The global laparoscopy devices market is forecasted to rise at a 6.86% CAGR, reaching USD 21.890 billion by 2030 from USD 15.711 billion in 2025.
Laparoscopy devices are medical instruments used in the minimally invasive surgery process of laparoscopy, which refers to the medical procedure of performing surgery by creating single or several minor dissections on the patient undergoing the surgery. Trocars, needles, needle-holders, laparoscopes, graspers, suction instruments, and closure instruments are some of the most commonly available instruments in laparoscopy instruments. Laparoscopic instruments are used in every medical sector that uses a laparoscopic approach in its surgery, such as gynecological surgeries, colorectal surgeries, urological surgeries, and other surgeries. Therefore, due to several market factors contributing to the market growth, it can be anticipated that the global laparoscopy devices market will experience expansion in its market size over the forecasted period.
The prominent rise of laparoscopic surgeries in the gynaecological field and the hefty investments by biotechnological companies for developing new laparoscopic instruments are the key factors for driving the demand for the global laparoscopy devices market.
The emerging concerns in the gynecological field have resulted in increased adoption of laparoscopic surgeries due to the quicker recovery rate and lesser time of hospitalization. For instance, according to research conducted at Grande International Hospital, the number of laparoscopic surgeries increased from 30 in 2015 to 127 in 2018. The removal of ovarian cysts and uterus fibroids accounts for the most laparoscopic gynecological surgeries performed across the globe. In addition to this, leading biotechnological firms across the world are investing lump sum amounts of money for developing new laparoscopic devices with better performance levels. Recently, Claria Medical Inc., a company developing new medical instruments for use in laparoscopic hysterectomy received investment from Organon, an international healthcare enterprise.
Additionally, governments of various countries like Latvia, Belarus, and India have announced tenders for laparoscopic instruments. Consequently, governments across the world are promoting the growth of laparoscopic instruments. For instance, an Indian Government Hospital invested Rs. 27 lakhs to acquire an advanced laparoscopic instrument. Therefore, considering all these factors acting in favor of the global laparoscopic devices market, it can be expected that the market will experience vast development in the forecasted period.
The requirement for specialized skills and high-cost metrics of laparoscopic instruments could delay the expansion of the global laparoscopic devices market.
The surgical procedure of laparoscopy and the operation of the laparoscopic equipment require the possession of a diligent skillset by the surgeon. A majority of laparoscopic instruments have restricted freedom over their movements due to the infliction of a small-sized incision. In addition to this, several laparoscopic devices are technologically advanced with robotic assistance which needs to be understood efficiently by the surgeon. Hence, a surgeon must be well equipped with the technical expertise of the laparoscopic instruments and effective operating skills to utilize the laparoscopic instruments to their maximum potential. However, this limitation could be overcome by conducting various training programmes and workshops. Apart from this, the expensive costs of laparoscopy surgery and laparoscopic instruments could hinder their growth in developing countries.
Owing to the presence of some leading global biotechnological and pharmaceutical companies in the USA, it can be anticipated that will provide new opportunities for growth for the global laparoscopic devices market. For instance, Xencor, an American medical equipment manufacturing company, has launched a new laparoscopic instrument, Xenoscope. Apart from this, some other companies contributing to the USA laparoscopy devices market are Medtronic plc, Hayden Medical Inc., Microline Surgical Inc., and Karl Storz. In addition, the rapid adoption of the latest technological advancements by North American hospitals and clinics will contribute to the expansion of the North American laparoscopic devices market.
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