-19 pandemic has affected the market for laparoscopic devices in the Middle East and Africa. As a result, many manufacturing companies have temporarily shut down operations during the lockout, leading to a minor decrease in the output of laparoscopic devices.
This research report on the Middle East and Africa laboratory devices market has been segmented and sub-segmented into the following categories:
By Product Type:
By Therapeutic Application:
By End Users:
By Country:
Laparoscopic equipment is mainly driven by it allows for faster recovery and shorter hospital stays in the Middle East and Africa. Laparoscopic equipment sales are booming due to the popularity of minimally invasive procedures, technological advancements, and an increase in colorectal cancers. In addition, the laparoscopic industry has been driven primarily by the rise in morbid obesity on a continental scale. Further, as the number of bariatric procedures to help people lose weight increases, the market is expected to grow.
Throughout the forecast period, Africa is forecast to maintain its dominant position in the regional market. With the growth in single-incision laparoscopic surgeries and other laparoscopic surgeries, we are seeing an increase in the demand for energy devices in the laparoscopy device market. Furthermore, the rising popularity of robot-assisted laparoscopic procedures and the introduction of new laparoscopic devices to the market present attractive potential for Africa's market growth.
Saudi Arabia is predicted to hold the most significant share of the Middle East and Africa Laparoscopy Devices market, following South Africa. The adoption rate of minimally invasive operations has been increasing due to the benefits connected with them, which might boost the market's overall growth throughout the forecast period.
KEY MARKET PLAYERS:
Companies that dominate the MEA Laparoscopy Devices Market in this report are Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical, Stryker Medtronic, B. Braun Melsungen AG, Ethicon US LLC, and Smith & Nephew.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product Type
5.1.1 Internal Closure Devices
5.1.2 Hand Access Instruments
5.1.3 Robotic Assisted Surgical System
5.1.4 Laparoscopes
5.1.5 Direct Energy Systems
5.1.6 Insufflation Devices
5.2 By Therapeutic Application
5.2.1 Colorectal Surgery
5.2.2 Gynaecological Surgery
5.2.3 General Surgery
5.2.4 Bariatric Surgery
5.2.5 Urological Surgery
5.3 By End Users
5.3.1 Hospitals
5.3.2 Ambulatory Surgical Centers
5.3.3 Clinics
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Boston Scientific Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Karl Storz
8.3 ConMed
8.4 Aesculap
8.5 Covidien
8.6 Olympus
8.7 Intuitive Surgical
8.8 Stryker
8.9 Medtronic
8.10 B. Braun Melsungen AG
8.11 Ethicon US LLC
8.12 Smith & Nephew
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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