U.S. Laparoscopic Devices Market Size & Outlook, 2023-2030
U.S. laparoscopic devices market, 2018-2030 (US$M)
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U.S. laparoscopic devices market highlights
- The U.S. laparoscopic devices market generated a revenue of USD 2,226.0 million in 2023 and is expected to reach USD 3,604.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, robot assisted systems was the largest revenue generating product in 2023.
- Hand Access Instruments 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 2,226.0 million |
| Market revenue in 2030 | USD 3,604.9 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Robot assisted systems |
| Fastest growing segment | Hand Access Instruments |
| 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, U.S. accounted for 28.9% 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 North America, U.S. laparoscopic devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,604.9 million by 2030.
Robot assisted systems was the largest segment with a revenue share of 22.86% in 2023. Horizon Databook has segmented the U.S. 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.
Growing awareness about the benefits of minimally invasive surgeries and laparoscopic procedures will aid market growth. In addition, increasing healthcare expenditure in the U.S. may also favor entry of both new and old players.
For instance, as per the Centers for Medicare and Medicaid Services, the U.S. health care spending increased by 4.6% and reached USD 3.8 trillion in 2019, accounting for approximately 17.7% of the GDP.
The National Health spending is expected to grow at an annual rate of 5.4% from 2019 to 2028, to reach USD 6.2 trillion by the year 2028. Furthermore, several government and nongovernment bodies increased their funding in healthcare sectors to support new innovations and technological advancements in surgeries & other fields.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. laparoscopic devices market size, by product, 2018-2030 (US$M)
U.S. Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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