Market Trends of South Africa Anesthesia Devices Industry
Anesthesia Monitors Segment is Expected to Register a Significant CAGR in the Anesthesia Devices Market Over the Forecast Period
The anesthesia monitors segment is expected to witness significant growth in South Africa over the forecast period owing to the increasing prevalence of chronic diseases such as cancer, cardiovascular, and others, which raises the number of surgical procedures in the country.
The rising burden of chronic diseases among the population and the increase in the geriatric population are the key factors driving the market growth. For instance, according to United Nations data on World Population Prospects 2022, the projected population of older persons in the country aged 60 and above in the year 2023 is 132.3 million, and it is estimated to reach 916.5 million by the year 2100. Thus, with an increase in the geriatric population, the chances of developing chronic disease increase, which is expected to increase the demand for surgeries, thereby propelling the demand for anesthetic monitoring devices across all hospital settings.
Furthermore, according to an article published by WHO, HIV Country Profile Dashboard, 2021, 7500,000 people were living with HIV in South Africa in 2021. Thus, the growing burden of such diseases in the country is expected to increase the demand for anesthesia devices in the country, thus driving the market.
Additionally, the companies participating in the National Congress of Experts are also expected to boost the growth of the market segment in the near future. For instance, Quantum Medical participated in Fresenius Kabi South Africa and attended the South African Society of Anaesthesiologists (SASA) Congress 2023. The company has showcased an innovative solution for Monitoring the Depth of Anesthesia (Conox). and others
Thus, owing to the aforementioned factors, such as the increasing prevalence of chronic diseases such as cancer, cardiovascular, and others, which raises the number of surgical procedures in the country, the studied segment is expected to grow over the forecast period.
Anesthesia Ventilators Segment is Expected to Register a Significant CAGR in the Anesthesia Devices Market Over the Forecast Period
Anesthesia ventilators deliver oxygen, remove carbon dioxide, and facilitate the delivery of inhalational agents to render patients unconscious and maintain surgical anesthesia. The increasing burden of chronic respiratory diseases such as Asthma and COPD and advancements in product technologies primarily drive the anesthesia ventilators segment. For instance, as per the article published by the International Journal of Tuberculosis and Lung Disease in March 2022, COPD was found to be the main reason for morbidity and mortality in adults in Sub-Saharan Africa (SSA). Smoking is an important risk factor for COPD in SSA. This exposure needs to be reduced through the combined efforts of clinicians, researchers, and policymakers to address this debilitating and preventable lung disease. This can be achieved mainly by utilizing proper care of the lung and respiratory system with respiratory devices such as anesthesia ventilators.
Furthermore, factors associated with asthma prevalence and other respiratory diseases in South Africa include the increasing adoption of an urban lifestyle, coupled with conditions such as atopy, obesity, and exposure to industrial pollution or tobacco smoke. For instance, as per the article published by BMC Pediatrics in February 2022, the study depicted that obesity was associated with airway obstruction in South African adolescents of African ancestry. Thus, with an increase in respiratory disorders, the demand for anesthesia ventilators increases, driving the growth of the market.
Furthermore, according to an article published by WHO, HIV Country Profile Dashboard, 2022, 160 thousands new cases of HIV in South Africa in 2022. The same source also reported that there were 230,000 children (0-14 years of age) living with HIV in South Africa in 2022. Thus, the growing burden of such diseases in the country is expected to increase the demand for anesthesia devices in the country, thus driving the market.
