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The endoscopy devices market share in Africa is estimated to increase by USD 292.59 million from 2021 to 2026 at an accelerating CAGR of 6.22%.
This market research report extensively covers endoscopy devices market segmentations by the following:
This endoscopy devices market in Africa research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The endoscopy devices market report in Africa offers information on several market vendors, including B. Braun Melsungen AG, Boston Scientific Corp., FUJIFILM Holdings Corp., HOYA Corp., Johnson and Johnson Inc., KARL STORZ SE and Co. KG, Medtronic Plc, Olympus Corp., Richard Wolf GmbH, and Stryker Corp. among others.
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The technological advancements are notably driving the endoscopy devices market growth in Africa, although factors such as the lack of skilled surgeons may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the endoscopy devices industry in Africa. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Endoscopy Devices Market Driver in Africa
One of the key factors driving growth in the Africa endoscopy devices market is technological advancements. Advances in technology have led to improved visualization technologies in endoscopy devices. These advances provide opportunities for both vendors and healthcare providers to address healthcare challenges such as cost containment, early diagnosis, and affordable healthcare services. The new advances differ in the degree of innovation and stages of development. Some of the popular technologies include natural orifice transluminal endoscopic surgery (NOTES), endoscopic mucosal resection (EMR), and endoscopic ultrasonography (EUS).
Key Endoscopy Devices Market Trend in Africa
One of the key endoscopy devices market trends contributing to the market growth is the increasing prevalence of chronic diseases. The increase in the patient pool with various chronic disorders, especially GI disorders, is driving the endoscopy devices market in Africa. The growing incidence of colorectal, esophageal, or pancreatic cancers, biliary disease, inflammatory bowel disease, and GERD is expected to propel market growth. The changes in lifestyle, such as unhealthy diet and physical inactivity, resulted in several complications, such as raised blood pressure, blood glucose, lipids, and obesity. There has been a rise in morbidity and mortality in the past few years due to chronic diseases such as esophageal cancer, colon cancer, rectal cancer, and GI-related critical disorders. Such factors will contribute towards the growth of the market in focus.
Key Endoscopy Devices Market Challenge in Africa
The lack of skilled surgeons will be a major challenge for the Africa endoscopy devices market during the forecast period. Endoscopy procedures require highly skilled professionals to avoid unnecessary risks and complications. Though many medical facilities are implementing technologically advanced endoscopy devices to diagnose and perform surgeries, the availability of highly skilled healthcare professionals is limited globally. The use of endoscopy devices involves restricted operating area vision, the need for proper hand-eye coordination, and complexity in handling various devices and instruments to enhance the procedural outcome. The hospital staff should be able to use flexible endoscopy equipment and understand the additional preprocessing steps required to prevent cross-contamination and potentially expose patients to infection. They need to be certified to use such devices and perform advanced surgeries. This makes endoscopes less practical for many hospitals, thus inhibiting market growth.
This endoscopy devices market in Africa analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the endoscopy devices market in Africa as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the endoscopy devices market in Africa during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the endoscopy devices market in Africa encompasses successful business strategies deployed by the key vendors. The endoscopy devices market in Africa is fragmented and the vendors are deploying growth strategies such as agreements, collaborative approaches, corporate expansion, and product creation to compete in the market.
B. Braun Melsungen AG - The company offers endoscopes for laparoscopy, arthroscopy, neuro endoscopy.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The endoscopy devices market in Africa forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the endoscopy devices market in Africa, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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55% of the market's growth will originate from South Africa during the forecast period. South Africa is the key market for endoscopy devices in Africa. Market growth in this region will be slower than the growth of the market in Nigeria, Kenya, and the Rest of Africa regions.
The technological innovations and the growing older population will facilitate the endoscopy devices market growth in South Africa over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The emergence of the COVID-19 pandemic in 2020 affected the market growth due to lockdowns. Various gastroenterology procedures were delayed or postponed due to the outbreak of COVID-19. This affected the growth of the endoscopy devices market in the region in 2020. However, the situation improved in 2021 as the vaccination programs were initiated. The market in focus is expected to grow during the forecast period.
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The endoscopy devices market share growth in Africa by the endoscope segment will be significant during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the endoscopy devices market size in Africa and actionable market insights on post COVID-19 impact on each segment.
Endoscopy Devices market - The market share is expected to increase to USD 12.32 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.1%.
France Endoscopy Devices market - The market share is expected to increase by USD 274.10 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.63%.
South Africa Endoscopy Devices market - The market share is expected to increase by USD 474.54 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.25%.
Endoscopy Devices Market Scope in Africa |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.22% |
Market growth 2022-2026 |
$ 292.59 million |
Market structure |
Fragmented |
YoY growth (%) |
5.91 |
Regional analysis |
Africa |
Performing market contribution |
South Africa at 55% |
Key consumer countries |
South Africa, Egypt (Arab Republic of Egypt), Nigeria, Kenya, and Rest of Africa |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
B. Braun Melsungen AG, Boston Scientific Corp., FUJIFILM Holdings Corp., HOYA Corp., Johnson and Johnson Inc., KARL STORZ SE and Co. KG, Medtronic Plc, Olympus Corp., Richard Wolf GmbH, and Stryker Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent Market
*Exhibit 07 Parent market
*Exhibit 08: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 09: Value Chain Analysis: Healthcare Equipment
*2.2.1 Research and development
*2.2.2 Inputs
*2.2.3 Operations
*2.2.4 Distribution
*2.2.5 Marketing and sales
*2.2.6 Post-sales and services
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 10: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 11: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2Estimating growth rates for mature markets
*Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 14: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 15: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 16: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 17: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 18: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 19: Threat of rivalry
**4.7 Market condition
*Exhibit 20: Market condition - Five forces 2021
***5. Market Segmentation by Product
**5.1 Market segments
*Exhibit 21: Product- Market share 2021 - 2026 (%)
**5.2 Comparison by Product
*Exhibit 22: Comparison by Product
**5.3 Endoscope - Market size and forecast 2021-2026
*Exhibit 23: Endoscope - Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Endoscope - Year-over-year growth 2021-2026 (%)
**5.4 Visualization system - Market size and forecast 2021-2026
*Exhibit 25: Visualization system - Market size and forecast 2021-2026 ($ million)
*Exhibit 26: Visualization system - Year-over-year growth 2021-2026 (%)
**5.5 Other endoscope equipment - Market size and forecast 2021-2026
*Exhibit 27: Other endoscope equipment - Market size and forecast 2021-2026 ($ million)
*Exhibit 28: Other endoscope equipment - Year-over-year growth 2021-2026 (%)
**5.6 Accessories - Market size and forecast 2021-2026
*Exhibit 29: Accessories - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Accessories - Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Product
*Exhibit 31: Market opportunity by Product
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 32: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 33: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 34: Geographic comparison
**7.3 South Africa - Market size and forecast 2021-2026
*Exhibit 35: South Africa - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: South Africa - Year-over-year growth 2021-2026 (%)
**7.4 Egypt (Arab Republic of Egypt) - Market size and forecast 2021-2026
*Exhibit 37: Egypt (Arab Republic of Egypt) - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Egypt (Arab Republic of Egypt) - Year-over-year growth 2021-2026 (%)
**7.5 Nigeria - Market size and forecast 2021-2026
*Exhibit 39: Nigeria - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: Nigeria - Year-over-year growth 2021-2026 (%)
**7.6 Kenya - Market size and forecast 2021-2026
*Exhibit 41: Kenya - Market size and forecast 2021-2026 ($ million)
*Exhibit 42: Kenya - Year-over-year growth 2021-2026 (%)
**7.7 Rest of Africa - Market size and forecast 2021-2026
*Exhibit 43: Rest of Africa - Market size and forecast 2021-2026 ($ million)
*Exhibit 44: Rest of Africa - Year-over-year growth 2021-2026 (%)
**7.8 Market opportunity by geography
*Exhibit 45: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Technological advancements
*8.1.2 Improved quality of treatment
*8.1.3 Rising geriatric population
**8.2 Market challenges
*8.2.1 Lack of skilled surgeons
*8.2.2 Risk of infection
*8.2.3 Expensive procedure
*Exhibit 46: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing prevalence of chronic diseases.
*8.3.2 Increasing number of hospitals
*8.3.3 Preference for minimally invasive surgeries
***9. Vendor Landscape
**9.1 Overview
*Exhibit 47: Vendor landscape
**9.2 Landscape disruption
*Exhibit 48: Landscape disruption
*Exhibit 49: Industry Risk
**9.3 Competitive landscape
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 50: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 51: ?Market positioning of vendors?
**10.3 B. Braun Melsungen AG
*Exhibit 52: B. Braun Melsungen AG - Overview
*Exhibit 53: B. Braun Melsungen AG - Business segments
*Exhibit 54: B. Braun Melsungen AG - Key offerings
*Exhibit 55: B. Braun Melsungen AG - Segment focus
**10.4 Boston Scientific Corp.
*Exhibit 56: Boston Scientific Corp. - Overview
*Exhibit 57: Boston Scientific Corp. - Business segments
*Exhibit 58: Boston Scientific Corp. - Key offerings
*Exhibit 59: Boston Scientific Corp. - Segment focus
**10.5 FUJIFILM Holdings Corp.
*Exhibit 60: FUJIFILM Holdings Corp. - Overview
*Exhibit 61: FUJIFILM Holdings Corp. - Business segments
*Exhibit 62: FUJIFILM Holdings Corp. - Key offerings
*Exhibit 63: FUJIFILM Holdings Corp. - Segment focus
**10.6 HOYA Corp.
*Exhibit 64: HOYA Corp. - Overview
*Exhibit 65: HOYA Corp. - Business segments
*Exhibit 66: HOYA Corp. - Key offerings
*Exhibit 67: HOYA Corp. - Segment focus
**10.7 Johnson and Johnson Inc
*Exhibit 68: Johnson and Johnson Inc. - Overview
*Exhibit 69: Johnson and Johnson Inc. - Business segments
*Exhibit 70: Johnson and Johnson Inc. - Key offerings
*Exhibit 71: Johnson and Johnson Inc. - Segment focus
**10.8 KARL STORZ SE and Co. KG
*Exhibit 72: KARL STORZ SE and Co. KG - Overview
*Exhibit 73: KARL STORZ SE and Co. KG - Product and service
*Exhibit 74: KARL STORZ SE and Co. KG - Key offerings
**10.9 Medtronic Plc
*Exhibit 75: Medtronic Plc - Overview
*Exhibit 76: Medtronic Plc - Business segments
*Exhibit 77: Medtronic Plc - Key news
*Exhibit 78: Medtronic Plc - Key offerings
*Exhibit 79: Medtronic Plc - Segment focus
**10.10 Olympus Corp.
*Exhibit 80: Olympus Corp. - Overview
*Exhibit 81: Olympus Corp. - Business segments
*Exhibit 82: Olympus Corp. - Key news
*Exhibit 83: Olympus Corp. - Key offerings
*Exhibit 84: Olympus Corp. - Segment focus
**10.11 Richard Wolf GmbH
*Exhibit 85: Richard Wolf GmbH - Overview
*Exhibit 86: Richard Wolf GmbH - Product and service
*Exhibit 87: Richard Wolf GmbH - Key offerings
**10.12 Stryker Corp.
*Exhibit 88: Stryker Corp. - Overview
*Exhibit 89: Stryker Corp. - Business segments
*Exhibit 90: Stryker Corp. - Key news
*Exhibit 91: Stryker Corp. - Key offerings
*Exhibit 92: Stryker Corp. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 93: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 94: ?Research Methodology
*Exhibit 95: ??Validation techniques employed for market sizing?
*Exhibit 96: ??Information sources
**11.4 List of abbreviations
*Exhibit 97: List of abbreviations
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