South Africa Vessel Sealing Devices Market Size & Outlook
South Africa vessel sealing devices market, 2018-2030 (US$M)
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South Africa vessel sealing devices market highlights
- The South Africa vessel sealing devices market generated a revenue of USD 6.5 million in 2023 and is expected to reach USD 12.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, laparoscopic surgery was the largest revenue generating application in 2023.
- Laparoscopic Surgery is the most lucrative application segment registering the fastest growth during the forecast period.
Vessel sealing devices market data book summary
| Market revenue in 2023 | USD 6.5 million |
| Market revenue in 2030 | USD 12.3 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Laparoscopic surgery |
| Fastest growing segment | Laparoscopic Surgery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General Surgery, Laparoscopic Surgery |
| Key market players worldwide | Medtronic PLC, Olympus Corp, B. Braun, Johnson & Johnson, OmniAb Inc, Intuitive Surgical Inc, Hologic Inc, Erbe Elektromedizin, Bowa Medical, Bolder Surgical, KLS Martin Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% of the global vessel sealing 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, Saudi Arabia vessel sealing devices market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8.0 million by 2030.
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Vessel Sealing Devices Market Scope
Vessel Sealing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa vessel sealing devices 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 vessel sealing devices market will help companies and investors design strategic landscapes.
Laparoscopic surgery was the largest segment with a revenue share of 63.08% in 2023. Horizon Databook has segmented the South Africa vessel sealing devices market based on general surgery, laparoscopic surgery covering the revenue growth of each sub-segment from 2018 to 2030.
According to the South African Medical Research Council report, published in March 2021, the country is well positioned to expand its medical device manufacturing. However, barriers such as low R&D investment and fragmented industry are limiting market growth in the country.
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Our clientele includes a mix of vessel sealing devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa vessel sealing devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa vessel sealing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa vessel sealing devices market size, by application, 2018-2030 (US$M)
South Africa Vessel Sealing Devices Market Outlook Share, 2023 & 2030 (US$M)
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