What is Global Laparoscopic Devices Market?
The Global Laparoscopic Devices Market is a vast and dynamic sector that encompasses a wide range of medical devices used in laparoscopic surgeries. These surgeries are minimally invasive procedures that use a laparoscope, a long, thin tube with a high-intensity light and a high-resolution camera at the front. The instrument is inserted through an incision in the abdominal wall, allowing doctors to view the organs in real time, without open surgery. The global market for these devices is substantial and continues to grow, driven by advancements in technology and an increasing preference for minimally invasive surgeries. In 2022, the market was valued at a whopping US$ 5029 million, and it is projected to reach US$ 7104.9 million by 2029. This represents a compound annual growth rate (CAGR) of 5.0% during the forecast period from 2023 to 2029.
Laparoscope, Insufflator and Accessories in the Global Laparoscopic Devices Market:
The Global Laparoscopic Devices Market is segmented into various products, including laparoscopes, insufflators, and accessories. A laparoscope is the primary tool used in laparoscopic surgeries, providing a visual of the surgical area. Insufflators are devices used to inflate the abdomen, creating a working space for the surgeon. Accessories include a range of supplementary tools such as trocars, hand instruments, and electrode cables. Among these, insufflators and accessories form the largest segment, accounting for over 85% of the market. The dominance of this segment can be attributed to their indispensable role in laparoscopic surgeries.
General Surgery Procedure, Gynecology Procedure, Urology Procedure in the Global Laparoscopic Devices Market:
Laparoscopic devices find extensive application in various surgical procedures. In general surgery, they are used for procedures such as cholecystectomy, appendectomy, and hernia repair. In gynecology, laparoscopic devices are used for procedures like hysterectomy, ovarian cyst removal, and tubal ligation. In urology, they are used for procedures such as nephrectomy and prostatectomy. The use of laparoscopic devices in these procedures offers several advantages over traditional open surgery, including less post-operative pain, shorter hospital stays, quicker recovery times, and smaller scars.
Global Laparoscopic Devices Market Outlook:
To rephrase the market outlook, the Global Laparoscopic Devices Market, which was worth US$ 5029 million in 2022, is expected to grow to US$ 7104.9 million by 2029. This indicates a steady growth rate of 5.0% from 2023 to 2029. The market is dominated by the top three manufacturers, who collectively hold a market share of over 45%. The largest product segment in this market is insufflators and accessories, which account for more than 85% of the market.
| Report Metric | Details |
| Report Name | Laparoscopic Devices Market |
| Accounted market size in 2022 | US$ 5029 in million |
| Forecasted market size in 2029 | US$ 7104.9 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Johnson & Johnson, Medtronic, B. Braun, BD, Stryker, Olympus, Applied Medical, Karl Storz, Smith & Nephew, Richard Wolf, HOYA, Intergra LifeScience |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
