Laparoscopy Market to be Dominated by Energy Systems through 2028
The growing
demand for minimally invasive surgeries is expected to drive the growth of Global
Laparoscopy Market the forecast period, 2024-2028.
According to TechSci Research report, “Laparoscopy Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028,” the global Laparoscopy
market is anticipated to grow at an impressive rate in the forecast period, 2024-2028.
This can be ascribed to the growing prevalence of cardiovascular diseases,
diabetes and obesity cases across the globe and the growth in bariatric
surgeries performed to reduce weight. Additionally, the growing geriatric
population and rising disposable income are also expected to boost the growth
of the market during the forecast period. Also, the growing demand for minimally
invasive surgeries and growing technological advancements in laparoscopy
devices will further enhance the demand for the laparoscopy market in the
forecast period. Besides, the growing adoption of advanced technology and
growing awareness of new treatment methods is a major factor that will propel
the growth of the market over the years. Similarly, the growing acceptance of
robot-assisted laparoscopic surgeries and the introduction of novel
laparoscopic instruments is expected to create significant growth opportunities
for the market. In addition to this increasing funding and favorable policies
by the government of different countries will further boost the growth of the
market in the forecast period.
However, the
high costs of laparoscopy devices may slow down the growth of the global Laparoscopy
Market in the forecast period. Also, a lack of awareness about the new surgical
methods and a lack of trained healthcare professionals can further restrict the
growth of the Global Laparoscopy Market.
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Global Laparoscopy market
can be segmented based on product, application, end user, region, and
competitive landscape.
Based on the Product, the global laparoscopy market
can be segmented into Laparoscopes, energy systems, trocars, closure devices,
suction/ irrigation device, insufflation device, robot assisted systems, hand
access instruments. The energy
systems segment dominated the market in 2022 and is expected to continue maintaining
its dominance throughout the forecast period. This can be ascribed to the growing
number of minimally invasive surgeries performed such as bariatric surgeries,
cholecystectomy, appendectomy, among others.
Based on End User, the market can be segmented into Hospitals,
Clinics, Ambulatory, and Others.
The hospital segment is expected to dominate during the forecast period on
account of the large number of patients visiting hospitals for getting
different procedures performed. Additionally, hospitals have proper
infrastructure along with availability of skilled professionals to carry out
different laparoscopic procedures.
Major companies operating in the Global Laparoscopy
Market are:
- Medtronic
Plc
- Stryker
Corporation
- Karl
storz se & co. KG
- Johnson
& Johnson
- Olympus
Corporation
- Conmed
Corporation
- B.
Braun Melsungen AG
- The
Cooper Companies Inc
- Richard
Wolf Gmbh
- Microline
Surgical, Inc.
For instance, in February 2020, the company
aligned with VirtaMed-a Swiss manufacturer of medical simulators-to release a
simulator for laparoscopic training. This device is a mixed reality simulator
that combines real laparoscopic tools with a computer-generated representation
of what is happening inside the model patient.
For instance, in February 2020, Medtronic
announced the acquisition of Digital Surgery-a medical device company and
innovator in surgical Artificial Intelligence (AI), digital education,
training, and data analytics. This acquisition will enhance its
robotic-assisted surgery platform and provide AI and data analytics within
laparoscopic procedures.
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“North
America is expected to dominate the Global Laparoscopy Market due to the growing
dependency on minimally invasive surgeries compared to open surgeries across
the region. Similarly, growing competition among prominent players related to
product innovation along with growing healthcare expenditure in the region are expected
to create significant growth during the forecast period. Also, growing research
and development in the healthcare industry and growth in healthcare expenditure
in emerging countries will further drive market growth over the years. Furthermore,
growing number of advanced, well-equipped hospitals and a large number of
surgical procedures are driving the growth of the market. Besides, advanced
technology, growing investment, and improving reimbursement scenario, and growing
medical tourism are further expected to create lucrative opportunities for
market growth,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Laparoscopy Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Laparoscopes, Energy Systems, Trocars, Closure
Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted
Systems, Hand Access Instruments), By Application (Bariatric Surgery, Urological
Surgery, Gynecological Surgery, General Surgery, Colorectal Surgery, Other
Surgeries), By End User (Hospitals, Clinics,
Ambulatory, Others) and
By Region,” has
evaluated the future growth potential of Global Laparoscopy Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Laparoscopy Market.
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