Spain Laparoscopic Devices Market Size & Outlook
Spain laparoscopic devices market, 2018-2030 (US$M)
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Spain laparoscopic devices market highlights
- The Spain laparoscopic devices market generated a revenue of USD 135.1 million in 2023 and is expected to reach USD 213.0 million by 2030.
- The Spain 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 135.1 million |
| Market revenue in 2030 | USD 213.0 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, Spain accounted for 1.8% 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 22.72% in 2023. Horizon Databook has segmented the Spain 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 surgeries performed in Spain is one of the major factors driving market growth. For instance, according to Eurostat, in 2018, out of the total 165.7 (per 100,000 inhabitants) cholecystectomy procedures, 144.4 were laparoscopic procedures.
Spain is a member of JACHORDIS a European collaborative initiative with prime focus on health promotion and primary prevention as well as additional focus on diabetes management & multi-morbid chronic conditions.
Moreover, Spanish constitution has formulated an article on right to health protection for citizens of the country. Such initiatives are anticipated to drive demand for laparoscopic procedures, thereby propelling market growth.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain laparoscopic devices market size, by product, 2018-2030 (US$M)
Spain Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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