Market Size –
The suture laparoscopic forceps market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to an increasing number of laparoscopic surgeries, rising demand for laparoscopic surgeries, increasing adoption of laparoscopic procedures, a growing number of surgeries, and growing demand for minimally invasive procedures.
The suture laparoscopic forceps market size is expected to see strong growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to an increase in preference for minimally invasive surgeries among healthcare professionals and patients, increasing demand for suture laparoscopic forceps, increasing consumer awareness, increase in the incidence of target conditions for laparoscopic surgery, increase number of minimally invasive surgical procedures. Major trends in the forecast period include innovations in the design of forceps, technological advancements, major collaborations, mergers and acquisitions, expansion of healthcare infrastructure, and a surge in outpatient surgeries.
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Scope Of Suture Laparoscopic Forceps Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Suture Laparoscopic Forceps Market Overview
Market Drivers –
The growing number of surgeries is expected to propel the growth of the suture laparoscopic forceps market going forward. The growth in surgeries is driven by advancements in medical technology, including minimally invasive techniques such as laparoscopy, which offer faster recovery times, reduced hospital stays, and improved patient outcomes compared to traditional open surgeries. Suture laparoscopic forceps are used in surgeries to manipulate and place sutures precisely within the body, reducing tissue trauma and promoting faster recovery. For instance, in May 2024, according to the Government of British Columbia, a Canada-based administrative body, there were 365,825 surgeries completed, both scheduled and unscheduled. This includes 284,844 scheduled surgeries, which is 24,380 more than in the same timeframe in 2019-20. Additionally, the total number of surgeries, both scheduled and unscheduled, is 14,939 more than in 2022-23. Therefore, a growing number of surgeries is driving the growth of the suture laparoscopic forceps market.
<h4 class=reporthtag>Impact Of Rising Chronic Disease Prevalence On The Growth Of The Suture Laparoscopic Forcepsh4>
The rising prevalence of chronic diseases is expected to propel the growth of the suture laparoscopic forceps market going forward. The prevalence of chronic diseases is increasing globally due to factors such as aging populations, unhealthy lifestyles, and improved detection and diagnosis of these conditions. Suture laparoscopic forceps are used in chronic disease management to facilitate minimally invasive surgeries, aiding in tissue manipulation and suturing with precision, reducing recovery time. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, in the United States, it is projected that all four major cardiovascular risk factors will increase from 2025 to 2060. Diabetes is expected to see the largest percentage rise, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Additionally, significant increases in cardiovascular disease rates are anticipated for stroke (33.8% to 15 million) and heart failure (33.4% to 13 million), with ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million) following closely behind. Therefore, a rising prevalence of chronic diseases is driving the growth of the suture laparoscopic forceps market.
The suture laparoscopic forceps market covered in this report is segmented –
1) By Product Type: Reusable Forceps, Disposable Forceps
2) By Material: Stainless Steel, Titanium
3) By Length: Short, Long
4) By Applications: Laparoscopic, Surgery, Other Applications
5) By End-User: Adults, Pediatrics
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Regional Insights –
North America was the largest region in the suture laparoscopic forceps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the suture laparoscopic forceps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the suture laparoscopic forceps market are Johnson & Johnson, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, B. Braun Medical Ltd, Teleflex Incorporated, ConMed Corporation, Applied Medical Resources Corporation, Ackermann Instrumente GmbH, Zhejiang Geyi Medical Instrument Co. Ltd, Sklar Instruments, Purple Surgical International Ltd., Mediflex, Microline Surgical Inc., LaproSurge Ltd., Maxer Endoscopy GmbH, Victor Medical Instruments Co. Ltd., Hospiinz International, Grena Ltd.
Table of Contents
1. Executive Summary
2. Suture Laparoscopic Forceps Market Report Structure
3. Suture Laparoscopic Forceps Market Trends And Strategies
4. Suture Laparoscopic Forceps Market – Macro Economic Scenario
5. Suture Laparoscopic Forceps Market Size And Growth
…..
27. Suture Laparoscopic Forceps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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