The global disposable laparoscopic instruments market, valued at US$ 5 Billion in 2022, is anticipated to witness substantial growth, reaching a valuation of US$ 7 Billion by 2028. This projection reflects a Compound Annual Growth Rate (CAGR) of 5.6% over the forecast period.
Disposable laparoscopic instruments, which constituted approximately 36.3% of the global endoscope market in 2021, are expected to witness continued demand, particularly for trocars, with a projected CAGR of 5.4% during 2022-2028.
Environmental considerations, including medical device waste management, regulatory compliance, and adoption rates, remain pivotal factors influencing the global disposable laparoscopic instruments market.
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Key advancements in the market include the integration of disposable handles with integral cords and electrodes. The market landscape is characterized by frequent product revisions aimed at addressing technical issues and enhancing sustainability in manufacturing processes.
The first half of 2022 witnessed a slight decline in the Basis Point Share (BPS) compared to the projected period, attributed to stringent regulatory measures aimed at reducing medical waste. Despite this, the market is expected to experience a modest decrease in growth rate, reflecting a 47 BPS decline, as analyzed by FMI.
The perceived high initial cost of disposable laparoscopic instruments has hindered widespread adoption, however, the lower costs associated with sterilization and maintenance present opportunities for increased utilization in ambulatory settings.
Absolutely, several factors are hindering the growth of disposable laparoscopic instruments:
- High Cost: Disposable laparoscopic devices are particularly expensive in developing and underprivileged countries, limiting their accessibility. This can strain healthcare budgets and restrict patients’ access to minimally invasive surgical procedures.
- Workforce and Surgeon Shortage: A lack of skilled personnel to perform laparoscopic surgeries is another constraint. There might be an insufficient workforce or a scarcity of experienced surgeons trained in laparoscopic techniques.
- Poor Instrument Performance: The substandard performance of certain disposable laparoscopic equipment can discourage adoption. If surgeons are concerned about the reliability or effectiveness of these instruments, they may be hesitant to use them.
These factors collectively dampen the demand for disposable laparoscopic instruments.
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Key Companies Profiled:
- ASFS Medic’s Company
- Ackermann Instrumente GmbH
- AMNOTEC International Medical
- B. Braun Melsungen AG
- CONMED Corporation
- Cook Medical
- EndoMed Systems GmbH
- Intuitive Surgical
- Karl Storz GmbH & CO. KG
- Medline Industries, Inc.
- Medtronic plc
- Microline Surgical, Inc.
- Mindray Medical International Limited
Key Segments of Disposable Laparoscopic Instruments Industry Research:
Disposable Laparoscopic Instruments Market by Product Type:
- Laparoscopic Scissors
- Laparoscopic Hooks
- Grasping Forceps & Dissectors
- Trocars
- Laparoscopic Suction / Irrigation Devices
- Others
Disposable Laparoscopic Instruments Market by Indication:
- Disposable Laparoscopic Instruments for General Surgeries
- Disposable Laparoscopic Instruments for Bariatric Surgeries
- Disposable Laparoscopic Instruments for Colorectal Surgeries
- Disposable Laparoscopic Instruments for Urology Surgeries
- Disposable Laparoscopic Instruments for Gynecologic Surgeries
- Others
Disposable Laparoscopic Instruments Market by End Use:
- Disposable Laparoscopic Instruments for Hospitals
- Disposable Laparoscopic Instruments for Ambulatory Surgical Centers
- Disposable Laparoscopic Instruments for Specialty Clinics
Disposable Laparoscopic Instruments Market by Region:
- North America Disposable Laparoscopic Instruments Market
- Latin America Disposable Laparoscopic Instruments Market
- Europe Disposable Laparoscopic Instruments Market
- East Asia Disposable Laparoscopic Instruments Market
- South Asia & Pacific Disposable Laparoscopic Instruments Market
- Middle East & Africa (MEA) Disposable Laparoscopic Instruments Market
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