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According to the latest report by IMARC Group, titled "Laparoscopic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global laparoscopic devices market reached a value of US$ 8.2 Billion in 2021. Laparoscopy is a diagnostic procedure that is widely used for the diagnosis and treatment of endometriosis, cysts, fibroids, ectopic pregnancy, and pelvic inflammatory disease (PID). It is a minimally invasive (MI) procedure that involves making small incisions for the examination of the abdomen. Laparoscopy devices are utilized by healthcare professionals to ensure minimal bleeding and assist in maintaining hemostasis. It involves the use of a camera and specialized instruments that are passed through the trocars. This enables high-resolution images to be transmitted on screens for precise detail monitoring. Some of the commonly utilized laparoscopic devices include cannulas, forceps, rigid scopes, knot pushers, retractors, incision closure devices, bowel grasper and surgical mesh that are extensively utilized as essential tools in general, bariatric and colorectal surgeries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Laparoscopic Devices Market Trends:
The global market is primarily driven by the increasing prevalence of chronic lifestyle disorders, such as diabetes, pancreatic cancer and gastrointestinal disorders, among the masses. The high success rates associated with laparoscopy have, consequently, provided a thrust to the uptake of laparoscopic devices across the globe. Moreover, there has been a rising preference for MI procedures among both the patients and healthcare professionals due to the enhanced efficacy, quicker recovery period and improved patient outcome associated with these procedure as compared with traditional surgeries. The market is further driven by the advent of robot-assisted laparoscopic devices in the market that are expected to overcome challenges related to safety, sterility, and adaption. Their employment is expected to facilitate complex surgeries with minute precision and accuracy, thereby creating a positive outlook for the market. Some of the other factors contributing to the market growth include extensive research and development (R&D) activities and the constant advancements in the overall healthcare infrastructure. On account of the aforementioned factors, the market is expected to grow at a CAGR of 6.6% during 2022-2027.
Market Summary:
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