Laparoscopic Devices Market To Reach $12.6 Billion By 2030

Laparoscopic Devices Market Growth & Trends

The global laparoscopic devices market size is expected to reach USD 12.6 billion by 2030, registering a CAGR of 7.35% over the forecast period, according to a new report by Grand View Research, Inc. The primary driving factors for market growth are the increasing adoption of minimally invasive surgeries over conventional methods, an increase in the number of laparoscopic bariatric procedures, and technological advancements. The COVID-19 pandemic has created a significant challenge for the global healthcare industry. Restricted access to medical services has led to inadequate care for patients suffering from other diseases. Laparoscopy has been adversely impacted by the pandemic. During this period, surgeries are often being postponed or even canceled to prevent transmission of the virus.

However, the market is expected to rebound and grow over the forecast period, as most the countries across the globe have started easing lockdown measures and restarted some of the elective procedures. Over the forecast period, technological advancements are expected to be a crucial driver in the growth of the market. For example, in September 2021, Olympus released the first innovative bipolar surgical energy product, which is named POWERSEALTM. Furthermore, the devices let Olympus compete in the developing global market for advanced bipolar surgical energy devices, which is now valued at over USD 1.2 billion and is expected to grow in the near future.

 Request a free sample copy or view the report summary: Laparoscopic Devices Market Report

Laparoscopic Devices Market Report Highlights

• The energy systems segment accounted for the largest revenue share of 21.1% in 2022, owing to an increase in the number of patients suffering from ulcerative colitis, Crohn’s disease, gall bladder problems, diverticulitis, and obesity is driving segment growth

• The other surgeries segment dominated the market and accounted for a revenue share of around 22.5% in 2022. Other surgeries majorly include cholecystectomy laparoscopy, colon laparoscopy, and prostrate laparoscopy. The growth of the segment is due to constant innovation being employed to boost its success rate

• The hospital segment captured the largest revenue share of around 61.6% in 2022. The growth of this segment can mainly be attributed to an increase in the number of patients suffering from various chronic ailments and the consequent rise in surgical procedures

• Asia Pacific is expected to witness a CAGR of 7.8% over the forecast period. This is due to a large number of surgical procedures. An increase in the number of well-equipped is also expected to boost the market growth in the region over the forecast period

Laparoscopic Devices Market Segmentation

Grand View Research has segmented the global laparoscopic devices market on the basis of product, application, end-user, and region:

Laparoscopic Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Laparoscopes

• Energy Systems

• Trocars

• Closure Devices

• Suction/ Irrigation Device

• Insufflation Device

• Robot Assisted Systems

• Hand Access Instruments

Laparoscopic Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Bariatric Surgery

• Urological Surgery

• Gynecological Surgery

• General Surgery

• Colorectal Surgery

• Other Surgeries

Laparoscopic Devices End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital

• Clinic

• Ambulatory

Laparoscopic Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Norway

  • Sweden

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Laparoscopic Devices Market

• Karl Storz SE & CO. Kg

• Medtronic

• Johnson and Johnson

• Olympus Corporation

• CONMED Corporation

• B. Braun Melsungen AG

• The Cooper Companies Inc.

• Richard Wolf GmbH

• Microline Surgical

• BD

• Welfare Medical Ltd

• DEAM

• Intuitive Surgical

• Shenzen Mindray Bio Medical Electronics Co., Ltd.