The Middle East & Africa General Surgical Devices Market is expected to grow with a CAGR of 11.8% during the forecasted period. The key factors propelling the growth of this market are rising demand for minimally invasive devices, increasing healthcare expenditure and growing cases of injuries and accidents.
In Sub-Saharan Africa, by 2030, chronic diseases like heart disease, and kidney failure will become the major killers and chronic diseases will account for 42% of all deaths in the region, up from 25% in 2014, as per World Health Organization (WHO). This factor will boost the market because in near future rise in chronic diseases which ultimately increases the surgical procedures which will drive the market.
Moreover, the presence of good medical tourism and international companies attracting many investors for investing in this region, specially UAE and Saudi which will boost the market in coming years.
Key Market Trends
Handheld Device is Expected to Dominate the General Surgical Devices Market
Handheld surgical devices are becoming increasingly advanced. The development of advanced devices, like robotic hand-held surgical devices for laparoscopic interventions, enhances a surgeon’s dexterity. Many innovations have been made, due to the need for high reliability, accuracy, and patient safety.
Needle holders are very similar in shape to hemostats, featuring jaws, and handles. Needle holders allow the needle to be locked into place for suturing, in a variety of tissue types. Surgical operations demand surgeons to frequently engage in hand-intensive activities, including suturing. The market is growing, due to the rise in minimally invasive surgical procedures and an increase in outpatient surgeries.
According to the Heart and Stroke Foundation South Africa, every hour in South Africa five people have heart attacks, 10 people have strokes and of those events, 10 people will actually die from it.
Thus, owing to above mentioned factors the segment is expected to show significant growth over the forecast period.
The Middle East & Africa General Surgical Devices Market is fragmented competitive and focused because of the presence of many large, medium, and small players. Some of the major players of the market are B. Braun Melsungen AG, Johnson & Johnson, Stryker Corporation, Olympus Corporations, Medtronic PLC, Maquet Holding BV & Co. KG (Getinge Group), Integer Holdings Corporation, Smith & Nephew and 3M Company.
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