Laparoscopes, needle drivers for suturing, trocar, bowel grasper, and surgical mesh are some of the devices used in laparoscopy. Laparoscopic entry can be performed using a closed or open technique depending upon the nature of the specific surgical procedure.

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 prevalence of gynecological disorders is expected to propel growth of the global laparoscopy devices market over the forecast period. For instance, according to International Continence Society, in 2018, 63 million people suffered from urgency urinary incontinence worldwide.

Global Laparoscopic Devices Market: Opportunities

Market players can focus on the development of a hand gesture recognition system for hand-assisted laparoscopic surgery in order to increase the efficacy of procedures.

Global Laparoscopic Devices Market: Restraints

Laparoscopic surgery requires patients to undergo a general anesthetic condition, which may lead to a sore throat after the operation or nausea. Such scenario may hinder growth of the market.

Key Takeaways:

The bariatric surgery sub-segment in therapeutic application segment in the global laparoscopic devices market was valued at US$ 3,048.7 Mn in 2018 and is expected to reach US$ 5,548.6 Mn by 2027 at a CAGR of 6.8% during the forecast period.       

According to American Society of Metabolic and Bariatric Surgery there were 228,000 number of bariatric surgeries conducted in the U.S. in 2017. Increasing need for weight loss in obese population globally is expected to support growth of the segment over the forecast period.

The hospitals sub-segment in end user segment held dominant position in the global laparoscopic devices market in 2018, accounting for 72.5% share in terms of value, followed by ambulatory surgical centers, and clinics, respectively.

Hospitals segment is expected to dominate and witness significant growth in the market over the forecast period. Majority of the patients in need of medical intervention visit hospital, wherein, they are subjected for various treatment options. In developed as well as developing economies, laparoscopic surgeries are widely utilized as treatment option in hospitals. Hence, hospital segment is expected to account major market share during the forecast period.

The ambulatory surgical centers sub-segment in end user segment is expected to account for 19.8% share in global laparoscopic devices market in 2018

Increasing demand for minimally invasive surgical techniques, for the use in ambulatory surgery, are expected to drive the ambulatory surgical centers segment growth

Market Trends

The demand for bariatric surgeries has increased significantly in the market. For instance, according to American Society for Metabolic & Bariatric Surgery’s Estimate of Bariatric Surgery Numbers, 2011-2018, 252,000 bariatric procedures were performed in 2018, compared to 228, 000 in 2017, in the U.S.

The market in Asia Pacific is witnessing increasing demand for laparoscopic devices due to growing geriatric population in the region. For instance, according to The United Nations Economic and Social Commission for Asia and the Pacific, over a third of the population in Asia Pacific is expected to be 60 years or older by 2050.

Regulations

Europe

  • Health Trust Europe (HTE) has reinvigorated the framework agreement for 4 years – December 1, 2012 to November 30 2016 – for laparoscopic procedures. HTC offers both endo-mechanical and energy devices used in laparoscopic procedures for the interventional diagnosis and treatment of conditions in general and bariatric surgery, as well as gastrointestinal health, gynecology and surgical oncology.
  • EU commission guidance, Medical Device Expert Group (MDEG), Notified Body Operations Group (NBOG), and BSI (British Standard Institution) play an active role in evaluating, assessing and modifying the regulations for medical devices.

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

  • In October 2019, Northgate Technologies, Inc.’s NEBULAE I System, High-flow Laparoscopic Insufflator, received an Innovative Technology contract from Vizient, Inc.
  • In October 2019, Biom’up SA received approval for its HEMOBLAST Bellows – a hemostatic product to control bleeding in a broad range of open and minimally invasive surgical procedures including laparoscopy for multiple specialties such as cardiac, general, and orthopedic surgery, from the Australian TGA regulatory authority

Segmentation

  • 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
    • Gynaecological Surgery
    • Urological Surgery
  • By End User
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
  • By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East
    • Africa
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