What Has Been The Evolution of the Suture Laparoscopic Forceps Market in Recent Years?
The suture laparoscopic forceps market has seen considerable growth due to a variety of factors.
• The suture laparoscopic forceps market has grown strongly in recent years. It will grow from $2.26 billion in 2024 to $2.41 billion in 2025, at a CAGR of 6.6%.
This growth is driven by the increasing number of laparoscopic surgeries, higher demand for minimally invasive procedures, and growing adoption of laparoscopic techniques, along with a rise in surgeries overall.
What Is the Forecasted Market Size and Growth Rate for The Suture Laparoscopic Forceps Market Size In The Coming Years?
The suture laparoscopic forceps market is expected to maintain its strong growth trajectory in upcoming years.
• The suture laparoscopic forceps market is expected to grow steadily, reaching $3.07 billion by 2029 at a CAGR of 6.3%.
Growth is driven by the rise in minimally invasive surgeries, increased demand for suture laparoscopic forceps, and expanding healthcare infrastructure. Key trends include design innovations, technology advancements, mergers, and collaborations in healthcare.
What Factors Are Driving Growth In The Suture Laparoscopic Forceps Market?
Growing surgery numbers are set to spur expansion in the suture laparoscopic forceps market. This increase in surgeries comes amid medical advances, notably in minimally invasive methods like laparoscopy. The advantages of such techniques include quicker recovery times, shorter hospital stays, and improved patient outcomes in contrast to traditional open surgeries. The precise placement and manipulation of sutures during surgeries, attainable using suture laparoscopic forceps, minimizes tissue damage and aids rapid recuperation. For example, based on data from the Government of British Columbia, a Canada-based administrative body, in May 2024, a total of 365,825 surgeries (both scheduled and unscheduled) were carried out. This encompassed 284,844 scheduled procedures, marking a surge of 24,380 over the same period in 2019-20. Moreover, the count of both scheduled and unscheduled surgeries exceeded the 2022-23 figure by 14,939. These increasing surgical numbers thus fuel the growth of the suture laparoscopic forceps market. Suture Laparoscopic Forceps Market Driver: Chronic Disease Prevalence Influencing Growth of the Suture Laparoscopic Forceps Market
What Are The Main Segments Of The Global Suture Laparoscopic Forceps Market?
The suture laparoscopic forceps market covered in this report is segmented –
1) By Product Type: Reusable Forceps, Disposable Forceps
2) By Material: Stainless Steel, Titanium
3) By Length: Short, Long
4) By Applications: Laparoscopic, Surgery, Other Applications
5) By End-User: Adults, Pediatrics
Subsegments:
1) By Reusable Forceps: Standard Reusable Forceps, Scissor-Type Reusable Forceps, Needle Holder Reusable Forceps, Grasping Reusable Forceps, Surgical Reusable Forceps
2) By Disposable Forceps: Standard Disposable Forceps, Scissor-Type Disposable Forceps, Needle Holder Disposable Forceps, Grasping Disposable Forceps, Surgical Disposable Forceps
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Who Are the Key Players In The Suture Laparoscopic Forceps Market?
Major companies operating in the suture laparoscopic forceps market are:
• Johnson & Johnson
• Medtronic plc
• Stryker Corporation
• Boston Scientific Corporation
• Olympus Corporation
• B. Braun Medical Ltd
• Teleflex Incorporated
• ConMed Corporation
• Applied Medical Resources Corporation
• Ackermann Instrumente GmbH
• Zhejiang Geyi Medical Instrument Co. Ltd
• Sklar Instruments
• Purple Surgical International Ltd.
• Mediflex
• Microline Surgical Inc.
• LaproSurge Ltd.
• Maxer Endoscopy GmbH
• Victor Medical Instruments Co. Ltd.
• Hospiinz International
• Grena Ltd.
What Is The Most Dominant Region In The Suture Laparoscopic Forceps Market?
North America was the largest region in the suture laparoscopic forceps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the suture laparoscopic forceps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
