Australia Laparoscopic Devices Market Size & Outlook
Australia laparoscopic devices market, 2018-2030 (US$M)
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Australia laparoscopic devices market highlights
- The Australia laparoscopic devices market generated a revenue of USD 160.9 million in 2023 and is expected to reach USD 266.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.5% 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.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 160.9 million |
| Market revenue in 2030 | USD 266.9 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.1% of the global laparoscopic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China laparoscopic devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 452.8 million by 2030.
Energy systems was the largest segment with a revenue share of 27.28% in 2023. Horizon Databook has segmented the Australia 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.
Australia laparoscopic devices market is anticipated to witness significant growth over the forecast period. Key drivers of the market are increase in the number of surgical procedures, aging population, and high prevalence of chronic diseases.
More than 70% of healthcare expenditure is borne by federal and state governments. The primary underlying causes of deaths in Australia are lung cancer, chronic obstructive pulmonary disease, diabetes, prostate cancer, coronary heart disease, and other chronic illnesses.
Furthermore, the demand for all surgical devices is expected to grow due to rapid technological advancements. These factors are expected to boost the Australian laparoscopic devices market growth over the forecast period.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia laparoscopic devices market size, by product, 2018-2030 (US$M)
Australia Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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