The global Laparoscopic Gynecological Procedures market size is expected to be worth around US$ 46.13 billion by 2030, according to a new report by Vision Research Reports.
The global Laparoscopic Gynecological Procedures market size was valued at US$ 31.83 billion in 2020 and is anticipated to grow at a CAGR of 10.7% during forecast period 2021 to 2030.
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Growth Factors
rising prevalence of gynecological disorders, technological advances, favorable reimbursement policies, and various government initiatives are key factors contributing to the growth of the market. Technological advancements in laparoscopy devices are one of the major drivers of this market. Numerous market players are investing in R&D for developing innovative products. Technological advancements in laparoscopes, visualization systems, and other components are collectively boosting the product demand.
These advancements include HD imaging, portability, and micro laparoscopy, which enable accurate diagnoses & treatment. For instance, the development and introduction of medical robots to assist doctors is a key advancement in the field. These robots offer numerous benefits, such as a 3D view of the operating field, reduced blood loss & need for transfusion, early discharge from the hospital, minimal scarring & less trauma to the body, as well as higher precision in surgery due to the elimination of surgeon’s tremor. The usage of hand-assisted devices and robotic laparoscopic surgeries is among the new trends, boosting the market growth.
Report Highlights
the laparoscopic hysterectomy segment dominated the market accounting for the largest revenue share of 58.2%. On the basis of procedures, the market has been segmented into laparoscopic hysterectomy, laparoscopic myomectomy, laparoscopic colpopexy (sacrocolpopexy, sacrocervicopexy, etc.), laparoscopic endometrial excision, laparoscopic adnexal (oophorectomy, salpingooophorectomy, etc.), laparoscopic diagnostic procedures (requiring chromopertubation).
Laparoscopic hysterectomy is one of the widely used minimally invasive procedures for removing the uterus. This procedure has several advantages, such as the low risk of blood loss & infection and reduced hospital stays. Moreover, the risks of getting complications post-surgery are comparatively low. In addition, this procedure is inexpensive compared to a robotic hysterectomy. Thus, the aforementioned advantages drive its adoption, in turn, boosting the segment growth.
The hospitals segment held the largest revenue share of 57% in 2020. Hospitals offer superior care to patients and provide reimbursements for certain procedures, which are further contributing to the segment growth. Furthermore, hospitals are currently advancing in terms of technology. Technologically advanced devices are being used extensively in hospitals to provide better treatment. These devices are not only simplifying treatment procedures but also providing better, faster, and accurate results.
Hospitals also witness a significantly high inflow of patients for laparoscopic procedures as compared to other healthcare settings, owing to ease of handling any emergencies that may arise during surgical procedures and availability of a broad range of treatment options. Thus, the aforementioned factors are expected to drive the growth of the hospitals segment.
On the basis of end use, the market has been segmented into hospitals, clinics, Ambulatory Surgery Centers (ASCs), and others. The growth of the hospitals segment can mainly be attributed to an increase in the number of patients suffering from various chronic ailments and consequent rise in surgical procedures.
The ASCs segment is expected to grow at the fastest CAGR over the forecast period. High preference for outpatient surgeries, increase in the adoption of minimally invasive surgeries, and cost-effectiveness of ASC-based laparoscopic procedures are key factors responsible for the lucrative growth of this segment. Lower postsurgical complications in minimally invasive laparoscopic surgery are expected to increase the demand for ASCs as they offer several advantages to patients, including shorter procedure time and same-day discharge.
North America dominated the global market accounting for the share revenue share of 40.72% in 2020 owing to the presence of well-established healthcare infrastructure, availability of skilled surgeons, and launch of technologically advanced products by the key market players. Growing awareness about the benefits of minimally invasive surgeries and laparoscopic procedures will drive the market growth over the forecast years. In addition, increasing healthcare expenditure in the U.S. may also favor the entry of both new and old players.
| Report Coverage | Details |
| Market Size | US$ 46.13 billion by 2030 |
| Growth Rate | CAGR of 10.7% From 2021 to 2030 |
| Base year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Procedure, End use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Medtronic; Stryker Corp.; Karl Storz SE & CO. Kg; Johnson and Johnson; Olympus Corp.; CONMED Corp.; B. Braun Melsungen AG; The Cooper Companies, Inc.; Richard Wolf GmbH; Microline Surgical; Welfare Medical Ltd.; Intuitive Surgical; Shenzen Mindray Bio Medical Electronics Co., Ltd. |
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Key Players
Market Segmentation
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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