Overview and Scope
Laparoscopy devices refer to rigid endoscopes with telescopic rod lens systems that are typically attached to single-chip or three-chip video cameras. The use of laparoscopy devices allows the surgeon to reach the belly (stomach) and pelvis without having to make significant skin incisions.
Sizing and Forecast
The laparoscopy devices market size has grown strongly in recent years. It will grow from $12.17 billion in 2023 to $13.1 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to improved surgeon training programs, enhanced safety and efficacy, shift towards minimally invasive surgery, evolution in energy-based devices, early adoption challenges.
The laparoscopy devices market size is expected to see strong growth in the next few years. It will grow to $17.13 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to customization and patient-centric approach, market penetration in emerging economies, training and skill enhancement programs, integration of robotic-assisted systems, growth in energy-based devices. Major trends in the forecast period include miniaturization of devices, rise in minimally invasive surgeries, adoption in emerging economies, focus on training and education, integration of robotics.
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Segmentation & Regional Insights
The laparoscopy devices market covered in this report is segmented –
1) By Product: Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgery Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories, Other Products
2) By Application: General Surgery, Bariatric Surgery, Gynecological Surgery
3) By End User: Hospitals, Clinics, Other End Users
North America was the largest region in the laparoscopy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global laparoscopy devices market report during the forecast period. The regions covered in the laparoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of chronic diseases is expected to propel the growth of the laparoscopy devices market going forward. Chronic diseases are defined as problems that last a year or longer and necessitate continuing medical care, restricting everyday activities, or both. Heart disease, cancer, obesity, and diabetes are a few examples. Patients with undiagnosed persistent abdominal pain can receive a solid diagnosis and benefit from therapeutic intervention through laparoscopy. In addition to these benefits, studies have demonstrated that these devices use minimal-access surgery procedures. For instance, in January 2023, according to the National Library of Medicine, a US-based medical library operated by the federal government, it was projected that by the year 2050, the number of individuals aged 50 years and older who have at least one chronic illness would surge by 99.5%, rising from 71.52 million in 2020 to 142.66 million by 2050. Therefore, the increasing prevalence of chronic diseases is driving the growth of the laparoscopy devices market.
Key Industry Players
Major companies operating in the laparoscopy devices market report are B. Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Ethicon Inc., Karl Storz SE & Co. KG, Medtronic PLC, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC, Stryker Corporation, Intuitive Surgical Inc., The Cooper Companies Inc., Microline Surgical Inc., Becton Dickinson and Company, Welfare Medical Ltd., Applied Medical Resources Corporation, Cooper Surgical Inc., Fujifilm Holdings Corporation, Grena Ltd., Henke-Sass Wolf GmbH, LaproSurge Ltd., Maxer Endoscopy GmbH, MedGyn Products Inc., EndoOptiks Inc., EndoChoice Inc., Endo-Technik W. Griesat GmbH, Endo-Flex GmbH, Endo-Therapeutics Inc., Smiths Group PLC, LiNA Medical ApS
The laparoscopy devices market report table of contents includes:
1. Executive Summary
2. Laparoscopy Devices Market Characteristics
3. Laparoscopy Devices Market Trends And Strategies
4. Laparoscopy Devices Market – Macro Economic Scenario
5. Global Laparoscopy Devices Market Size and Growth
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31. Global Laparoscopy Devices Market Competitive Benchmarking
32. Global Laparoscopy Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Laparoscopy Devices Market
34. Laparoscopy Devices Market Future Outlook and Potential Analysis
35. Appendix
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