Global Laparoscopic Devices Market Size & Outlook
Global laparoscopic devices market, 2018-2030 (US$M)
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Global laparoscopic devices market highlights
- The global laparoscopic devices market generated a revenue of USD 7,712.9 million in 2023 and is expected to reach USD 12,675.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
- In terms of segment, energy systems accounted for a revenue of USD 1,601.9 million in 2023.
- Insufflation Device is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,712.9 million |
| Market revenue in 2030 | USD 12,675.7 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Insufflation Device |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
Other key industry trends
- In terms of revenue, the North America accounted for 34.4% of the global laparoscopic devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 75.9 million by 2030.
Energy systems was the largest segment with a revenue share of 20.77% in 2023. Horizon Databook has segmented the Global laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Minimally invasive surgeries are gaining popularity owing to the reduced risk and trauma associated with these procedures. Smaller incisions decrease postoperative pain facilitate speedy recovery, leading to high adoption of these procedures and triggering the growth of R&D in this field. Several key players are investing in R&D for the launch of innovative minimally invasive surgical instruments.
For instance, introduction of medical robots for assisting surgeons in procedures is a key development in the field. According to Intuitive Surgical, Inc., till September 2017, 4,271 units of da Vinci Surgical System were installed worldwide 2,770 in the U.S., 719 in Europe, 561 in Asia, and 221 in the rest of world.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global laparoscopic devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Laparoscopic devices market size, 2023 (US$M)
Global laparoscopic devices market share, by product, 2023 & 2030 (%, US$M)
Laparoscopic devices market: Opportunity assessment by country
Global laparoscopic devices market, by region, 2023 (US$M)
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