Authored By: Sarah
11 Jul 2024

 Laparoscopic Devices Market Size to grow by USD 4756.1 million between 2024-2028

According to a research report “ Laparoscopic Devices Market” by Product (Instrument and accessories, Laparoscopes) End-user (Hospitals, Clinics, Ambulatory surgical centers) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4756.1 million, at a CAGR of  8.18% during the forecast period. The global laparoscopic devices market is poised for significant growth due to the increasing adoption of minimally invasive (MI) procedures in healthcare. Traditional open surgeries, which can result in complications such as pain, blood clots, fatigue, muscle atrophy, infections, sore throat, nausea, and sleepiness, are being gradually replaced by MI techniques. Healthcare providers are encouraging this shift as MI procedures offer less pain, shorter hospital stays, and quicker recovery times. The rising prevalence of chronic diseases and increasing awareness of the benefits of MI surgeries are further driving market growth.

Browse market data tables, figures, and in-depth TOC on “Laparoscopic Devices Market” by Product (Instrument and accessories, Laparoscopes) End-user (Hospitals, Clinics, Ambulatory surgical centers) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Product, the Instrument and accessories segment is projected to dominate the market size in 2024

The Laparoscopic Devices Market represents a significant growth opportunity for businesses, driven by the increasing preference for minimally invasive surgical procedures. Key players in this market leverage advanced technologies, such as high-definition cameras and precision instruments, to offer superior surgical outcomes and reduced patient recovery time. The market's expansion is further fueled by rising healthcare expenditures and a growing aging population.

By End-user, Hospitals  segment is expected to hold the largest market size for the year 2024

The Laparoscopic Devices Market represents a significant business opportunity for manufacturers, driven by the increasing preference for minimally invasive surgical procedures. Key players in this market offer advanced technologies, such as HD cameras, high-definition monitors, and ergonomic designs, to enhance surgical precision and patient outcomes. Growing healthcare expenditures and an aging population are further fueling market expansion.

North America is forecasted to hold the largest market size by region in 2024

The Laparoscopic Devices Market represents a significant growth opportunity for businesses in the healthcare sector. These devices, used in minimally invasive surgeries, offer advantages such as reduced recovery time and minimal scarring. Key players in this market include Ethicon, Covidien, and Karl Storz. Growth is driven by increasing prevalence of chronic diseases and rising healthcare expenditure. Innovations in technology, such as robotic laparoscopy, further bolster market expansion.

The Laparoscopic Devices Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • avateramedical GmbH
  • B.Braun SE
  • Becton Dickinson and Co.
  • CMR Surgical Ltd.
  • Conmed Corp.
  • Cook Group Inc.
  • FlexDex Inc.
  • HOYA Corp.
  • Intuitive Surgical Inc.
  • Johnson and Johnson Services Inc.
  • KARL STORZ SE and Co. KG
  • Medtronic Plc
  • Olympus Corp.
  • Peters Surgical
  • Richard Wolf GmbH
  • Smith and Nephew plc
  • Stryker Corp.
  • Teleflex Inc.
  • The Cooper Companies Inc.
  • Titan Medical Inc
.

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Research Analysis Overview

The Laparoscopic Devices Market is witnessing significant growth due to the increasing popularity of robot-assisted laparoscopic surgeries. These minimally invasive procedures offer several advantages over traditional surgeries, including faster recovery time, reduced scarring, and improved precision. Skilled professionals in the medical field are in high demand to perform these complex surgeries, creating profitable chances for medical services. Robot-assisted laparoscopic surgeries are increasingly being used to treat various diseases such as ectopic pregnancy, endometriosis, uterine fibroids, and even bariatric surgeries for weight reduction in patients suffering from morbid obesity and related diseases like diabetes. Local manufacturers are also investing in the production of laparoscopic devices, including laparoscopes, energy systems, and other essential instruments. The market for laparoscopic devices is expected to grow further due to the rising prevalence of diseases and the increasing number of patients seeking minimally invasive surgical procedures. Air freight delivery of these devices ensures timely availability and efficient distribution, making it a crucial aspect of the market's growth. Overall, the laparoscopic surgery market holds immense potential, offering numerous opportunities for growth and innovation.

Market Research Overview

The Laparoscopic Devices Market encompasses a range of innovative equipment used in minimally invasive surgeries for weight reduction procedures, urological surgery, gynecological conditions, and general surgery. These surgeries include sleeve gastrectomy, hysterectomy, myomectomy, cholecystectomy, and appendectomy laparoscopy. Veterans and underserved communities, as well as patients with morbid obesity and chronic diseases like diabetes, stand to benefit significantly from these procedures. Laparoscopic equipment includes laparoscopes, insufflation devices, suction/irrigation devices, closure devices, and energy systems. Robotic-assisted laparoscopic surgeries, such as thoracic laparoscopy and prostate laparoscopy, offer skilled professionals and healthcare providers profitable chances to expand their medical services. Traditional open surgeries, like gastric bypass and bariatric surgeries, are being replaced by minimally invasive procedures due to reduced risk of infection and faster recovery times. Local manufacturers are also entering the market with innovative laparoscopic devices to cater to the increasing demand. Strategic sourcing and air freight delivery ensure timely availability of laparoscopic equipment for surgeons performing surgeries in ambulatory surgical centers and diagnostic centers. Diseases like obesity, colorectal cancer, and endometriosis can be effectively treated with these advanced surgical techniques. However, there are challenges such as high costs and potential complications like blood loss that need to be addressed to make these procedures more accessible to a wider population, including minorities and veterans. Diversity programs and collaborations between healthcare providers and manufacturers can help bridge the gap and ensure equitable access to these life-changing surgeries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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