The Global Laparoscopic Electrodes Market is Anticipated to Witness High Growth Owing to Rising Adoption of Minimally Invasive Surgeries

 

Global Laparoscopic Electrodes Market 

Laparoscopic electrodes are used for electrosurgery in laparoscopic surgeries. These electrodes deliver electrical energy to cut, coagulate, and desiccate tissues. The demand for laparoscopic electrodes is driven by the growing preference for minimally invasive surgeries over traditional open surgeries. Minimally invasive surgeries are associated with reduced risk of surgical site infections, shorter hospital stay, lesser post-operative pain, and faster recovery.


The Global Laparoscopic Electrodes Market Demand is estimated to be valued at US$ 261.8 MN in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Global Laparoscopic Electrodes are Medtronic, B. Braun, REGER Medizintechnik GmbH, BOWA-electronic GmbH & Co. KG, Zhejiang Geyi Medical Instrument Co.,Ltd, CONMED Corporation, Olympus Corporation, Ethicon US, LLC., Millennium Surgical Corp, Ackermann Instrumente GmbH, GeoSurgical, LiNA Medical ApS, and Premier Inc.

Key opportunities in the market include rising adoption of minimally invasive procedures, growing healthcare expenditure worldwide and increasing number of laparoscopic surgeries. The global laparoscopic surgery market was valued at $13 billion in 2020 and is expected to reach $25 billion by 2030 at a CAGR of 6.5%.

Key players are focusing on global expansion by entering into partnerships, mergers & acquisitions, and new product launches. For instance, in July 2022, Medtronic launched the LigaSure Exact Open bipolar vessel sealing system in Japan. In February 2022, Medtronic acquired Affera, a company offering real-time tissue visualization during surgical procedures.

Market Drivers
Rising geriatric population
The global geriatric population is growing rapidly. According to UN data, the number of people aged 65 years or older is projected to grow from 703 million in 2019 to 1.5 billion in 2050. This age group is more prone to chronic diseases like cancer which increases the demand for laparoscopic surgeries and associated electrodes.

Market Restrain
Lack of skilled surgeons
Laparoscopic surgeries require advanced level of skills and expertise. The shortage of skilled laparoscopic surgeons is a major challenge restraining the overall demand for laparoscopic electrodes. According to a study published in Surgical Endoscopy journal, about 25% general surgeons in the UK are not competent to perform basic laparoscopic procedures independently. Extensive training is needed to adopt minimally invasive techniques which not every general surgeon has undergone.


Segment Analysis
The global laparoscopic electrodes market is dominated by the disposable electrodes segment. Disposable lap electrodes are easy to use and helps prevent cross-contamination. These electrodes are supplied sterile for single-use, helping maintain hygiene standards. Their use has increased significantly with rising adoption of minimally invasive surgeries globally. Reusable electrodes require high maintenance and reprocessing, making their use costlier in comparison. This drives greater demand for disposable variants.

Global Analysis
North America currently holds the leading share in the global laparoscopic electrodes market. This is attributed to factors such as rising healthcare spending, growing obesity rates driving bariatric surgeries, and advanced healthcare facilities. The region has witnessed rising technological adoptions to facilitate minimally invasive procedures. Meanwhile, Asia Pacific is expected to witness the fastest growth during the forecast period. Increasing medical tourism, growing surgical capabilities, and expanding patient awareness & acceptability of laparoscopic techniques are major factors spurring market expansion in Asia Pacific. Rising medical tourism especially in countries such as India, Thailand, and Malaysia would drive the regional market.


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