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Laparoscopic Ports Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[220+ Pages Report] 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.
Market Overview
The use of laparoscopic ports in laparoscopic surgery is a relatively new technique. It's a type of minimally invasive surgery in which the surgeon operates virtually entirely through a single entrance point, which is generally the patient's navel. Laparoscopic surgeries are less intrusive and save money on pre-and post-operative care as well as hospital stays. Patients experience reduced blood loss, fewer postoperative problems, and a faster recovery period as a result of these surgeries. In addition, health insurance providers in several nations are progressively covering minimally invasive surgeries. Patients' preferences for minimally invasive surgeries have risen as a result of these considerations.
In emerging markets, the healthcare industry is quickly expanding. BRICS (Brazil, Russia, India, China, and South Africa) are among the world's fastest-growing economies. This can be attributed to the increasing public and private initiatives undertaken by market stakeholders across these countries, low regulatory barriers to trade, continuous improvements in healthcare infrastructure, growing patient populations, rising healthcare expenditure, market leaders' strengthening distribution networks, and rising medical tourism in these countries. Developing countries confront a significant hurdle in gaining access to basic surgical procedures. 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.
Impact of COVID – 19
The worldwide healthcare industry has been faced with a severe issue as a result of the COVID-19 epidemic. Patients with various ailments have received insufficient care due to limited access to medical services. The pandemic has had a negative impact on laparoscopy. During this time, procedures are frequently rescheduled or postponed in order to reduce virus spread.
The complete research study looks at both the qualitative and quantitative aspects of the laparoscopic ports market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.
Segmentation Analysis
The global Laparoscopic Ports Market is segregated based on product type and application.
The other surgery industry controlled the market for laparoscopic devices in 2021. Cholecystectomy laparoscopy, appendectomy laparoscopy, thoracic laparoscopy, colon laparoscopy, and prostrate laparoscopy are among the most common operations. Colon laparoscopy, for example, is predicted to develop substantially as a result of continuing innovation aimed at improving its success rate. As a result, this category is likely to grow at a moderate rate over the forecasted period. Due to the increased incidence of obesity in adults as a result of excessive calorie consumption and changing lifestyle choices, the bariatric surgery category is expected to grow at the quickest rate throughout the projection period.
On the basis of application, the global laparoscopic instruments market is split into hospitals and ambulatory surgical centers. The rapid growth of the ambulatory surgery center segment can be attributed to the growing demand for ambulatory treatment due to its cost-effectiveness. The government's and insurance companies' effort to have these procedures done in ambulatory surgical centers is likely to accelerate the use of laparoscopy instruments in these procedures.
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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Regional Landscape
In 2021, North America accounted for the largest share of the global market for laparoscopic devices. In North America, the United States accounted for the largest share of the market for laparoscopic devices. North America's large position of the global laparoscopic instruments market is due to a growing geriatric and chronically ill population, an increase in the number of minimally invasive procedures, and technical advancements. The second-largest market in the globe is Europe, with Asia-Pacific emerging as the fastest-growing region. India and China are two Asian economies that are growing rapidly.
List of Key Players in the Global Laparoscopic Ports Market:
- Applied Medical
- Unimax Medical Systems
- Lagis Endosurgical
- BNR
- Surgical Innovations
- Intuitive Surgical
- Sejong Medical
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
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major Market Players
- Applied Medical
- Unimax Medical Systems
- Lagis Endosurgical
- BNR
- Surgical Innovations
- Intuitive Surgical
- Sejong Medical
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