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What fueled the previous growth in the suture laparoscopic forceps market?

Recent years have seen a robust growth in the market size of suture laparoscopic forceps. From 2024 to 2025, it’s projected to expand from $2.26 billion to $2.41 billion, indicating a compound annual growth rate (CAGR) of 6.6%. Various factors have contributed to the growth recorded in the historic period, including the rise in laparoscopic surgeries, increased demand for these surgeries, adoption of the procedures in higher frequency, spike in overall surgical numbers and escalating demand for minimally invasive procedures.

What will be the suture laparoscopic forceps market size in the future?

The suture laparoscopic forceps market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to an increase in preference for minimally invasive surgeries among healthcare professionals and patients, increasing demand for suture laparoscopic forceps, increasing consumer awareness, increase in the incidence of target conditions for laparoscopic surgery, increase number of minimally invasive surgical procedures. Major trends in the forecast period include innovations in the design of forceps, technological advancements, major collaborations, mergers and acquisitions, expansion of healthcare infrastructure, and a surge in outpatient surgeries.

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What main drivers are fueling expansion in the suture laparoscopic forceps market?

The escalating count of surgical procedures contributes to the expansion of the suture laparoscopic forceps market. The spiking frequency of surgeries is propelled by forward strides in medical technology such as laparoscopy, a minimally invasive method that promises quicker healing periods, minimal hospital admissions, and enhanced patient results in comparison to ordinary open surgical procedures. Suture laparoscopic forceps play a crucial role in surgeries, aiding in the precise placement and manipulation of sutures in the body thus promoting reduced tissue damage and quicker recovery. Notably, the Government of British Columbia reported that as of May 2024, a total of 365,825 surgeries, both elective and emergency, had been completed, with elective surgeries registering 24,380 more than in the same period in 2019-20. Besides, the total quantity of both elective and emergency surgeries registered an increase of 14,939 more than in 2022-23. Hence, the rising frequency of surgeries factor into the escalating suture laparoscopic forceps market growth. The suture laparoscopic forceps market is also set to grow with the increasing occurrence of chronic diseases globally. Aging populations, unhealthy lifestyles, and enhanced detection and diagnosis rates of these conditions are some of the factors driving the prevalence of chronic diseases. In managing chronic conditions, suture laparoscopic forceps find use in facilitating minimally invasive surgeries, enabling precise tissue handling, and suturing thus reducing healing time. Citing a report from the American College of Cardiology published in August 2022, all four major cardiovascular risk factors are projected to rise from 2025 to 2060 in the United States. Diabetes is predicted to witness the greatest percentage growth of 39.3%, impacting 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Additionally, substantial increases in cardiovascular disease rates are foreseen for stroke (33.8% to 15 million) and heart failure (33.4% to 13 million), closely trailed by ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million). The rising prevalence of chronic diseases, therefore, is a significant propellant of the suture laparoscopic forceps market.

What key areas define the segmentation of the global suture laparoscopic forceps market?

The suture laparoscopic forceps market covered in this report is segmented –

1) By Product Type: Reusable Forceps, Disposable Forceps

2) By Material: Stainless Steel, Titanium

3) By Length: Short, Long

4) By Applications: Laparoscopic, Surgery, Other Applications

5) By End-User: Adults, Pediatrics

Subsegments:

1) By Reusable Forceps: Standard Reusable Forceps, Scissor-Type Reusable Forceps, Needle Holder Reusable Forceps, Grasping Reusable Forceps, Surgical Reusable Forceps

2) By Disposable Forceps: Standard Disposable Forceps, Scissor-Type Disposable Forceps, Needle Holder Disposable Forceps, Grasping Disposable Forceps, Surgical Disposable Forceps

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Who are the key firms paving the way for growth in the suture laparoscopic forceps market?

Major companies operating in the suture laparoscopic forceps market are Johnson & Johnson, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, B. Braun Medical Ltd, Teleflex Incorporated, ConMed Corporation, Applied Medical Resources Corporation, Ackermann Instrumente GmbH, Zhejiang Geyi Medical Instrument Co. Ltd, Sklar Instruments, Purple Surgical International Ltd., Mediflex, Microline Surgical Inc., LaproSurge Ltd., Maxer Endoscopy GmbH, Victor Medical Instruments Co. Ltd., Hospiinz International, Grena Ltd.

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Which regions are emerging as leaders in the suture laparoscopic forceps market?

North America was the largest region in the suture laparoscopic forceps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the suture laparoscopic forceps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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