Russia Laparoscopic Devices Market Size & Outlook
Russia laparoscopic devices market, 2018-2030 (US$M)
Related Markets
Russia laparoscopic devices market highlights
- The Russia laparoscopic devices market generated a revenue of USD 152.3 million in 2023 and is expected to reach USD 240.4 million by 2030.
- The Russia market is expected to grow at a CAGR of 6.7% 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 152.3 million |
| Market revenue in 2030 | USD 240.4 million |
| Growth rate | 6.7% (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, Russia accounted for 2.0% 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 22.78% in 2023. Horizon Databook has segmented the Russia 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 prevalence of cancer is one of the major factors driving market growth in Russia. According to a report published by the P.A. Hertsen Moscow Oncology Research Center in 2018, about 617.2 thousand new cases of cancer were registered in the country in 2017, an increase of ~3.0% from 2016.
In addition, colorectal, breast, pancreatic, and lung cancers are among the leading causes of deaths here. This growing incidence and prevalence of diseases is expected to boost demand for various laparoscopic procedures, thereby, driving market growth 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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Russia laparoscopic devices market size, by product, 2018-2030 (US$M)
Russia Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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