Press release
Rising Prevalence Of Chronic Diseases Propels Laparoscopy Devices Market: A Key Factor Shaping the Future of the Laparoscopy Devices Market in 2025
"What combination of drivers is leading to accelerated growth in the laparoscopy devices market?The surge of chronic diseases is set to stimulate the expansion of the laparoscopy devices market. Chronic ailments are characterized as issues that persist for over a year and require consistent medical treatment, limiting daily activities, or both. Conditions such as heart disease, cancer, obesity, and diabetes are typical examples. Laparoscopy can offer a firm diagnosis and therapeutic intervention to those suffering from unexplained chronic abdominal pain. Moreover, studies have proven that these devices employ minimal-access surgical techniques. For example, a report by the American College of Cardiology, a US nonprofit medical organization, predicts that in the United States, all four major cardiovascular risk factors will surge from 2025 to 2060. There is an anticipated significant rise in diabetes by 39.3% to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Simultaneously, worrying escalation is predicted in the rates of cardiovascular diseases including stroke (33.8% to 15 million), heart failure (33.4% to 13 million), ischemic heart disease (30.7% to 29 million), and heart attack (16.9% to 16 million). Consequently, the growing incidence of chronic diseases is influencing the traction of the laparoscopy devices market.
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What is the projected compound annual growth rate (CAGR) of the laparoscopy devices market from 2025 to 2034, and what factors influence it?
The scale of the laparoscopy devices market has seen substantial growth over the recent years. The market value is slated to escalate from $12.75 billion in 2024 to $13.6 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 6.6%. The commendable growth observed in the historical period can be credited to better surgeon training programs, improved safety and effectiveness, a shift in the direction of minimally invasive surgery, developments in energy-oriented devices, and the ability to tackle early adoption challenges.
Anticipated to experience a robust surge in the upcoming years, the market value of laparoscopy devices is projected to hit $18.43 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.9%. Factors such as the adaptation of a patient-focused approach, increased market accessibility in budding economies, investment in training and skill-building initiatives, and the incorporation of robotic-assisted systems contribute to this predicted growth within the forecast period. The period will also see significant industry trends such as the emphasis on device miniaturization, the increase of minimally invasive surgeries, burgeoning adoption rates in emerging markets, a concentrated effort on training and further education, and the implementation of robotics.
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How are the latest trends influencing the growth of the laparoscopy devices market?
Leading enterprises in the laparoscopy devices market are innovating advanced energy systems to boost surgical results and optimize procedural effectiveness. Advanced energy devices, boasting state-of-the-art technology and flexibility, are critical in laparoscopic surgeries. Olympus Corporation, a medical tech company based in Japan that caters to the detection, prevention, and treatment of diseases, released THUNDERBEATTM Open Fine Jaw Type X surgical energy devices for open surgery in September 2022. Crafted explicitly for open surgery, this device merges advanced energy provision with precise tissue manipulation. It permits efficient dissection and coagulation, improving surgical efficacy and reducing thermal spread. This device is exceptionally advantageous in laparoscopic surgeries, where accuracy and command are vital for triumphant results.
What are the major segments of the laparoscopy devices market and their role in driving growth?
The laparoscopy devices market covered in this report is segmented -
1) By Product: Laparoscopes, Energy Devices, Insufflators, Robot-Assisted Surgery Systems, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories, Other Products
2) By Application: General Surgery, Bariatric Surgery, Gynecological Surgery
3) By End User: Hospitals, Clinics, Other End Users
Subsegments:
1) By Laparoscopes: Standard Laparoscopes, High-Definition Laparoscopes, 3D Laparoscopes
2) By Energy Devices: Electrosurgical Devices, Laser Devices, Ultrasonic Devices
3) By Insufflators: Manual Insufflators, Automatic Insufflators
4) By Robot-Assisted Surgery Systems: Surgical Robots, Robot-Assisted Laparoscopic Systems
5) By Suction or Irrigation Systems: Suction Devices, Irrigation Pumps
6) By Closure Devices: Staplers, Suture Devices
7) By Hand Instruments: Graspers, Scissors, Needle Holders
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Which regions are key players in the growth of the laparoscopy devices market?
North America was the largest region in the laparoscopy devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laparoscopy devices market report during the forecast period. The regions covered in the laparoscopy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the laparoscopy devices market?
Major companies operating in the laparoscopy devices market include B. Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Ethicon Inc., Karl Storz SE & Co. KG, Medtronic PLC, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC, Stryker Corporation, Intuitive Surgical Inc., The Cooper Companies Inc., Microline Surgical Inc., Becton Dickinson and Company, Welfare Medical Ltd., Applied Medical Resources Corporation, Cooper Surgical Inc., Fujifilm Holdings Corporation, Grena Ltd., Henke-Sass Wolf GmbH, LaproSurge Ltd., Maxer Endoscopy GmbH, MedGyn Products Inc., EndoOptiks Inc., EndoChoice Inc., Endo-Technik W. Griesat GmbH, Endo-Flex GmbH, Endo-Therapeutics Inc., Smiths Group plc, LiNA Medical ApS
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What Is Covered In The Laparoscopy Devices Global Market Report?
• Market Size Forecast: Examine the laparoscopy devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the laparoscopy devices market for a structured understanding.
• Key Players Overview: Analyze major players in the laparoscopy devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the laparoscopy devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the laparoscopy devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the laparoscopy devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the laparoscopy devices market.
• Competitive Landscape: Review strategic developments in the laparoscopy devices market, including expansions, agreements, and new product launches.
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