Middle East and North Africa Laparoscopy Devices Market Key Players and Growth Analysis to 2031

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.

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.

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.

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.

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.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some of the players in this market are:

•   Applied Medical Resources Corporation

•   Arthrex, Inc.

•   Asensus Surgical, Inc.

•   Barco N.V.

•   B. 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

 Get Free Sample Report - https://bisresearch.com/requestsample?id=1379&type=download

What is the USP of this report?

BIS Related Studies

Canada Laparoscopy Devices Market

Laparoscopy and Endoscopy Devices Market - A Global and Regional Analysis

Article source: https://article-realm.com/article/Finance/32325-Middle-East-and-North-Africa-Laparoscopy-Devices-Market-Key-Players-and-Growth-Analysis-to-2031.html