The Monopolar Laparoscopic Scissors Market is expected to reach USD 385.01 million by 2027 with a CAGR of 11.2% through the forecast period. The market growth is driven by the increased preference for laparoscopic surgeries among patients and the growing prevalence of gastrointestinal (GI) disorders.
In 2015, the United States spent USD 135.9 billion annually on healthcare expenses related to gastrointestinal (GI) disorders. One of the advantages of laparoscopic surgeries is that they result in less pain, fewer wound complications, less cutting of tissue and skin, quicker post-operative recovery, and shorter hospital stays. As a result, there is an increasing demand for laparoscopic surgeries, which is positively affecting the growth of the Monopolar Laparoscopic Scissors market.
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The Monopolar Laparoscopic Scissors market is segmented into bipolar Monopolar Laparoscopic Scissors and monopolar Monopolar Laparoscopic Scissors based on product type. The bipolar laparoscopic scissor segment is estimated to register significant growth through 2027 on account of significant safety advantages over the monopolar ones. In terms of application, the gynecological surgery segment is forecast to exhibit a growth rate of 9.9% over the forecast period due to the rise in cesarean procedures for childbirth. In terms of end-use, the hospital segment is estimated to register a CAGR of 9.7% over the analysis period due to increased preference for hospital settings, offering advanced technology for surgeries.
The Monopolar Laparoscopic Scissors market is positively impacted by the presence of multinational and domestic companies in North America, which is anticipated to be a major regional ground for the Monopolar Laparoscopic Scissors market share through 2027. However, the lack of laparoscopic surgeons, high cost of minimally invasive surgeries, and underdeveloped medical infrastructure in developing countries may negatively impact industry growth.
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Key players operating in the global laparoscopic market include B.Braun, Ethicon, Olympus, Maxer, BD, KLS Martin, Storz, Applied, Metromed, and Encision, Inc., among others. Companies are focusing on product enhancement with advanced technology, and several have received FDA clearance for their unique single-use endoscopic monopolar devices that offer precision in cutting, dissecting, and cauterizing tissues within the GI tract.
In 2020, the European Union provided relief from import duties and value-added tax on essential goods that cover medical supplies needed in the health sector to tackle the coronavirus pandemic. Encision Inc. announced on 2nd April 2019 that Vizient, Inc. has offered an Innovative Technology contract for its proprietary Shielded AEM® Laparoscopic Instruments & Monitors.
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