Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Industry Valued at $7.26 Billion by 2029 With CAGR of 6.4% | Size and Share Insights
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What Is the Forecast for the Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market from 2024 to 2025?
In recent years, the market size for surgical devices used in hepato-pancreatico-biliary (HPB) surgeries has seen substantial growth. The market is expected to increase from $5.25 billion in 2024 to $5.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.9%. This growth during the historic period can be attributed to several factors, including an aging population, the global expansion of healthcare infrastructure, an increase in minimally invasive surgeries, regulatory approvals and standardization, along with a rising demand for ambulatory surgical centers.
What Is the Projected Market Size of the Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market?
Expectations are high for the hepato-pancreatico-biliary (HPB) surgeries surgical devices market as it is slated for considerable expansion in the following years. The market is projected to propel to $7.26 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 6.4%. The anticipated growth over the forecast period could be a result of escalating incidences of liver and pancreas-related illnesses, an increasing trend of gallbladder issues in the younger demographic, the rise in medical tourism, a growing focus on maintaining a healthy diet and a higher prevalence of HPB disorders. Noteworthy trends for the forecast period encompass remote surgical platforms, the use of nanotechnology in surgical devices, implants tailored to individual patients, intelligent surgical instruments, and the implementation of augmented reality (AR) in planning surgical procedures.
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Who are the Major Competitors in the Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Outlook?
Major companies operating in the hepato-pancreatico-biliary (HPB) surgeries surgical devices market report are Cardinal Health Inc., Johnson & Johnson Services Ltd., General Electric Company, 3M Company, Medtronic Plc, KARL STORZ SE & Co. KG, FUJIFILM Holdings Corporation, BD CooperSurgical Inc., Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Terumo Corporation, Smith & Nephew plc, Steris Plc, W.L. Gore & Associates Inc., Cook Medical Inc., CONMED Corporation, Richard Wolf GmbH, CooperSurgical Inc., Medi-Globe GmbH, Thompson Surgical Instruments Inc., Lotus Surgicals Pvt. Ltd., Comepa Industries, Hobbs Medical Inc., TeleMed Systems Inc., Medorah Meditek Pvt. Ltd., Origio India Pvt. Ltd.
What Is Fueling Growth in the Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market?
The hepatic-pancreatic-biliary (HPB) surgical device market is anticipated to expand, driven by the surge in medical tourism. This type of tourism involves individuals traveling internationally or regionally to receive medical treatment, healthcare services, or procedures. The use of HPB surgical devices in medical tourism provides people from different countries with access to specialized, high-quality surgeries to address issues with the liver, pancreas, and bile ducts. Compared to their home countries, these surgeries are generally more affordable, utilize more cutting-edge technology, and have less waiting time. As the Centers for Medicare and Medicaid Services (CMS), a US-based federal agency, reported in December 2023, healthcare spending in the U.S. grew faster than before, increasing by 4.1% to touch $4.5 trillion in 2022, a jump from the previous year’s 3.2% increase. Moreover, hospital care services expenditure rose by 2.2% in the same year to total $1.4 trillion. Consequently, the rise in medical tourism is significantly bolstering the growth of the hepatic-pancreatic-biliary (HPB) surgery and surgical devices market.
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Which Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market Segments Are Growing the Fastest?
The hepato-pancreatico-biliary (HPB) surgeries surgical devices market covered in this report is segmented –
1) By Product: Electrosurgery Instruments, Endoscope, Hand Instruments, Access Instruments, Stents, Energy/Vessel Sealing Devices, Visualization and Robotic Surgical System, Surgical Suture and Stapler Devices, Fluid Management System
2) By Indication: Liver Cancer, Pancreatic Cancer, Gall Stones, Bile Duct Cancer, Cirrhosis, Pancreatitis, Cholecystitis
3) By End User: Hospitals, Specialty Clinics, Trauma Centers, Ambulatory Surgical Centers
Subsegments:
1) By Electrosurgery Instruments: Electrosurgical Generators, Monopolar And Bipolar Electrosurgical Devices, Electrosurgical Pencils And Accessories
2) By Endoscope: Rigid Endoscopes, Flexible Endoscopes, Laparoscopes, Video Endoscopes
3) By Hand Instruments: Scissors, Forceps, Graspers, Scalpels
4) By Access Instruments: Trocar And Cannula Systems, Access Ports, Balloon Dilators
5) By Stents: Biliary Stents, Pancreatic Stents, Drug-Eluting Stents
6) By Energy Or Vessel Sealing Devices: Ultrasonic Energy Devices, Radiofrequency Ablation Devices, Hemostatic Devices
7) By Visualization And Robotic Surgical System: Robotic Surgical Systems, High-Definition Visualization Systems, Surgical Cameras
8) By Surgical Suture And Stapler Devices: Absorbable And Non-Absorbable Sutures, Manual And Automated Staplers, Linear Staplers
9) By Fluid Management System: Fluid Warming Systems, Fluid Suction Systems, Drainage Systems
Which Industry Trends Are Shaping the Future of the Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market?
Leading firms in the HPB (Hepato-Pancreatic-Biliary) surgery surgical devices market are forging ahead with the development of new technologically advanced products such as robotic-assisted surgical staplers, with the aim of securing a strategic advantage in the industry. This particular device, used predominantly by gastrointestinal surgeons and also by surgical oncologists, bariatric surgeons, and HPB surgeons. For example, the Japan-based Olympus Corporation, reputed for its optics and reprography products, launched its latest surgical visualization platform, the VISERA ELITE III, in September 2022. The innovative system boasts a variety of imaging functions, including ultra-high-definition 4K resolution and fluorescence imaging. These features allow for meticulously accurate dissection of liver and pancreatic tissue during laparoscopic surgeries, such as laparoscopic cholecystectomy and liver resections. The resulting improvement in visualization brings about enhanced safety and efficacy in HPB surgeries.
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Which Countries Are Leading the Hepato-Pancreatico-Biliary (HPB) Surgeries Surgical Devices Market?
North America was the largest region in the hepatic-pancreatic-biliary (HPB) surgical device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hepato-pancreatico-biliary (HPB) surgeries surgical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the hepato-pancreatico-biliary (hpb) surgeries surgical devices market, and how is it changing globally?
2. Who are the major companies in the hepato-pancreatico-biliary (hpb) surgeries surgical devices market, and how are they performing?
3. What are the key opportunities and risks in the hepato-pancreatico-biliary (hpb) surgeries surgical devices market right now?
4. Which products or customer segments are growing the most in the hepato-pancreatico-biliary (hpb) surgeries surgical devices market?
5. What factors are helping or slowing down the growth of the hepato-pancreatico-biliary (hpb) surgeries surgical devices market?
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