Laparoscopy Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Laparoscopy Market: By Product (Laparoscopes, Energy devices, Insufflators, Suction/ Irrigation Systems, Closure Devices, Hand Instruments, Access devices, Accessories), By Application (Gynecological Surgery, General Surgery, Urological Surgery, Colorectal Surgery, Bariatric Surgery, Pediatric Surgery), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers [ASC]), and Geography

 

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Report

Description

The lparoscopy market is estimated to be valued at USD 11,547.3 Million in 2021 and is poised to grow at a significant CAGR of 5.8% over 2022-2028.  Laparoscopy is used to diagnose and treat endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids. Laparoscopy devices are widely employed in the diagnosis and treatment of numerous ailments such as prostatectomy, pancreatic cancer, and gastrointestinal issues. The use of these devices in surgical operations ensures minimum bleeding and aids in the maintenance of Hemostasis. The Laparoscopy segment anticipated to grow at significant CAGR over the forecast years owing to rising demand laparoscopy devices are favoured by both surgeons and physicians due to the high level of accuracy they provide in procedures. The global increase in morbid obesity cases is the primary reason driving the laparoscopy market expansion. Furthermore, the increase in bariatric procedures conducted globally to reduce weight boosts market development. According to data published by the American Society for Metabolic & Bariatric Surgery (ASMBS), there were 252,000 bariatric surgeries performed in the United States alone in 2018. Increase in adoption of laparoscopy surgery and advantages of single-incision laparoscopic surgery (SLS) are a few factors driving the industry’s growth over the forecasting period.

Recent Market Developments:

In Sept 2019, Medtronic launched its new robot-assisted surgery system. The technology is Medtronic’s response to a burgeoning market controlled by Intuitive Surgical and its da Vinci SP system.

In Nov 2020, Johnson & Johnson launched new robot-assisted surgery system. The new device will have six arms and will be integrated into the operating table to enable more control and flexibility in operation. Also, the platform is designed with a zero-footprint to allow patient access, maximize operating room space, and optimize efficiency.

Laparoscopy Market

MARKET SUMMARY
-
5.8%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.8%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market–  North America

Laparoscopy Market

  • The global laparoscopy market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The  laparoscopy market report gives historical, current, and future market sizes (US$ Mn) on product type, application, end user and geography.
Key Players
  • Karl Storz GmbH & CO. KG
  • Medtronic PLC
  • Intuitive Surgical
  • Stryker Corporation
  • Olympus Corporation
Laparoscopy Market Dynamics

Laparoscopy was first utilized to acquire a camera view of the abdomen for diagnostic purposes. However, camera optics have improved, and compact, specialised surgical equipment have been developed, the technology is being employed more frequently for surgical procedures. Laparoscopic surgery is now the favored method for a wide range of abdominal procedures. In general, this surgical procedure is gentler on the tissue. In addition, the wounds heal faster than they do following open operations, and the recovery time is less.


North-America Got Significant Share

Laparoscopy Market

The Laparoscopy market in North America is likely to hold the highest revenue share of in 2021 and same trend is expected over the forecast period due to increasing reliance on laparoscopic operations over open surgery is a significant factor driving the market. Furthermore, rivalry among significant competitors regarding product innovation will have an influence on the market for the laparoscopic device. Furthermore, surgeons are frequently favouring laparoscopy over standard procedures since it allows for faster recovery and a better outcome.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The lparoscopy market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Laparoscopy Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The lparoscopy market is projected to expand at a CAGR of 5.8% during the forecast period.

Intuitive Surgical (US), Stryker Corporation (US), Olympus Corporation (Japan), Karl Storz GmbH & CO. KG (Germany)

North America is the fastest-growing region for lparoscopy market


Report

Company Profile

  • Intuitive Surgical (US)
  • Stryker Corporation (US)
  • Olympus Corporation (Japan)
  • Karl Storz GmbH & CO. KG (Germany)
  • Medtronic PLC (Ireland)
  • Microcline Surgical, Inc. (US)
  • Braun Melsungen AG (Germany)
  • SCHÖLLY Fiberoptic GmbH (Germany)
  • Optomic (Spain)
  • Victor Medical Instruments Co., Ltd (China)
  • Peters Surgical (France),

Description

The lparoscopy market is estimated to be valued at USD 11,547.3 Million in 2021 and is poised to grow at a significant CAGR of 5.8% over 2022-2028.  Laparoscopy is used to diagnose and treat endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids. Laparoscopy devices are widely employed in the diagnosis and treatment of numerous ailments such as prostatectomy, pancreatic cancer, and gastrointestinal issues. The use of these devices in surgical operations ensures minimum bleeding and aids in the maintenance of Hemostasis. The Laparoscopy segment anticipated to grow at significant CAGR over the forecast years owing to rising demand laparoscopy devices are favoured by both surgeons and physicians due to the high level of accuracy they provide in procedures. The global increase in morbid obesity cases is the primary reason driving the laparoscopy market expansion. Furthermore, the increase in bariatric procedures conducted globally to reduce weight boosts market development. According to data published by the American Society for Metabolic & Bariatric Surgery (ASMBS), there were 252,000 bariatric surgeries performed in the United States alone in 2018. Increase in adoption of laparoscopy surgery and advantages of single-incision laparoscopic surgery (SLS) are a few factors driving the industry’s growth over the forecasting period.

Recent Market Developments:

In Sept 2019, Medtronic launched its new robot-assisted surgery system. The technology is Medtronic’s response to a burgeoning market controlled by Intuitive Surgical and its da Vinci SP system.

In Nov 2020, Johnson & Johnson launched new robot-assisted surgery system. The new device will have six arms and will be integrated into the operating table to enable more control and flexibility in operation. Also, the platform is designed with a zero-footprint to allow patient access, maximize operating room space, and optimize efficiency.

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