Laparoscopic Devices Market - Forecast(2024 - 2030)

Report Code: HCR 98449 Report Format: PDF + Excel

Laparoscopic Devices Market Overview

Laparoscopic Devices market size is forecast to reach $19.7 billion by 2026, growing at a CAGR of 11.2% during the forecast period 2021-2026. Laparoscopy is also called as diagnostic laparoscopy which is a surgical procedure done in the abdomen or pelvis by minor incisions with the assistance of a camera. 

Laparoscopy is commonly preferred for surgery involving the pancreas, stomach, intestine, and bile duct. Laparoscopy is also used to treat endometriosis, ectopic pregnancies, pelvic inflammatory disorder (PID), cysts, and fibroids. In comparison to conventional open surgery, which requires significant discomfort and complications to the patient, this procedure helps surgeons to work through narrower incisions with greater protection. 

Laparoscopic devices includes various instruments such as Bowel grasper, Knot pushers, electrosurgical cables, laparoscopes, insufflation devices and others. Rising prevalence of colorectal cancer and obesity across the globe are the major factors driving the growth of the market. Growing research & development activities improving healthcare facilities is set to further enhance the overall market development of the Laparoscopic Devices Market for the period 2021-2026.

Report Coverage

The report: “Laparoscopic Devices Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Laparoscopic Devices Market.
By Product: Laparoscopes, Energy Devices, Insufflation Devices, Hand Instruments, Irrigation Devices, Others
By Application: General Surgery, Gynecological Surgery, Bariatric Surgery, Colorectal Surgery, Others
By End-User: Hospitals & Clinics, Ambulatory Centers, Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways                                           

  • North America dominated the Laparoscopic Devices Market in 2020 owing to the wide availability of advanced technologies and favourable reimbursement policies. The Laparoscopic Devices Market scope for different regions will be provided in the final report.
  • Increasing healthcare expenditure and technological advancement along with the new innovations are likely to aid the market growth of the Laparoscopic Devices Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Laparoscopic Devices Market report.
  • Lack of skilled and trained healthcare professionals and high cost of devices is poised to create the hurdles for the Laparoscopic Devices Market.

Laparoscopic Devices Market Revenue Share, By Geography, 2020(%)

Laparoscopic Devices Market

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Laparoscopic Devices Market Segment Analysis – By Product

The Laparoscopes segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 12.1% during the forecast period 2020-2025. Laparoscopes instruments are used during surgical diagnostic procedure. It is designed for surgical use and it is connected with high-intensity light and high-resolution monitor. There are many laparoscopes instrument such as Bowel grasper, Knot pushers, electrosurgical cables, suction and others. These instruments are reusable, reposable and single use also. Laparoscopes instruments offer benefits such as it is convenient and easy to use. Laparoscopes are estimated to register the higher CAGR over the period 2021-2026.

Laparoscopic Devices Market Segment Analysis – By Application

Bariatric Surgery held the largest share in the Laparoscopic Devices Market in 2020 and is estimated to grow at a CAGR 11.6% during the forecast period 2021-2026. Increasing prevalence of obesity across the globe has increases the growth of this segment. Weight reduction is achieved by bariatric surgery by limiting the amount of food that the stomach can hold, causing caloric malabsorption, or a mixture of both gastric restriction and malabsorption. Laparoscopic bariatric surgery is suitable for the aged, and it is comparable to most bariatric operations. Bariatric Surgery are estimated to register the higher CAGR over the period 2021-2026.

Laparoscopic Devices Market Segment Analysis – By Geography

North America dominated the Laparoscopic Devices Market with a major share of 36.2% in 2020. This is attributed to rising number obesed people coupled with  high purchasing capacity, Extensive availability of advanced technology, improved repayment strategies and high adoption of minimally invasive procedures trends for diagnosis and treatment of various disease such as chronic diseases and others is also increasing the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the development of health infrastructures and increasing awareness of health care. Increasing awareness of minimally invasive procedures is also contributing to the growth in this region.

Laparoscopic Devices Market Drivers

Increasing Demand For Minimally Invasive Procedures

Increasing demand for minimally invasive procedures is increasing the growth of the Laparoscopic Devices Market. This is attributed to the development of the technologically advanced devices with extended longevity. Laparoscopic operations are less invasive and save money on pre- and post-operative treatment as well as patient duration of stay. Patients benefit from reduced blood loss, less postoperative complications, and a faster healing period as a result of these operations. Furthermore, in some countries, health care companies are gradually covering minimally invasive surgery. Thus, further contributing to the growth of Laparoscopic Devices Market during the forecast period 2021-2026.

Technological Advancements

Technological advancements is increasing the growth of the Laparoscopic Devices Market. Technological advancements has enabled the manufacturers to develop instruments that reduces technical difficulty. Increasing advancements in Laparoscopic Devices has provided an opportunity for development of automation of instruments and improvement of instruments. Thus, increasing the growth of the Laparoscopic Devices Market during the forecast period 2021-2026.

Laparoscopic Devices Market Challenges

Lack of Skilled and Trained Healthcare Professionals

Factors which restrain the growth of the Laparoscopic Devices Market are lack of skilled and trained healthcare professionals. High cost of Laparoscopic Devices, lack of compensation policy, and high initial investment is also set to hinder the growth of the market.

Laparoscopic Devices Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Laparoscopic Devices Market. In 2020, the Laparoscopic Devices Market share is consolidated by the top ten players present in the market. The Laparoscopic DevicesMarket, top 10 companies are Stryker Corporation, Olympus Corporation, Johnson & Johnson, Medtronic PLC., Boston Scientific Corporation, Karl Storz GmbH & Co.KG, ConMed Corporation, Smith & Nephew PLC, Cook Medical, and Optomic

Relevant Titles:

Report Code: HCR 0010

Report Code: HCR 1228

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1. Laparoscopic Devices Market - Overview
    1.1 Definitions and Scope
2. Laparoscopic Devices Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Product
    2.3 Key trends by Application
    2.4 Key trends by End-User
    2.5 Key trends by Geography
3. Laparoscopic Devices Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis –
    3.5 Pricing Analysis
4. Laparoscopic Devices Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Laparoscopic Devices Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Laparoscopic Devices Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Laparoscopic Devices Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Laparoscopic Devices Market – By Product (Market Size –$Million/$Billion)
    8.1 Laparoscopes,
    8.2 Energy Devices
    8.3 Insufflation Devices
    8.4 Hand Instruments
    8.5 Irrigation Devices
    8.6 Others
9. Laparoscopic Devices Market - By Application (Market Size –$Million/$Billion
    9.1 General Surgery
    9.2 Gynecological Surgery
    9.3 Bariatric Surgery
    9.4 Colorectal Surgery
    9.5 Others
10. Laparoscopic Devices Market - By End-User(Market Size –$Million/$Billion
    10.1 Hospitals & Clinics
    10.2 Ambulatory Centers
    10.3 Others
11. Laparoscopic Devices Market - By Geography(Market Size –$Million/$Billion
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Laparoscopic Devices Market - Entropy
13. Laparoscopic Devices Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Laparoscopic Devices Market – Key Company List by Country Premium Premium
15. Laparoscopic Devices Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”. 

LIST OF TABLES

1.Global Laparoscopic Devices Market:Segment Analysis, by Product, Market 2019-2024 ($M)
1.1 Laparoscopic devices share market analysis, Market 2019-2024 ($M) - Global Industry Research
1.2 Segment Dashboard Market 2019-2024 ($M) - Global Industry Research
2.Global Laparoscopic Devices Market Competitive Landscape Market 2019-2024 ($M)
2.1 Company/Competition Categorization Market 2019-2024 ($M) - Global Industry Research
2.1.1 List of key distributors and channel partners Market 2019-2024 ($M)
2.1.2 Key customers Market 2019-2024 ($M)
2.1.3 Key company market share analysis, Market 2019-2024 ($M)
2.2 Public Companies Market 2019-2024 ($M) - Global Industry Research
2.3 Private Companies Market 2019-2024 ($M) - Global Industry Research
2.3.1 List of key emerging companies/ technology disruptors/ innovators Market 2019-2024 ($M)
2.4 Key Companies Profiled Market 2019-2024 ($M) - Global Industry Research
2.4.1 Stryker Market 2019-2024 ($M)
2.4.2 Medtronic Market 2019-2024 ($M)
2.4.3 Karl Storz GmbH, Market 2019-2024 ($M)
2.4.4 Johnson Johnson Services, Inc Market 2019-2024 ($M)
2.4.5 Olympus Corporation Market 2019-2024 ($M)
2.4.6 CONMED Corporation Market 2019-2024 ($M)
3.Global Laparoscopic Devices Market:Segment Analysis, by Product, Market 2019-2024 (Volume/Units)
3.1 Laparoscopic devices share market analysis, Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Segment Dashboard Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Laparoscopic Devices Market Competitive Landscape Market 2019-2024 (Volume/Units)
4.1 Company/Competition Categorization Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 List of key distributors and channel partners Market 2019-2024 (Volume/Units)
4.1.2 Key customers Market 2019-2024 (Volume/Units)
4.1.3 Key company market share analysis, Market 2019-2024 (Volume/Units)
4.2 Public Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Private Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.3.1 List of key emerging companies/ technology disruptors/ innovators Market 2019-2024 (Volume/Units)
4.4 Key Companies Profiled Market 2019-2024 (Volume/Units) - Global Industry Research
4.4.1 Stryker Market 2019-2024 (Volume/Units)
4.4.2 Medtronic Market 2019-2024 (Volume/Units)
4.4.3 Karl Storz GmbH, Market 2019-2024 (Volume/Units)
4.4.4 Johnson Johnson Services, Inc Market 2019-2024 (Volume/Units)
4.4.5 Olympus Corporation Market 2019-2024 (Volume/Units)
4.4.6 CONMED Corporation Market 2019-2024 (Volume/Units)
5.North America Laparoscopic Devices Market:Segment Analysis, by Product, Market 2019-2024 ($M)
5.1 Laparoscopic devices share market analysis, Market 2019-2024 ($M) - Regional Industry Research
5.2 Segment Dashboard Market 2019-2024 ($M) - Regional Industry Research
6.North America Laparoscopic Devices Market Competitive Landscape Market 2019-2024 ($M)
6.1 Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
6.1.1 List of key distributors and channel partners Market 2019-2024 ($M)
6.1.2 Key customers Market 2019-2024 ($M)
6.1.3 Key company market share analysis, Market 2019-2024 ($M)
6.2 Public Companies Market 2019-2024 ($M) - Regional Industry Research
6.3 Private Companies Market 2019-2024 ($M) - Regional Industry Research
6.3.1 List of key emerging companies/ technology disruptors/ innovators Market 2019-2024 ($M)
6.4 Key Companies Profiled Market 2019-2024 ($M) - Regional Industry Research
6.4.1 Stryker Market 2019-2024 ($M)
6.4.2 Medtronic Market 2019-2024 ($M)
6.4.3 Karl Storz GmbH, Market 2019-2024 ($M)
6.4.4 Johnson Johnson Services, Inc Market 2019-2024 ($M)
6.4.5 Olympus Corporation Market 2019-2024 ($M)
6.4.6 CONMED Corporation Market 2019-2024 ($M)
7.South America Laparoscopic Devices Market:Segment Analysis, by Product, Market 2019-2024 ($M)
7.1 Laparoscopic devices share market analysis, Market 2019-2024 ($M) - Regional Industry Research
7.2 Segment Dashboard Market 2019-2024 ($M) - Regional Industry Research
8.South America Laparoscopic Devices Market Competitive Landscape Market 2019-2024 ($M)
8.1 Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
8.1.1 List of key distributors and channel partners Market 2019-2024 ($M)
8.1.2 Key customers Market 2019-2024 ($M)
8.1.3 Key company market share analysis, Market 2019-2024 ($M)
8.2 Public Companies Market 2019-2024 ($M) - Regional Industry Research
8.3 Private Companies Market 2019-2024 ($M) - Regional Industry Research
8.3.1 List of key emerging companies/ technology disruptors/ innovators Market 2019-2024 ($M)
8.4 Key Companies Profiled Market 2019-2024 ($M) - Regional Industry Research
8.4.1 Stryker Market 2019-2024 ($M)
8.4.2 Medtronic Market 2019-2024 ($M)
8.4.3 Karl Storz GmbH, Market 2019-2024 ($M)
8.4.4 Johnson Johnson Services, Inc Market 2019-2024 ($M)
8.4.5 Olympus Corporation Market 2019-2024 ($M)
8.4.6 CONMED Corporation Market 2019-2024 ($M)
9.Europe Laparoscopic Devices Market:Segment Analysis, by Product, Market 2019-2024 ($M)
9.1 Laparoscopic devices share market analysis, Market 2019-2024 ($M) - Regional Industry Research
9.2 Segment Dashboard Market 2019-2024 ($M) - Regional Industry Research
10.Europe Laparoscopic Devices Market Competitive Landscape Market 2019-2024 ($M)
10.1 Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
10.1.1 List of key distributors and channel partners Market 2019-2024 ($M)
10.1.2 Key customers Market 2019-2024 ($M)
10.1.3 Key company market share analysis, Market 2019-2024 ($M)
10.2 Public Companies Market 2019-2024 ($M) - Regional Industry Research
10.3 Private Companies Market 2019-2024 ($M) - Regional Industry Research
10.3.1 List of key emerging companies/ technology disruptors/ innovators Market 2019-2024 ($M)
10.4 Key Companies Profiled Market 2019-2024 ($M) - Regional Industry Research
10.4.1 Stryker Market 2019-2024 ($M)
10.4.2 Medtronic Market 2019-2024 ($M)
10.4.3 Karl Storz GmbH, Market 2019-2024 ($M)
10.4.4 Johnson Johnson Services, Inc Market 2019-2024 ($M)
10.4.5 Olympus Corporation Market 2019-2024 ($M)
10.4.6 CONMED Corporation Market 2019-2024 ($M)
11.APAC Laparoscopic Devices Market:Segment Analysis, by Product, Market 2019-2024 ($M)
11.1 Laparoscopic devices share market analysis, Market 2019-2024 ($M) - Regional Industry Research
11.2 Segment Dashboard Market 2019-2024 ($M) - Regional Industry Research
12.APAC Laparoscopic Devices Market Competitive Landscape Market 2019-2024 ($M)
12.1 Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
12.1.1 List of key distributors and channel partners Market 2019-2024 ($M)
12.1.2 Key customers Market 2019-2024 ($M)
12.1.3 Key company market share analysis, Market 2019-2024 ($M)
12.2 Public Companies Market 2019-2024 ($M) - Regional Industry Research
12.3 Private Companies Market 2019-2024 ($M) - Regional Industry Research
12.3.1 List of key emerging companies/ technology disruptors/ innovators Market 2019-2024 ($M)
12.4 Key Companies Profiled Market 2019-2024 ($M) - Regional Industry Research
12.4.1 Stryker Market 2019-2024 ($M)
12.4.2 Medtronic Market 2019-2024 ($M)
12.4.3 Karl Storz GmbH, Market 2019-2024 ($M)
12.4.4 Johnson Johnson Services, Inc Market 2019-2024 ($M)
12.4.5 Olympus Corporation Market 2019-2024 ($M)
12.4.6 CONMED Corporation Market 2019-2024 ($M)
13.MENA Laparoscopic Devices Market:Segment Analysis, by Product, Market 2019-2024 ($M)
13.1 Laparoscopic devices share market analysis, Market 2019-2024 ($M) - Regional Industry Research
13.2 Segment Dashboard Market 2019-2024 ($M) - Regional Industry Research
14.MENA Laparoscopic Devices Market Competitive Landscape Market 2019-2024 ($M)
14.1 Company/Competition Categorization Market 2019-2024 ($M) - Regional Industry Research
14.1.1 List of key distributors and channel partners Market 2019-2024 ($M)
14.1.2 Key customers Market 2019-2024 ($M)
14.1.3 Key company market share analysis, Market 2019-2024 ($M)
14.2 Public Companies Market 2019-2024 ($M) - Regional Industry Research
14.3 Private Companies Market 2019-2024 ($M) - Regional Industry Research
14.3.1 List of key emerging companies/ technology disruptors/ innovators Market 2019-2024 ($M)
14.4 Key Companies Profiled Market 2019-2024 ($M) - Regional Industry Research
14.4.1 Stryker Market 2019-2024 ($M)
14.4.2 Medtronic Market 2019-2024 ($M)
14.4.3 Karl Storz GmbH, Market 2019-2024 ($M)
14.4.4 Johnson Johnson Services, Inc Market 2019-2024 ($M)
14.4.5 Olympus Corporation Market 2019-2024 ($M)
14.4.6 CONMED Corporation Market 2019-2024 ($M)

LIST OF FIGURES

1.US Laparoscopic Devices Market Revenue, 2019-2024 ($M)
2.Canada Laparoscopic Devices Market Revenue, 2019-2024 ($M)
3.Mexico Laparoscopic Devices Market Revenue, 2019-2024 ($M)
4.Brazil Laparoscopic Devices Market Revenue, 2019-2024 ($M)
5.Argentina Laparoscopic Devices Market Revenue, 2019-2024 ($M)
6.Peru Laparoscopic Devices Market Revenue, 2019-2024 ($M)
7.Colombia Laparoscopic Devices Market Revenue, 2019-2024 ($M)
8.Chile Laparoscopic Devices Market Revenue, 2019-2024 ($M)
9.Rest of South America Laparoscopic Devices Market Revenue, 2019-2024 ($M)
10.UK Laparoscopic Devices Market Revenue, 2019-2024 ($M)
11.Germany Laparoscopic Devices Market Revenue, 2019-2024 ($M)
12.France Laparoscopic Devices Market Revenue, 2019-2024 ($M)
13.Italy Laparoscopic Devices Market Revenue, 2019-2024 ($M)
14.Spain Laparoscopic Devices Market Revenue, 2019-2024 ($M)
15.Rest of Europe Laparoscopic Devices Market Revenue, 2019-2024 ($M)
16.China Laparoscopic Devices Market Revenue, 2019-2024 ($M)
17.India Laparoscopic Devices Market Revenue, 2019-2024 ($M)
18.Japan Laparoscopic Devices Market Revenue, 2019-2024 ($M)
19.South Korea Laparoscopic Devices Market Revenue, 2019-2024 ($M)
20.South Africa Laparoscopic Devices Market Revenue, 2019-2024 ($M)
21.North America Laparoscopic Devices By Application
22.South America Laparoscopic Devices By Application
23.Europe Laparoscopic Devices By Application
24.APAC Laparoscopic Devices By Application
25.MENA Laparoscopic Devices By Application