Norway Laparoscopic Devices Market Size & Outlook
Norway laparoscopic devices market, 2018-2030 (US$M)
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Norway laparoscopic devices market highlights
- The Norway laparoscopic devices market generated a revenue of USD 49.3 million in 2023 and is expected to reach USD 75.9 million by 2030.
- The Norway market is expected to grow at a CAGR of 6.3% 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 49.3 million |
| Market revenue in 2030 | USD 75.9 million |
| Growth rate | 6.3% (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, Norway accounted for 0.6% 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 Europe, Germany laparoscopic devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 472.7 million by 2030.
Energy systems was the largest segment with a revenue share of 22.11% in 2023. Horizon Databook has segmented the Norway 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.
Increasing number of laparoscopic procedures in the country due to benefits of these surgeries, such as minimal incision & quick recovery, is one of the major factors driving market growth. For instance, as per Eurostat, in 2018, 118.2 laparoscopic cholecystectomy per 100,000 inhabitants were performed and 71.8 laparoscopic repair of inguinal repair out of total 117.6 inguinal hernia.
In addition, increasing healthcare expenditure and rising prevalence of colorectal cancer are few factors contributing to market growth. For instance, as per the European Commission, in 2017, Norway spent around 10.4% of its GDP on healthcare, above the average of 9.8% of EU countries.
Furthermore, according to the Cancer Registry of Norway, Institute of Population-based Cancer Research, in 2018, around 11,049 people died due to cancer, out of which, 14% deaths were due to colorectal cancer.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway laparoscopic devices market size, by product, 2018-2030 (US$M)
Norway Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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