Colombia Laparoscopic Devices Market Size & Outlook
Colombia laparoscopic devices market, 2018-2030 (US$M)
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Colombia laparoscopic devices market highlights
- The Colombia laparoscopic devices market generated a revenue of USD 132.7 million in 2023 and is expected to reach USD 222.5 million by 2030.
- The Colombia market is expected to grow at a CAGR of 7.7% 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 132.7 million |
| Market revenue in 2030 | USD 222.5 million |
| Growth rate | 7.7% (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, Colombia accounted for 1.7% 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 Latin America, Brazil laparoscopic devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 445.6 million by 2030.
Energy systems was the largest segment with a revenue share of 21.93% in 2023. Horizon Databook has segmented the Colombia 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 laparoscopic devices market in Colombia is driven by increasing incidence of gall bladder and colorectal cancers. For instance, according to International Agency for Research on Cancer, the number of people suffering from gall bladder cancer in Colombia is expected to increase from 1,657 in 2018 to 2,166 in 2025.
In addition, the number of people living with colon cancer is expected to increase from 5,661 in 2018 to 7,310 in 2025. These factors are likely to drive market growth in Colombia during the forecast period.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia laparoscopic devices market size, by product, 2018-2030 (US$M)
Colombia Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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