The global laparoscopic appendectomy market size is expected to reach USD 3.41 billion by 2030 and is projected to grow at a CAGR of 5.0%, according to a new report by Grand View Research, Inc.Appendicitis is a prevalent condition, affecting approximately 7.0%-10.0% of the global population. According to a study published by the European Journal of Medical & Health Sciences in July 2024, acute appendicitis (AA) is a leading cause of acute abdominal pain in both adults and children presenting to emergency departments, with about 17.7 million cases annually. The lifetime risk of appendicitis is estimated at 7.0%-8.0%. This high prevalence drives significant demand for effective treatment options, bolstering the market growth. The condition’s impact across various age groups reinforces the increasing need for minimally invasive surgical solutions, highlighting the market's expanding role in addressing this widespread medical issue.
The field of laparoscopic surgery witnessed remarkable advancements, which are pivotal in driving market growth. Innovations such as high-definition laparoscopic cameras, improved imaging systems, and robotic-assisted surgical platforms enhance surgical precision and outcomes. For instance, the integration of robotic systems such as the da Vinci Surgical System offers enhanced dexterity and control, leading to better surgical results and shorter recovery times. The development of advanced laparoscopic tools and energy devices has also improved procedural efficiency and patient safety, making laparoscopic appendectomy the preferred choice for many surgeons.
Supportive regulatory frameworks play a crucial role in market expansion. Regulatory bodies such as the European Medicines Agency (EMA) and the U.S. Food and Drug Administration (FDA) ensure the safety and efficacy of laparoscopic devices through rigorous approval processes. Their endorsement of new technologies fosters innovation and market entry, ensuring that healthcare providers have access to the latest advancements in laparoscopic surgery. These regulatory bodies also help streamline the approval process for new devices, accelerating their availability in the market.
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The field of laparoscopic surgery witnessed remarkable advancements, which are pivotal in driving market growth. Innovations such as high-definition laparoscopic cameras, improved imaging systems, and robotic-assisted surgical platforms enhance surgical precision and outcomes. For instance, the integration of robotic systems such as the da Vinci Surgical System offers enhanced dexterity and control, leading to better surgical results and shorter recovery times. The development of advanced laparoscopic tools and energy devices has also improved procedural efficiency and patient safety, making laparoscopic appendectomy the preferred choice for many surgeons.
Supportive regulatory frameworks play a crucial role in market expansion. Regulatory bodies such as the European Medicines Agency (EMA) and the U.S. Food and Drug Administration (FDA) ensure the safety and efficacy of laparoscopic devices through rigorous approval processes. Their endorsement of new technologies fosters innovation and market entry, ensuring that healthcare providers have access to the latest advancements in laparoscopic surgery. These regulatory bodies also help streamline the approval process for new devices, accelerating their availability in the market.
Laparoscopic Appendectomy Market Report Highlights
- Based on product, laparoscopes segment held the largest share of 39.7% in 2023 due to the increasing adoption of minimally invasive surgeries, technological advancements in laparoscopes, and the growing preference for laparoscopic appendectomy over traditional open surgeries.
- Based on technology, the multi-port laparoscopy segment held the largest revenue share of 43.6% in 2023.
- Based on end use, the hospital segment dominated the market, capturing a substantial revenue share of 61.4% in 2023 due to the high patient volume, advanced infrastructure, availability of skilled surgeons, and the comprehensive care that hospitals provide.
The leading players in the Laparoscopic Appendectomy market include:
- Intuitive Surgical.
- Medtronic plc
- Johnson & Johnson
- Stryker Corporation
- Olympus Corporation
- Conmed Corporation
- B. Braun SE
- Richard Wolf GmbH
- Karl Storz SE & Co. KG
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Laparoscopic Appendectomy Market Variables, Trends & Scope
Chapter 4. Laparoscopic Appendectomy Market: Product Estimates & Trend Analysis
Chapter 5. Laparoscopic Appendectomy Market: Technology Estimates & Trend Analysis
Chapter 6. Laparoscopic Appendectomy Market: End Use Estimates & Trend Analysis
Chapter 7. Laparoscopic Appendectomy Market: Regional Estimates & Trend Analysis by Product, Technology, and End Use
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The leading players in the Laparoscopic Appendectomy market include:- Intuitive Surgical.
- Medtronic plc
- Johnson & Johnson
- Stryker Corporation
- Olympus Corporation
- Conmed Corporation
- B. Braun SE
- Richard Wolf GmbH
- Karl Storz SE & Co. KG
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | September 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 2.42 Billion |
Forecasted Market Value ( USD | $ 3.41 Billion |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |