The global laparoscopic power morcellators market size is expected to reach USD 189.4 million by 2028 according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR of 7.5% from 2021-2028. A rise in the cases of uterine fibroids among the women population coupled with a growing shift towards minimally invasive gynecological procedures is anticipated to drive the market growth. Additionally, major technological innovations in surgical devices and the presence of Favorable health reimbursement policies are expected to create positive moves for the market in the years to come. Moreover, increasing awareness regarding women’s health and a huge rise in expenditure on medical facilities will further propel the market growth.
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Key Highlights of Laparoscopic Power Morcellators Market
- Based on application, the hysterectomy segment contributed the largest share in the laparoscopic power morcellators market and is expected to take its lead ahead during the forecast period. This procedure is mostly preferred as an effective solution for uterine fibroids, thus, propelling the segment’s growth.
- Regionally, the Asia Pacific region is anticipated to witness exponential growth and is predicted to generate higher revenues throughout the forecast period. A rise in the patient pool detected with various disorders such as uterine fibroids, endometritis, and abnormal bleeding are contributing to the overall growth of the market in this region.
- Laparoscopic procedures are gaining higher traction across the globe, with over 15 million procedures conducted per year. The COVID-19 pandemic halted elective surgeries in countries affected by the pandemic. Such postponed surgical procedures are projected to be in the immediate pipeline once COVID-19 cases start decreasing.
The emergence of COVID-19 is expected to hinder the growth of the global power morcellators industry during the forecast period as many laparoscopic procedures are canceled during pandemic times, owing to patient safety and a lack of healthcare infrastructure. Most laparoscopic surgeries are elective surgeries that are deemed as non-critical surgical procedures.
Regional Developments
North America led the global laparoscopic power morcellators market and is expected to garner exponential growth in the years to come. Increasing hospital visits by the patients coupled with a rise in gynecological surgical procedures conducted in the region support the regional market growth. On the other side, the regional market in the Asia Pacific is witnessing substantial growth, owing to increasing myomectomy and hysterectomy surgeries in major Asian countries such as China, India, and others. .
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Competitive Outlook
Major advancements in technology space and increasing adoption of advanced devices for laparoscopy treatment are creating positive scope for the player operating in the market. Players with higher positions in the laparoscopic power morcellators market are Karl Storz GmbH, Medtronic, Richard Wolf GmbH, Lumenis (Boston Scientific Corporation), LiNA Medical, Nouvag AG, RUDOLF Medical GmbH, and Olympus Corporation are some of the key players operating in the global power morcellators market.
Target Audience
- Supply Side: Medical Device Company
- Demand Side: Hospital, Clinic
- Regulatory Side: World Health Organization
Polaris Market Research has segmented the laparoscopic power morcellators market report on the basis of application and region:
Laparoscopic Power Morcellators, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Hysterectomy
- Myomectomy
- Others
Laparoscopic Power Morcellators, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Austria
- Netherlands
- Asia Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- South Korea
- Latin America
- Brazil
- Argentina
- Mexico
- Middle East & Africa
- Israel
- Saudi Arabia
- South Africa
- UAE
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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