Laparoscopic Instruments Market worth $22.1 billion by 2026 - Exclusive Report by MarketsandMarkets
"Laparoscopic Instruments Market
by Product (Laparoscope, Insufflator, Suction/Irrigation systems, Access & Energy Devices), Application (Gynecology, General, Urology, Colorectal, Bariatric, Pediatric), End User (Hospital, ASC) - Global Forecast to 2026", published by MarketsandMarkets, the global market is expected to reach USD 22.1 billion by 2026 from an estimated USD 12.3 billion in 2021, at a CAGR of 12.5%.
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The Growth in the market is largely driven by the increasing adoption of minimally invasive surgeries over open surgeries, the rising prevalence of colorectal cancer, the increasing number of laparoscopic bariatric procedures, and technological advancements in laparoscopy. On the other hand, reduced Medicare payments to healthcare providers in the US and the dearth of trained professionals in laparoscopy are expected to restrain the overall market growth.