Suture laparoscopic forceps are specialized surgical instruments used in minimally invasive procedures to manipulate, grasp and suture tissues inside the body. These forceps are an essential tool in laparoscopic surgery, allowing surgeons to perform precise suturing through small incisions, reducing trauma and promoting faster patient recovery.
The suture laparoscopic forceps market consists of sales, by entities (organizations, sole traders, or partnerships), of suture laparoscopic forceps that manufacture and distribute these instruments for use in hospitals, surgical centers and other medical facilities. Suture laparoscopic forceps are primarily used by surgeons, particularly those specializing in laparoscopic and minimally invasive procedures. These instruments are used during procedures such as hernia repair, cholecystectomy, bariatric surgery, gynecological surgeries and other abdominal or thoracic operations.
The global suture laparoscopic forceps market was valued at $1,909.11 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 3.00%.
Growing Number Of Surgeries
Growing number of surgeries boosted the growth of the suture laparoscopic forceps market during this historic period. As surgical interventions for conditions such as gastrointestinal disorders, hernias and gynecological issues rise, laparoscopic techniques are preferred for their advantages, including reduced recovery time, lower infection risks and minimal scarring. These procedures rely heavily on precision instruments like suture laparoscopic forceps to ensure accurate suturing and tissue manipulation in confined spaces. For instance, in May 2024, according to the Government of British Columbia, a Canada-based administrative body, there were 365,825 surgeries completed, both scheduled and unscheduled. This includes 284,844 scheduled surgeries, which is 24,380 more than in the same timeframe in 2019-20. Therefore, the growing number of surgeries contributed to the growth of the suture laparoscopic forceps market.
Low Healthcare Access In Developing Countries
Low healthcare access in developing countries restrained the growth of suture laparoscopic forceps market in the historic period. Many healthcare facilities in these regions lack the necessary resources and trained professionals to perform minimally invasive laparoscopic procedures, reducing the adoption of specialized instruments like suture laparoscopic forceps. Additionally, high procedure costs and the absence of widespread health insurance coverage make it difficult for a large portion of the population to afford such surgeries. For example, in September 2023, Universal Health Coverage (UHC) Global Monitoring Report indicates that approximately 4.5 billion people, which is more than half of the global population, lack full access to essential health services. Therefore, the low access to healthcare services had a negative impact on the suture laparoscopic forceps market growth in many developing nations.
Johnson & Johnson (Ethicon) Services Inc. was the largest competitor with a 2.13% share of the market, followed by Medtronic plc. and Olympus Corporation.
Suture Laparoscopic Forceps Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global suture laparoscopic forceps market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for suture laparoscopic forceps? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The suture laparoscopic forceps market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider suture laparoscopic forceps market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics:-Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by material, by length, by applications and by end-user.
- Key Trends:-Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario:-The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the suture laparoscopic forceps market.
- Global Market Size And Growth:-Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis:-Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation:-Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by product type, by material, by length, by applications and by end-user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth :-Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape:-Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies:- Details on the company profiles of other major and innovative companies in the market
- Competitive Benchmarking:-Briefs on the financials comparison between major players in the market.
- Competitive Dashboard:-Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions:-Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations This section includes recommendations for suture laparoscopic forceps providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix:-This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product Type: Reusable Forceps; Disposable Forceps
- 2) By Material: Stainless Steel; Titanium; Other Materials
- 3) By End User: Adults; Pediatrics
- 4) By Length: Short; Long
- 5) By Application: Laparoscopic; Surgery; Other Applications
- Companies Mentioned: Johnson & Johnson (Ethicon) Services Inc.; Medtronic plc.; Olympus Corporation; Stryker Corporation; Karl Storz GmbH & Co. KG.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; suture laparoscopic forceps indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.