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Laparoscopy Devices Market Report 2023: Estimated Yield, Revenue Analysis, New Opportunities and Forcast Players ConMed Corporation, B. Braun Melsungen AG, Karl Storz SE & CO. KG

07-24-2023 02:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Brainy Insights

Laparoscopy Devices Market Report 2023: Estimated Yield,

As per the report published by The Brainy Insights, the global laparoscopy devices market is expected to grow from USD 9.60 billion in 2021 to USD 17.71 billion by 2030, at a CAGR of 7.04% during the forecast period 2022-2030. North American region emerged as the largest market for the global laparoscopy devices market, with a 48.35% share of the market revenue in 2021. The raised demand for bariatric surgeries performed in the region to reduce weight propels the market's growth. Additionally, the change in the adoption of minimally invasive methods and many surgical procedures is also helping to drive market growth in this region. In addition, the Asia Pacific region is anticipated to show the fastest CAGR growth over the projection period due to the large population base and improvement in healthcare facilities.

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Laparoscopy Devices Market Size by Laparoscopy Devices Market Size by Application (Bariatric Surgery, Colorectal Surgery, General Surgery, Urological Surgery, and Others), Product (Robot Assisted Systems, Laparoscopes, Energy Systems, Hand Access Instruments, Suction or Irrigation Systems, Closure Devices, and Others), End-User (Clinics, Hospitals, and Others) Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include ConMed Corporation, B. Braun Melsungen AG, Karl Storz SE & CO. KG, Boston Scientific Corporation, Johnson & Johnson, Smith & Nephew Plc, Olympus Corporation, Stryker Corporation, Richard Wolf GmbH, Intuitive Surgical, Medtronic PLC, Microline Surgical, Inc., SCHÖLLY Fiberoptic GmbH, Mindray Medical International Limited, Victor Medical Instruments Co., Ltd, Richard Wolf GmbH, Peters Surgical, Cook Medical, CONMED Corporation, AMNOTEC International Medical, and among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The application segment is divided into bariatric surgery, colorectal surgery, general surgery, urological surgery, and others. The general surgery segment led the market with a market share of 21.24% in 2021. This growth is attributed to the rapid technological advancements in the healthcare industry. The product segment is divided into robot-assisted systems, laparoscopes, energy systems, hand access instruments, suction or irrigation systems, closure devices, and others. The energy systems segment led the market with a market share of 20.26% in 2021. This growth is attributed to the ever-increasing number of bariatric procedures. The end-user segment is divided into clinics, hospitals, and others. The hospitals segment led the market with a market share of 41.12% in 2021. This growth is attributed to the increasing demand from emerging economies.

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The ever-increasing number of laparoscopic bariatric procedures, increasing healthcare infrastructure, and installation of progressive technologies are propelling the laparoscopy device market's growth. Further, growth in bariatric surgeries performed globally to decrease weight and rising chronic disease rates are also boosting the growth of the laparoscopy devices market. In addition, new progress in surgical technology and the growing number of urological and gynecological operations are also aiding in promoting the market growth.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

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