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Africa Endoscopy Devices Market 2024 | Top Key Players - B. Braun Melsungen AG, Medtronic, Stryker Corporation, Boston Scientific Healthcare, and Stryker Corporation

04-24-2019 06:50 PM CET | Health & Medicine

Press release from: Market Prognosis

The increasing burden of common gastrointestinal (GI) conditions, such as diarrhea, has been observed in Africa. Therefore, the landscape of GI illness is changing to morbidity and mortality from chronic illness. This rising chronic GI illnesses, such as non-infectious gastric ulcer disease, cancer, dyspepsia, and cirrhosis, creates a huge demand for endoscopic services in Africa.

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Currently, the growth in the African endoscopy devices market is predominantly due to the increasing patient preference for minimally-invasive procedures, high incidences of chronic diseases, increased awareness, and technological advancements. Minimally-invasive endoscopic procedures offer advantages, such as less pain, faster recovery, and small incisions, reduced blood loss, and cost savings. The improved quality of care is triggering the market growth for endoscopy devices in Africa.

Competitive Landscape
The presence of a significant number of players in the market studied has an impact on the prices of products by firms, such as B. Braun Melsungen AG, Medtronic, Stryker Corporation, Boston Scientific Healthcare, and Stryker Corporation, among others. There is a sustainable competitive advantage through innovation for all companies. The companies are continuously focusing on innovations through research and development. Moreover, these companies are applying powerful competitive strategies, in order to gain more market share in the market studied.

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Scope of the Report
Endoscope devices are minimally-invasive and can be inserted into the body to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries.

Key Market Trends
Colonoscopy Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period
The colonoscopy procedures are used to better diagnose tumors, colon polyps, ulcers, and inflamed or bleeding areas of the lower intestinal area. In South Africa, there is a high prevalence of colorectal cancer. According to the estimates of the National Cancer Registry, there were 1,943 actual cases of colorectal cancers in men, while in women 1,620 cases were registered in 2014. Colorectal cancer is among the top five fatal cancer types in South Africa and other regions. Thus, colonoscopy becomes more popular in the area. Recently, in 2014, the US Food and Drug Administration (FDA) approved the PillCam COLON developed by Given Imaging Ltd, for the detection of colon polyps in patients after incomplete optical colonoscopy. Thus, the rising technological advancements in colonoscopy devices and an increase in the population suffering from colorectal cancers are expected to drive the overall growth of the market.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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ProgMark Pvt Ltd,
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