Middle East and Africa Surgical Equipment Market

Market Overview

The Middle East and Africa surgical equipment market size witnessed significant growth in the past and is expected to grow at a CAGR of 0.79% during the forecast period (2023-2030).

Surgical equipment refers to tools that modify biological tissue or gain access to the internal body. The market for these tools is primarily driven by the introduction of modern electronic technologies, such as minimally invasive surgery equipment and robotic and power-assisted systems.

The market’s growth is also supported by factors like the increasing preference for robotic-assisted surgery and the rise in the elderly population, who are more prone to ocular disorders, gastric disorders, intestinal disorders, and other health conditions. Robotic-assisted surgery gives surgeons better control, access, and precision during procedures while minimizing invasiveness.

Highlights

• Reusable dominated the market by product.
• Others dominated the market by application in disposable and reusable products.
• Hospitals and Clinics dominated the market by end-user in disposable and reusable products.
• Surgical sutures and staplers dominated the market by product in disposable products.
• Handheld Surgical Devices dominated the market by product in reusable products.
• The Rest of the Middle East and Africa dominated the market by region.

Market Dynamics

Market Drivers

Growth in Demand for Minimally Invasive Surgeries

In the Middle East and Africa, the market for surgical equipment has witnessed a notable transition from conventional surgical procedures to minimally invasive surgeries. These advanced procedures incorporate robotic technology, providing surgeons precise control during surgery. This advancement has contributed to improved success rates, thereby fueling market expansion. Minimally invasive surgeries involve smaller incisions, reducing scarring and preserving the organ's original structure without compromising its cellular layers.

Furthermore, these surgeries offer advantages such as decreased post-operative pain and faster recovery, leading to more surgeons performing them in outpatient settings. This shift has led to the rise of physician-owned ambulatory surgical centers (ASCs), which further drive market growth.

Market Restraints

High Price Competition

Major manufacturers in the surgical equipment market are encountering competition from local manufacturers who offer comparable equipment at more affordable prices. This has influenced the market share of key manufacturers, as they are compelled to reevaluate their pricing strategies considering the availability of cheaper alternatives. The fierce competition among prominent players has led to price reductions in surgical equipment, hampered market growth, and impacted overall revenue.

Implementing this tax policy has presented challenges for manufacturers of medical devices, potentially hindering the growth of the surgical equipment market in the U.S. The medical excise taxes have reduced manufacturers' profitability, increasing price-based competition among major players.

Market Opportunities

Various Growth Opportunities from Emerging Economies

The expansion of the surgical equipment market is projected to be fueled by potential opportunities in untapped emerging markets with promising prospects. These markets demonstrate enhanced healthcare infrastructure, unmet healthcare demands, a rising prevalence of chronic diseases, and an increasing desire for minimally invasive surgical procedures. Emerging economies are experiencing notable advancements in their healthcare sectors, driven by growing demands for improved healthcare services, substantial government investments in healthcare infrastructure development, and the flourishing medical tourism industry.

Segmental Analysis

The Middle East and Africa surgical equipment market is segmented into type, application, end-user, and products.

The market is segmented by type into disposable and reusable. Reusable dominated the market and are expected to register a CAGR of 6.6% over the forecast period.

Disposable types of equipment are further segmented into application, end-user, and product.

It is further segmented by application into neurosurgery, plastic and reconstructive surgery, wound closure, obstetrics, gynecology, cardiovascular, trauma, orthopedic, ophthalmic, and others.

Others dominated the market and are expected to register a CAGR of 7.8% over the forecast period.

It is further segmented by end-user into hospitals, clinics, ambulatory centers, and others.

Hospitals and Clinics dominated the market and are expected to register a CAGR of 9.0% over the forecast period.

It is further segmented by product into surgical sutures and staplers, handheld surgical devices, electrosurgical devices, and surgical kits.

Surgical sutures and staplers dominated the market and are expected to register a CAGR of 8.7% over the forecast period.

Reusable types of equipment are further segmented into application, end-user, and product.

It is further segmented by application into neurosurgery, plastic and reconstructive surgery, wound closure, obstetrics, gynecology, cardiovascular, trauma, orthopedic, ophthalmic, and others.

Others dominated the market and are expected to register a CAGR of 7.7% over the forecast period.

It is further segmented by end-user into hospitals, clinics, ambulatory centers, and others.

Hospitals and Clinics dominated the market and are expected to register a CAGR of 7.4% over the forecast period.

It is further segmented by product into surgical sutures and staplers, handheld surgical devices, electrosurgical devices, and surgical kits.

Handheld Surgical Devices dominated the market and are expected to register a CAGR of 7.0% over the forecast period.

Regional Analysis

The Middle East and Africa surgical equipment market is segmented by country: Saudi Arabia, Qatar, UAE, the Rest of the Middle East, and Africa. The Rest of the Middle East and Africa dominated the market with a CAGR of 0.81% during the forecast period.

The Middle East and Africa region presents a growing market for surgical equipment driven by various factors. The region has witnessed an increase in the prevalence of chronic diseases, leading to a rise in surgical procedures. Additionally, the improving healthcare infrastructure and rising investments in the healthcare sector have contributed to market growth. Countries such as Saudi Arabia, the United Arab Emirates, and South Africa are expected to offer significant opportunities due to their expanding healthcare systems and increasing focus on medical tourism.

Recent Developments

• May 2022- Zimmer Biomet Holdings, Inc. launched new AI capabilities within Omni Suite, an intelligent OR designed to increase surgical workflow and procedural efficiency by automating manual operations and reducing superfluous technology and redundant hardware. The new AI function automatically recognizes and timestamps important OR workflow milestones, including patient arrival and exit, door count, anesthetic start and stop, surgery, and cleaning. Real-time workflow indicators direct surgical teams to optimize OR workflow.
• May 2022- Alcon, a leader in eye care who is committed to enabling people to see clearly, has announced that it has reached an agreement to purchase Kala Pharmaceuticals, Inc.’s EYSUVIS (loteprednol etabonate solution) 0.25 percent will enhance Alcon’s current offering in the sizable and quickly expanding dry eye segment.