Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Laparoscopic Devices Market – Insights

Laparoscopy is a minimally invasive surgical technique performed through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to maneuver special laparoscopic devices to the target area and carry out the surgery. This technique is mainly preferred for carrying out surgeries related to the pancreas, liver, colon and bile duct.

Statistics:

The global laparoscopic devices market is estimated to account for US$ 10,150.2 Mn in terms of value in 2019 and is expected to account for US$ 16,854.3 Mn by the end of 2027.

Global Laparoscopic Devices Market: Drivers

Increasing demand for minimally invasive medical procedures and the growing efficiency of laparoscopic procedures is expected to boost growth of the global laparoscopy devices market over the forecast period. Laparoscopic surgery uses long-pencil-like instruments that fit through small cuts in the abdominal wall instead of large incisions required during open operations.

Moreover, increasing prevalence of colorectal cancer is also expected to boost growth of the global laparoscopy devices market. For instance, according to World Cancer Research Fund, colorectal cancer is the third most commonly occurring cancer in men and the second most commonly occurring cancer in women. There were over 1.8 million new cases in 2018.

North America region held dominant position in the global laparoscopic devices market in 2019, accounting for 31.5% share in terms of value, followed by Europe.

Laparoscopic Devices  | Coherent Market Insights

Global Laparoscopic Devices Market: Restraints

High cost of laparoscopic devices is expected to hamper growth of the global laparoscopic devices market over the forecast period. Compared to conventional laparoscopic surgical procedures, the cost of laparoscopic surgery using robotic-assisted devices may increase by US$ 1,600. Robotic-assisted laparoscopic surgeries are more expensive than conventional laparoscopic surgeries and open surgical methods. The expanses may range from US$ 1 Mn to US$ 2.5 Mn for each unit.

Moreover, lack of skilled laparoscopic surgeons is also expected to hinder growth of the market. If not performed cautiously, some injuries can occur during trocar placement such as abdominal wall hematoma, large bowel penetration, blood vessel penetration, and umbilical wound infection.

Global Laparoscopic Devices Market: Opportunities

Increasing prevalence of obesity is expected to offer lucrative growth opportunities for players in the global laparoscopic devices market. For instance, according to MedAlertHelp.org, over 1.9 billion adults were reported as overweight worldwide.

Moreover, increasing healthcare expenditure is also expected to boost growth of the market over the forecast period. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.

Laparoscopic Devices  | Coherent Market Insights

Direct energy system devices sub segment in product type segment of the global laparoscopic devices market was valued at US$ 3,029.1 Mn in 2018 and is expected to reach US$ 5,886.1 by 2027 at a CAGR of 7.6% during the forecast period.

Market Trends/Key Takeaways

Micro-laparoscopy is a new technique used in laparoscopic surgeries in which conventional laparoscopic instruments (sized 10–12 mm) are being replaced by newly developed laparoscopic instruments of sizes less than 3 mm. Micro-laparoscopes eliminates the need for single-site incisions and enable surgeons to perform surgeries with only a needle stick, which reduces post-operative pain for patients.

The adoption of single-site incision surgery has increased significantly compared to conventional methods of laparoscopic procedures in which four to five small incisions are made as the entry point for laparoscopic instruments. Single-site incision laparoscopic procedures offer various benefits such as low chances of infections, better cosmetic results, quick recovery, and less post-operative pain.

Regulations:

North America

  • According to the U.S. FDA, laparoscopic devices fall under class-I category of medical devices. Limitations of laparoscopic device exemptions are covered under Code for Regulations Title 21, parts 862–892.
  • According to the U.S. FDA, laparoscopic devices are not eligible for third-party review and do not fall under life-sustain/supportive device type

Laparoscopic Devices  | Coherent Market Insights

Global Laparoscopic Devices Market: Competitive Landscape

Major players operating in the global laparoscopic devices market include, Olympus Corporation, B. Braun Melsungen AG, Intuitive Surgical Inc., Medtronic plc., Stryker Corporation, Smith & Nephew Plc., CareFusion Corporation, Ethicon US, LLC, KARL STORZ GmbH & Co. KG, Richard Wolf GmbH, Endocontrol SA, Gordian Surgical Ltd., 270Surgical Ltd., and Tekno-Medical Optik Surgery GmbH.

Global Laparoscopic Devices Market: Key Developments

Key players in the market are focused on product approval and launch to expand their product portfolio. For instance, in November 2019, 270Surgical Ltd. announced U.S. Food and Drug Administration (FDA) 510(k) clearance of its SurroundScope System, the first laparoscopic camera system to offer up to 270-degree field-of-view (FoV).

Key players in the market are focused on raising funds for commercialization of their products. For instance, in October 2019, Gordian Surgical Ltd. raised US$ 3 million for commercialization of its TroClose 1200 access-closure system for laparoscopic surgery.

Laparoscopy is a minimally-invasive surgical diagnostic procedure used to examine organs inside the abdomen, which is carried out with specialized laparoscopic devices. In laparoscopy surgery, various instruments are used to perform the surgery such as laparoscope, hand access instrument, energy products, trocars/ access device, robot assisted system, insufflation devices, suction/irrigation device, and closure devices. The laparoscope is a long, thin tube with high-resolution camera at front with high-intensity light. Procedures such as hernia repairs, gastric bypass, bowel resection, and organ removal are routinely carried out laparoscopically.  

Demand for laparoscopic devices has increased significantly, due to advancement in technology in energy devices, laparoscopes, and robot assisted systems. For instance, da Vinci Surgical System developed by Intuitive Surgical, Inc., which is a combination of robotics and computer imaging that enables microsurgery in a laparoscopic environment.

Restraints of the Global Laparoscopic Devices Market

Disadvantages associated with laparoscopic devices such as, high costs is expected to restrain growth of the market up to certain extent mainly in developing economies.

Key features of the study:

  • This report provides in-depth analysis of the global laparoscopic devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global laparoscopic devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Olympus Corporation, B. Braun Melsungen AG, Intuitive Surgical Inc., Medtronic plc., Stryker Corporation, Smith & Nephew Plc., CareFusion Corporation, Ethicon US, LLC, KARL STORZ GmbH & Co. KG, Richard Wolf GmbH, Endocontrol SA, Gordian Surgical Ltd., 270Surgical Ltd., and Tekno-Medical Optik Surgery GmbH
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global laparoscopic devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  •  Global Laparoscopic Devices Market, By Product Type:
    • Direct Energy System Devices
    • Trocars/Access Device
    • Internal Closure Devices
    • Laparoscopes
    • Hand Access Instruments
    • Insufflation Devices
    • Robotic Assisted Surgical System
  • Global Laparoscopic Devices Market, By Therapeutic Application:
    • Bariatric Surgery
    • Colorectal Surgery
    • General Surgery
    • Gynecological Surgery
    • Urological Surgery
  • Global Laparoscopic Devices Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
  • Global Laparoscopic Devices Market, By Geography:
    • North America
      • By Product Type
        • Direct Energy System Devices
        • Trocars/Access Device
        • Internal Closure Devices
        • Laparoscopes
        • Hand Access Instruments
        • Insufflation Devices
        • Robotic Assisted Surgical System
      • By Therapeutic Application:
        • Bariatric Surgery
        • Colorectal Surgery
        • General Surgery
        • Gynecological Surgery
        • Urological Surgery
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Direct Energy System Devices
        • Trocars/Access Device
        • Internal Closure Devices
        • Laparoscopes
        • Hand Access Instruments
        • Insufflation Devices
        • Robotic Assisted Surgical System
      • By Therapeutic Application:
        • Bariatric Surgery
        • Colorectal Surgery
        • General Surgery
        • Gynecological Surgery
        • Urological Surgery
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Direct Energy System Devices
        • Trocars/Access Device
        • Internal Closure Devices
        • Laparoscopes
        • Hand Access Instruments
        • Insufflation Devices
        • Robotic Assisted Surgical System
      • By Therapeutic Application:
        • Bariatric Surgery
        • Colorectal Surgery
        • General Surgery
        • Gynecological Surgery
        • Urological Surgery
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Direct Energy System Devices
        • Trocars/Access Device
        • Internal Closure Devices
        • Laparoscopes
        • Hand Access Instruments
        • Insufflation Devices
        • Robotic Assisted Surgical System
      • By Therapeutic Application:
        • Bariatric Surgery
        • Colorectal Surgery
        • General Surgery
        • Gynecological Surgery
        • Urological Surgery
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product Type
        • Direct Energy System Devices
        • Trocars/Access Device
        • Internal Closure Devices
        • Laparoscopes
        • Hand Access Instruments
        • Insufflation Devices
        • Robotic Assisted Surgical System
      • By Therapeutic Application:
        • Bariatric Surgery
        • Colorectal Surgery
        • General Surgery
        • Gynecological Surgery
        • Urological Surgery
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Direct Energy System Devices
        • Trocars/Access Device
        • Internal Closure Devices
        • Laparoscopes
        • Hand Access Instruments
        • Insufflation Devices
        • Robotic Assisted Surgical System
      • By Therapeutic Application:
        • Bariatric Surgery
        • Colorectal Surgery
        • General Surgery
        • Gynecological Surgery
        • Urological Surgery
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Olympus Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • B. Braun Melsungen AG
    • Intuitive Surgical Inc.
    • Medtronic plc
    • Stryker Corporation
    • Smith & Nephew Plc.
    • CareFusion Corporation
    • Ethicon US
    • KARL STORZ GmbH & Co. KG
    • Richard Wolf GmbH
    • Endocontrol SA
    • Gordian Surgical Ltd.
    • 270Surgical Ltd.
    • Tekno-Medical Optik Surgery GmbH

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Therapeutic Application
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. Global Laparoscopic Devices Market, By Product Type, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Direct Energy System Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Trocars/Access Device
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Internal Closure Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Laparoscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Hand Access Instruments
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Insufflation Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Robotic Assisted Surgical System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Laparoscopic Devices Market, By Therapeutic Application, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Bariatric Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Colorectal Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • General Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Gynecological Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Urological Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  6. Global Laparoscopic Devices Market, By End User, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  7. Global Laparoscopic Devices Market, By Regions, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Olympus Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Intuitive Surgical Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medtronic plc
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Smith & Nephew Plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • CareFusion Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Ethicon US
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • KARL STORZ GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Richard Wolf GmbH
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Endocontrol SA
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Gordian Surgical Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • 270Surgical Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Tekno-Medical Optik Surgery GmbH
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 34 market data tables and 22 figures on “Laparoscopic Devices Market – Global forecast to 2027.

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