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Laparoscopy devices market size to surpass USD 10.04B by 2028

According to the report published by Vantage Market Research, the global Laparoscopy Devices Market was estimated at $ 6.72 Billion in 2021 and is expected to hit $ 10.04 Billion by 2028, registering a CAGR of 6.90% from 2022 to 2028. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Additionally, technological advancements in the field of laparoscopy, growing healthcare expenditure in emerging economies, in addition to the increasing investment in Research and Development (R&D) from governments across the globe are further propelling the market growth.”Market Dynamics:

Drivers:
Increasing adoption of minimally invasive surgeries over open surgeries

Since the past few years, Minimally Invasive Surgeries (MIS) treatment has been trending. The rapid pace of industrialization and growing demand from the medical sector is driving the market growth over the forecast period. Additionally, advancement in technology, and the adoption of robot operating systems by healthcare professionals is increasing, ultimately, propelling the market growth. For instance, in 2021, Olympus Corporation (Japan) launched the SIF-H190 single-balloon enteroscopy solution to reach deep into the small intestine. Also, the demand for new technology is increasing along with government initiatives. Thus, the government as well as several key players are investing their money heavily in the Research and Development (R&D) sector, which is likely to propel market growth. However, factors such as poor reimbursement policies and lack of skilled professionals are likely to play a role in restraining the growth of the market.

Top players in the global laparoscopy devices market

  • 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.

Segmentation of the global laparoscopy devices market:

  • Product
    • Laparoscopes
    • Energy Systems
    • Trocars
    • Closure Devices
    • Suction/ Irrigation Device Insufflation Device
    • Robot Assisted Systems
    • Hand Access Instruments
  • Application
    • Bariatric Surgery
    • Urological Surgery
    • Gynecological Surgery
    • General Surgery
    • Colorectal Surgery
    • Other Surgeries
  • End User
    • Hospital
    • Clinic
    • Ambulatory
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Vantage Market Research

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