Global Laparoscopic Devices Market

Laparoscopic Devices Market Size, Share, Growth Analysis, By Product Type (Laparoscopes, Energy Devices), By Application (General Surgery, Gynecological Surgery), By End User, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2619 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 98 | Figures: 76

Laparoscopic Devices Market Insights

Laparoscopic Devices Market size was valued at USD 7.8 Billion in 2023 and is poised to grow from USD 8.37 Billion in 2024 to USD 14.77 Billion by 2032, growing at a CAGR of 7.35% during the forecast period (2025-2032).

The surging incidence of chronic diseases and rising preference for minimally invasive surgeries are expected to primarily drive up the demand for laparoscopic devices across the study period and beyond. Advancements in laparoscopic device technologies are also estimated to create new opportunities for laparoscopic device suppliers in the future. Rising geriatric population around the world is also estimated to offer a wider business scope for laparoscopic device companies operating in this market. Growing adoption of laparoscopic devices in outpatient facilities is also forecasted to bolster the sales of laparoscopic devices in the long run. Increase in incidence of patients suffering from conditions such as uterine fibroids and endometriosis are also expected to bolster the demand for laparoscopic devices over the coming years. On the contrary, steep learning curve for surgeons, risk of device malfunction and failure, high initial costs, and limited accessibility are some key constraints that are slated to negatively impact laparoscopic devices market forecast in the long run.  .

US Laparoscopic Devices Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Global Laparoscopic Devices market size was valued at USD 7.27 billion in 2022 and is poised to grow from USD 7.80 billion in 2023 to USD 13.76 billion by 2031, growing at a CAGR of 7.4% during the forecast period (2024-2031).

Developing laparoscopic devices that are easy to use to eliminate the longer learning times for surgeons should be the prime focus of market players. Laparoscopic devices providers can also maximize their business by targeting developing countries where the popularity of minimally invasive surgeries has just started to rise. Use of artificial intelligence and advanced robotics can help optimize the accuracy and efficiency of laparoscopic devices in the long run.   'Medtronic plc ', 'Karl Storz GmbH & Co. KG ', 'Stryker Corporation ', 'Olympus Corporation ', 'Boston Scientific Corporation ', 'Fujifilm Holdings Corporation ', 'Smith & Nephew plc ', 'Cook Medical ', 'B. Braun Melsungen AG ', 'Conmed Corporation ', 'Intuitive Surgical, Inc. ', 'Richard Wolf GmbH ', 'Cooper Surgical, Inc. ', 'Applied Medical Resources Corporation ', 'Zimmer Biomet Holdings, Inc. ', 'Ambu A/S ', 'Teleflex Incorporated ', 'KARL STORZ Endoscopy-America, Inc. ', 'Surgical Innovations Group plc ', 'Peters Surgical'

Increasing number of patients around the world are focusing on opting for minimally invasive surgical procedures owing to benefits such as shorter recovery times, reduced pain, and lower infection risks. Advanced laparoscopic devices play a crucial role in successful minimally invasive surgery thereby driving laparoscopic devices market outlook as well.  

Robotic-assisted Laparoscopy: Laparoscopic device companies can focus on providing robotic-assisted laparoscopy by integrating advanced robotic technologies with their offerings. Improved precision, reduced surgeon fatigue, and better patient outcomes are the top benefits of robotic-assisted laparoscopy that make these unmissable laparoscopic devices market trend for companies in the long run.  

North America is predicted to spearhead the demand for laparoscopic devices in the world. High number of laparoscopic procedures performed in this region, high healthcare expenditure, and availability of favorable reimbursement policies are expected to promote sales of zzz in this region. The United States is expected to bring in the most revenue for zzz providers in this region on the back of its developed healthcare ecosystem and rising geriatric population base. High investments in medical device R&D and innovation from public and private organizations is also forecasted to bolster zzz market development potential in North America.  

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Global Laparoscopic Devices Market

Report ID: SQMIG35A2619

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