April 23, 2024
Laparoscopic Power Morcellators Market

Laparoscopic Power Morcellators is Estimated to Witness High Growth Owing to Technological Advancements in Minimally Invasive Surgical Procedures

Laparoscopic power morcellators are medical devices used to cut tissue or organs into smaller pieces for removal during minimally invasive surgical procedures such as hysterectomies and myomectomies. The advantages of using laparoscopic power morcellators over conventional procedures include reduced blood loss, fewer cuts, shorter hospital stays, and faster recovery times. With growing awareness about the advantages of minimally invasive surgeries, the demand for laparoscopic power morcellators is increasing significantly.

The Global Laparoscopic Power Morcellators Market is estimated to be valued at US$ 130.42 Mn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Laparoscopic Power Morcellators are Schneider Electric SE, Eaton Corporation PLC, ABB Ltd., Huawei Technologies Co. Ltd., EnerSys, Cummins Inc., Delta Electronics Inc., Myers Power Products Inc., Efore, and Vertiv Co.

The key opportunities in the Laparoscopic Power Morcellators Market Size include growing preference for minimally invasive surgeries, increasing incidence of hysterectomies and myomectomies, and technological advancements.

Technological advancements such as the development of single-access morcellators reducing the number of laparoscopic access ports from four to one, wireless morcellators eliminating cords and wires within the surgical cavity for enhanced flexibility, and vessel sealing technology reducing the blood loss associated with morcellation are expected to boost the adoption of laparoscopic power morcellators.

Market drivers
Rising geriatric population susceptible to medical conditions requiring surgical interventions and growing awareness about the advantages of minimally invasive procedures over conventional open surgeries are expected to be the major market drivers. The preference for shorter recovery times, reduced pain and scarring associated with minimally invasive laparoscopic procedures is increasing significantly. This is expected to propel the demand for laparoscopic power morcellators during the forecast period.

Current challenges in Laparoscopic Power Morcellators Market:
The Laparoscopic Power Morcellators Market is currently facing challenges due to safety concerns regarding morcellators used for hysterectomies. The power morcellators are known to spread occult cancerous tissue in the abdomen during morcellation process, which increases the risk of abdominal cancer. Additionally, lack of skilled laparoscopic surgeons who can perform complex procedures including hysterectomy is another challenge for market growth. Moreover, higher costs associated with laparoscopic surgeries compared to open abdominal procedures makes it inaccessible for some patients.

SWOT Analysis
Strength: Laparoscopic morcellators provide minimal invasiveness and faster recovery compared to open abdominal procedures. They enable surgeons to morcellate and remove larger tissue specimens.
Weakness: Safety concerns regarding risk of intraperitoneal cancer spread during morcellation of occult cancerous tissue. Require advanced laparoscopic skills.
Opportunity: Growing adoption of minimally invasive procedures worldwide. Development of new containment bag techniques to overcome safety issues.
Threats: Shift towards open surgeries due to safety issues. Slow expansion of trained laparoscopic surgeons.

The United States accounts for the largest share in laparoscopic power morcellators market in terms of value due to developed healthcare infrastructure, rising number of laparoscopic surgeries and presence of major players. China is expected to grow at fastest pace during the forecast period owing to increasing healthcare investments, improving accessibility and adoption of advanced medical technologies.

The European region also holds significant share in laparoscopic power morcellators market. This is attributed to growing geriatric population undergoing hysterectomy and other procedures along with developed healthcare systems in countries like Germany, United Kingdom and France. The Asia Pacific region excluding China shows lucrative growth opportunities for players due to improving healthcare spending, training of surgeons and rise in medical tourism from countries like India and Malaysia.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it