The global demand for Laparoscopic Power Morcellators Market is presumed to reach the market size of nearly USD 242.62 MN by 2030 from USD 127.26 MN in 2022 with a CAGR of 8.4% under the study period 2023 - 2030.
Laparoscopic power morcellators are Class II medical equipment that cut tissue into smaller pieces for removing tissues through a small incision site (typically 2 cm long or less) during laparoscopic (minimally invasive) procedures. These instruments are frequently employed in gallbladder, kidney, liver, and spleen removal surgery. They are also employed in myomectomy (the surgical removal of uterine fibroids, which are noncancerous growths in the uterus) and in hysterectomy (the surgical removal of a woman's uterus). Laparoscopic operations have a quicker postoperative recovery period and a lower risk of infection than abdominal incision hysterectomy or myomectomy.
Market Dynamics
The rising prevalence of uterine fibroids is growing the need for myomectomy or hysterectomy treatments globally, expanding the market for laparoscopic power morcellators. Furthermore, due to the lower risk associated with such operations, minimally invasive and non-invasive surgeries are gaining favour these days. Smaller incisions reduce postoperative pain and speed healing, resulting in the widespread use of these treatments. To remove larger fibroids, surgeons are now performing single-port laparoscopic and robotic myomectomies/hysterectomies. These fibroids can be removed through tiny incisions by breaking them into pieces, a process known as morcellation, using laparoscopic power morcellators. Thus, compared to open abdomen surgeries, the chances of blood loss and infection are lower with minimally invasive techniques. Such procedures also allow for shorter hospital stays, allowing the patient to return to work and resume routine activities in a timely manner. As a result, benefits like these are responsible for fueling the desire for minimally invasive operations, hence contributing to the market's growth for laparoscopic power morcellators. Moreover, technological advances in surgical equipment are expected to augment market growth further.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of laparoscopic power morcellators. The growth and trends of laparoscopic power morcellators industry provide a holistic approach to this study.
Market Segmentation
This section of the laparoscopic power morcellators market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Hysterectomy
- Myomectomy
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Laparoscopic Power Morcellators market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Laparoscopic Power Morcellators Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Laparoscopic Power Morcellators market include Medtronic, Karl Storz GmbH, Richard Wolf GmbH, LiNA Medical, Lumenis (Boston Scientific Corporation), Nouvag AG, Olympus Corporation, RUDOLF Medical GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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