According to FutureWise analysis the market for Laparoscopic Devices in 2023 is US$ 7.82 billion, and is expected to reach US$ 13.96 billion by 2031 at a CAGR of 7.52%.
Laparoscopy is a procedure done in the abdomen or pelvic region utilizing small incisions, often less than 1.5 cm, with the help of a scope/camera, typically for surgeries on the gall bladder, colon, kidney, etc. The term "laparotomy" was originally used to describe any operation requiring cutting the abdomen open. With a laparotomy, the patient experiences a larger cut, more bleeding, pain, a longer healing period, a greater risk of infection, and overall, more suffering. Contrarily, laparoscopic surgery, or minimally invasive surgery (MIS), is a relatively recent method that only requires a small incision to insert and use the scope and surgical instruments. A laparoscope, essentially a hard endoscope, is used during laparoscopic surgery.
With the help of laparoscopy, a surgeon or other medical specialist can reach the abdomen and pelvis without making significant skin incisions. Keyhole surgery or minimally invasive surgery are common names for this procedure. Healthcare spending and innovation, device regulations, product licensure, and macro and industry factors significantly impact the growth of the laparoscopic devices market. Key elements contributing to the development of the market are improvements in laparoscopy for acute care surgery and trauma, quicker healing, less postoperative discomfort, and the development of single-incision laparoscopic surgical techniques.
FutureWise Market Research has published a report that provides an insightful analysis of laparoscopic devices market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the laparoscopic devices market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.
The market is expanding as a result of factors such as a rise in the number of patients with illnesses such as uterine fibroids and endometriosis, a rise in hysterectomy and myomectomy procedures, and growing public awareness of the developing healthcare infrastructure in emerging nations. Due to its many benefits, such as a shorter hospital stay, minimal blood loss, and decreased patient morbidity, laparoscopic surgery has recently grown in popularity relative to traditional surgeries. Additionally, it provides a speedy recovery, quick and effective results, reduced risk of infection, little or no incision, and less pain. Due to the fast increase in demand for laparoscopic surgery, there will likely be a rise in the demand for laparoscopic equipment throughout the forecast period. Moreover, the number of bariatric surgery treatments conducted internationally in recent years has increased due to the growing need for obesity treatment. Healthcare innovation, device regulations, product licensure, and macroeconomic and sectoral factors substantially influence the growth of the laparoscopic devices market. The advancement of single-incision laparoscopic surgical techniques, quicker healing times, reduced postoperative pain, and advancements in laparoscopy for trauma and acute care surgery are key drivers of market expansion. However, the commercialization of laparoscopic equipment is constrained due to a lack of skilled surgeons. Reports have shown that more than half of all laparoscopic injuries occur during the primary entrance procedures, which include inserting the primary trocar, carrying out a pneumoperitoneum, and inserting the Veress needle or "blind entry." If trocar implantation is not done correctly, some consequences, such as abdominal wall hematoma, significant intestinal penetration, blood vascular penetration, and umbilical wound infection, may occur. Hence the lack of professionals may impede market expansion.