Laparoscopic Instruments Market Size

Laparoscopic Instruments Market Size

Laparoscopic Instruments Market size exceeded USD 10 billion in 2019 and is anticipated to grow at over 11.3% CAGR between 2020 and 2026.

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Growing incidences of obesity, rising number of gynecological procedures, and recent technological advancements are some of the major factors contributing to the growth of the market. In addition to that, upsurge in the number of surgical procedures owing to high incidence of colorectal cancer will fuel the laparoscopic instruments market demand.

Technological advancements have led to the introduction of higher-quality imaging and smaller laparoscopic instruments that allow surgeons to perform accurate dissection with minimal bleeding. The advent of handheld articulated laparoscopic instruments has increased the demand for laparoscopic surgeries by eliminating the challenges associated with suturing. Moreover, increase in the automation of surgical instruments for laparoscopic surgeries is owing to the continuous development in surgical robotic systems to minimize the challenges in safety, sterility, and adaptation. Thus, these new technologies associated with laparoscopic surgical instruments will increase mobility and decrease the costs for the surgeons with respect to hand-assisted articulating, flexible forceps, and robotic equipment.