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Laparoscopic Devices Market to grow by USD 4.39 billion from 2022-2027, North America to account for 36% of market growth – Technavio


NEW YORK, Sept. 24, 2023 /PRNewswire/ — The laparoscopic devices market size is expected to grow by USD 4.39 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 8.11% during the forecast period, according to Technavio Research. The market is segmented by Product (Instrument, accessories, and Laparoscopes), End-user (Hospitals, Clinics, and Ambulatory surgical centers), and Geography (North America, Europe, Asia, and Rest of World (ROW)). North America will contribute 36% to the growth of the global market during the forecast period. The regional market growth can be attributed to factors such as the high prevalence of liver cancer, obesity, substantial healthcare expenditure, and the swift adoption of advanced technologies. Data from a 2019 investor presentation by Boston Scientific revealed that around 850,000 individuals in the US are diagnosed with liver cancer annually. This indicates a significant patient pool and opportunities for market expansion. Similarly, allocated substantial resources to R&D, with an expenditure of approximately USD 1,143 million in 2020. Hence, such factors fuel the growth of the laparoscopic devices market in North America during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read a PDF Sample Report


Technavio has announced its latest market research report titled Global Laparoscopic Devices Market 2023-2027


Company Profile:

avateramedical GmbH, B.Braun SE, Becton Dickinson and Co., CMR Surgical Ltd., Conmed Corp., Cook Group Inc., FlexDex Inc., HOYA Corp., Intuitive Surgical Inc., Johnson and Johnson, KARL STORZ SE and Co. KG, Medtronic Plc, Olympus Corp., Peters Surgical, Richard Wolf GmbH, Smith and Nephew plc, Stryker Corp., Teleflex Inc., The Cooper Companies Inc., Titan Medical Inc.

B.Braun SE – The company offers laparoscopic devices such as EinsteinVision, and Caiman.

•    To gain access to more vendor profiles available with Technavio, buy the report!

Laparoscopic Devices Market: Segmentation Analysis

By Segment – The instrument segment will be significant during the forecast period. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

“Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021”- Technavio

Laparoscopic Devices Market: Driver & Trend:

Driver

  • Increasing popularity of MI techniques
  • High growth potential in emerging economies
  • Growing geriatric population

The growing geriatric population drives the laparoscopic devices market growth. The global market is propelled by the active engagement of key players like Medtronic, Olympus, Boston Scientific, Johnson and Johnson, Stryker, and B. Braun Melsungen in emerging economies. Such players strategically increase their investments in research and development while expanding their presence in these regions. Countries such as China, Indonesia, India, Brazil, and Mexico are poised for above-average growth, as highlighted by the company, which prompted B. Braun Melsungen to invest significantly in research and development activities, with the aim of capitalizing on growth opportunities in these emerging economies. Hence, such factors fuel the growth of the laparoscopic devices market during the forecast period.

Strategic alliances among market vendors are a key trend in the laparoscopic devices market. Identify key trends, drivers, and challenges in the market. Download a sample report to gain access to this information.

FAQS

  • How do the major trends impact the market?
  • How big is the North America market?
  • How do the key drivers and challenges impact the market?

Related Reports:

The laparoscopic ablation market size is expected to increase to USD 1.14 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.58%. The market is segmented by application, technique, and geography. The increasing prevalence of chronic diseases is notably driving the laparoscopic ablation market growth.

The global endoscopy devices market size is estimated to grow by USD 14,039.24 million at a CAGR of 7.36% between 2022 and 2027. Technavio has segmented the market into Application, Product, and Geography. Growing demand for video endoscopy systems is driving the growth of the market. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com

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