The global laparoscopic devices market was valued at US$10.54 billion in 2017, growing at a CAGR of 7.3% during the forecast period from 2019 – 2025. Growing preference for minimally invasive surgeries, technological advancements and increasing healthcare awareness are some of the prominent factors supporting the growth of the global laparoscopic devices market. In addition, increasing number of obese and geriatric population coupled with rising preference for less hospital stay are the other factors that drive the market.
Laparoscopic devices are used to diagnose and treat abdominal and pelvic organs through minimal incision. Increased awareness amongst patients about minimally invasive surgery increases demand for the same as it is safe, feasible, and patient-friendly. The aging population is well informed about healthcare developments, and this has increased the demand for minimally invasive procedures across the globe. Urbanization and changing lifestyles have led to increase in diseases such as cardiovascular disorders, arthritis, chronic diseases pertaining to joints, obesity, and back pain. Changing lifestyles have triggered unhealthy eating habits, which have resulted in an increase in the overall obesity rate.
The size of the global market for Laparoscopic Devices is expected to reach USD 25.13 Billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.39 %.
.jpg "The Global Laparoscopic Devices Market 2020-2030 (USD Billion)")
Geographically, North America dominated the global laparoscopic devices market and is expected to retain its dominance during the forecast period. The dominance of the regional market was majorly due to increasing need for healthcare among the geriatric population, genomics technological advancements and increasing application areas for minimally invasive surgeries support the growth of laparoscopic devices market in North America. Majority of the key players are focusing on Asia-Pacific market as there is rising demand in the region coupled with huge untapped population and growing medical tourism in the region. Thus, owing to the mentioned factors Asia-Pacific laparoscopic devices market is expected to grow at the highest CAGR during the study period.
B. Braun Aesculap, Karl Storz, Medtronic plc, Olympus Corporation, Richard Wolf, Ethicon, Inc., Stryker Corporation, Cook Medical Inc., Smith & Nephew, ConMed Corporation and others are some of the key players operating in the global laparoscopic devices market.
Global Laparoscopic Devices Market
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 25.13 Billion |
| Growth Rate | CAGR of 8.39 % during 2020-2030 |
| Segment Covered | By Type, By Application, By End-User, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Olympus Corporation, B. Braun Melsungen AG, Intuitive Surgical Inc., Medtronic plc., Stryker Corporation, Smith & Nephew Plc, CareFusion Corporation, Ethicon US, LLC, KARL STORZ GmbH & Co. KG, Richard Wolf GmbH, Endocontrol SA, and Tekno-Medical Optik Surgery GmbH |
Key segments of the global laparoscopic devices market
Device Type Overview (USD Billion)
- Laparoscopes
- Energy Devices
- Insufflator Devices
- Robot-Assisted Surgery Devices
- Suction Devices
- Closure Devices
- Hand Instruments
- Access Devices
- Accessories
Application Type Overview, (USD Billion)
- General Surgery
- Bariatric Surgery
- Gynecological Surgery
- Urological Surgery
- Colorectal Surgery
- Others
Regional Overview, (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- Korea
- India
- Southeast Asia
- Rest of Asia Pacific
- South America, Middle-East & Africa
- Brazil
- Egypt
- Saudi Arabia
- South Africa
- Nigeria
- Rest of the World
Frequently Asked Questions (FAQ) :
The laparoscopic devices market is growing at a CAGR of 8.39 % over the forecast period.
The application of the laparoscopic devices market Ariatric Surgery, General Surgery, Gynecological Surgery, Urological Surgery
The top companies that hold the market share in laparoscopic devices market are B. Braun Aesculap, Karl Storz, Medtronic plc, Olympus Corporation, Richard Wolf, Ethicon, Inc., Stryker Corporation, Cook Medical Inc., Smith & Nephew, ConMed Corporation & among others.