Global Laparoscopic Instruments Industry Is Anticipated To Create A Value Opportunity Of Around US$ 39.8 Billion By 2031 | Intuitive Surgical, Inc., Olympus Corporation, Medtronic PLC

The laparoscopic instruments market was valued at USD 12.5 billion in 2021 and it is anticipated to grow further till USD 39.8 billion by 2031, at a CAGR of 12.3% during the forecast period.

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The front of a laparoscope has a high-resolution camera and a long, narrow tube with a high-intensity light. As it passes through the abdomen, the camera feeds images to the monitor. Endometriosis, ectopic pregnancies, pelvic inflammatory disease (PID), cysts, and fibroids are all treated and diagnosed via laparoscopy. Devices for laparoscopy are frequently employed in both diagnostic and therapeutic treatments for a variety of ailments, including prostatectomy, pancreatic cancer, and digestive issues. The use of these tools during surgical procedures helps to maintain hemostasis and ensures little bleeding.

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Market Trends and Drivers

In terms of pre- and post-operative care, as well as the length of hospital stays, laparoscopic operations are less intrusive and cost less money. These procedures lead to less blood loss, fewer postoperative issues, and quicker patient recoveries. Additionally, health insurance companies in several nations are increasingly providing coverage for less invasive procedures. These elements have caused patients to favour minimally invasive operations more frequently. Globally, some 15 million laparoscopic procedures are carried out each year, and the number is expected to rise sharply in the future years. A significant portion (roughly 40-45%) of surgical procedures are performed laparoscopically, including laparoscopic hysterectomy, laparoscopic hysterectomy repair, laparoscopic colectomy, laparoscopic appendectomy, laparoscopic cholecystectomy, and laparoscopic bariatric surgeries.

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Global Laparoscopic Instruments Market Segmentation

By Product Type

Medical Laparoscopic Robots
Laparoscopes
Energy Devices
Closure Devices
Hand Instruments
Access Devices
Accessories
Insufflators
Suction/Irrigation Pumps

By Application

General Surgery
Gynecological Surgery
Colorectal Surgery
Bariatric Surgery
Urological Surgery
Pediatric Surgery

By End User

Hospitals
Ambulatory Surgical Centers

Major Players in the Global Laparoscopic Instruments Market

The key players in the global laparoscopic instruments market are Intuitive Surgical, Inc. (US), Stryker Corporation (US), Olympus Corporation (Japan), Karl Storz GmbH & CO. KG (Germany), Medtronic PLC (Ireland), Microline Surgical, Inc. (US), B. Braun Melsungen AG (Germany), SCHÖLLY Fiberoptic GmbH (Germany), Optomic (Spain), Victor Medical Instruments Co., Ltd (China), Peters Surgical (France), EndoMed Systems GmbH (Germany), Becton, Dickinson and Company (US), Mindray Medical International Limited (China), and CONMED Corporation (US) among others.

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