Asia Pacific Laparoscopic Devices Market Size & Outlook
Asia Pacific laparoscopic devices market, 2018-2030 (US$M)
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Asia Pacific laparoscopic devices market highlights
- The Asia Pacific laparoscopic devices market generated a revenue of USD 1,584.4 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,584.4 million |
| Market revenue in 2030 | USD 2,685.1 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| 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 |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.5% of the global laparoscopic devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,685.1 million by 2030.
Energy systems was the largest segment with a revenue share of 24.87% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The Asia Pacific market is majorly driven by China, Japan, India, Singapore, and Australia. China dominated the APAC laparoscopic devices market in terms of revenue share in 2020. Increase in the number of advanced, well-equipped hospitals and large number of surgical procedures are boosting the market growth in Asia Pacific over the forecast period.
Singapore and South Korea are some of the emerging economies in the Asia Pacific region. Advancing technology, increasing investment, improving reimbursement scenario, and growing medical tourism are likely to drive the Asia Pacific laparoscopic devices market.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific laparoscopic devices market size, by country, 2018-2030 (US$M)
Asia Pacific Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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