Laparoscopic instruments market to be valued at $16.78b by 2030

It is driven by the rising incidence of colorectal cancer, obesity, and gallstones.

The global laparoscopic instruments market is expected to reach $16.78b by 2030 at a compound annual growth rate of 8.7%, according to a MarketsandMarkets report.

The sector’s expansion is attributed to the rising demand for minimally invasive surgery and the increasing global incidence of diseases like colorectal cancer, obesity, and gallstones.

“Advancements in imaging technologies, energy equipment, and robotic support have also enhanced the accuracy and outcomes of laparoscopic surgeries, contributing to their growing adoption,” the report said.

Moreover, increased healthcare spending, improved surgical facilities in developing countries, and heightened awareness amongst patients and healthcare professionals influence the market.

“Government initiatives aimed at promoting advanced surgical techniques and favourable reimbursement policies in developed countries further support the growth of the laparoscopic instruments market,” it added.