The global laparoscopy devices market size reached US$ 13.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 19.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Laparoscopy devices refer to instruments used to examine the internal organs of the abdomen. Insufflators, closure decides, irrigation systems, obstetrical forceps, hand instruments, access devices and dissectors are some of the commonly used laparoscopy devices. They consist of a thin, long tube with a high-intensity light and a high-resolution camera in front that transmits images to monitor as it travels through the abdomen. Laparoscopy devices are widely used for diagnosis, therapeutic procedures, and treatment of pelvic inflammatory disease (PID), endometriosis, pancreatic cancer, fibroids, gastrointestinal disorders, ectopic pregnancy, prostatectomy, and cysts. Medical practitioners extensively utilize these devices in surgical procedures to achieve a higher level of precision and ensure minimal scarring and bleeding, fewer complications, and decreased adhesion formation.
2. What is the expected growth rate of the global laparoscopy devices market during 2023-2028?
3. What has been the impact of COVID-19 on the global laparoscopy devices market?
4. What are the key factors driving the global laparoscopy devices market?
5. What is the breakup of the global laparoscopy devices market based on the product type?
6. What is the breakup of the global laparoscopy devices market based on the application?
7. What is the breakup of the global laparoscopy devices market based on the end user?
8. What are the key regions in the global laparoscopy devices market?
9. Who are the key players/companies in the global laparoscopy devices market?
Laparoscopy devices refer to instruments used to examine the internal organs of the abdomen. Insufflators, closure decides, irrigation systems, obstetrical forceps, hand instruments, access devices and dissectors are some of the commonly used laparoscopy devices. They consist of a thin, long tube with a high-intensity light and a high-resolution camera in front that transmits images to monitor as it travels through the abdomen. Laparoscopy devices are widely used for diagnosis, therapeutic procedures, and treatment of pelvic inflammatory disease (PID), endometriosis, pancreatic cancer, fibroids, gastrointestinal disorders, ectopic pregnancy, prostatectomy, and cysts. Medical practitioners extensively utilize these devices in surgical procedures to achieve a higher level of precision and ensure minimal scarring and bleeding, fewer complications, and decreased adhesion formation.
Laparoscopy Devices Market Trends:
The increasing cases of obesity across the globe are creating a positive outlook for the market. Laparoscopy devices are widely used for performing bariatric surgery, which functions by inserting the equipment through a small incision in the abdomen to reduce the size or remove parts of the stomach. In line with this, the growing preference for minimally invasive surgeries (MIS) due to its numerous advantages, such as quick recovery time, less scarring, small incisions, reduced blood loss and lesser pain, is favoring the market growth. Apart from this, various advancements in technologies, such as the integration of artificial intelligence (AI), and the Internet of Things (IoT), that offer greater precision and enhanced robotic-assisted surgery, are providing an impetus to the market growth. Additionally, the increasing geriatric population that are more prone to developing chronic diseases, such as cardiovascular diseases, diabetes, respiratory disorders and cancer, is positively impacting the market growth. Other factors, including the rising expenditure capacities of consumers, increasing prevalence of colorectal cancer and significant improvements in the healthcare infrastructure, are anticipated to drive the market further toward growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global laparoscopy devices market, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on product type, application and end user.Breakup by Product Type:
- Energy Devices
- Laparoscopes
- Insufflation Devices
- Handheld Instruments
- Suction/Irrigation Devices
- Others
Breakup by Application:
- Bariatric Surgery
- Urological Surgery
- Gynaecological Surgery
- General Surgery
- Colorectal Surgery
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Centers
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being B. Braun Melsungen AG, Boston Scientific Corporation, Intuitive Surgical., Johnson & Johnson, KARL STORZ SE & Co. KG, Medtronic, Microline Surgical, Olympus Corporation, Richard Wolf GmbH, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Smith & Nephew Plc, Stryker Corporation and The Cooper Companies Inc.Key Questions Answered in This Report
1. What was the size of the global laparoscopy devices market in 2022?2. What is the expected growth rate of the global laparoscopy devices market during 2023-2028?
3. What has been the impact of COVID-19 on the global laparoscopy devices market?
4. What are the key factors driving the global laparoscopy devices market?
5. What is the breakup of the global laparoscopy devices market based on the product type?
6. What is the breakup of the global laparoscopy devices market based on the application?
7. What is the breakup of the global laparoscopy devices market based on the end user?
8. What are the key regions in the global laparoscopy devices market?
9. Who are the key players/companies in the global laparoscopy devices market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Laparoscopy Devices Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Intuitive Surgical.
- Johnson & Johnson
- KARL STORZ SE & Co. KG
- Medtronic
- Microline Surgical
- Olympus Corporation
- Richard Wolf GmbH
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd
- Smith & Nephew Plc
- Stryker Corporation
- The Cooper Companies Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 13 Billion |
| Forecasted Market Value ( USD | $ 19.3 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
