Laparoscopic Devices Market Analysis, Growth, Demand, Trends and Forecast Till 2028

IMARC Group, a leading market research company, has recently releases report titled “Laparoscopic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global laparoscopic devices market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the laparoscopic devices market?

The global laparoscopic devices market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

What are laparoscopic devices?

Laparoscopic devices are specialized instruments used in laparoscopy, a minimally invasive surgical procedure. These procedures involve small incisions through which a laparoscope, a long, thin tube with a high-intensity light and high-resolution camera at the front, is inserted to visualize the surgical area. Other laparoscopic devices are introduced through additional small incisions to perform the surgery under real-time video guidance. These instruments include trocars, graspers, scissors, clip appliers, electrosurgical devices, and suturing devices.

Laparoscopic devices allow for surgeries with less pain, faster recovery, and reduced hospital stays compared to traditional open surgery. They are used in various procedures, including appendectomies, cholecystectomies, and gynecological surgeries..

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What are the growth prospects and trends in the laparoscopic devices industry?

The increasing focus on training and education for surgeons in laparoscopic techniques represents one of the key factors driving the growth of the market across the globe. In line with this, laparoscopic surgeries are less invasive than traditional open surgeries, which is resulting in less postoperative pain, shorter hospital stays, and faster recovery times. These benefits are leading to a rise in preference for these procedures among patients and healthcare providers. The market is also driven by the continuous evolution and improvement of laparoscopic devices, including high-definition cameras, energy devices, and robotic assistance, which are enhancing the precision and safety of laparoscopic procedures.

In addition to this, the increasing prevalence of diseases, such as obesity, gastrointestinal diseases, and gynecological disorders requiring surgical intervention is contributing to the growth of the market. Apart from this, the growing global elderly population, improving healthcare infrastructure, the availability of skilled professionals, rising healthcare expenditure, and improved insurance coverage, are some of the other factors creating a positive outlook for the market across the globe.

Who are the key players operating in the industry?

The report covers the major market players including:

• Braun
• BD (Becton, Dickinson and Company)
• Boston Scientific Corporation
• CONMED Corporation
• Cook Medical Incorporated
• Intuitive Surgical Inc.
• Johnson & Johnson
• Karl Storz SE & CO. KG
• Medtronic Plc
• Olympus Corporation
• Richard Wolf GmbH
• Smith & Nephew Plc
• Stryker Corporation
• Tekno-Medical Optik-Chirurgie GmbH

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Trocars
• Energy Systems
• Closure Devices
• Suction/Irrigation Devices
• Insufflation Devices
• Laparoscopes
• Hand Access Instruments
• Robot Assisted Systems
• Others

Breakup by Application:

• Bariatric Surgery
• Colorectal Surgery
• General Surgery
• Gynecological Surgery
• Urological Surgery
• Others

Breakup by End User:

 

• Hospitals and Clinics
• Ambulatory Surgery 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

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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