South Africa Urology Lasers Market Size & Outlook
South Africa urology lasers market, 2018-2030 (US$M)
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South Africa urology lasers market highlights
- The South Africa urology lasers market generated a revenue of USD 24.1 million in 2023 and is expected to reach USD 37.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, holmium laser system was the largest revenue generating laser type in 2023.
- Other Thulium Laser System is the most lucrative laser type segment registering the fastest growth during the forecast period.
Urology lasers market data book summary
| Market revenue in 2023 | USD 24.1 million |
| Market revenue in 2030 | USD 37.3 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Holmium laser system |
| Fastest growing segment | Other Thulium Laser System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Holmium Laser System, Diode Laser System, Other Thulium Laser System, Laser Type |
| Key market players worldwide | Olympus Corp, Boston Scientific Corp, Lumenis, Cook Medical, Becton Dickinson & Co, OmniGuide, Allengers Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.2% of the global urology lasers 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 urology lasers market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 37.3 million by 2030.
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Urology Lasers Market Scope
Urology Lasers Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa urology lasers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to urology lasers market will help companies and investors design strategic landscapes.
Holmium laser system was the largest segment with a revenue share of 29.46% in 2023. Horizon Databook has segmented the South Africa urology lasers market based on holmium laser system, diode laser system, other thulium laser system, laser type covering the revenue growth of each sub-segment from 2018 to 2030.
The country is well-positioned to increase its medical device production, according to research by the South African Medical Research Council that was released in March 2021. But obstacles like poor R&D spending and a fragmented industry are preventing the country's market from expanding.
Therefore, during the forecast period, the incidence of chronic diseases is anticipated to boost market growth. As South Africa's economy is not entirely solid, major healthcare systems are focusing on raising money and supporting government projects.
The highest prevalence of hypertension and number of cases of resistant hypertension are found in South Africa. Some of the key drivers propelling the market are rising healthcare spending and rising adoption of advanced healthcare facilities.
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Our clientele includes a mix of urology lasers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa urology lasers market , including forecasts for subscribers. This country databook contains high-level insights into South Africa urology lasers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa urology lasers market size, by laser type, 2018-2030 (US$M)
South Africa Urology Lasers Market Outlook Share, 2023 & 2030 (US$M)
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