Europe Laparoscopic Devices Market Size & Outlook
Europe laparoscopic devices market, 2018-2030 (US$M)
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Europe laparoscopic devices market highlights
- The Europe laparoscopic devices market generated a revenue of USD 1,715.2 million in 2023.
- The market is expected to grow at a CAGR of 6.9% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,715.2 million |
| Market revenue in 2030 | USD 2,741.1 million |
| Growth rate | 6.9% (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, Europe region accounted for 22.2% 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 23.13% in 2023. Horizon Databook has segmented the Europe 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.
Europe held a significant share in the laparoscopic devices market, owing to rising awareness about diseases caused due to obesity. In addition, according to the Eurostat, obesity and weight problems are rapidly increasing in the European Union (EU). For instance, as per the Global Change Data Lab, 22.82% of the EU population was obese in 2016.
Moreover, according to the World Diabetes Foundation, in 2015, 9.0% of the healthcare expenditure in the European region was on diabetes. Such factors are expected to drive growth of European laparoscopic procedures market.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe laparoscopic devices market size, by country, 2018-2030 (US$M)
Europe Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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