Global Laparoscopic Instruments Market, By Product Type (Laparoscopes, Energy Devices, Insufflators, Suction/Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Laparoscopic Scissors, Laparoscopic Hooks and Accessories), Application (General Surgery, Bariatric Surgery, Gynaecological Surgery, Urological Surgery, Colorectal Surgery, Paediatric Surgery and Others), End User (Hospitals, Ambulatory Surgical Centres and Specialty Clinics) – Industry Trends and Forecast to 2029
Market Analysis and Size
Endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids are all treated with laparoscopy. Laparoscopy devices are routinely used in the diagnosis and treatment of a variety of diseases, including prostatectomy, pancreatic cancer, and gastrointestinal disorders. The use of these devices during surgical procedures ensures minimal bleeding and aids in the maintenance of hemostasis. Laparoscopy devices are preferred by both surgeons and physicians due to the high level of precision they provide in surgeries.
Data Bridge Market Research analyses that the laparoscopic instruments market is expected to reach the value of USD 23.15 billion by the year 2029, at a CAGR of 12.96% during the forecast period. The rising prevalence of chronic disorders, increased emphasis on research and development capabilities in medical devices and on the adoption of advanced healthcare technologies, an increasing geriatric population, and rising expenditure for the development of healthcare infrastructure, particularly in developing economies, are the major factors driving the growth of the laparoscopic instruments market.
Market Definition
Laparoscopy is a minimally invasive surgical procedure used to examine the organs of the abdomen. Small incisions are made through the abdominal well for laparoscopy. Laparoscopic instruments make low-risk surgical procedures possible, and as a result, the procedure is becoming increasingly popular.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Pasta & Spreads, Dips, Deserts, Sauces, Others), Packaging Type (Bottles & Jars, Tubs, Others), Distribution Channels (Store Based, Non-Store Based),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Medtronic (Ireland), B. Braun Melsungen AG (Germany), CONMED Corporation (US), Teleflex Incorporated (US), GENICON, INC. (US), Microline Surgical (US), Ackermann (Germany), Applied Medical Resources Corporation (US), Unimax medical systems inc. (Taiwan), mediflex-surgical-products (US) and Taiwan Surgical Corporation (Taiwan), Aesculap, Inc. (US), Maxer Endoscopy GmbH (Germany), HOYA Corporation (Japan), Utah Medical Products (U.S), RUDOLF Medical GmbH + Co. KG (Germany), Zhejiang GeYi Medical Instrument Co. Ltd. (China)
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Laparoscopic instruments Market Dynamics
Drivers
- The rise in the cases of gynaecological diseases
One of the major factors driving market growth is the rise in the prevalence of gynecological diseases. Another market growth determinant is an increase in the demand for minimally invasive surgical procedures, which is accompanied by an increase in technological innovations and advancements in the field of laparoscopy.
- The increase in the number of laparoscopic bariatric procedures
Rising health awareness among individuals, an increase in the number of laparoscopic bariatric procedures, an increase in the prevalence of colorectal cancer, and an increase in medical tourism are all important factors that will generate lucrative market growth opportunities.
- Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the laparoscopic instruments market.
Opportunities
Increased positive outcomes of aesthetic treatment and increased awareness of aesthetic procedures can open up new opportunities to expand the laparoscopic instruments market during the forecast period.
Restraints/Challenges
In developing and underdeveloped economies, an inefficient and unfavourable reimbursement scenario will derail market growth. Furthermore, high device or instrument costs, as well as stringent product approval regulations imposed by the government, will pose additional challenges to the market. Gaps in infrastructure support for laparoscopic procedures in developing countries, as well as a shortage of skilled professionals in backward economies, will stymie market growth.
This laparoscopic instruments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laparoscopic instruments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Laparoscopic Instruments Market
According to Indiana University researchers, healthcare visits in the United States decreased by around 40% during the first six weeks of the pandemic (from early March to mid-April). In the first half of 2020, the number of surgeries decreased by 70–80 percent. According to a study published in the Indian Journal of Surgery in June 2020, outpatient consultations and non-emergency surgeries decreased from more than 20 cases per day and 40 surgeries per month in the first half of 2020 to nearly zero cases. This has had a significant impact on healthcare revenue, as elective surgeries account for 20% of total healthcare revenue in countries such as the United States. In 2020, this had a negative impact on the surgical devices market, including the market for laparoscopic instruments.
.Recent Development
- Olympus Corporation (Japan) will release the SIF-H190 single-balloon enteroscopy solution in 2021 to reach deep into the small intestine.
- Intuitive Surgical, Inc. (US) received FDA clearance for the da Vinc X Surgical System in 2019.
- Stryker Corporation (US) purchased K2M Group in 2018 to strengthen and expand its arthroscopy and minimally invasive spine portfolios, as well as to expand its additive manufacturing capabilities.
- Ethicon (US) acquired Megadyne Medical (US) in 2017 to combine Ethicon's advanced energy devices with Megadyne's innovative portfolio of electrosurgical tools.
Global Laparoscopic Instruments Market Scope
The laparoscopic instruments market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Laparoscopes
- Energy devices
- Insufflators
- Suction/irrigation systems
- Closure devices
- Hand instruments
- Laparoscopic scissors
- Laparoscopic hooks and accessories
On the basis of product type, the laparoscopic instruments market is segmented into laparoscopes, energy devices, insufflators, suction/irrigation systems, closure devices, hand instruments, access devices, laparoscopic scissors, laparoscopic hooks and accessories. Laparoscopes are sub-segmented into video laparoscopes and fiber optic laparoscopes.
End User
- Ambulatory Surgical Centers
- Hospitals
- Speciality clinics
On the basis of end user, the laparoscopic instruments market is segmented into hospitals, ambulatory surgical centers and specialty clinics.
Target Audience
- Gynaecological surgery
- General surgery
- Colorectal surgery
- Bariatric surgery
- Paediatric surgery
- Others
On the basis of application, the laparoscopic instruments market is segmented into gynecological surgery, general surgery, urological surgery, colorectal surgery, bariatric surgery, pediatric surgery and others.
Laparoscopic Instruments Market Regional Analysis/Insights
The laparoscopic instruments market is analysed and market size insights and trends are provided by country, product type, application and end users as referenced above.
The countries covered in the laparoscopic instruments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the laparoscopic instruments market in terms of market share and revenue, and this dominance is expected to continue throughout the forecast period. This is due to increased funding for research and development activities, as well as the rising prevalence of obesity. Asia-Pacific, on the other hand, is expected to grow at the fastest rate during the forecast period, owing to rising demand for minimally invasive surgeries and an ageing population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The laparoscopic instruments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for laparoscopic instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laparoscopic instruments market. The data is available for historic period 2010-2020.
Competitive Landscape and Laparoscopic Instruments Market Share Analysis
The laparoscopic instruments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to laparoscopic instruments market.
Some of the major players operating in the laparoscopic instruments market are
- Medtronic (Ireland)
- B. Braun Melsungen AG (Germany)
- CONMED Corporation (US)
- Teleflex Incorporated (US)
- GENICON, INC. (US)
- Microline Surgical (US)
- Ackermann (Germany)
- Applied Medical Resources Corporation (US)
- Unimax medical systems inc. (Taiwan)
- Mediflex-surgical-products (US)
- Taiwan Surgical Corporation (Taiwan)
- Aesculap, Inc. (US)
- Maxer Endoscopy GmbH (Germany)
- HOYA Corporation (Japan)
- Utah Medical Products (U.S)
- RUDOLF Medical GmbH + Co. KG (Germany)
- Zhejiang GeYi Medical Instrument Co. Ltd. (China)
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