Laparoscopy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Global Laparoscopy market is anticipated to witness impressive growth during the forecast period. This can be ascribed to the rising demand for minimally invasive surgeries for the treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease, cysts, and fibroids across the globe. Similarly, growing cases of morbid obesity and bariatric surgeries will further enhance the demand for the global laparoscopy market in the forecast period. Additionally, the growing number of market players, along with growing awareness about new surgical methods among the aging population, is a major factor that will further drive the growth of the market during the forecast period. Also, the rapidly growing adoption of new surgical methods will further drive the growth of the market in the forecast period. Also, growing insurance coverage for chronic disease treatment, along with growing initiatives by government organizations to educate people about the benefits of using laparoscopy, will drive the growth of the market over the years.
Growing Prevalence of Chronic Illness
The growing prevalence of chronic illnesses such as obesity, diabetes, and digestive system problems is expected to enhance the demand for the global laparoscopy market in the forecast period. Also, growing awareness of the 4k laparoscopy system, myomectomy, laparoscopic cholecystectomy (minimally invasive through 4 small incisions), and laparoscopy minimally invasive operations among patients will further boost the growth of the market over the years. Similarly, an increase in the number of obese individuals in emerging nations is also a major factor driving the growth of the market. Diabetes affects roughly 537 million individuals (20-79 years old), according to the International Diabetes Federation. Also, laparoscopic gastric bundling is an important surgery that will help in weight loss. This type of surgery is less invasive and saves money on pre- or post-operative treatment as well as the patient’s duration of stay at the hospital. Also, patients can benefit from reduced blood loss, fewer postoperative complications, and a faster healing period as a result of laparoscopic operations.
Growing Adoption of Advance Products
The growing adoption of advanced products such as laparoscopic medical robots, laparoscopes, laparoscopy reusable minimally invasive instruments, laparoscopic slide lock graspers, laparoscopic suction irrigation sets, specialty laparoscopic instruments, laparoscopic axial needle holders, laparoscopic storage solutions, laparoscopic responsible scissors, uterine manipulators, trocars/cannulas, laparoscopes, bipolar forceps, verses needle, baskets for laparoscopic instruments, laparoscopic suction irrigation, irrigation pump, and some non-energy devices can further enhance the demand for laparoscopy market in the forecast period. Also, an increase in robot-assisted technology usage will enhance the demand for laparoscopy devices in the forecast period.
For instance, in June 2021, Ethicon, Inc., a subsidiary of Johnson & Johnson, launched a new advanced bipolar energy device, Enseal X1 Curved jaw tissue sealer, that provides strong sealing and has more efficiency. ENSEAL X1 Curved jaw tissue sealer is the new advanced laparoscopic bipolar device that is suggested for gynecological, colorectal, thoracic procedures and bariatric surgery.
Market Segmentation
Global Laparoscopy market can be segmented by product, application, end-user, region, and competitive landscape. Based on the product, the market can be segmented into Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Devices, Insufflation devices, Robot Assisted Systems, and Hand Access Instruments. Based on application, the market can be segmented into Bariatric Surgery, Urological Surgery, Gynecological Surgery, General Surgery, Colorectal Surgery, and Other Surgeries. Based on the End User, the market can be differentiated into Hospitals, Clinics, Ambulatory, and Others. Rica. Among the different countries, the United States dominated the global laparoscopy market on account of the increasing demand for minimally invasive surgeries in the country.
Market Players
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. are some of the leading players operating in the Global Laparoscopy Market.
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