Market revenue in 2024 | USD 166.9 million |
Market revenue in 2030 | USD 250.4 million |
Growth rate | 7% (CAGR from 2024 to 2030) |
Largest segment | Energy systems |
Fastest growing segment | Robot Assisted Systems |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 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 |
Energy systems was the largest segment with a revenue share of 24.81% in 2024. Horizon Databook has segmented the South 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.
According to the World Bank, in 2016, South Africa spent 8.11% of its GDP on healthcare. Despite economic challenges, healthcare industry in the country is growing at a significant rate. Moreover, according to Cancer Association of South Africa, 1 in every 152 men in South Africa are being diagnosed with bladder cancer.
In addition, the number of people suffering from bladder cancer is expected to increase from 1,763 in 2018 to 2,114 in 2025. Thus, increasing government healthcare spending, rising awareness about cancer procedures & treatments, and growing prevalence of bladder cancer are expected to fuel growth of the South African market during the forecast period.
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