According to IMARC Group’s latest report, titled “Laparoscopic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global laparoscopic devices market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Laparoscopic devices represent medical equipment utilized for accessing the abdominal and pelvic region for laparoscopic surgeries. Some of the common product types include trocars, cannulas, forceps, rigid scopes, incision closure devices, retractors, knot pushers, bowel, grasper, surgical mesh, etc. These laparoscopic devices are used for adjusting tissues and allowing ergonomic rotations, grasping, and locking with precision. They are mostly minimally invasive (MI) as they can be inserted with a laparoscope through small incisions and help to ensure minimal tissue trauma, blood loss, and discomfort for the patient. Laparoscopic devices prove extremely useful in gynecological, bariatric, colorectal, and urological surgeries. Consequently, they find extensive applications in hospitals, clinics, and ambulatory surgery centers across the globe.

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Laparoscopic Devices Market Trends:

The growing prevalence of several chronic medical ailments, including cancer, diabetes, and urological disorders, and the shifting preferences toward minimally invasive surgeries (MIS) are among the key factors driving the laparoscopic devices market. Additionally, the increasing technological advancements to develop space-saving robotic laparoscopy devices, which can be integrated into existing equipment rather than being employed as a stand-alone system, are acting as significant growth-inducing factors. Apart from this, the elevating demand for bariatric surgeries, owing to the escalating obesity rates, is also positively influencing the global market. Moreover, the inflating investments by leading market players in research and development (R&D) activities to design innovative instruments that can be completely disassembled for effective cleaning and decontamination and the launch of new products with slide-lock graspers that offer the highest level of tissue grasping properties are further stimulating the market growth. Besides this, the rising expenditure on healthcare infrastructure upgradation, especially in developing countries, is expected to propel the laparoscopic devices market in the coming years.

Laparoscopic Devices Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the laparoscopic devices market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • B. Braun
  • BD (Becton, Dickinson and Company)
  • Boston Scientific Corporation
  • CONMED Corporation
  • Cook Medical Incorporated
  • Intuitive Surgical Inc.
  • Johnson & Johnson
  • Karl Storz SE & CO. KG
  • Medtronic plc
  • Olympus Corporation
  • Richard Wolf GmbH
  • Smith & Nephew Plc
  • Stryker Corporation
  • Tekno-Medical Optik-Chirurgie GmbH

Key Market Segmentation:

The report has segmented the global laparoscopic devices market based on product type, application, end user and region.

Breakup by Product Type:

  • Trocars
  • Energy Systems
  • Closure Devices
  • Suction/Irrigation Devices
  • Insufflation Devices
  • Laparoscopes
  • Hand Access Instruments
  • Robot Assisted Systems
  • Others

Breakup by Application:

  • Bariatric Surgery
  • Colorectal Surgery
  • General Surgery
  • Gynecological Surgery
  • Urological Surgery
  • Others

Breakup by End User:

  • Hospitals and Clinics
  • Ambulatory Surgery Centers
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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