Rising Popularity of Minimally Invasive Surgery Over Open Surgery Drives the Market
Laparoscopic surgery is becoming more popular in recent years due to its numerous advantages, including shorter hospital stays, minimal blood loss and lower patient morbidity, as well as offering quick recovery time, low risk of infection, rapid and successful outcomes, small or no incision and less pain. Due to the increasing popularity of laparoscopic surgery is rising, the demand for laparoscopic devices is expected to rise during the forecast period. The increasing number of patients suffering from health conditions including as uterine fibroids and endometriosis, the rising number of myomectomy and hysterectomy surgeries and increasing awareness about the improved healthcare infrastructure in emerging economies are the factors driving market expansion.
In addition, the number of bariatric surgery procedures have grown globally in the last few years as a result of rising demand for obesity treatment. According to the International Obesity Federation's the 2024 Atlas reveals that economic development factors are driving obesity trends, with 78% of global deaths linked to high BMI occurring in LMICs. This contrasts sharply with 22% in high-income nations, and similarly, LMICs account for 80% of Disability-Adjusted Life Years lost due to high BMI. This will increase the demand of bariatric surgery. The Cleveland Clinic claims approximately 13 million laparoscopic surgeries are performed globally each year, with this figure expected to rise dramatically in the future years. Additionally, health insurance providers in several countries cover minimally invasive laparoscopic surgeries. For instance, according to the Medicare Benefits Schedule, Medicare currently pays up to 75% of laparoscopic surgeries. As a result of these considerations, patients' preference for minimally invasive surgeries have increased.
In addition, the number of bariatric surgery procedures have grown globally in the last few years as a result of rising demand for obesity treatment. According to the International Obesity Federation's the 2024 Atlas reveals that economic development factors are driving obesity trends, with 78% of global deaths linked to high BMI occurring in LMICs. This contrasts sharply with 22% in high-income nations, and similarly, LMICs account for 80% of Disability-Adjusted Life Years lost due to high BMI. This will increase the demand of bariatric surgery. The Cleveland Clinic claims approximately 13 million laparoscopic surgeries are performed globally each year, with this figure expected to rise dramatically in the future years. Additionally, health insurance providers in several countries cover minimally invasive laparoscopic surgeries. For instance, according to the Medicare Benefits Schedule, Medicare currently pays up to 75% of laparoscopic surgeries. As a result of these considerations, patients' preference for minimally invasive surgeries have increased.
Increasing Prevalence of Chronic Diseases, Along with the Growth of Direct Energy System Devices, Fuels Market Revenue Growth
The increasing prevalence of chronic diseases is increasing the demand for more effective treatment methods. As a result, the patient population for chronic diseases is estimated to raise the number of procedures conducted, contributing in the expansion of disposable laparoscopic equipment. As per the American Heart Association, the 2024 update reveals trends in cardiovascular health, with nearly 48.6% of Americans affected by various forms of cardiovascular disease, including high blood pressure. Especially, 46.7% of United States adults suffer from hypertension, with 38% unaware of their condition, leading to a significant rise in both death rates and mortality numbers over the past decade.
Furthermore, nations' supporting government laws and regulations are encouraging the growth of the laparoscopic device market. Laparoscopic device applications are growing as a result of a significant growth in global geriatric populations and the expansion of energy systems, which increases their affordability and availability. Laparoscopic devices with energy systems are projected to find lucrative uses in a variety of bariatric surgeries, including sleeve gastrectomy, gastric bypass, adjustable gastric band, & biliopancreatic diversion with duodenal switch. In addition, one of the most common treatments for obesity is bariatric surgery, also known as weight loss surgery. According to the National Library of Medicine, there has been an increase in the number of bariatric surgeries performed in the Middle East to address obesity and metabolic diseases. As a result, bariatric surgery treatments are gaining acceptance as a treatment for extreme obesity in the Middle East and North Africa, which is likely to favourably affect market growth.
Furthermore, nations' supporting government laws and regulations are encouraging the growth of the laparoscopic device market. Laparoscopic device applications are growing as a result of a significant growth in global geriatric populations and the expansion of energy systems, which increases their affordability and availability. Laparoscopic devices with energy systems are projected to find lucrative uses in a variety of bariatric surgeries, including sleeve gastrectomy, gastric bypass, adjustable gastric band, & biliopancreatic diversion with duodenal switch. In addition, one of the most common treatments for obesity is bariatric surgery, also known as weight loss surgery. According to the National Library of Medicine, there has been an increase in the number of bariatric surgeries performed in the Middle East to address obesity and metabolic diseases. As a result, bariatric surgery treatments are gaining acceptance as a treatment for extreme obesity in the Middle East and North Africa, which is likely to favourably affect market growth.
Recent Trends in the Laparoscopic Devices Industry:
- The use of HD and 4K cameras in laparoscopy enhances image clarity, boosting surgical precision.
- Robotic-assisted laparoscopic systems, like the da Vinci Surgical System, offer enhanced precision, control, and reduced strain.
- The shift towards smaller laparoscopic instruments is reducing invasiveness, accelerating recovery, and minimizing pain.
- Single-port laparoscopic surgery, utilizing one incision, minimizes scarring, pain, and recovery time.
- New energy devices, like advanced bipolar and ultrasonic tools, enhance tissue precision and minimize damage.
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Lack of High-Quality Data Limits Adoption of Robot-Assisted Laparoscopy, Limiting Industry Growth
Surgical robots are being developed to solve the problems associated with conventional laparoscopic surgeries. Da Vinci robots, which have been approved by the FDA (Food and Drug Administration), are becoming more common in gynecologic surgery. However, the market for laparoscopic devices is being limited by the need for advanced training and a lack of high-quality data that prevent the rapid adoption of robot-assisted laparoscopy. Due to a shortage of skilled surgeons, the demand of laparoscopic devices is limited. According to the National Library of Medicine, more than half of all laparoscopic injuries occur during the first entrance procedures, which include inserting the Veress needle or blind entry, creating a pneumoperitoneum and inserting the primary trocar. Several problems can arise after trocar placement if it is not handled correctly, including as abdominal wall hematoma, major bowel penetration, blood vessel penetration, and umbilical wound infection. Furthermore, the patient preference for open surgery in low and middle-income regions due to its expense compared to laparoscopic surgery is restricting the number of laparoscopic surgeries.
Next-Gen Hernia Fixation and Advanced Laparoscopic Solutions Redefine Minimally Invasive Surgery
Major industry leaders utilize strategies that focus on launching new products, merging with competitors, and purchasing companies to grow their customer base and enhance their range of products. In March 2024, TELA Bio, Inc. introduced its new LIQUIFIX FIX8 and LIQUIFIX Precision hernia mesh fixation devices in the U.S. market. These innovative devices are FDA-approved and utilize liquid anchors instead of traditional mechanical methods, such as tacks or sutures. Designed for minimally invasive and open hernia repairs, LIQUIFIX products aim to enhance precision and reduce complications by avoiding direct tissue penetration. With over 1.2 million hernia procedures annually in the United States, these advancements promise to refine surgical practices and minimize risks associated with traditional fixation methods.
Furthermore, in July 2023, the Genesis MedTech has achieved a significant milestone with the approval of ArtiSential, a cutting-edge laparoscopic device, by China's National Medical Products Administration (NMPA). This innovative tool, developed by Korea’s LivsMed and distributed by Genesis MedTech in China since their 2021 agreement, features a unique double-joint end-effector that offers 360 degrees of movement. With tactile feedback and customizable end-effectors, ArtiSential promises enhanced precision and versatility in minimally invasive surgeries. Already recognized globally, this device marks a notable advancement for surgical technology in China.
Furthermore, in July 2023, the Genesis MedTech has achieved a significant milestone with the approval of ArtiSential, a cutting-edge laparoscopic device, by China's National Medical Products Administration (NMPA). This innovative tool, developed by Korea’s LivsMed and distributed by Genesis MedTech in China since their 2021 agreement, features a unique double-joint end-effector that offers 360 degrees of movement. With tactile feedback and customizable end-effectors, ArtiSential promises enhanced precision and versatility in minimally invasive surgeries. Already recognized globally, this device marks a notable advancement for surgical technology in China.
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North America Has Lucrative Market Opportunities for Manufacturers in The Laparoscopic Market
North America is expected to dominate the global market for laparoscopic devices. The rising prevalence of obesity, various chronic conditions and the increasing use of minimally invasive surgeries are all factors contributing to the region's rapid growth. According to the Centers for Disease Control and Prevention, six out of ten individuals in the United States have at least one chronic condition, and four out of ten individuals have two or more chronic diseases. Consequently, the country's high prevalence of chronic diseases promotes demand for minimally invasive surgeries, propelling the laparoscopy devices market. Additionally, developments in various surgical devices by established United States players are expected to boost market expansion in North America.
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The report provides a detailed overview of the laparoscopic devices market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for laparoscopic devices market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the laparoscopic devices market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the laparoscopic devices market. Some key country and region included in the laparoscopic devices market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Ireland, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Israel, Iran, Kenya, Nigeria, Rest of MEA |
Laparoscopic Devices Market Research Report Covers In-depth Analysis on:
- Laparoscopic devices market detailed segments and segment-wise market breakdown
- Laparoscopic devices market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in laparoscopic devices industry)
- Current, historical and forthcoming 10 years market valuation in terms of laparoscopic devices market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Laparoscopic devices market demand analysis
- Laparoscopic devices market pricing analysis over forecast period (by key segment and by region)
- Laparoscopic devices market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in laparoscopic devices market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in laparoscopic devices market
- Laparoscopic devices market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on laparoscopic devices market forecast by countries
- Mergers and acquisitions in laparoscopic devices market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What factors are driving the growth of the laparoscopic devices market?
Growth is primarily driven by the rising prevalence of chronic diseases, increasing demand for minimally invasive surgeries and advancements in laparoscopic technology.
What are the key challenges facing the laparoscopic devices market?
Major challenges include high costs of advanced laparoscopic systems, stringent regulatory requirements and the need for skilled professionals to operate these devices.
What are the recent innovations in laparoscopic devices?
Innovations include enhanced robotic-assisted systems, advanced imaging technologies and improved ergonomic designs for better precision and user comfort during surgeries.
Which regions are experiencing the highest growth in the laparoscopic devices market?
North America and Europe are leading in market growth, driven by advanced healthcare infrastructure and high adoption rates of minimally invasive procedures.
