Laparoscopic Devices Revenue will Grow 1.9X, Reaching US$ 15.3 Billion by 2032: Fact.MR

The demand for minimally invasive medical devices and treatments increased in recent years along with the need for minimally invasive medical procedures. This is due to the fact that minimally invasive techniques are safer and more effective than traditional surgeries. In recent years, there has been a notable growth in the number of bariatric surgery procedures due to demand in the field of obesity therapy.

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Key Companies Profiled by Fact.MR

Karl Storz SE & CO. KgBDMedtronicStryker CorporationJohnson and JohnsonOlympus CorporationB. Braun Melsungen AGRichard Wolf GmbHShenzen Mindray Bio Medical Electronics Co., Ltd.The Cooper Companies Inc.CONMED CorporationMicroline SurgicalIntuitive SurgicalWelfare Medical Ltd.DEAM

Key Imperative

Key players profiled in the global laparoscopic devices market are integrating innovative technologies in laparoscopic devices to gain competitive edge. Some of the players are adopting new market strategies such as joint ventures, collaborations, and acquisitions to strengthen their global footprint.

For instance,

September 2021: Olympus Corporation introduced the POWERSEAL line, which are innovative bipolar surgical energy tools that provide surgeons with an advanced dissection, sealing, and gripping capabilities during laparoscopic or open surgeries.April 2021: Genesis MedTech entered into a joint venture agreement with LivsMed, for commercialization of the ArtiSential product line in Singapore and China.

Key Takeaways:

In terms of end user, hospitals segment held nearly 72% of the overall market share in 2021.By product type, energy systems segment is estimated to hold maximum share in the market, expanding at 8.5% CAGR until 2032.Based on application, general surgery segment is expected to dominate the market, registering 7.3% CAGR during the assessment period.North America is estimated to spearhead the growth in laparoscopic devices market, creating an absolute $ opportunity of US$ 2.5 Bn.In 2021, the U.S. held nearly 83% of demand share in North America market and the trend is likely to continue over the coming years.Adoption of laparoscopic procedures to treat lifestyle diseases such as obesity, gall bladder-related problems, and diverticulitis will boost the market.Growing preference for minimally invasive surgeries for reduced hospitals stay, low pain, and minimal bleeding is increasing the demand in the market.

More Valuable Insights on Laparoscopic Devices Market

Fact.MR in its latest study offers a focused view on the global laparoscopic devices market by covering comprehensive insights for the forecast period of 2022 to 2032. This survey also highlights the latest trends, opportunities, and other factors spurring the sales in the laparoscopic devices market through detailed segmentation as follows:

By Product Type:

TrocarsEnergy SystemsClosure DevicesSuction / Irrigation DevicesInsufflation DevicesLaparoscopesHand Access InstrumentsRobot-assisted System

By Application:

Bariatric SurgeryColorectal SurgeryGeneral SurgeryGynaecological SurgeryUrological SurgeryOthers

By End Use:

HospitalsClinicAmbulatory

By Region:

North AmericaLatin AmericaEuropeAPACMEA

Key Questions Covered in the Laparoscopic Devices Market Report

At what rate will the global laparoscopic devices market grow until 2032?Which is the leading region in the global laparoscopic devices market during 2022-2032?What will be the market value of laparoscopic devices market in 2022?Which are the challenges encountered in the global laparoscopic devices market?Which are the factors bolstering the growth in laparoscopic devices market?

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