Global Laparoscopy Devices Market to Reach US$ 21.7 Billion by 2032, Bolstered by Growing Prevalence of Chronic Diseases

February 17, 2023 | Healthcare

The latest report by IMARC Group, titled “Laparoscopy Devices Market Report by Product Type (Energy Devices, Laparoscopes, Insufflation Devices, Handheld Instruments, Suction/Irrigation Devices, and Others), Application (Bariatric Surgery, Urological Surgery, Gynaecological Surgery, General Surgery, Colorectal Surgery, and Others), End User (Hospitals and Clinics, Ambulatory Centers, and Others), and Region 2024-2032,” finds that the global laparoscopy devices market size reached US$ 13.7 Billion in 2023. Laparoscopy, also known as peritoneoscopy, keyhole, or minimally invasive surgery, allows surgeons to examine the abdominal and pelvis with an optical instrument called a laparoscope inserted through a tiny incision in the body. Some common laparoscopy devices are endoscopes, cameras, light sources, video monitors, trocars, hand instruments, obstetrical forceps, incision closure devices, insufflators, knot pushers, access devices, and dissectors. They are extensively used for diagnosing pancreatic cancer, gastrointestinal disorders, ectopic pregnancy, prostatectomy, cysts, and fibroids, treating pelvic inflammatory disease (PID), and removing implants and scar tissue. They aid in minimal tissue trauma and blood loss, ensure minimal scarring, fewer complications, speedy recovery, and decreased adhesion formation. As a result, laparoscopy devices are widely adopted in clinics, hospitals, and ambulatory centers across the globe.

Global Laparoscopy Devices Market Trends:

The market is primarily driven by the growing prevalence of chronic diseases such as cysts, fibroids, and obesity across the globe. In addition, the widespread integration of three-dimensional (3D) and infrared capabilities with the VISERA ELITE II surgical imaging platform to enhance efficiency and reduce cost is contributing to the market growth. Moreover, the rising popularity of minimally invasive surgeries (MIS) owing to its several benefits, such as quick recovery rate and less pain, is accelerating the product adoption rate globally. Besides this, the emerging technologies, including the incorporation of the internet of things (IoT) and artificial intelligence (AI) to provide great precision and enhance robotic-assisted surgery, represent another significant growth-inducing factor. Along with this, the escalating demand for laparoscopy devices for bariatric surgery, which functions by inserting the devices through a small incision in the abdomen to minimize the size to remove parts of the stomach, is providing a thrust to the market growth. Furthermore, the rising disposable incomes of consumers, significant advancements in the healthcare sector, increasing geriatric population prone to various ailments, such as cardiovascular diseases, diabetes, respiratory disorders, and cancer, are propelling the market growth across the globe. Looking forward, IMARC Group expects the market value to reach US$ 21.7 Billion by 2032, exhibiting a CAGR of 5.06% during the forecast period (2024-2032).

Market Summary:

  • Based on the product type, the market has been categorized into energy devices, laparoscopes, insufflation devices, handheld instruments, suction/ irrigation devices, and others.
  • On the basis of the application, the market has been segmented into bariatric, urological, gynecological, general, colorectal surgery, and others.
  • Based on the end user, the market has been classified into hospitals and clinics, ambulatory centers, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined in the report, with some of the key players being B. Braun Melsungen AG, Boston Scientific Corporation, Intuitive Surgical., Johnson & Johnson, KARL STORZ SE & Co. KG, Medtronic plc, Microline Surgical, Olympus Corporation, Richard Wolf GmbH, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Smith & Nephew Plc, Stryker Corporation, and The Cooper Companies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered B. Braun Melsungen AG, Boston Scientific Corporation, Intuitive Surgical., Johnson & Johnson, KARL STORZ SE & Co. KG, Medtronic, Microline Surgical, Olympus Corporation, Richard Wolf GmbH, Shenzhen Mindray Bio-Medical Electronics Co. Ltd, Smith & Nephew Plc, Stryker Corporation and The Cooper Companies Inc.
Customization Scope 10% Free Customization
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Global Laparoscopy Devices Market to Reach US$ 21.7 Billion by 2032, Bolstered by Growing Prevalence of Chronic Diseases
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