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Rising Prevalence Of Chronic Diseases Propels Laparoscopy Devices Market: A Key Catalyst Accelerating Laparoscopy Devices Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Laparoscopy Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for laparoscopy devices has seen robust growth in the past few years. The market, valued at $12.75 billion in 2024, is projected to rise to $13.6 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. The factors that spurred this growth during the historic period include better training programs for surgeons, increased safety and effectiveness, a shift towards minimally invasive surgery, advancements in energy-based devices, and overcoming initial adoption challenges.
Laparoscopy Devices Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for laparoscopy devices is predicted to undergo robust expansion. The market is forecasted to expand to "$18.43 billion by 2029 with a compound annual growth rate (CAGR) of 7.9%. This growth in the projected timeline can be credited to aspects like individualized and patient-centric strategies, increased market penetration in developing economies, programs for training and skill improvement, and incorporation of systems assisted by robotics, alongside the growth in energy-based devices. The dominant trends over the projection period comprise device miniaturization, surge in minimally invasive surgical procedures, adoption in developing economies, emphasis on training and education, and the integration of robotics.
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What Are the Drivers Transforming the Laparoscopy Devices Market?
The growth of the laparoscopy devices market is anticipated to be fueled by the rising incidence of chronic diseases. Defined as conditions that persist for a year or more, demanding ongoing medical supervision and often impeding daily activities, chronic ailments include heart disease, cancer, obesity, and diabetes. Laparoscopy provides a definitive diagnosis and advantageous therapeutic intervention for patients experiencing unexplained long-term abdominal pain. Studies also suggest that these devices facilitate minimal-access surgical procedures. The American College of Cardiology, in a report published in August 2022, forecasted an expected surge in all four primary cardiovascular risk factors in the United States from 2025 through 2060. It is predicted that diabetes will witness the most significant percentage increase of 39.3%, affecting 55 million individuals. It will be followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Further, rises in rates of cardiovascular diseases like stroke (33.8% to 15 million) and heart failure (33.4% to 13 million) are predicted with ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million) trailing closely. Hence, the mounting incidence of chronic diseases is contributing to the burgeoning growth of the laparoscopy devices market.
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What Long-Term Trends Will Define the Future of the Laparoscopy Devices Market?
Firms in the laparoscopy devices market are advancing energy systems for better surgical outcomes. In September 2022, Japan-based Olympus Corporation launched the THUNDERBEATTM Open Fine Jaw Type X device, which combines dissection and coagulation for enhanced precision in laparoscopic and open surgeries.
Which Segments in the Laparoscopy Devices Market Offer the Most Profit Potential?
The laparoscopy devices market covered in this report is segmented -
1) By Product: Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgery Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories, Other Products
2) By Application: General Surgery, Bariatric Surgery, Gynecological Surgery
3) By End User: Hospitals, Clinics, Other End Users
Subsegments:
1) By Laparoscopes: Standard Laparoscopes, High-Definition Laparoscopes, 3D Laparoscopes
2) By Energy Devices: Electrosurgical Devices, Laser Devices, Ultrasonic Devices
3) By Insufflators: Manual Insufflators, Automatic Insufflators
4) By Robot-Assisted Surgery Systems: Surgical Robots, Robot-Assisted Laparoscopic Systems
5) By Suction or Irrigation Systems: Suction Devices, Irrigation Pumps
6) By Closure Devices: Staplers, Suture Devices
7) By Hand Instruments: Graspers, Scissors, Needle Holders
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Which Firms Dominate the Laparoscopy Devices Market by Market Share and Revenue in 2025?
Major companies operating in the laparoscopy devices market include B. Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Ethicon Inc., Karl Storz SE & Co. KG, Medtronic PLC, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC, Stryker Corporation, Intuitive Surgical Inc., The Cooper Companies Inc., Microline Surgical Inc., Becton Dickinson and Company, Welfare Medical Ltd., Applied Medical Resources Corporation, Cooper Surgical Inc., Fujifilm Holdings Corporation, Grena Ltd., Henke-Sass Wolf GmbH, LaproSurge Ltd., Maxer Endoscopy GmbH, MedGyn Products Inc., EndoOptiks Inc., EndoChoice Inc., Endo-Technik W. Griesat GmbH, Endo-Flex GmbH, Endo-Therapeutics Inc., Smiths Group plc, LiNA Medical ApS
Which Regions Offer the Highest Growth Potential in the Laparoscopy Devices Market?
North America was the largest region in the laparoscopy devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laparoscopy devices market report during the forecast period. The regions covered in the laparoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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