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South Africa Minimally Invasive Surgical Devices Market (2018-2023): CAGR to Grow at 7.3% - Analysis on Abbott Labs, GE Healthcare, J&J, Medtronic, Siemens, Zimmer Biomet, and more - ResearchAndMarkets.com

September 26, 2018

DUBLIN--(BUSINESS WIRE)--Sep 26, 2018--The “South Africa Minimally Invasive Surgical Devices Market - Segmented by Product, by Technology, Application, - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The South Africa Minimally Invasive Surgical Devices Market is expected to register a CAGR of nearly 7.3% during 2018-2023. Electrosurgical systems are projected to dominate the market. Minimally invasive surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time, which is driving market growth. Other factors which are driving the MIS devices market growth are improved patient quality of life and increasing number of surgeries among the aging population, minimally invasive surgeries help reduce health care costs and time, and increasing prevalence of lifestyle-related and chronic disorders. South Africa is facing a shortage of such healthcare professionals. Due to this, patients who prefer minimally invasive procedures are reluctant to undergo conventional procedures. Both of these factors are limiting the scope of this market in South Africa.

The lack of skilled professional surgeons and the resource-limited environment in LMICs also hampers the progress of laparoscopic training, with the lack of expert trainers. In many parts of Africa, laparoscopic surgery is much more common in private hospitals due to the availability of funding for equipment and maintenance. Hence, the lack of skilled professional is a major restraint for the market.

Other factors such as stringent regulatory framework and insurance plans for medical devices are restraining the market is also restraining the growth of the market.

Major Developments in the Market

GE and Roche entered a partnership to develop an integrated digital diagnostics platform to improve oncology and critical care treatment. Companies ProfiledAbbott LaboratoriesGE HealthcareIntuitive SurgicalJohnson & JohnsonMedtronicPhilips HealthcareSiemensSmith & NephewStryker CorporationZimmer BiometApplied Medical Corporation

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Market Dynamics

7. Market Segmentation

8. Company Profiles & Competitive Landscape

9. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/pm97wl/south_africa?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005439/en/

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Related Topics:Surgical Procedures ,Surgical Devices

KEYWORD: SOUTH AFRICA AFRICA

INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/26/2018 07:30 AM/DISC: 09/26/2018 07:30 AM

http://www.businesswire.com/news/home/20180926005439/en

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