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Market Trends, Size, and Future Insights in Laparoscopic Gynecological Procedures Industry
Laparoscopic Gynecological Procedures Global Market Report 2024
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According to The Business Research Company's, The laparoscopic gynecological procedures market size has grown strongly in recent years. It will grow from $23.74 billion in 2023 to $25.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to the high prevalence of ovarian cysts, the changed regulatory landscape, the rise in healthcare expenditure, increased healthcare infrastructure, and the rise in the prevalence of colorectal cancer.
The laparoscopic gynecological procedures market size is expected to see strong growth in the next few years. It will grow to $34.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing gynecological disorders, increasing aging population, expansion of indications, and rising acceptance of minimally invasive operations. Major trends in the forecast period include technological advancements, advancements in endoscopes, minimally invasive techniques, the collaboration between gynecologists, and integration of artificial intelligence.
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Market Drivers and Trends:
The growing demand for personalized medicine is expected to propel the growth of the genomics personalized health market going forward. Personalized medicine, also known as precision medicine, is an approach to healthcare that tailors medical treatment and practices to the individual characteristics of each patient. The demand for personalized medicine is due to a shift toward preventive healthcare, improved treatment outcomes, patient empowerment and engagement, economic benefits, and rising incidence of chronic and complex diseases. Genomics personalized health significantly advances personalized medicine by leveraging individual genetic information to tailor medical care, from prevention and diagnosis to treatment and monitoring. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based non-profit organization, the Food and Drug Administration (FDA) approved 16 novel personalized therapies for patients with rare diseases in 2023, compared to six in 2022. Therefore, the growing demand for personalized medicine is driving the demand for genomics personalized health market.
Major companies operating in the laparoscopic gynecological procedures market are focusing on developing innovative technologies, such as cutting-edge laparoscopic imaging systems, to enhance surgical precision, visualization, and patient outcomes. Cutting-edge laparoscopic imaging systems are advanced technologies and equipment used to visualize the surgical field during laparoscopic procedures with exceptional clarity, precision, and detail. For instance, in May 2023, B. Braun, a Germany-based medical technology company, launched its latest laparoscopic imaging system, the AESCULAP EinsteinVision 3.0 FI, to provide minimally invasive surgery procedures. This advanced system features 3D fluorescence imaging (FI) technology, enabling real-time imaging through three different FI overlay modes. It is designed for various minimally invasive surgery applications such as vessel or visceral perfusion assessment, visualization of bile duct anatomy, and (sentinel) lymph node mapping. The system includes a camera processor with integrated documentation, a high-resolution monitor screen, and a stereo endoscope that produces high visual quality, enhancing surgical outcomes and efficiency.
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Major Key Players of the Market:
Johnson & Johnson , Bayer HealthCare, Abbott Laboratories, Medtronic plc, Stryker Corporation, Boston Scientific, B. Braun Melsungen, Zimmer Biomet, Intuitive Surgical, Smith & Nephew, Hologic Inc., CooperSurgical, W. L. Gore & Associates, Teleflex Incorporated, Karl Storz GmbH, Cook Medical, ConMed Corporation, KLS Martin Group, Applied Medical, Aesculap Inc., Richard Wolf GmbH, Lumenis Ltd., ERBE Elektromedizin GmbH, DYSIS Medical, EndoGastric Solutions
Laparoscopic Gynecological Procedures Market 2024 Key Insights:
• The laparoscopic gynecological procedures market size is expected to see strong growth in the next few years. It will grow to $34.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Impact Of Increasing Prevalence On Laparoscopic Gynecological Procedure Market
• Innovative Laparoscopic Imaging Systems For Enhanced Surgical Precision And Outcomes
• North America was the largest region in the laparoscopic gynecological procedures market in 2023
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