The most recent study conducted by Report Ocean, titled “Global Laparoscopic Instruments Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Laparoscopic Instruments. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Laparoscopic Instruments Market is valued approximately USD 10.93 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.5 % over the forecast period 2020-2027. Laparoscopy is referred to as a type of surgery in which small incisions are made in the body, such as abdominal wall through which a laparoscope as well as other instruments can be placed to allow structures within the internal body cavity to be seen. Increasing technological advancements, rising prevalence of chronic diseases, and the growing demand for minimally-invasive surgery in Laparoscopic market.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The American Association of Gynecologic Laparoscopists (AAGL) and the International Society of Gynecologic Endoscopy (ISGE) have been collaborating with healthcare agencies in South Africa, to create awareness about the benefits of MIS, and improve the adoption rate. However, US government planned to reduce Medicare spending by USD 716 billion over the next ten years and affect the sales of their technologically advanced for medical device manufacturers to secure investments of new products which impedes the growth of the market over the forecast period of 2021-2027.
Also, rapid growth of the healthcare industry in emerging markets such as Brazil, Russia, India, China, and South Africa (BRICS) is likely to increase the market growth during the forecast period.
The regional analysis of global Laparoscopic Instruments Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growth in the geriatric and chronically ill population, increasing number of minimally invasive surgeries, and technological advancements.. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as low regulatory barriers for trade, improving healthcare infrastructure, growth in patient population, growing healthcare expenditure, strengthening distribution networks of market leaders, and the rising medical tourism in these countries would create lucrative growth prospects for the Laparoscopic Instruments Market across Asia-Pacific region.
Major market player included in this report are:
Intuitive Surgical (US)
Stryker Corporation
Olympus Corporation (Japan)
Karl Storz GmbH & CO. KG (Germany)
Medtronic PLC (Ireland)
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Microline Surgical, Inc. (US)
B. Braun Melsungen AG (Germany)
SCHoLLY Fiberoptic GmbH (Germany)
Optomic (Spain)
Peters Surgical (France)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Laparoscope
Insufflator
Suction/Irrigation systems,
Access & Energy Devices
By Application:
Gynecology
General Surgery
Urology
Colorectal
Bariatric
Pediatric
By End User:
Hospital
ASC
By Region:
North America
U.S.
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Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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