Laparoscopic Devices Industry Toward a Projected US$ 18.4 Billion Milestone by 2029-FMI Report

The laparoscopic devices industry stands as a testament to medical innovation, reshaping the way surgeries are conducted and experienced. Laparoscopic procedures, often referred to as minimally invasive surgeries, involve the use of small incisions and specialized instruments equipped with cameras and lights. This approach contrasts with traditional open surgeries, offering patients reduced pain, quicker recovery, and improved cosmetic outcomes. The market for laparoscopic devices has revolutionized surgical practices across diverse medical disciplines, from general surgery to gynecology and beyond.

The hallmark of laparoscopic procedures lies in their minimally invasive nature. Instead of large incisions, surgeons make small openings through which they insert slender instruments and a tiny camera. This approach reduces trauma to surrounding tissues, leading to less postoperative pain, reduced scarring, and faster healing. Patients benefit from shorter hospital stays and quicker return to their daily activities, marking a significant improvement in their overall surgical experience.

Get a Sample Copy of the Report :
https://www.futuremarketinsights.com/reports/sample/rep-gb-497

The global Laparoscopic devices market is expected to grow at a 5.8% CAGR from US$ 12.3 billion in 2022 to US$ 18.4 billion by 2029.

The laparoscopic devices market is projected to experience significant growth during the next decade. On the back of rapid growth in demand for minimally invasive surgery and expanding application potential in colorectal and bariatric surgical procedures.

Increasing FDI influx in developing regions coupled with marketing and promotional activities are expected to boost the laparoscopic devices market over the following years, says the report.

Key Takeaways :

Steady demand growth is observed for bariatric surgery, in line with the expanding obese population coupled with wide-scale adoption rate of minimally invasive techniques. Sales of laparoscopic devices for bariatric surgery will surpassing that for colorectal surgery towards the end of projection period.

Sales of laparoscopic devices will be higher in North American countries. The availability of skilled surgeons and several advantages of minimally invasive surgery over open surgery are few factors driving the market of laparoscopy devices.

The key players in the laparoscopic devices market are focusing on technologically advanced surgical systems with improved dexterity, ergonomics, and visual enhancements that provide advantages to surgeons and minimize the risk for patients while undergoing laparoscopic procedures.

Increasing consumer base along with modern amenities in the healthcare sector is expected to drive sales of laparoscopic devices in developing regions.

Unlock exclusive insights with our expert analysts:
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-497

Rising private and foreign investments in the laparoscopic devices market and adoption of subscription commerce marketing model by market players are anticipated to shape the overall laparoscopic devices market.

Adoption of Subscription Commerce Marketing Model :

Companies are adopting various marketing model schemes such as subscription commerce to boost the sale of laparoscopic devices. Under this scheme, companies provide medical devices such as laparoscopy devices on pay-per-use basis. Thus, various end use segments can have access to these devices which might otherwise be prohibitively expensive, which in turn is helping manufacturers to expand their market share for laparoscopic devices, globally.

Due to intense competition, manufacturers of laparoscopic devices use innovative pricing strategies to remain at the forefront. Expanding access of laparoscopic devices by educating healthcare professionals through various conferences and training is enabling companies manufacturing these devices to enhance the adoption and equipping healthcare facilities with the necessary tools to provide optimal care to patients.

Key Companies Profiled :

Olympus Corporation

Braun Melsungen AG

Intuitive Surgical Inc.

Medtronic plc.

Stryker Corporation

Smith & Nephew Plc

CareFusion Corporation

Ethicon US, LLC

KARL STORZ GmbH & Co. KG

Richard Wolf GmbH

Endocontrol SA

Tekno-Medical Optik Surgery GmbH

Unlock Tailored Insights: Customize Your Report for Maximum Impact :
https://www.futuremarketinsights.com/customization-available/rep-gb-497

Key Segments :

By Product:

• Direct Energy System Devices
• Trocars/Access Device
• Internal Closure Devices
• Laparoscopes
• Hand Access Instruments
• Insufflation Devices
• Robotic Assisted Surgical System

By Therapeutic Application:

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

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Clinics

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube