According to research report the laparoscopic instruments market is projected to grow from USD 12.3 billion in 2021 to USD 22.1 billion by 2026, at a compound annual growth rate (CAGR) of 12.5%. This robust growth is driven by several factors, including the increasing adoption of minimally invasive surgeries, the rising prevalence of colorectal cancer, a growing number of laparoscopic bariatric procedures, and continuous technological advancements in laparoscopy.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130019497

Key Market Drivers

Increasing Adoption of Minimally Invasive Surgeries

Minimally invasive surgeries offer numerous benefits over traditional open surgeries, such as reduced recovery time, lower risk of complications, and less postoperative pain. This has led to a growing preference for laparoscopic procedures among both patients and healthcare providers, driving the demand for advanced laparoscopic instruments.

Rising Prevalence of Colorectal Cancer

The increasing incidence of colorectal cancer globally has heightened the need for effective surgical treatments. Laparoscopic procedures are commonly used in the treatment of colorectal cancer due to their precision and minimally invasive nature, contributing significantly to market growth.

Growing Number of Laparoscopic Bariatric Procedures

The surge in obesity and related disorders, such as diabetes, stroke, and sleep apnea, has led to an increased demand for bariatric surgeries. Laparoscopic techniques are widely used in bariatric procedures, further fueling market expansion.

Technological Advancements in Laparoscopy

Advancements in laparoscopic technologies, including the development of sophisticated surgical robots and enhanced imaging systems, have revolutionized the field. These innovations improve surgical outcomes and increase the efficiency of laparoscopic procedures, driving market growth.

Market Opportunities and Challenges

Emerging Markets

Rapidly developing healthcare markets in emerging economies offer significant growth opportunities for market players. Countries in Asia, Latin America, and the Middle East are investing heavily in healthcare infrastructure and are adopting advanced medical technologies, including laparoscopic instruments.

Enhancements in Equipment Capabilities

Continuous improvements in laparoscopic instruments, such as better energy devices, insufflators, and suction/irrigation systems, are enhancing the capabilities of surgeons and improving patient outcomes, thereby boosting market growth.

Restraints and Challenges

However, the market faces certain challenges, including reduced Medicare payments to healthcare providers in the US and a shortage of trained professionals in laparoscopy. Additionally, product recalls and infrastructural gaps for laparoscopic procedures pose significant hurdles to market growth.

Leading Market Players

In 2020, Intuitive Surgical (US) held the leading position in the laparoscopic instruments market. The company is a pioneer in surgical robots and has established a strong brand presence with products such as the da Vinci X Surgical System. FDA approvals and continuous advancements in robotic systems have solidified its market leadership.

Market Segmentation

By Product

The laparoscopic instruments market is segmented into:

  • Medical Laparoscopic Robots
  • Energy Devices
  • Insufflators
  • Suction/Irrigation Systems
  • Laparoscopes
  • Hand Instruments
  • Closure Devices
  • Access Devices
  • Accessories

Medical laparoscopic robots hold the largest share of the market, driven by the increasing adoption of robot-assisted laparoscopic procedures and technological advancements.

By Application

The market is segmented by application into:

  • General Surgery
  • Gynecological Surgery
  • Colorectal Surgery
  • Bariatric Surgery
  • Urological Surgery
  • Pediatric Surgery

The bariatric surgery segment is expected to grow at the highest rate during the forecast period, driven by the high prevalence of obesity and related disorders.

Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=130019497

Regional Analysis

North America accounted for the largest share of the global laparoscopic instruments market in 2020, with the US being the dominant market. Factors contributing to this large share include a growing geriatric population, an increasing number of minimally invasive surgeries, and technological advancements.

Related News & Articles:

https://www.prnewswire.com/news-releases/laparoscopic-instruments-market-worth-22-1-billion-by-2026--exclusive-report-by-marketsandmarkets-301270529.html

https://www.linkedin.com/pulse/laparoscopic-instruments-market-size-trends-opportunities-mayuri-l--udzef/

https://www.linkedin.com/pulse/laparoscopic-instruments-market-size-share-opportunities-npvaf


Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Comments (0)
No login
Login or register to post your comment