Investments by government bodies for laparoscopic hand instruments due to technical advancements and changing lifestyle are key factors contributing to high CAGR of laparoscopic hand instruments market during the forecast period.
Laparoscopic hand instruments market valued at USD 9,997.2 Million in 2020 and is expected to reach USD 19.14 Billion by the year 2026, at a CAGR of 8.8%. Laparoscopy is a surgical and a diagnostic procedure, usually, it has only a minimal risk as a small cut is made, in which a thin tube is inserted which has a high-resolution camera, the camera is responsible for sending the images.
In laparoscopy, a small incision is made, which improves in the post-operative period. Here, the laparoscope is being used along with suturing devices, staplers, and ligation devices. In this procedure, surgeons inspect inside of the abdomen and pelvis region without making large incisions in the skin through the abdominal wall through which a laparoscope (viewing tube) is inserted. The Crucial growth factor is that there is a rise in health care spending, also the number of bariatric surgeries like gastric bypass, and adjustable gastric band has increased. Prevalence of obesity and the development of technology has given a boost to the market.
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The global pharma & healthcare market revenue growth majorly driven by factors such as increasing prevalence of chronic and acute illnesses around the world, substantially growing patient pool, rise in demand for personalized medicine, increasing pharmaceutical and biotechnological research & development projects, and rapid incorporation of emerging technologies such as artificial intelligence (AI), Internet of Things (IoT), big data analytics, robotics, and blockchain in healthcare. Rising cases of COVID-19 worldwide, surge in demand for advanced healthcare services during the COVID-19 pandemic, growing trends of telehealth and telemedicine, rising demand for advanced point-of-care diagnostics, and increasing government and private funding for development of COVID-19 vaccines are other key factors driving market revenue growth. Furthermore, increasing investments in new drug discovery & development and rising government focus on reinforcing the healthcare supply chain to meet growing medical needs are factors boosting revenue growth of this market.
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Table of Contents (ToC) – Global Laparoscopic Hand Instruments Market
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
Key Regional Markets Covered in the Report:
· North America (U.S., Canada, Mexico)
· Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Top Companies Profiled in the Report:
Karl Storz GmbH & Co. KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (U.S.), Richard Wolf GmbH (Germany), Ethicon, Inc. (U.S.), Smith & Nephew plc (U.K.), Cook Medical Inc. (U.S.), and ConMed Corporation (U.S.) Medtronic plc
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