Meridian Market Consultants (MMC) has published a new report titled, “Disposable Laparoscopic Instruments Market: Opportunity Analysis and Future Assessment 2019 to 2028. According to the report, global Disposable Laparoscopic Instruments Market in 2020 is estimated for more than US$ 3.6 Bn and expected to reach a value of US$ 5.5 Mn by 2028 with a significant CAGR of 5.5%. As per the report, the global disposable laparoscopic instruments market is expected to increase due to the factors such as the growing count of geriatric population across the geographical regions, affordable rates for market pick up, rising awareness about laparoscopy in emerging regions, and the growing popularity for minimally invasive therapies among patients and healthcare professionals. The base year considered for the study is 2019, and the market size is projected from 2020 to 2028.
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Disposable Laparoscopic Instruments Market Dynamics
The disposable laparoscopic instruments market is driven by the increasing pool of patients along with the growing geriatric population across the globe. Other factors like the growing investments in the healthcare sector, the growing adoption of numerous business strategies, and the shifting focus of both healthcare experts and patients towards minimal invasive methods over invasive surgeries.
For instance, B. Braun opened five new medical production plants in Penang in 2018. These sub-branches implemented the latest technologies to manufacture and market medical instruments that are used during surgery, pharmaceutical solutions along infusion therapy to treat patients. Also, the high occurrence of lifestyle-oriented diseases coupled with the increasing global healthcare expenditure globally also positively impacts the market growth.
The growing demand for disposable laparoscopic instruments in developing nations, elevating count of bariatric surgeries, rising disposable income are also expected to fuel the growth of the market. Moreover, the adoption of robots assisting laparoscopic surgeries coupled with the increasing incidences of colorectal cancers, growing count of hospitals, low risk associated with the surgery, and faster recovery after the laparoscopic procedures are some other growth driving factor boosting the demand for disposable laparoscopic instruments.
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Disposable Laparoscopic Instruments Market Segmentation
The disposable laparoscopic instruments market is segmented on the basis of product types, indications, end-use, and by region.
By Product Types:
Grasping Forceps & Dissectors
Laparoscopic Suction / Irrigation Devices
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Ambulatory Surgical Centers
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Disposable Laparoscopic Instruments Market Competitive Landscape
Key players operating in the disposable laparoscopic instruments market include Ackermann Instrumente GmbH, ASFS Medic’s company, B. Braun Melsungen AG, Grena Ltd., Mediflex Surgical Products, Medino GmbH, Medline Industries, Inc., Medtronic, Péters Surgical, and Stryker Corporation.
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