Global Single Incision Laparoscopic Surgery Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Upon inspection of Single incision Laparoscopic Surgery reveals a groundbreaking surgical technique that allows surgeons the ability for intricate surgeries through a single small incision typically placed in a discreet location like the navel area. The main highlights of SILS involve invasiveness which leads reduced recovery time and lower post operative discomfort when compared with conventional approaches. SILS is widely utilized in surgeries such, as gallbladder removals appendectomies hernia repairs and sleeve gastrectomies.
Market Key Insights
- The Single Incision Laparoscopic Surgery market is projected to grow from $1.2 billion in 2024 to $2.3 billion in 2034. This represents a CAGR of 7%, reflecting rising demand across Cholecystectomy, Bariatric Surgery and Appendectomy.
- Johnson & Johnson, Medtronic, Olympus Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Single Incision Laparoscopic Surgery market and are expected to observe the growth CAGR of 4.5% to 6.7% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.0% to 9.7%.
- Transition like Streamlining Operations is expected to add $200.0 million to the Single Incision Laparoscopic Surgery market growth by 2030
- The Single Incision Laparoscopic Surgery market is set to add $1.1 billion between 2024 and 2034, with manufacturer targeting Specialty Clinics & Ambulatory Surgical Centers End-User Industry projected to gain a larger market share.
- With Demand for minimally invasive surgical procedures, and Technological advancements in medical devices, Single Incision Laparoscopic Surgery market to expand 97% between 2024 and 2034.
Opportunities in the Single Incision Laparoscopic Surgery
Emerging markets like Asia Latin America and Africa present opportunities due to the growing healthcare infrastructure and demand for less invasive surgeries such as Single Incision Laparoscopic Surgery could see substantial growth with financial backing, in these regions.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Demand for Minimally Invasive Surgical Procedures, and Increasing Prevalence of Obesity
Advancements in medical device technology have also greatly enhanced the accessibility and effectiveness of Single Incision Laparoscopic Surgery . Innovations like surgical systems and high definition cameras have also boosted precision and maneuverability during procedures leading more people, in the medical field embracing and driving the expansion of SILS techniques.
Restraint: High Cost
Opportunity: Advancements in Medical Technology and Strategic Partnerships and Collaborations
The worldwide market for Single Incision Laparoscopic Surgery shows promising growth opportunities to strategic collaborations and partnerships among medical device manufacturers and healthcare institutions or research organizations that can drive the advancement of innovative procedures, in this field and ultimately enhance the markets performance.
Challenge: Insufficient Training and Skill Gap
Supply Chain Landscape
Lucideon
Carpenter Technology
Johnson & Johnson
Covidien
Olympus Corporation
Medtronic
Cardinal Health
Hospitals
Specialty Clinics
ASCs
Lucideon
Carpenter Technology
Johnson & Johnson
Covidien
Olympus Corporation
Medtronic
Cardinal Health
Hospitals
Specialty Clinics
ASCs
Applications of Single Incision Laparoscopic Surgery in Cholecystectomy, Bariatric & Appendectomy
Single incision Laparoscopic Surgery has emerged as a widely used technology in performing Cholecystectomy procedures. The surgery primarily involves removing the gallbladder through a single incision site, usually via the umbilicus. This technique reduces the number of ports needed, thus minimizing post-operative scarring and enhancing patient recovery time. The market leader in this application is Medtronic, renowned for their innovative SILS products that consistently deliver effective and minimally invasive surgical results.
Another common application for SILS is Appendectomy. This technique involves the removal of the appendix through a solitary cut in the abdomen. The appeal of Single incision Laparoscopic Surgery in this scenario lies in its ability to provide the same precision as traditional laparoscopic surgery with significantly less scarring. Ethicon, a subsidiary of Johnson & Johnson, is a dominant player in this sphere, leveraging its broad portfolio of advanced laparoscopic tools to strengthen its market position.
Utilizing Single incision Laparoscopic Surgery in Bariatric procedures is another popular application. In this context, SILS enables weight loss surgeries such as sleeve gastrectomy and gastric bypass to be performed through a single incision site, reducing post-operative pain and speeding up recovery time.
Recent Developments
Johnson & Johnson announced a new surgical platform designed to improve patient outcomes in single incision laparoscopic surgery
Medtronic revolutionized SILS with its advanced robotics technology integrating AI for precision and efficiency
Olympus Corporation unveiled a high-tech 3D imaging solution aimed at minimizing surgical errors during single incision laparoscopic surgery.