Middle East & Africa Laparoscopic Devices Market Size & Outlook
Middle East & Africa laparoscopic devices market, 2018-2030 (US$M)
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MEA laparoscopic devices market highlights
- The MEA laparoscopic devices market generated a revenue of USD 892.0 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 892.0 million |
| Market revenue in 2030 | USD 1,497.0 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 11.6% of the global laparoscopic devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,685.1 million by 2030.
Energy systems was the largest segment with a revenue share of 23.3% in 2023. Horizon Databook has segmented the Middle East & Africa laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa laparoscopy devices market is anticipated to witness significant growth over the forecast period, which can be attributed to growing healthcare expenditure in the region. In addition, availability of healthcare insurance and improving infrastructure are among the factors creating growth opportunities for healthcare companies.
The Middle East and African countries, such as Saudi Arabia and South Africa, are developing economies. Growing health insurance penetration, and increasing regional disease burden are among the major factors driving growth of the laparoscopy devices market in this region.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA laparoscopic devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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