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The endoscopy devices market share in South Africa 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%.
This endoscopy devices market in South Africa research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers endoscopy devices market in South Africa segmentation by product (endoscope, mechanical endoscopic equipment, visualization and documentation systems, accessories, and other endoscopy equipment) and end-user (hospitals, ambulatory surgery centers and clinics, and others). The endoscopy devices market in South Africa report also offers information on several market vendors, including Boston Scientific Corp., Cook Group Inc., FUJIFILM Holdings Corp., HOYA Corp., Johnson and Johnson Inc., Medtronic Plc, Olympus Corp., Richard Wolf GmbH, Smith and Nephew plc, and Stryker Corp. among others.
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The growing preference for minimally invasive surgical procedures is notably driving the endoscopy devices market growth in South Africa, although factors such as shortage of trained professionals 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 market industry in South 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 South Africa
The growing preference for minimally invasive surgical procedures is one of the key drivers supporting the endoscopy devices market growth in South Africa. This procedure has outstanding medical characteristics such as fewer cuts, smaller incisions, less discomfort, shorter recovery time, and significant cost savings. Smaller incisions, less postoperative discomfort, and quick recovery influenced doctors to make it their first option over open surgeries. As a result, the growing number of physician-owned ambulatory surgery centers (ASCs) is fueling market expansion. Furthermore, as the need for automation in hospital processes has increased, surgeons are using robotic-assisted surgeries to simplify procedures and thereby lessen the strain on the patients Thus, these factors will have a positive impact on the endoscopy devices market in South Africa during the forecast period.
Key Endoscopy Devices Market Trend in South Africa
The rising adoption of robot-assisted surgeries is another factor supporting the endoscopy devices market growth in South Africa. Advanced robotic systems provide surgeons more control and vision during surgeries, which allows them to execute safer, less invasive, and more precise surgeries. During robotic-assisted surgeries, doctors control four robotic arms from a console equipped with two master controllers. The surgeon can watch the procedure better than ever before by seeing a high-resolution 3D picture on the console. Computer software can conduct extremely accurate motions in place of human hand movements. It boosts the success rate of procedures with precise motions, hence boosting the growth of robot-assisted surgeries. These factors will fuel the demand for endoscopy devices in South Africa and drive the market growth during the forecast period.
Key Endoscopy Devices Market Challenge in South Africa
The shortage of trained professionals is one of the factors hindering the endoscopy devices market growth in South Africa. Endoscopy physicians and surgeons are in short supply all over the world. These must be performed by trained professionals to prevent the complications or failure of surgeries. The global shortage of skilled endoscopy physicians and nurses is expected to have a negative impact on the number of endoscopy procedures performed each year. Thus, the shortage of trained professionals in endoscopy procedures is hindering the growth of the global endoscopy devices market, which, in turn, is having a negative impact on the endoscopy devices market in South Africa and will continue to do so during the forecast period.
This endoscopy devices market in South 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 South 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 South 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 South Africa encompasses successful business strategies deployed by the key vendors. The endoscopy devices market in South Africa is fragmented and the vendors are deploying growth strategies such as price and quality of products, as well as distribution and promotion to compete in the market.
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 South 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 South Africa, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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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The endoscopy devices market share growth in South Africa by the endoscope segment will be significant during the forecast period. Endoscopes are minimally invasive instruments that can be inserted into body openings such as the mouth or anus. They can also be inserted through small incisions, such as those in the knee or abdomen. Keyhole surgery refers to surgery performed through a small incision and aided by special instruments such as an endoscope. It allows operations on more fragile patients, notably the elderly, as well as the treatment of more complex diseases, such as cancer. As modern endoscopy has a relatively less number of risks, is rapid, and delivers detailed images, it has proven incredibly useful in many areas of medicine. Such advantages will drive the segment growth 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 South Africa and actionable market insights on post COVID-19 impact on each segment.
Endoscopy Devices Market Scope in South Africa |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.25% |
Market growth 2022-2026 |
$ 474.54 million |
Market structure |
Fragmented |
YoY growth (%) |
7.25 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Boston Scientific Corp., Cook Group Inc., FUJIFILM Holdings Corp., HOYA Corp., Johnson and Johnson Inc., Medtronic Plc, Olympus Corp., Richard Wolf GmbH, Smith and Nephew plc, 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 6
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market Characteristics
**2.2 Value chain analysis
*Exhibit 08: 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 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Product
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 20: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 21: Comparison by Product
**5.3 Endoscope - Market size and forecast 2021-2026
*Exhibit 22: Endoscope - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Endoscope - Year-over-year growth 2021-2026 (%)
**5.4 Mechanical endoscopic equipment - Market size and forecast 2021-2026
*Exhibit 24: Mechanical endoscopic equipment - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Mechanical endoscopic equipment - Year-over-year growth 2021-2026 (%)
**5.5 Visualization and documentation systems - Market size and forecast 2021-2026
*Exhibit 26: Visualization and documentation systems - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Visualization and documentation systems - Year-over-year growth 2021-2026 (%)
**5.6 Accessories - Market size and forecast 2021-2026
*Exhibit 28: Accessories - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Accessories - Year-over-year growth 2021-2026 (%)
**5.7 Other endoscopy equipment - Market size and forecast 2021-2026
*Exhibit 30: Other endoscopy equipment - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Other endoscopy equipment - Year-over-year growth 2021-2026 (%)
**5.8 Market opportunity by Product
*Exhibit 32: Market opportunity by Product
***6. Market Segmentation by End-user
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 33: End-user - Market share 2021-2026 (%)
**6.2 Comparison by End-user
*Exhibit 34: Comparison by End-user
**6.3 Hospitals - Market size and forecast 2021-2026
*Exhibit 35: Hospitals - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Hospitals - Year-over-year growth 2021-2026 (%)
**6.4 Ambulatory surgery centers and clinics - Market size and forecast 2021-2026
*Exhibit 37: Ambulatory surgery centers and clinics - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Ambulatory surgery centers and clinics - Year-over-year growth 2021-2026 (%)
**6.5 Others - Market size and forecast 2021-2026
*Exhibit 39: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: Others - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by End-user
*Exhibit 41: Market opportunity by End-user
***7. Customer Landscape
**7.1 Overview
*Exhibit 42: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing preference for minimally invasive surgical procedures
*8.1.2 Technological advancement in endoscopy devices
*8.1.3 Increasing adoption of endoscopes for treatment and diagnosis
**8.2 Market challenges
*8.2.1 Shortage of trained professionals
*8.2.2 Procedural risks associated with endoscopic surgeries
*8.2.3 Stringent regulatory measures
*Exhibit 43: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Rising adoption of robot-assisted surgeries
*8.3.2 Increasing prevalence of chronic diseases
*8.3.3 Increased adoption of endoscopy visualization systems
***9. Vendor Landscape
**9.1 Overview
*Exhibit 44: Vendor landscape
**9.2 Landscape disruption
*Exhibit 45: Landscape disruption
*Exhibit 46: Industry risks
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 47: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 48: Market positioning of vendors
**10.3 Boston Scientific Corp.
*Exhibit 49: Boston Scientific Corp. - Overview
*Exhibit 50: Boston Scientific Corp. - Business segments
*Exhibit 51: Boston Scientific Corp. - Key offerings
*Exhibit 52: Boston Scientific Corp. - Segment focus
**10.4 Cook Group Inc.
*Exhibit 53: Cook Group Inc. - Overview
*Exhibit 54: Cook Group Inc. - Product and service
*Exhibit 55: Cook Group Inc. - Key offerings
**10.5 FUJIFILM Holdings Corp.
*Exhibit 56: FUJIFILM Holdings Corp. - Overview
*Exhibit 57: FUJIFILM Holdings Corp. - Business segments
*Exhibit 58: FUJIFILM Holdings Corp. - Key offerings
*Exhibit 59: FUJIFILM Holdings Corp. - Segment focus
*10.6 HOYA Corp.
*Exhibit 60: HOYA Corp. - Overview
*Exhibit 61: HOYA Corp. - Business segments
*Exhibit 62: HOYA Corp. - Key offerings
*Exhibit 63: HOYA Corp. - Segment focus
**10.7 Johnson and Johnson Inc.
*Exhibit 64: Johnson and Johnson Inc. - Overview
*Exhibit 65: Johnson and Johnson Inc. - Business segments
*Exhibit 66: Johnson and Johnson Inc. - Key offerings
*Exhibit 67: Johnson and Johnson Inc. - Segment focus
**10.8 Medtronic Plc
*Exhibit 68: Medtronic Plc - Overview
*Exhibit 69: Medtronic Plc - Business segments
*Exhibit 70: Medtronic Plc – Key news
*Exhibit 71: Medtronic Plc - Key offerings
*Exhibit 72: Medtronic Plc - Segment focus
**10.9 Olympus Corp.
*Exhibit 73: Olympus Corp. - Overview
*Exhibit 74: Olympus Corp. - Business segments
*Exhibit 75: Olympus Corp. – Key news
*Exhibit 76: Olympus Corp. - Key offerings
*Exhibit 77: Olympus Corp. - Segment focus
**10.10 Richard Wolf GmbH
*Exhibit 78: Richard Wolf GmbH - Overview
*Exhibit 79: Richard Wolf GmbH - Product and service
*Exhibit 80: Richard Wolf GmbH - Key offerings
**10.11 Smith and Nephew plc
*Exhibit 81: Smith and Nephew plc - Overview
*Exhibit 82: Smith and Nephew plc - Business segments
*Exhibit 83: Smith and Nephew plc - Key offerings
*Exhibit 84: Smith and Nephew plc - Segment focus
**10.12 Stryker Corp.
*Exhibit 85: Stryker Corp. - Overview
*Exhibit 86: Stryker Corp. - Business segments
*Exhibit 87: Stryker Corp. - Key news
*Exhibit 88: Stryker Corp. - Key offerings
*Exhibit 89: Stryker Corp. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 90: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 91: Research Methodology
*Exhibit 92: Validation techniques employed for market sizing
*Exhibit 93: Information sources
**11.4 List of abbreviations
*Exhibit 94: List of abbreviations
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