China Laparoscopic Devices Market Size & Outlook
China laparoscopic devices market, 2018-2030 (US$M)
Related Markets
China laparoscopic devices market highlights
- The China laparoscopic devices market generated a revenue of USD 258.2 million in 2023 and is expected to reach USD 452.8 million by 2030.
- The China market is expected to grow at a CAGR of 8.4% 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 258.2 million |
| Market revenue in 2030 | USD 452.8 million |
| Growth rate | 8.4% (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, China accounted for 3.3% 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 26.65% in 2023. 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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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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China laparoscopic devices market size, by product, 2018-2030 (US$M)
China Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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