25-Jul-2022 | Facts and Factors
According to Facts and Factors, the global Laparoscopic Ports Market size was valued at USD 5,568 million in 2021 and is predicted to increase at a CAGR of 11.9% to USD 10,226 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Laparoscopic ports are a relatively new laparoscopic surgery method. It's a minimally invasive surgery in which the surgeon works almost entirely through a single entrance point, usually the patient's navel. SPL leaves only a single minor scar, unlike a standard multi-port laparoscopic method. Laparoscopic surgery has been more popular in recent years due to its multiple advantages, including a shorter hospital stay, reduced blood loss, and lower patient morbidity, as well as speedy recovery, swift and effective outcomes, and minimal risk of infection, tiny or no incision, and less pain. Factors such as the rising use of minimally invasive surgeries over open surgeries, the rising frequency of colorectal cancer, the rising number of laparoscopic bariatric treatments, and technological breakthroughs in the field of laparoscopy are all contributing to market expansion.
Browse the full “ Laparoscopic Ports Market By Product Type (Multi-instrument, Single-instrument), By Application (Hospital and Ambulatory Surgery Center, Ambulatory Surgery Center, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/laparoscopic-ports-market
Growing healthcare markets in emerging economies, as well as advancements in laparoscopic instrument equipment capabilities, are likely to provide considerable potential possibilities for market competitors. The rising frequency of chronic diseases is increasing the need for more effective treatment options. As a result, the patient pool for chronic diseases is likely to drive the number of procedures conducted, which will help disposable laparoscopic devices expand in popularity. India, South Korea, and Singapore are working to strengthen their infrastructure by increasing the number of hospitals and training institutes for continuing medical education in specialties like laparoscopic surgery. However, in these underdeveloped countries, there is still a significant infrastructure deficit that prevents advanced medical procedures like laparoscopy from being performed. The problem for developing countries is to close the gap in infrastructural support for executing laparoscopic surgeries.
In 2021, the market for laparoscopic devices was controlled by the other surgery sector. Among the most popular procedures are cholecystectomy laparoscopy, appendectomy laparoscopy, thoracic laparoscopy, colon laparoscopy, and prostrate laparoscopy. As a result of continued innovation targeted at boosting its success rate, colon laparoscopy, for example, is expected to grow rapidly. As a result, over the projected period, this category is expected to develop at a moderate rate. The bariatric surgeries category is predicted to increase at the fastest rate during the forecast period, owing to the rising incidence of obesity in adults as a result of excessive calorie consumption and changing lifestyle choices.
The worldwide laparoscopic instruments market is divided into hospitals and ambulatory surgical centers based on application. The increasing desire for ambulatory treatment due to its cost-effectiveness can be ascribed to the rapid rise of the ambulatory surgery center segment. The government's and insurance company's push to have these treatments done in ambulatory surgery centers is likely to fuel the rapid rise of laparoscopy tools in these applications.
North America held the greatest proportion of the global market for laparoscopic devices in 2021. The United States accounted for the highest proportion of the market for laparoscopic devices in North America. The growing geriatric and chronically ill population, increasing number of minimally invasive procedures, and technological improvements are all factors contributing to North America's big share of the worldwide laparoscopic tools market. Europe is the world's second-largest market, with Asia-Pacific emerging as the fastest-growing region. India and China are two Asian countries with burgeoning economies.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 5,568 Million |
Projected Market Size in 2028 |
USD 10,226 Million |
CAGR Growth Rate |
11.9% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Applied Medical, Unimax Medical Systems, Lagis Endosurgical, BNR, Surgical Innovations, Intuitive Surgical, Sejong Medical, and Others |
Key Segment |
By Product Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The report contains qualitative and quantitative research on the global laparoscopic ports market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other
Some of the major companies operating in the laparoscopic ports market are Applied Medical, Unimax Medical Systems, Lagis Endosurgical, BNR, Surgical Innovations, Intuitive Surgical, Sejong Medical, and others.
The Global Laparoscopic Ports Market is segmented as follows:
By Product Type
- Multi-instrument
- Single-instrument
By Application
- Hospital and Ambulatory Surgery Center
- Ambulatory Surgery Center
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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