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General & Plastic Surgery Devices - Africa

Africa
  • The General & Plastic Surgery Devices market market in Africa is anticipated to witness a significant growth in revenue, with projections indicating it will reach a staggering US$528.40m by the year 2024.
  • This growth is expected to continue at a compound annual growth rate (CAGR 2024-2029) of 6.90%, culminating in a market volume of US$737.50m by 2029.
  • It is worth noting that, in comparison to other countries, the United States is expected to generate the highest revenue in this market, with an estimated value of US$9.84bn in 2024.
  • Plastic surgery devices in Africa are experiencing a surge in demand due to the growing middle class and increasing beauty standards.

Definition:
The General & Plastic Surgery Devices market represents medical devices designed for general and plastic surgery procedures, such as disposable surgical supplies, open surgery instruments, minimally invasive surgery instruments.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Becton Dickinson, Conmed Corporation. Further information on the key players can be found in the Market Shares boxes.

In-Scope

  • Disposable surgical supplies
  • Open surgery instruments
  • Minimally invasive surgery instruments

Out-Of-Scope

  • Services (i.e., treatment expenses)
  • Blood and transplants derived from the human body
  • In vitro diagnostics
  • Diagnostic imaging
Medical Devices: market data & analysis - Cover

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Medical Devices: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The General & Plastic Surgery Devices market in Africa is witnessing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to the expansion of this market. Customer preferences in Africa are shifting towards a greater emphasis on physical appearance and self-improvement. As the continent becomes more urbanized and connected, individuals are increasingly aware of global beauty standards and are seeking ways to enhance their appearance. This has led to a growing demand for general and plastic surgery procedures, driving the market for related devices. Trends in the market indicate a rising adoption of minimally invasive procedures in Africa. This is driven by several factors, including a desire for less downtime, reduced scarring, and lower costs. Minimally invasive procedures also offer the advantage of being less risky and requiring shorter recovery periods. As a result, there is a growing demand for devices such as lasers, dermal fillers, and injectables, which enable these procedures. Local special circumstances also contribute to the development of the General & Plastic Surgery Devices market in Africa. The continent has a diverse population with varying skin tones and facial features, which requires specialized devices and products to cater to these unique needs. Additionally, the availability of skilled healthcare professionals and clinics specializing in general and plastic surgery is expanding, making these procedures more accessible to the population. Underlying macroeconomic factors play a crucial role in the growth of the General & Plastic Surgery Devices market in Africa. Economic development and increasing disposable income levels are enabling more individuals to afford general and plastic surgery procedures. The growing middle class in many African countries is driving demand for aesthetic enhancement, leading to a surge in the market for related devices. Furthermore, advancements in technology and medical innovations are also contributing to the growth of the market. The introduction of new and improved devices, such as 3D imaging systems and robotic-assisted surgical tools, is enhancing the precision and safety of general and plastic surgery procedures. These technological advancements are attracting both healthcare professionals and patients, further fueling the market's expansion. In conclusion, the General & Plastic Surgery Devices market in Africa is experiencing significant growth and development due to changing customer preferences, increasing adoption of minimally invasive procedures, local special circumstances, and underlying macroeconomic factors. As the continent continues to evolve and its population becomes more aware of aesthetic enhancement options, the market for general and plastic surgery devices is expected to continue expanding.

    Global Comparison

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

    Modeling approach / Market size:

    Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

    Additional notes:

    Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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    Medical Devices: market data & analysis - BackgroundMedical Devices: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Medical technology industry - statistics & facts

    Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.
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