Laparoscopic Devices Market is expected to grow at a CAGR of 6.8% from 2023-2030 : Cognitive Market Research
A laparoscope includes a long, thin tube with high-intensity light along with a high-resolution camera in front. The camera conveys images to monitor as it travels through the abdomen. Laparoscopy is used for diagnosis as well as treatment of pelvic inflammatory disease (PID), endometriosis, ectopic pregnancy, cysts, and fibroids.
• The global laparoscopic devices market is estimated to be valued at US$ 12,098.3 in 2022 and is expected to exhibit a CAGR of 6.8% during the forecast period (2022-2030).
• North America dominates the global laparoscopy devices market with the highest revenue share
• By end user, the hospital’s segment dominated the global laparoscopy devices market.
• General surgery has dominated the global laparoscopy devices market in terms of revenue share
• The direct energy systems segment dominated the market for global laparoscopic devices market
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An increase in cases of morbid obesity across the globe is the major factor that drives the global laparoscopy market growth. In addition, rising bariatric surgeries performed globally to reduce weight are anticipated to boost the global market growth. Furthermore, the introduction of innovative laparoscopic devices and the growing adoption of robot-assisted laparoscopic surgeries provide opportunities for market growth. However, the high cost associated with these devices may restrain market growth.
By Product Type:
• Direct Energy System Devices
• Trocars/Access Devices
• Internal Closure Devices
• Hand Access Instruments
• Insufflation Devices
• Robotic Assisted Surgical System
By product type, the direct energy systems segment dominated the market for global laparoscopic devices market. These systems have extensive application in bariatric surgeries, such as adjustable gastric bands, gastric bypass, sleeve gastrectomy, and others with duodenal switches.
By Therapeutic Application:
• Bariatric Surgery
• Colorectal Surgery
• General Surgery
• Gynecological Surgery
• Urological Surgery
• Others (Hematology, etc.)
General surgery has dominated the global laparoscopy devices market in terms of revenue share. This is attributed to rising cases of gall bladder removals, patients suffering from a hernia, and surgical removal of the appendix drives the demand for the global market. Furthermore, the bariatric segment has the largest growth rate. Increasing potential in the treatment of diabetes and conditions related to cardiovascular diseases.
By End User:
• Specialty Clinics
• Ambulatory Surgical Centers
By end user, the laparoscopy devices market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospital’s segment dominated the global laparoscopy devices market, due to the increase in the adoption of laparoscopy devices in the operation theaters
Competitive Analysis for The laparoscopic devices market:
Ethicon Endo Surgery, Olympus, Medtronic (Covidien), Stryker, Smith & Nephew, Richard Wolf, Karl Storz, Boston Scientific, Aesculap (B. Braun), Intuitive Surgical, Apollo Endosurgery, Tiansong Medical, Medical Optica, Shenda endoscope, Shikonghou Medical, HAWK, Xinxing Endoscopes
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North America dominates the global laparoscopy devices market with the highest revenue share. Growing dependence on laparoscopic surgeries compared to open surgeries drives the demand for the global market. Furthermore, Asia Pacific is anticipated to register the growth of the global market with the highest growth rate. A rising number of advanced, well-equipped hospitals and an increasing number of surgical procedures in the country in the region is anticipated to drive the demand for the global market.
Genesis MedTech launched novel Laparoscopic technology in China and Singapore
In April 2021, Genesis MedTech entered a strategic distribution agreement with LivsMed, a medical device company that carries ground-breaking technology for minimally invasive surgery, for the sales and distribution of the ArtiSential line of products for the Chinese and Singaporean markets.
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Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Laparoscopic Devices Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Laparoscopic Devices Market Segmentation
1.5.1 Laparoscopic Devices Market Regional Fragmentation
1.5.1 Laparoscopic Devices Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Laparoscopic Devices Market
• 3.1 Global Laparoscopic Devices Market Size 2018 – 2030, (USD Million)
• 3.2 Global Laparoscopic Devices Market Statistics 2022: Snapshot
Chapter 4 Global Laparoscopic Devices Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Laparoscopic Devices Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Laparoscopic Devices Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Laparoscopic Devices Market Regional Analysis
Chapter 11 North America Laparoscopic Devices Market Outlook (2018 – 2030)
Chapter 12 Europe Laparoscopic Devices Market Outlook (2018 – 2030)
Chapter 13 Asia Pacific Laparoscopic Devices Market Outlook (2018 – 2030)
Chapter 14 Latin America Laparoscopic Devices Market Outlook (2018 – 2030)
Chapter 15 Middle East and Africa Laparoscopic Devices Market Outlook (2018 – 2030)
Chapter 16 Research Findings
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