Press Release

Laparoscopy Market to be Dominated by Energy Systems through 2028

The growing demand for minimally invasive surgeries is expected to drive the growth of Global Laparoscopy Market the forecast period, 2024-2028.

According to TechSci Research report, “Laparoscopy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the global Laparoscopy market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the growing prevalence of cardiovascular diseases, diabetes and obesity cases across the globe and the growth in bariatric surgeries performed to reduce weight. Additionally, the growing geriatric population and rising disposable income are also expected to boost the growth of the market during the forecast period. Also, the growing demand for minimally invasive surgeries and growing technological advancements in laparoscopy devices will further enhance the demand for the laparoscopy market in the forecast period. Besides, the growing adoption of advanced technology and growing awareness of new treatment methods is a major factor that will propel the growth of the market over the years. Similarly, the growing acceptance of robot-assisted laparoscopic surgeries and the introduction of novel laparoscopic instruments is expected to create significant growth opportunities for the market. In addition to this increasing funding and favorable policies by the government of different countries will further boost the growth of the market in the forecast period.

However, the high costs of laparoscopy devices may slow down the growth of the global Laparoscopy Market in the forecast period. Also, a lack of awareness about the new surgical methods and a lack of trained healthcare professionals can further restrict the growth of the Global Laparoscopy Market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Laparoscopy Market"

Global Laparoscopy market can be segmented based on product, application, end user, region, and competitive landscape.

Based on the Product, the global laparoscopy market can be segmented into Laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments. The energy systems segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to the growing number of minimally invasive surgeries performed such as bariatric surgeries, cholecystectomy, appendectomy, among others.

Based on End User, the market can be segmented into Hospitals, Clinics, Ambulatory, and Others. The hospital segment is expected to dominate during the forecast period on account of the large number of patients visiting hospitals for getting different procedures performed. Additionally, hospitals have proper infrastructure along with availability of skilled professionals to carry out different laparoscopic procedures.  

Major companies operating in the Global Laparoscopy Market are:

  • Medtronic Plc
  • Stryker Corporation
  • Karl storz se & co. KG
  • Johnson & Johnson
  • Olympus Corporation
  • Conmed Corporation
  • B. Braun Melsungen AG
  • The Cooper Companies Inc
  • Richard Wolf Gmbh
  • Microline Surgical, Inc.

For instance, in February 2020, the company aligned with VirtaMed-a Swiss manufacturer of medical simulators-to release a simulator for laparoscopic training. This device is a mixed reality simulator that combines real laparoscopic tools with a computer-generated representation of what is happening inside the model patient.

For instance, in February 2020, Medtronic announced the acquisition of Digital Surgery-a medical device company and innovator in surgical Artificial Intelligence (AI), digital education, training, and data analytics. This acquisition will enhance its robotic-assisted surgery platform and provide AI and data analytics within laparoscopic procedures.

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“North America is expected to dominate the Global Laparoscopy Market due to the growing dependency on minimally invasive surgeries compared to open surgeries across the region. Similarly, growing competition among prominent players related to product innovation along with growing healthcare expenditure in the region are expected to create significant growth during the forecast period. Also, growing research and development in the healthcare industry and growth in healthcare expenditure in emerging countries will further drive market growth over the years. Furthermore, growing number of advanced, well-equipped hospitals and a large number of surgical procedures are driving the growth of the market. Besides, advanced technology, growing investment, and improving reimbursement scenario, and growing medical tourism are further expected to create lucrative opportunities for market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Laparoscopy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments), By Application (Bariatric Surgery, Urological Surgery, Gynecological Surgery, General Surgery, Colorectal Surgery, Other Surgeries), By End User (Hospitals, Clinics, Ambulatory, Others) and By Region, has evaluated the future growth potential of Global Laparoscopy Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Laparoscopy Market.

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