South Africa Laparoscopic Devices Market Size & Outlook
South Africa laparoscopic devices market, 2018-2030 (US$M)
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South Africa laparoscopic devices market highlights
- The South Africa laparoscopic devices market generated a revenue of USD 157.7 million in 2023 and is expected to reach USD 250.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.8% 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.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 157.7 million |
| Market revenue in 2030 | USD 250.4 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 2.0% of the global laparoscopic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa laparoscopic devices market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 209.9 million by 2030.
Energy systems was the largest segment with a revenue share of 25.24% in 2023. 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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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa laparoscopic devices market size, by product, 2018-2030 (US$M)
South Africa Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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