Global Laparoscopy Devices Market Report and Forecast 2024-2032

Global Laparoscopy Devices Market Report and Forecast 2024-2032

Global Laparoscopy Devices Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global laparoscopy devices market grew significantly in 2023. Aided by the escalating preference for minimally invasive surgical procedures and the innovative advancements in medical technology, the market is projected to further grow at a CAGR of 6.1% between 2024 and 2032.

Laparoscopy devices are sophisticated surgical instruments that facilitate visualisation and treatment of internal organs through small incisions, averting the need for large cuts typically associated with traditional surgery. These devices are primarily composed of a laparoscope—a thin tube with a high-resolution camera and a light source at its end. This allows surgeons to view the operative area on a display monitor and execute intricate procedures with increased precision and minimal tissue disruption.

The mounting inclination towards minimally invasive procedures is a major laparoscopy devices market trend. Laparoscopic surgeries typically result in reduced blood loss, diminished post-operative pain, faster recovery times, and minor surgical scars, making it a preferred choice among both healthcare professionals and patients. The rise in conditions like obesity, gallstones, and gynaecological disorders, which often require laparoscopic interventions, further fuels the demand for these devices.

Moreover, the health sector's continuous endeavours to refine and advance laparoscopy devices have been pivotal. Modern laparoscopy devices come integrated with high-definition cameras, 3D imaging systems, and robotic assistance, offering enhanced visualisation and superior surgical dexterity. Such innovations not only ensure better patient outcomes but also extend the range of procedures that can be performed laparoscopically.

As per the laparoscopy devices market analysis, beyond their primary application in general surgeries, laparoscopy devices have carved a niche in specialised medical fields. In gynaecology, they're extensively employed for procedures like hysterectomy, ovarian cyst removal, and tubal ligation. The urological domain harnesses them for nephrectomies and prostatectomies, while bariatric surgeons use these devices for weight-loss surgeries like gastric bypass and sleeve gastrectomy. The versatility of laparoscopy devices, combined with a growing recognition of their efficacy, accentuates their importance in contemporary medicine.

Furthermore, the global shift towards value-based healthcare has spurred hospitals and clinics to adopt technologies that promise better patient outcomes, reduced hospital stays, and fewer post-surgery complications. Laparoscopy devices perfectly align with this paradigm, thus witnessing heightened demand. Training programs and workshops aimed at equipping surgeons with laparoscopic skills have seen a surge, posing a positive impact on the laparoscopy devices market outlook.

Market Segmentation

The market can be divided based on product, application, and region.

Market Breakup by Product

• Laparoscopes
• Energy Devices
• Insufflators
• Robot-Assisted Surgical Systems
• Suction or Irrigation Systems
• Closure Devices
• Hand Instruments
• Access Devices
• Accessories
• Others

Market Breakup by Application

• General Surgery

-Cholecystectomies

-Hernia Repairs

-Appendectomies

-Antireflux Surgeries

-Other General Surgery

• Bariatric Surgery

-Gastric Bypass

-Sleeve Gastrectomies

-Gastric Banding

-Other Bariatric Surgery

• Gynaecological Surgery
• Urological Surgery
• Colorectal Surgery

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global laparoscopy devices market. Some of the major players explored in the report by Expert Market Research are as follows:

• Conmed Corporation (NASDAQ: CNMD)
• Johnson & Johnson Services, Inc. (NYSE: JNJ)
• Boston Scientific Corporation (BSC) (NYSE: BSX)
• Olympus Corporation (TYO: 7733)
• Stryker Corporation (NYSE: SYK)
• Smith & Nephew PLC (LON: SN)
• KARL STORZ SE & Co. KG
• B. Braun Melsungen AG
• Medtronic plc
• Richard Wolf GmbH
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.