How Has The Laparoscopy Devices Market Size Evolved In Recent Years?
The laparoscopy devices market has seen considerable growth due to a variety of factors.
•The market size of laparoscopy devices has experienced significant growth in recent years. The increase is anticipated to surge from $12.75 billion in 2024 to $13.6 billion in 2025 with a compound annual growth rate (CAGR) of 6.6%.
Factors contributing to the growth during the historic period include better training programs for surgeons, improved safety and efficacy, a shift towards less invasive surgery, advancements in energy-based devices, and challenges faced during initial adoption.
What Is The Projected Growth Of The Laparoscopy Devices Market?
The laparoscopy devices market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the laparoscopy devices market size to experience robust growth in the coming years, with projections indicating a rise to "$18.43 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%.
Various factors contribute to this predicted growth in the forecast period, such as the embrace of customization and a patient-focused approach, expansion into emerging markets, improvement programs for training and skills, incorporation of systems assisted by robotics, and an increase in energy-based devices. Observations for major future trends include device miniaturization, a surge in minimally invasive surgeries, market growth in developing economies, increased emphasis on training and education, and an integration of robotics technology.
What Key Factors and Trends are Driving the Growth of the Laparoscopy Devices Market?
The rise in chronic diseases is forecasted to boost the expansion of the laparoscopy devices market. Defined as medical conditions that persist for a year or more, and require continuous medical attention and/or limit daily activities, chronic diseases include heart disease, cancer, obesity, and diabetes among others. Undiagnosed ongoing abdominal discomfort can be precisely diagnosed and addressed through therapeutic intervention brought about by laparoscopy. Further proving their worth, research has displayed that these devices facilitate less invasive surgical processes. As per the American College of Cardiology, a US-based healthcare nonprofit organization which released a report in August 2022, it's predicted that the four key cardiovascular risk components in the United States will see a sharp rise from 2025 to 2060. There's an expected maximum upward shift of 39.3% in diabetes, affecting 55 million people, followed by dyslipidemia (27.6% affecting 126 million), hypertension (25.1% affecting 162 million), and obesity (18.3% affecting 126 million). Additionally, notable upsurges in cardiovascular illness rates such as stroke (33.8% affecting 15 million) and heart failure (33.4% affecting 13 million) are expected, along with ischemic heart disease (30.7% affecting 29 million) and heart attack (16.9% affecting 16 million). Owing to these projected figures, the escalating rate of chronic diseases is fueling the ascension of the laparoscopy devices market.
What are the Market Segments in the Laparoscopy Devices Market?
The laparoscopy devices market covered in this report 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
Subsegments:
1) By Laparoscopes: Standard Laparoscopes, High-Definition Laparoscopes, 3D Laparoscopes
2) By Energy Devices: Electrosurgical Devices, Laser Devices, Ultrasonic Devices
3) By Insufflators: Manual Insufflators, Automatic Insufflators
4) By Robot-Assisted Surgery Systems: Surgical Robots, Robot-Assisted Laparoscopic Systems
5) By Suction or Irrigation Systems: Suction Devices, Irrigation Pumps
6) By Closure Devices: Staplers, Suture Devices
7) By Hand Instruments: Graspers, Scissors, Needle Holders
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What Trends are Shaping the Laparoscopy Devices Market?
Top firms in the laparoscopy devices market are focusing on creating superior energy systems to augment surgical results and boost procedural effectiveness. Modern energy devices, like those that merge revolutionary technology with adaptability, are essential in laparoscopic procedures. A case in point is when Olympus Corporation, a Japanese company specializing in medical technology aimed at disease prevention, detection, and treatment, unveiled its THUNDERBEATTM Open Fine Jaw Type X surgical energy devices for open surgery in September 2022. Designed specifically for open surgery, the THUNDERBEATTM Open Fine Jaw Type X melds high-level energy transmission with meticulous tissue handling, allowing for efficient dissection and coagulation, thus promoting surgical effectiveness and restricting thermal dispersal. This device is especially advantageous in laparoscopic surgeries, wherein precise control is critically important for achieving favorable results.
Who Are the Key Players in the Laparoscopy Devices Market?
Major companies operating in the laparoscopy devices market include:
• B. Braun Melsungen AG
• 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.
• Applied Medical Resources Corporation
• Cooper Surgical Inc.
• Fujifilm Holdings Corporation
• Grena Ltd.
• Henke-Sass Wolf GmbH
• LaproSurge Ltd.
• Maxer Endoscopy GmbH
• MedGyn Products Inc.
• EndoOptiks Inc.
• EndoChoice Inc.
• Endo-Technik W. Griesat GmbH
• Endo-Flex GmbH
• Endo-Therapeutics Inc.
• Smiths Group plc
• LiNA Medical ApS
What are the Regional Insights into the Laparoscopy Devices Market?
North America was the largest region in the laparoscopy devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laparoscopy devices market report during the forecast period. The regions covered in the laparoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
