Market revenue in 2024 | USD 277.1 million |
Market revenue in 2030 | USD 452.8 million |
Growth rate | 8.5% (CAGR from 2024 to 2030) |
Largest segment | Energy systems |
Fastest growing segment | Robot Assisted Systems |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 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 |
Energy systems was the largest segment with a revenue share of 26.42% in 2024. Horizon Databook has segmented the China 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.
China has been one of the fastest-growing economies in the world, with a GDP of 6.9% in 2015. Geographically, China’s medical devices market ranked among the top five. The Chinese laparoscopic devices market is driven by rise in disposable income and fast-growing geriatric population.
In addition, as per WHO, by 2020, China will have 400 million people older than 60 years and about 100 million people older than 80 years. Other driving factors for the country are affordable devices, increase in mergers & acquisitions, and government initiatives to improve healthcare services.
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