Global Disposable Laparoscopic Instruments Market, by Product Types (Laparoscopic Scissors, Laparoscopic Hooks, Grasping Forceps & Dissectors, Trocars, Laparoscopic Suction / Irrigation Devices, and Others), by Indications (General Surgery, Bariatric Surgery, Colorectal Surgery, Urology Surgery, Gynecologic Surgeries, and Others), by End-Use (Hospitals, Ambulatory Surgical Centres, and Specialty Clinics) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The 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 Bn 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.
Apart from these, the advancement in technology and rising research and development activities also influence the global market during the forecast years. Besides, the advancements in healthcare infrastructure in North America is also expected to fuel market growth.
On the other hand, the dearth of skilled laparoscopic surgeons, side-effects linked with the surgery, and the inferior quality of products are estimated to hamper the growth of the disposable laparoscopic instrument market globally. On the contrary, the growing demand from emerging countries like the Asia Pacific and the Middle East offers lucrative growth opportunities for the market.
Furthermore, Meridian Market Consultants (MMC) Study identifies that the market is also affected by the mounting number of gynecological and urological procedures across the globe. Besides, the rising awareness for laparoscopy along with the adoption of advanced technology for the treatment also plays a major role in positively affecting the market growth. On the other hand, the global disposable laparoscopic instrument market is hampered by the high cost of these instruments.
MMC Study identifies some of the key participating players in the disposable laparoscopic instruments market globally are 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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