Laparoscopes Market Size by Segments, Share, Regulatory, Reimbursement, Procedures, Installed Base and Forecast to 2033
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Laparoscopes Market Report Overview
The laparoscopes market size was $952.5 million in 2023. The laparoscopes market is driven by a wide variety of factors including an aging population that requires surgical procedures such as cholecystectomy, colectomy, hernia repair, and appendectomy; and female sterilization. The aforementioned factors will drive the market growth at a CAGR of more than 6% from 2023 to 2033.
Laparoscopy is a minimally invasive surgical technique performed by making keyhole incisions to reach tissues of interest. Targeted tissues include the bile duct, colon, liver, pancreas, and many others.
Laparoscopes Market Outlook 2023-2033 ($ Million)
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The Laparoscopes market research report identifies quantitative market trends within endoscopy device therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the Laparoscopes market for 2020 and beyond. Furthermore, the report provides a laparoscope market share of companies that will help in identifying untapped market opportunities.
Market Size (2023) | $952.5 million |
CAGR (2023-2033) | >6% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Laparoscopes Market Segments
The key segments in the Laparoscopes market are rigid tip non-video laparoscopes and video laparoscopes. In 2023, video laparoscopes was the leading segment of the Laparoscopes market. The segment is further divided into flexible-tip video laparoscopes and rigid-tip video laparoscopes.
Flexible video laparoscopes are a technological advancement compared to rigid-tip laparoscopes. The flexible tip circumvents issues of in-line viewing and allows for reduced operating times. Furthermore, the device requires fewer replacement parts. However, flexible video laparoscopes are more expensive than rigid-tip laparoscopes.
Laparoscopes Market Analysis by Segments, 2023 (%)
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Regional Analysis of Laparoscopes Market
The key regions in the Laparoscopes market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. In 2023, the Asia Pacific Laparoscopes market was the leading regional segment.
The region will retain its market dominance during the projected period. Rigid-tip video laparoscopes make up the largest device segment by value, followed by flexible video laparoscopes. Within the APAC region, Japan has the largest market for laparoscopes, followed by China and India.
APAC is one of the fastest-growing regions and has an increasing trend of government-driven price management and reimbursement controls (particularly in China and Japan). Therefore, the medical device market in this region is expected to grow dramatically with the increasing financial freedom in terms of healthcare.
Laparoscopes Market Analysis by Regions, 2023 (%)
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Laparoscopes Market – Competitive Landscape
In 2023, Olympus Corp Laparoscopes’ market share was the highest
The major players in the Laparoscopes market are:
- Olympus Corp
- Stryker Corp
- KARL STORZ SE & Co KG
- Smith & Nephew Plc
- B. Braun Holding GmbH & Co KG
The Laparoscopes market faces fierce competition between Olympus Corp, Stryker Corp, Smith & Nephew Inc., and B. Braun Melsungen AG. Globally, Olympus Corp had the largest market share for laparoscopes in 2023. The company’s success has been driven by its diverse portfolio of devices that satisfy the needs of patients and healthcare providers.
The key players in the Laparoscopes market are continuing investments in R&D and customizing their marketing approach to meet each national market’s requirement. The speed at which companies can develop products, complete clinical testing, obtain regulatory clearance, and supply commercial quantities of the product to the market, will determine the ability to remain competitive.
Laparoscopes Market Analysis by Companies, 2023 (%)
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Laparoscopes Market Dynamics
- Drivers: Technological advancements over the past few years have increased the demand for laparoscopes. A wide variety of laparoscopes exist in the medical device market.
- Future Outlook: The laparoscope market is expected to grow throughout the forecast period. This is due to a rising demand for each type of laparoscope. However, the majority of the laparoscope market is for rigid-tip laparoscopes, since they are economical and can be used for a variety of patients and surgeries. As the price of flexible video laparoscopes decreases, their share of the market will be expected to increase.
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Segments Covered in this Report.
Laparoscopes Segment Outlook ($ Million, 2015-2033)
- Rigid Tip Non-Video Laparoscopes
- Video Laparoscopes
- Flexible Tip Video Laparoscopes
- Rigid Tip Video Laparoscopes
Laparoscopes Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are:
The Laparoscopes market research report includes an insightful review of the key industry trends.
- The Laparoscopes market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
- The report also includes market-level data on units, average selling prices, and market values.
Regional, Country, and Global Laparoscopes Market Insights:
- The Laparoscopes market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- Laparoscopes market SWOT analysis.
- The report provides trends and Laparoscopes market competitive dynamics.
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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.
Companies Covered: Olympus Corp, Stryker Corp, Smith & Nephew Inc, B. Braun Melsungen AG, Richard Wolf GmbH, ConMed Corp, KARL STORZ SE & Co KG, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, and others.
Scope
- Extensive coverage of the Laparoscopes market under development.
- An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
- Reviews of major players involved in the development of the Laparoscopes market and lists all their pipeline projects.
- Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
- Key clinical trial data of ongoing clinical trials specific to pipeline products.
- Recent developments in the segment/industry.
Reasons to Buy
- Understand the COVID-19 impact on Laparoscopes.
- Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Laparoscopes.
- Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
- Formulate effective sales and marketing strategies with a detailed evaluation of Laparoscopes’ market share by company. Identify strong competitors and create winning strategies to stand out in the global Laparoscopes market.
- Track regional Laparoscopes market sales as well as country-specific transactions from 2015-2033.
- Organize your sales and marketing efforts by identifying the global Laparoscopes market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.
Stryker Corp
Smith & Nephew Inc
B. Braun Melsungen AG
Richard Wolf GmbH
ConMed Corp
KARL STORZ SE & Co KG
Others
Frequently asked questions
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What was the Laparoscopes market size in 2023?
The size of the Laparoscopes market was $952.5 million in 2023.
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What will the CAGR of the Laparoscopes market be during 2023-2033?
The Laparoscopes will grow at a CAGR of more than 6% during 2023-2033.
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Which was the key segment in the Laparoscopes market in 2023?
The key segment of the Laparoscopes market was video laparoscopes in 2023.
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Which region held the largest share of the Laparoscopes market in 2023?
Asia Pacific was the largest regional market for Laparoscopes in 2023.
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Which are the leading players in the Laparoscopes market?
The leading Laparoscopes market companies are Olympus Corp, Stryker Corp, KARL STORZ SE & Co KG, Smith & Nephew Plc, and B. Braun Holding GmbH & Co KG, among others.
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