Laparoscopy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Laparoscopy Devices Market is segmented by Product (Energy Devices, Laparoscopes, Insufflation Devices, Handheld Instruments, Suction/Irrigation Devices, and Other Products), Application, End User, and Geography

Market Snapshot

Laparoscopy Devices Market_Image 1
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.9 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The laparoscopy devices market is expected to witness a CAGR of 7.9% during the forecast period. Certain factors that have been driving the market growth include increasing technological advancements, rising prevalence of chronic diseases, and the growing demand for minimally-invasive surgery.

  • Minimally-invasive surgeries (MIS) cause less post-operative pain, and hence, patients receive smaller dosages of pain killers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. 
  • Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. These surgeries have been gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time.
  • Few organizations, such as the American Association of Gynecologic Laparoscopists (AAGL) and the International Society of Gynecologic Endoscopy (ISGE), have been collaborating with healthcare agencies in South Africa, to create awareness about the benefits of MIS, and improve the adoption rate. 
  • Thus, owing to the benefits associated with minimally-invasive surgeries, the adoption rate has been increasing, which may further increase the overall growth of the market over the forecast period.

Scope of the Report

Laparoscopy is referred to as a type of surgery in which small incisions are made in the body, such as abdominal wall through which a laparoscope as well as other instruments can be placed to allow structures within the internal body cavity to be seen. Various probes or other instruments can also be pushed through these small incisions in the skin, thus, enabling several activities including both diagnosis and treatment.

Product
Energy Devices
Laparoscopes
Insufflation Devices
Handheld Instruments
Suction/Irrigation Devices
Other Products
Application
Bariatric Surgery
Gynecological Surgery
Colorectal Surgery
Other Applications
End User
Ambulatory Centers
Hospitals and Clinics
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Bariatric Surgery is Expected to Hold Significant Market Share in the Application Segment

According to the World Health Organization (WHO), across the world, obesity has almost increased three-fold since 1975. In the five–19 age bracket, over the same period of time, obesity has increased from less than 1% to 7%. The WHO states that most of the world's population live in countries where overweight and obesity kills more people than underweight. In 2016, around 1.9 billion adults (39%) were overweight and, among these, around 650 million (13%) were obese. Bariatric surgical procedures cause weight loss by restricting the amount of food the stomach can hold, causing malabsorption of nutrients, or by a combination of both gastric restriction and malabsorption. Laparoscopic bariatric surgery is safe in the elderly population, and it is similar between bariatric procedures.

img

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is anticipated to dominate the laparoscopy devices market, globally. The factors attributed to the high growth of the region are the increasing number of obesity, along with various chronic diseases and the growing adoption of minimally-invasive surgeries in the region. The advantages of minimally-invasive surgeries, such as less invasiveness, the quick recovery time of patients, and the low cost of treatment, have augmented the demand for laparoscopy devices in the region. Furthermore, advancements in various surgical devices from established key players, in the United States, are likely to drive the market growth in North America.

Laparoscopy Devices Market_Image 3

Competitive Landscape

The global laparoscopy devices market is highly competitive and consists of a number of major players. Companies, like B. Braun Melsungen AG, Boston Scientific Corporation, ConMed Corporation, Johnson & Johnson (Ethicon Inc.), Karl Storz GmbH & Co.KG, Medtronic PLC. (Covidien), Olympus Corporation, Richard Wolf GmbH, Smith & Nephew PLC., and Stryker Corporation, among others, hold a substantial market share in the laparoscopy devices market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Technological Advancements

      2. 4.2.2 Rising Prevalence of Chronic Diseases

      3. 4.2.3 Growing Demand for Minimally-Invasive Surgery

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Expertise in the Laparoscopic Surgeries

      2. 4.3.2 High Costs Associated with These Devices

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Energy Devices

      2. 5.1.2 Laparoscopes

      3. 5.1.3 Insufflation Devices

      4. 5.1.4 Handheld Instruments

      5. 5.1.5 Suction/Irrigation Devices

      6. 5.1.6 Other Products

    2. 5.2 Application

      1. 5.2.1 Bariatric Surgery

      2. 5.2.2 Gynecological Surgery

      3. 5.2.3 Colorectal Surgery

      4. 5.2.4 Other Applications

    3. 5.3 End User

      1. 5.3.1 Ambulatory Centers

      2. 5.3.2 Hospitals and Clinics

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 ConMed Corporation

      4. 6.1.4 Johnson & Johnson (Ethicon Inc.)

      5. 6.1.5 Karl Storz GmbH & Co.KG

      6. 6.1.6 Medtronic PLC. (Covidien)

      7. 6.1.7 Olympus Corporation

      8. 6.1.8 Richard Wolf GmbH

      9. 6.1.9 Smith & Nephew PLC

      10. 6.1.10 Stryker Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Laparoscopy Devices Market market is studied from 2018 - 2026.

The Laparoscopy Devices Market is growing at a CAGR of 7.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Johnson & Johnson (Ethicon, Inc.), Karl Storz GmbH & Co.KG, Boston Scientific Corporation, Medtronic PLC. (Covidien), Olympus Corporation are the major companies operating in Laparoscopy Devices Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!