UK Laparoscopic Devices Market Size & Outlook, 2023-2030
UK laparoscopic devices market, 2018-2030 (US$M)
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UK laparoscopic devices market highlights
- The UK laparoscopic devices market generated a revenue of USD 236.5 million in 2023 and is expected to reach USD 382.3 million by 2030.
- The UK market is expected to grow at a CAGR of 7.1% 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 236.5 million |
| Market revenue in 2030 | USD 382.3 million |
| Growth rate | 7.1% (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, UK accounted for 3.1% 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 25.96% in 2023. Horizon Databook has segmented the UK 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.
Increase in healthcare expenditure, may provide scope for technological advancements in surgeries. It is also anticipated to offer lucrative growth opportunities to various market players. For instance, according to Office of National Statistics, government expenditure on healthcare sector, on nominal terms, has increased by 20% from 2019 to 2020.
Furthermore, increasing prevalence of obesity in the UK may increase the number of bariatric laparoscopic surgeries. For instance, as per a report Statistics on Obesity, Physical Activity and Diet, England (2020), 67% of adult men and 60% of women are obese or overweight.
Since bariatric laparoscopy allows rapid healing and poses low risk of postoperative infections, a significant proportion of the population is opting for such procedures. These factors are anticipated to drive demand for laparoscopic devices in the country over the forecast period.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK laparoscopic devices market size, by product, 2018-2030 (US$M)
UK Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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