Global Laparoscopy Devices Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
24 Jul, 2023
The global laparoscopy devices market size is expected to grow from $11.29 billion in 2022 to $12.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global laparoscopy devices market size is expected to reach $15.96 billion in 2027 at a CAGR of 7%.
Global Laparoscopy Devices Market Key Driver
The rising frequency of chronic diseases is likely to drive future growth in the laparoscopy devices market. Chronic diseases are conditions that persist a year or longer and involve ongoing medical care, limitations on daily activities, or both. Examples include heart disease, cancer, obesity, and diabetes. Patients with misdiagnosed prolonged stomach pain can benefit from a good diagnosis and therapeutic intervention via laparoscopy. Aside from these advantages, research have shown that these devices employ minimal-access surgery methods.
Get a sample of the global laparoscopy devices market reportGlobal Laparoscopy Devices Market Segments
The global laparoscopy devices market is segmented:
1) By Product: Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgery Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories, Other Products
2) By Application: General Surgery, Bariatric Surgery, Gynecological Surgery
3) By End User: Hospitals, Clinics, Other End Users
4) By Geography: The regions covered in the laparoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global laparoscopy devices market.
Major Laparoscopy Devices Industry Players
B. Braun, Boston Scientific Corporation, CONMED Corporation, Ethicon Inc., Karl Storz SE & Co. KG, Medtronic PLC, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC, Stryker Corporation, Intuitive Surgical Inc., The Cooper Companies Inc., Microline Surgical Inc., Becton, Dickinson and Company, Welfare Medical Ltd.
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Laparoscopy Devices Market Overview
Laparoscopy devices refer to rigid endoscopes with telescopic rod lens systems that are typically attached to single-chip or three-chip video cameras. The use of laparoscopy devices allows the surgeon to reach the belly (stomach) and pelvis without having to make significant skin incisions.
Laparoscopy Devices Global Market Report 2023 provides data on the global laparoscopy devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The laparoscopy devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.