Laparoscopic Devices Market Is Expected To Accelerate At A CAGR of 7.1% To Top US$ 7.3 Bn by 2032| Fact.MR

Global sales of Laparoscopic Devices in 2021 was held at US$ 7.3 Bn. With 7.1%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth. Energy Systems is expected to be the highest revenue generating product, while General Surgery is considered to be the highest revenue generating application with a CAGR of 8.5% and 7.3% respectively during 2022 - 2032.

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Laparoscopy is a surgical procedure that allows a surgeon or medical professional to see the inside of the abdomen and pelvis without making significant incisions in the skin. This procedure is commonly referred to as keyhole surgery or minimally invasive surgery. Global acceptance of laparoscopic equipment is expanding among healthcare practitioners all over the world.

Competitive Analysis

Product approvals, new product releases, acquisitions, collaborations, and innovations are all important methods used by leading market players to maintain their market position.
The key players operating in laparoscopic devices market have been investing in R&D to maintain their competitiveness. B. Braun Melsungen AG, Boston Scientific Corporation, ConMed Corporation, Johnson & Johnson, Karl Storz SE & CO. KG, Medtronic plc (Covidien), Olympus Corporation, Richard Wolf GmbH, Smith & Nephew plc, and Stryker Corporation are some of the key companies operating in laparoscopic devices market. Some of the recent developments of key laparoscopic device providers are as follows:

• In September 2021, Olympus Corporation released the POWERSEAL line of revolutionary bipolar surgical energy tools providing surgeons with cutting-edge sealing, dissection, and gripping capabilities in laparoscopic or open surgery while significantly lowering the force necessary to close the jaws.
• In April 2021, Genesis MedTech made a strategic alliance with LivsMed, a medical device company that develops new technologies for minimally invasive surgeries, for the expansion of the ArtiSential product line in China and Singapore.
• In June 2021, Intuitive India, a subsidiary of Intuitive Surgical, will deploy SureForm, the first robotic-assisted surgical stapler in India. It is aided by SmartFire technology, which is integrated software. This technique aided the company's geographic expansion.
• In 2021, Olympus Corporation marketed the SIF-H190 single-balloon enteroscopy technology to reach the small intestine deeply.
• In 2019, Intuitive Surgical, Inc. received clearance from the Federal Drug Administration for the da Vinci X Surgical System.
• In 2018, Stryker Corporation recently acquired K2M Group to expand its platform for orthopedic surgery. It also holds interests in additive manufacturing.
• In 2017, Ethicon acquired Megadyne Medical (US) to empower Ethicon's innovative energy products with Megadyne's robust portfolio of electrosurgical tools.

Some of the leading players include

• Medtronic
• Stryker Corporation
• Karl Storz SE & CO. Kg
• Johnson and Johnson
• Olympus Corporation
• CONMED Corporation
• B. Braun Melsungen AG
• The Cooper Companies Inc.
• Richard Wolf GmbH
• Microline Surgical
• BD
• Welfare Medical Ltd.
• DEAM
• Intuitive Surgical
• Shenzen Mindray Bio Medical Electronics Co., Ltd.

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Market Segmentation:

• By Product Type :
o Trocars
o Energy Systems
o Closure Devices
o Suction / Irrigation Devices
o Insufflation Devices
o Laparoscopes
o Hand Access Instruments
o Robot-assisted System

• By Application :
o Bariatric Surgery
o Colorectal Surgery
o General Surgery
o Gynaecological Surgery
o Urological Surgery
o Others

• By End-use :
o Hospitals
o Clinic
o Ambulatory

• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

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https://www.prnewswire.com/news-releases/laparoscopic-devices-market-to-grow-two-fold-surpassing-us-15-3-bn-by-2032--301524911.html

https://www.globenewswire.com/en/news-release/2022/03/21/2406343/0/en/Surgical-Sutures-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-6-5-Bn-by-2031-Exclusive-Report-By-Fact-MR.html

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