South Africa Surgical Staplers Market Size Set to Reach Significant Value of USD 270 Million by 2030
South Africa Surgical Staplers Market is flourishing because of the increasing burden of chronic diseases requiring surgery and growing healthcare expenditure, particularly on capital equipment.

Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated South Africa Surgical Staplers Market size at USD 188 million in 2023. During the forecast period between 2024 and 2030, Report Ocean expects South Africa Surgical Staplers Market size to expand at a CAGR of 6.21% reaching a value of USD 269.8 million by 2030. The rising number of surgical operations due to the increased frequency of chronic illnesses and technological advances in surgical stapler design are major driving factors for South Africa Surgical Stapler Market. Furthermore, rising healthcare costs and a rise in demand for minimally invasive surgeries are expected to propel the surgical staplers market in South Africa during the period in analysis.

Opportunity - Rising healthcare expenditure and increasing number of hospitals

South Africa Surgical Staplers Market consists of major end user segments, such as hospitals, ambulatory surgical centers, and clinics. Hospitals account for the largest market share in South Africa. The growth of the hospitals segment is mainly attributed to the increasing number of invasive and non-invasive surgeries performed in hospitals and favorable reimbursement policies for surgeries in the country. In addition, an increasing number of hospitals owing to rising investments in healthcare infrastructure development is also projected to boost the demand for surgical staplers over the forecast period.

Reusable Surgical Staplers to Grow at Higher CAGR in South African Market

South Africa Surgical Staplers Market based on type is split into disposable stapler and reusable stapler segments. During the forecast period, the reusable stapler segment is anticipated to register higher growth rate owing the launch of absorbable staplers. Reusable staplers are used on multiple patients which helps in reducing medical waste. As a result, many industry players are launching reusable staplers in the country, which will improve the product accessibility and proliferate the overall market growth.

Competitive Landscape

South Africa Surgical Staplers Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Purple Surgical, Ethicon Inc., Medtronic plc, 3M Company, Conmed Corporation, Smith & Nephew plc, Integra LifeSciences Holdings Corporation, Grena Ltd., Frankenman International Limited, and B. Braun Melsungen AG.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and South Africa Surgical Staplers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Surgical Staplers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.