Laparoscopic Devices Market Size, Share & COVID-19 Impact Analysis - United States - 2023-2029 - MedSuite - Includes: Laparoscopes, Access Devices, Closure Devices, and 8 more
In the year 2022, the U.S. laparoscopic devices market boasted a substantial valuation of $4.7 billion. This dynamic sector is poised for continuous growth, with an anticipated compound annual growth rate (CAGR) of 2.2%. This upward trajectory is projected to propel the market to a noteworthy value of $5.6 billion by the year 2029.
Our analysis has encompassed an exhaustive examination of over 37 distinguished laparoscopic device companies operating within the United States. Employing our comprehensive methodology, we have precisely ascertained market sizes, unit sales, and company market shares. These invaluable insights have been pivotal in crafting precise forecasts for this industry.
The comprehensive report suite on the U.S. laparoscopic device market includes an array of vital components such as laparoscopes, access devices, laparoscopic hand instruments, insufflation devices, suction-irrigation devices, direct energy devices, ultrasonic energy devices, hand-assisted laparoscopic sleeves, closure devices, gastric bands and balloons, as well as powered morcellators.
DATA TYPES INCLUDEDUnit Sales, Average Selling Prices, Market Value, Size & Growth Trends
Laparoscopic Procedure Volumes
COVID-19 Impact Analysis
Market Forecasts Until 2029, and Historical Data to 2019
Market Drivers & Limiters for Each Laparoscopy Devices market segment
Competitive Analysis with Market Shares for Each Segment
Recent Mergers & Acquisitions
Disease Overviews and Demographic Information
Company Profiles, Product Portfolios, and SWOT for Leading Competitors
U.S. LAPAROSCOPIC DEVICE MARKET INSIGHTSThe total market will continue to benefit from stable growth in laparoscopic procedures performed. However, the continuing adoption of robotic-assisted minimally invasive surgeries is expected to partially offset growth across the market, primarily affecting high-volume general and laparoscopic procedures, including but not limited to, cholecystectomy, hernia repair, colorectal procedures and urological and gynecological applications, primarily prostatectomy and hysterectomy.
The closure device market constitutes the most significant portion of the laparoscopic device market in 2022, and it is anticipated to demonstrate a robust single-digit CAGR throughout the forecast period. The growth of this market is expected to be propelled by the rising demand for laparoscopic staplers and automated suturing devices. However, the increasing adoption of robotic-assisted procedures may impose constraints on the growth potential of this segment
LAPAROSCOPIC DEVICES MARKET SHARE INSIGHTIn the year 2022, Medtronic and Ethicon emerged as the predominant players in the U.S. laparoscopic device market, effectively commanding the lion's share of the market. These industry leaders possess an extensive array of products and exert significant influence over key segments of the market, most notably in the realms of closures, direct energy devices, and ultrasonic devices.
Among the esteemed cohort of companies operating in the laparoscopic device market, Stryker, Applied Medical, Karl Storz, and Olympus, while maintaining substantial market presence, held comparatively more modest market shares. Notably, Stryker distinguished itself as a notable player in the domains of suction-irrigation devices, insufflation devices, and laparoscopes. Simultaneously, it exhibited noteworthy activity in the hand instrument segment. Additionally, Stryker's product portfolio exhibited significant synergistic potential, with a considerable number of customers choosing to acquire its diagnostic laparoscopy products alongside its comprehensive imaging and endoscopy offerings, bolstering its strategic positioning within the market.
DETAILED MARKET SEGMENTATIONLaparoscope Market – MedCore – The market is further broken down into Rod Lens Laparoscope, Video Laparoscope, and Lens Antifog Solution market segments.
Access Device Market – MedCore – The market consists of the segments, such as Trocars, Single Port Access Devices
Hand Instrument Market – MedCore – The analysis is comprised of Reusable, Disposable, Reposable, and Articulating hand instruments. As-well as Grasping & Cutting Instruments.
Insufflation Device Market – MedCore – The market is comprised of the markets for Insufflators, Insufflator Tubing, and Veress Needles.
Suction-Irrigation Market – MedCore – The market is broken down by device types, such as Disposable Kit, Reusable Tip, and Suction-Irrigation Pump.
Direct Energy Market – MedCore –The chapter includes market segments, such as the Monopolar market, Bipolar market, and Electrosurgical Generator market
Ultrasonic Device Market – MedCore – The market is comprised of the markets for Ultrasonic Instruments and Ultrasonic Generators.
Hand-Assisted Laparoscopic Sleeve Market – MedCore – In-depth analysis of the Hand-Assisted Laparoscopic Sleeve market.
Closure Device Market Market – MedCore – The chapter is further broken down to Laparoscopic Stapler, Endosuturing Device, and Clip Appliers.
Gastric Device Market – MedCore – The market consists of the markets for Gastric Bands and Gastric Balloons.
Powered Morcellator Device Market – MedCore – The the market is broken down by segments, such as Disposable and Reposable Powered Morcellators.
Companies |
The Laparoscopic Devices Market Report includes analysis on the following companies currently active in this market:
Karl Storz
Apollo Endosurgery
Kirwan Surgical Products
Applied Medical
Lexington Medical
Arthrex
Lexion Medical
Aspen Surgical
Northgate Technologies
Bartik Medical
Obalon Therapeutics B. Braun
Olympus Becton Dickinson
OmniGuide
Blue Endo
PajunkUSA
Bovie Medical
Promecon
Cardinal Health
ReShape Lifesciences
CONMED
Richard Wolf
Cooper Surgical
Smith & Nephew
Dr. Fog
Solos Endoscopy Elmed
Stryker ERBE
Surgical Innovations
Ethicon
Symmetry Surgical
Integra LifeSciences
Teleflex
Intuitive Surgical