by The global Laparoscopic Power Morcellators Market is estimated to be valued at US$ 113.21 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Laparoscopic power morcellators are medical devices used for minimally invasive surgery to cut tissues and organs into smaller pieces so that they can be easily removed through small incisions in the abdomen. They offer advantages like reduced pain, smaller scars, shorter hospital stay and quicker recovery compared to open surgeries. Growing prevalence of gynecological and urological conditions is driving the need for laparoscopic procedures requiring use of morcellators.
Market key trends:
Technological advancements are playing a major role in shaping the laparoscopic power morcellators market. New devices are being introduced with advanced features like water-jet based tissue morcellation to address concerns around electromechanical morcellation. Adoption of robotics and artificial intelligence is also gaining traction to enable precision cutting and visualization during morcellation. There is a rising focus on single-use disposable morcellators to avoid risks of infection transmission between patients. Additionally, growing demand for minimally invasive procedures and awareness about its benefits are stimulating the uptake of laparoscopic surgeries worldwide, thereby propelling the need for associated devices like power morcellators.
Segment Analysis
The global laparoscopic power morcellators market is segmented based on product type, application, and end user. Based on product type, the market is segmented into gyroscopic morcellators and non-gyroscopic morcellators. The non-gyroscopic morcellators segment currently dominates the market due to its lower price as compared to advanced gyroscopic morcellators.
Key Takeaways
Market Size
Global Laparoscopic Power Morcellators Market Size is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period 2023 to 2030, due to increasing adoption of minimally invasive surgeries.
Regional Analysis
North America currently dominates the laparoscopic power morcellators market due to presence of major players and advanced healthcare infrastructure. Asia Pacific is expected to witness the fastest growth over the forecast period owing to increasing medical tourism and improving healthcare facilities.
Key Players
Key players operating in the laparoscopic power morcellators market are LiNA medical, Blue endo, Johnson and Johnson, Hangzhou kangji medical instruments, WISAP medical technology, Zhejiang geyi medical instrument, Karl storz GmbH, Medtronic, Richard wolf GmbH, Lumenis (Boston Scientific Corporation), Nouvag AG, RUDOLF Medical GmbH, and Olympus Corporation. Some of the major players are focusing on new product launches and geographic expansion to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
