The Middle East and North Africa Laparoscopy Devices Market was valued at $752.0 million in 2021 and is anticipated to reach $1,731.4 million by 2031, witnessing a CAGR of 7.71% during the forecast period 2022-2031. The market is driven by factors such as the rising preference for minimally invasive surgeries, increase in the prevalence of chronic diseases in the geriatric population, rising technological advancement, and increase in medical tourism in some countries.
Market Lifecycle Stage
The laparoscopy devices market is still in the development phase. Increased research and development activities are underway to develop more products. The market is driven by factors such as the rising preference for minimally invasive surgeries and increase in the prevalence of chronic diseases in the geriatric population, among others. The rising preference for surgeries over open surgeries is leading to the increased demand for laparoscopy devices such as laparoscopes and energy devices, and the integration of industry with robotics is a major opportunity in the Middle East and North Africa laparoscopy devices market.
Impact of COVID-19
The COVID-19 pandemic led to the deferral of surgical procedures. The impact of COVID-19 on laparoscopy devices is ambiguous, as surgeries were limited during the pandemic. Before the COVID-19 pandemic, laparoscopic surgeries were majorly undertaken in hospitals and clinical facilities. Owing to factors such as travel restrictions and the risk of transmission of the virus, there was a decrease in laparoscopic surgeries.
As the recovery phase of the COVID-19 pandemic begins, laparoscopy device procedures are expected to normalize.
In addition to this, the COVID-19 pandemic also helped in the adoption of disposable laparoscopy devices. Single-use laparoscopy devices eliminate the risk of cross-contamination, which turned out to be a favorable condition for their adoption during the COVID-19 pandemic.
Market Segmentation:
Segmentation 1: by Product
• Conventional Laparoscopy Devices
o Laparoscopes
o Hand Instruments
o Access Devices
o Energy Devices
o Closure Devices
o Insufflators
o Others
• Robotic-Assisted Laparoscopy Devices
o Systems
o Instruments and Accessories
o Services
The Middle East and North Africa laparoscopy devices market (by product) is expected to be dominated by the conventional laparoscopy devices segment.
Segmentation 2: by Application
• General Surgery
• Gynecological Surgery
• Urological Surgery
• Bariatric Surgery
• Other Surgeries
General surgery is expected to be the major application in the Middle East and North Africa laparoscopy devices market.
Segmentation 3: by Country
• Turkey
• U.A.E
• K.S.A
• Israel
• Rest-of-Middle East and North Africa
The Middle East and North Africa laparoscopy devices market (by country) is expected to be dominated by Turkey.
Segmentation 4: by End User
• Hospitals
• Ambulatory Surgical Centres
• Others
The Middle East and North Africa laparoscopy devices market (by end user) is dominated by the hospital segment.
Recent Developments in Middle East and North Africa Laparoscopy Devices Market
• In January 2022, Seger Surgical Solutions Ltd announced that it had launched the next-generation laparoscopic stapler for intracorporeal anastomosis in the market.
• In September 2021, Olympus Corporation strengthened its surgical portfolio with the launch of POWERSEAL advanced bipolar surgical energy devices.
• In December 2021, Intuitive Surgical, Inc. received FDA clearance for an 8 mm SureForm 30 curved-tip stapler for use in general, thoracic, gynecologic, urologic, and pediatric surgery.
• In January 2020, KARL STORZ SE & Co KG introduced a new 3D surgical imaging system and modular camera platform at Arab Health 2020.
• In March 2019, Stryker Corporation acquired an Israel-based company named Orthospace Ltd. to expand its product portfolio.
• In June 2018, Stryker Corporation signed a definitive agreement to acquire SafeAir AG, a Swiss medical device company dedicated to the design, development, and manufacture of innovative surgical smoke evacuation solutions, for the expansion of the surgical business.
Demand – Drivers and Limitations
Following are the drivers for the Middle East and North Africa laparoscopy devices market:
• Rising Preference for Minimally Invasive Surgeries
• Increase in Prevalence of Chronic Diseases in Geriatric Population
• Rising Technological Advancements
• Increase in Medical Tourism in Countries
The market is expected to face some limitations too, due to the following challenges:
• High Cost of Robotic-Assisted Minimally Invasive Surgeries and Shortage of Skilled Professionals
• Lack of Reimbursement Policies
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How can this report add value to an organization?
Type: The type segment helps the reader understand the different types of laparoscopy products available in the market. Moreover, the study provides the reader with a detailed understanding of products that fall under the two main segments, i.e., conventional laparoscopy devices and robotic assisted laparoscopy devices.
Growth/Marketing Strategy: The Middle East and North Africa laparoscopy devices market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been regulatory and legal activities, partnerships, alliances, and business expansions to strengthen their position in the market. For instance, in March 2019, Stryker Corporation acquired an Israel-based company, named Orthospace Ltd., and in September 2021, Olympus Corporation strengthened its surgical portfolio with the launch of POWERSEAL advanced bipolar surgical energy devices.
Competitive Strategy: Key players in the global Middle East and North Africa laparoscopy devices market analyzed and profiled in the study involve established and emerging players that offer different products for laparoscopy devices. Moreover, a detailed competitive benchmarking of the players operating in the global Middle East and North Africa laparoscopy devices market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
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Global Laparoscopy Devices Market Research Report: Information by Product (Laparoscopes, Energy Devices), Application (General Surgery, Gynecological Surgery), End User (Hospitals & Clinics, Specialty Centers), Region—Forecast till 2023The Global Laparoscopic Devices Market Size is expected to exhibit a robust 7.2% CAGR over the forecast period from 2018 to 2023, according to a new research report from Market Research Future (MRFR).
The growing demand for minimally invasive medical procedures and the growing efficiency of laparoscopic procedures are likely to be the key drivers for the global laparoscopy devices market over the forecast period.Laparoscopy procedures are performed with a fiber-optic instrument, which is inserted into the abdominal wall to view the internal organs in the abdominal cavity.
Small surgical procedures can also be performed with laparoscopy devices, although it’s not their primary remit.
The demand for laparoscopy devices is mainly driven by the growing demand for effective imaging for diagnostic purposes in diseases such as urinary diseases, gynecological diseases, cancer, and other chronic diseases.
Since laparoscopy consists of physically moving a camera up to the location of the disease, it provides better imaging results than other imaging modalities, which is likely to drive the demand from the laparoscopy devices market over the forecast period.The growing prevalence of colorectal cancer and gynecological disorders is likely to be a major driver for the laparoscopy devices market over the forecast period.
According to the CDC, more than two-thirds of all Americans in the age group of 50-75 were screened for colorectal cancer in 2016, leading to a consistent demand for laparoscopy devices.
