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Cholecystectomy Devices Market Share, Size, Demand, Key Players by Forecast 2032

04-11-2023 10:19 AM CET | Health & Medicine

Press release from: Analytics Market Research

Cholecystectomy Devices  Market

Cholecystectomy Devices Market

The global cholecystectomy devices market size is expected to reach USD 85.98 million by 2030, registering a CAGR of 6.85% in the forecast period, ...

The cholecystectomy devices market refers to the global market for medical devices used in the surgical removal of the gallbladder, a procedure known as cholecystectomy. Cholecystectomy devices include a range of instruments and equipment used during the procedure, such as laparoscopes, trocars, clips, graspers, and suction and irrigation devices.

The global cholecystectomy devices market is driven by factors such as the increasing prevalence of gallbladder diseases, advancements in minimally invasive surgical techniques, and the growing demand for surgical instruments and equipment. The market is also fueled by rising healthcare expenditure and an aging population, which are increasing the demand for surgical procedures.

According to a report by Grand View Research, the global cholecystectomy devices market was valued at USD 1.4 billion in 2020 and is expected to reach USD 2.4 billion by 2028, growing at a CAGR of 6.8% from 2021 to 2028. North America dominated the market in 2020, followed by Europe and the Asia Pacific.

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Key players in the cholecystectomy devices market include Medtronic plc, Olympus Corporation, B. Braun Melsungen AG, Stryker Corporation, Ethicon, Inc., Karl Storz GmbH & Co. KG, Cook Medical LLC, Richard Wolf GmbH, Grena Ltd., and Applied Medical Resources Corporation.

Industry Overview
Cholecystectomy devices are surgical instruments and devices used in the surgical procedure known as cholecystectomy, which is the removal of the gallbladder. The gallbladder is a small organ located beneath the liver, which stores bile produced by the liver and releases it into the small intestine to aid in digestion. Cholecystectomy may be performed as an open surgery, which involves making a large incision in the abdomen, or as a minimally invasive procedure using laparoscopic surgery. Laparoscopic cholecystectomy involves making several small incisions in the abdomen, through which a laparoscope and other surgical instruments are inserted to remove the gallbladder.

Market Dynamics
The cholecystectomy devices market is driven by several factors, including:
Increasing prevalence of gallbladder diseases: The rising incidence of gallbladder diseases such as cholecystitis, cholelithiasis, and gallstones is driving the demand for cholecystectomy procedures, which in turn is fueling the growth of the cholecystectomy devices market.

Advancements in laparoscopic surgery: Laparoscopic cholecystectomy has become the preferred surgical approach for gallbladder removal due to its benefits such as reduced postoperative pain, shorter hospital stays, and faster recovery times. Advancements in laparoscopic surgery techniques and devices are driving the adoption of this approach, which is boosting the demand for cholecystectomy devices.

Increasing demand for minimally invasive surgery: Minimally invasive surgical procedures are gaining popularity due to their benefits such as smaller incisions, reduced postoperative pain, and faster recovery times. The increasing demand for minimally invasive surgery is driving the growth of the cholecystectomy devices market.

Market Segmentation

Market Segmentation
The cholecystectomy devices market can be segmented based on product type, surgery type, end-user, and geography:
By Product Type:
a. Trocars
b. Endoscopes
c. Clip Appliers
d. Staplers
e. Others

By Surgery Type:
a. Laparoscopic Cholecystectomy
b. Open Cholecystectomy

By End-User:
a. Hospitals
b. Ambulatory Surgical Centers
c. Specialty Clinics
d. Others

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By Geography:
a. North America (U.S., Canada)
b. Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
c. Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
d. Latin America (Brazil, Mexico, Rest of Latin America)
e. Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)

Segmentation by product type is based on the type of devices used in cholecystectomy procedures, such as trocars, endoscopes, clip appliers, staplers, and others. Segmentation by surgery type is based on the type of cholecystectomy procedure, such as laparoscopic cholecystectomy or open cholecystectomy. Segmentation by end-user is based on the type of healthcare facility where the procedure is performed, such as hospitals, ambulatory surgical centers, specialty clinics, and others. Segmentation by geography is based on the regional market analysis of the cholecystectomy devices market.

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About Us

Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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