Thursday, May 30, 2024

Disposable Laparoscopic Instruments Market Opportunity Assessment, Key Vendor Analysis, Forecast by 2027

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The estimated Global Disposable Laparoscopic Instruments Market size is projected to reach USD 6.77 billion by 2027, up from USD 4.28 billion in 2019, demonstrating a Compound Annual Growth Rate (CAGR) of 5.9% throughout the forecast period. Factors contributing to market growth include the expanding geriatric population, increasing prevalence of chronic diseases, and a rise in global surgical procedures. Annually, approximately 15 million laparoscopic surgeries are performed worldwide, with the United States accounting for 32% of this total.

Laparoscopy, a minimally invasive surgical approach, entails the insertion of a small camera equipped with a light source into the specific area of the body. This enables surgeons to employ disposable laparoscopic instruments, ensuring efficient surgical procedures. This technique is frequently chosen for surgeries involving the colon, bile duct, pancreas, and liver. The utilization of disposable laparoscopic instruments markedly diminishes the likelihood of infection transmission during the surgical process.

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To mitigate the risk of surgical site infections and cross-contamination, disposable laparoscopic instruments undergo thorough sterilization, individual packaging, and are designed for one-time or temporary use. These products eliminate the need for lengthy sterilization or decontamination processes, saving both time and money for healthcare settings.

The growing preference for minimally invasive surgeries, coupled with a high demand for Plastic & Reconstructive surgery, is expected to boost the market share of disposable laparoscopic instruments. Additionally, increased healthcare expenditure, particularly in emerging economies, will contribute to revenue growth. However, challenges such as a shortage of skilled laparoscopic surgeons and concerns about the quality of disposable instruments may hinder industry expansion.

In terms of product type, the trocars segment, constituting 23.2% of the disposable laparoscopic market share in 2017, is expected to witness significant growth through 2027, driven by widespread adoption in video-assisted thoracic surgery.

Regarding applications, the gynecology segment holds a 28.1% revenue share and is projected to reach USD 1.65 billion by 2027.

Regionally, North America is anticipated to be a major market for disposable laparoscopic instruments, attributed to the presence of key industry players, well-established medical infrastructure, and a favorable reimbursement scenario. Meanwhile, the Asia-Pacific region is expected to experience the fastest growth due to the increasing prevalence of chronic diseases, a need to address unmet healthcare issues, improving healthcare infrastructure, and a rise in medical tourism.

Key players in the global market include Péters Surgical, ASFS Medic’s company, Ackermann Instrumente GmbH, Mediflex Surgical Products, B. Braun Melsungen AG, Grena LTD., Medino GmbH, Stryker Corporation, Medtronic, Medline Industries, Inc., Johnson and Johnson, Applied Medical, Microline, Intergra LifeScience, Purple Surgical, Genicon, G T.K Medical, and Pajunk. These industry leaders are adopting strategies such as acquisitions, mergers, collaborations, new product development, and capacity expansion to support overall market growth. Increased investments in Research and Development (R&D) activities by key players are expected to further drive the expansion of the disposable laparoscopic instruments market.

Encision Inc., a prominent Medical Device company, introduced its AEM 2X enTouch® Scissors on August 5, 2020, bringing enhanced performance and economic value to the surgical scissor industry.

ClearCam Inc., a company dedicated to providing innovative tools and technologies to clinicians and laparoscopic surgeons, announced the closure of a USD 2.6 Million seed round funding on August 12, 2020. ClearCam is a startup that invented and manufactures an efficient disposable in-vivo laparoscopic lens cleaner called Kelling Device, eliminating the need to continually remove the scope for cleaning during surgical procedures.

The report segments the disposable laparoscopic instruments market based on product type, application, end-user, and region for a comprehensive analysis of market trends from 2017 to 2027. The segmentation includes Laparoscopic Scissors, Laparoscopic Hooks, Grasping Forceps & Dissectors, Trocars, Laparoscopic Suction/Irrigation Devices, and Others for product types; General Surgery, Bariatric Surgery, Colorectal Surgery, Urology Surgery, Gynecologic Surgeries, and Others for applications; and Hospitals, Ambulatory Surgical Centres, and Specialty Clinics for end-users. Regionally, it covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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