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:
The laparoscopic power morcellators market involves devices that are inserted through small incisions in the abdominal area and used to cut tissue or organs into smaller pieces so they can be easily removed through the narrow incision sites. These devices consist of an electric or battery-powered outer casing that houses a rapidly oscillating or rotating inner morcellator blade. They are mainly used in gynecological procedures such as hysterectomy and myomectomy to remove fibroid tumors or uterus from the abdominal cavity. Morcellators offer several advantages over conventional morcellation performed manually using surgical instruments. They allow for more precise and controlled tissue morcellation and help reduce procedure time. With the rising prevalence of uterine fibroids and increasing adoption of minimally invasive surgeries, the demand for laparoscopic power morcellators is growing substantially.
Market Key Trends:
One of the key trends in the laparoscopic power morcellators market is the introduction of contained power morcellators. Previously, there were concerns about potential risk of internal organ or tissue damage as well as spread of undetected cancer with conventional morcellators. To address these safety issues, manufacturers have developed new contained power morcellators that allow tissue removal within a protective bag or pouch to eliminate risk of internal organ injury or cancer dissemination. These advanced contained morcellators are witnessing higher adoption. Another trend gaining traction is the integration of advanced technologies in morcellators like optics and cameras to enhance visualization during tissue extraction. This facilitates more accurate and controlled morcellation. Ongoing technological advancements are expected to further assist market growth over the forecast period.
Porter’s Analysis:
- Threat of new entrants: Low capital requirements for manufacturers pose threat of new entrants in the market.
- Bargaining power of buyers: Large number of players in the market increases bargaining power of buyers.
- Bargaining power of suppliers: Availability of substitute products increases bargaining power of suppliers.
- Threat of new substitutes: Emergence of minimally invasive procedures poses threat of substitutes.
- Competitive rivalry: Strong competition exists among the established players in the market.
Key Takeaways:
The Global Laparoscopic Power Morcellators Market Growth is expected to witness high, exhibiting CAGR of 5.3% over the forecast period, due to increasing adoption of minimally invasive procedures. The market size for 2023 is US$ 113.21 Mn.
Regional analysis: North America dominates the global Laparoscopic Power Morcellators market owing to increasing gynaecological procedures and rising female geriatric population in the US and Canada. Asia Pacific laparoscopic power morcellators market is expected to witness fastest growth over the forecast period owing to rising medical tourism and penetration of minimally invasive surgeries in countries such as India and China.
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. LiNA medical, Medtronic and Johnson and Johnson hold majority share in the global market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
