The Middle East and North Africa laparoscopy devices market is expected to witness the rise of many specialized startups and the expansion of established companies in the region. These startups are expected to leverage niche technologies to differentiate their offerings from other players in the market. Additionally, countries such as Israel and the U.A.E. are expected to witness good growth in the Middle East and North Africa laparoscopy devices market in the coming years. 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. ![Middle East and North Africa Laparoscopy Devices Market](https://6369012.fs1.hubspotusercontent-na1.net/hubfs/6369012/Imported_Blog_Media/Website%20Report%20Media/Middle%20East%20and%20North%20Africa%20Laparoscopy%20Devices%20Market.png)
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 mostly 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 on 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 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. • Boat NV • 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=1379type=download What is the USP of this report? · Impact of COVID-19 on the laparoscopy devices market · Extensive product benchmarking of the top players (including established and emerging players) to offer a holistic view of the global Middle East and North Africa laparoscopy devices market product landscape. · Unit sales of each conventional and robotic assisted laparoscopy devices · Comparative analysis (open surgery vs. laparoscopic surgery vs. robot-assisted surgery) Supply chain analysis · Market share analysis based on product portfolio, recent developments, and regional spread of the key players · Patent analysis BIS Related Studies Canada Laparoscopy Devices Market Laparoscopy and Endoscopy Devices Market - A Global and Regional Analysis |