The high cost of robotic-assisted surgeries and the shortage of skilled professionals are among the major factors that restrain the Middle East and North Africa laparoscopy devices market.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Middle East and North Africa Laparoscopy Devices Market.
According to this study, the market size of the Middle East and North Africa laparoscopy devices was valued at $752 million in 2021 and is projected to reach $1.73 billion by 2031.
The following factors are responsible for the increase in demand for laparoscopy devices in the Middle East and North Africa market:
- Rising preference for minimally invasive surgeries
- Increase in the prevalence of chronic diseases in the geriatric population
- Rising technological advancements
- Increase in medical tourism in countries
The detailed study is a compilation of 25 market data tables and 169 figures spread through 202 pages.
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Analyst’s Take on the Market Projection
According to Swati Sood, Principal Analyst, BIS Research, “A rise in the development of robotic-assisted surgical systems is a major trend for the Middle East and North Africa laparoscopy devices market. Recently, there have been only two-three companies that provide their robotic-assisted surgical systems in the region. This includes Intuitive Surgical, Boston Scientific, and Asensus Surgical. The Middle East and North Africa region currently does not have robotic systems in all countries. Since the high cost of the robotic system is one of the limiting factors, manufacturers of surgical robotics are expected to focus on the development of low-cost surgical robotic systems.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are
- Applied Medical Resources Corporation
- Arthrex, Inc.
- Asensus Surgical, Inc.
- Barco N.V.
- Braun SE
- Boston Scientific Corporation
- CONMED Corporation
- Human Xtensions Ltd.
- Intuitive Surgical, Inc.
- Johnson & Johnson
- KARL STORZ SE & Co. KG
- Medtronic plc
- Olympus Corporation
- Peters Surgical
- Seger Surgical Solutions Ltd
- Stryker Corporation
- Virtual Ports and more.
Recent Developments in the 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.
General Surgery is Expected to be the Leading Application Type
Based on application, the market is broadly classified into general surgery, gynecological surgery, urological surgery, bariatric surgery, and other surgeries in terms of applications.
According to the study conducted by BIS Research, general surgery is expected to be the major application in the Middle East and North Africa laparoscopy devices market during the forecast period of 2022-2031.
Minimally invasive surgery is a surgery in which one or more small incisions are made in the body. It utilizes tiny surgical instruments, such as a laparoscope, inserted through one opening to guide the whole surgical procedure.
As compared to open surgeries, minimally invasive surgery is more beneficial as it encourages less pain, quick recovery, less trauma, shorter hospital stays, and more safety since there is less blood loss and a lower risk of infection.
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