Laparoscopic Devices Market Size, Share & Growth Report 2032
Laparoscopic Devices Market Size, Share & Growth Report 2032
Segments - Laparoscopic Devices Market by Product Type (Closure Devices, Energy Systems, Hand Access Instruments, Insufflation Devices, Laparoscopes, Robot Assisted Systems, Suction/Irrigation Devices, and Trocars), Application (Bariatric Surgery, Colorectal Surgery, General Surgery, Gynecological Surgery, Urological Surgery, and Others), End-user (Hospitals, Clinic, Ambulatory Surgical Centers, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024–2032
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| Report ID :HC-6497
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Report Description
Laparoscopic Devices Market Outlook 2032
The global laparoscopic devices market size was USD 7.6 Billion in 2023 and is projected to reach USD 14.5 Billion by 2032, expanding at a CAGR of 7.5% during 2024–2032. The market growth is attributed to the increasing demand for advanced surgical technology, including laparoscopic instruments.
Increasing demand for minimally invasive surgical procedures results in high utilization of laparoscopic devices, which further boost the market. Minimally invasive procedures utilizing this technology facilitate short hospital stays and reduced risk of complications. Additionally, the growing cases of gastrointestinal disorders propel the demand for minimally invasive procedures and associated laparoscopic devices.
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According to the report published by the National Library of Medicine on September 26, 2022, approximately 40% of people across the globe experience gastrointestinal complications.
Impact of Artificial Intelligence (AI) in the Laparoscopic Devices Market
The use of artificial intelligence is likely to boost the laparoscopic devices market in the coming years. These systems leverage machine learning algorithms to analyze vast amount of data to provide personalized treatment recommendations and optimize surgical approaches. Moreover, AI algorithms assist surgeons in real-time during procedures by analyzing intraoperative data to identify anatomical structures and detect anomalies.
Laparoscopic Devices Market Dynamics
Major Drivers
High prevalence of obesity and related comorbidities is likely to fuel the market during the forecast period. Bariatric surgeries, which are often performed laparoscopically, are increasingly being utilized as an effective treatment option for obesity and related conditions. Moreover, the advancements in laparoscopic techniques and devices tailored specifically for bariatric procedures further boost their demand.
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As per the report published by the WHO on March 1, 2024, approximately one in eight people was affected by obesity in 2022.
Existing Restraints
Increasing cost of laparoscopic surgery devices is expected to hinder the market in the coming years. This technology is expensive than traditional open surgeries due to the high cost of laparoscopic equipment and instruments. Additionally, the need for specialized training and expertise in performing laparoscopic procedures adds to the overall cost, thus hampering the market.
Emerging Opportunities
Rising healthcare expenditure and investments in healthcare infrastructure globally are anticipated to create immense opportunities for the players competing in the market during the forecast period. Governments and private organizations are increasingly investing in advanced medical technologies, including laparoscopic instruments and equipment. Furthermore, advancements in laparoscopic technologies, such as robotic-assisted surgery systems, further boost their demand in the coming years.
Scope of the Laparoscopic Devices Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.
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Attributes |
Details |
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Report Title |
Laparoscopic Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017 -2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Product Type (Closure Devices, Energy Systems, Hand Access Instruments, Insufflation Devices, Laparoscopes, Robot Assisted Systems, Suction/Irrigation Devices, and Trocars), Application (Bariatric Surgery, Colorectal Surgery, General Surgery, Gynecological Surgery, Urological Surgery, and Others), and End-user (Hospitals, Clinic, Ambulatory Surgical Centers, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Aspen Surgical; B. Braun SE; BD; Cook Medical; CooperSurgical Inc.; Genesis Medtech; Integra LifeSciences; Johnson & Johnson, Inc; KLS Martin Group; Medtronic; Olympus America; Richard Wolf GmbH; Smith+Nephew; Teleflex Incorporated; and Thompson Surgical |
Regional Outlook
In terms of region, the global laparoscopic devices market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America held a major market share in 2023, due to the availability of a large pool of skilled healthcare professionals proficient in laparoscopic surgery techniques across the region. Moreover, the rising incidence of chronic diseases in North America facilitate the adoption of advanced medical technologies, including laparoscopic devices across the region.
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According to the report released by the Centers for Disease Control and Prevention on May 8, 2023, six out of ten US-citizens live with at least one chronic disease.
The market in Asia Pacific is projected to grow at a significant pace in the coming years, owing to the increasing healthcare investments in the region. Countries such as China, India, and Japan are heavily investing in the healthcare sector to improve healthcare infrastructure and expand access to medical services by adopting laparoscopic devices. Additionally, increasing disposable incomes and changing lifestyles further boost the demand for advanced medical treatments, including laparoscopic procedures, across Asia Pacific.
Laparoscopic Devices Market Segment Insights
Product Type Segment Analysis
Based on product type, the laparoscopic devices market is divided into closure devices, energy systems, hand access instruments, insufflation devices, laparoscopes, robot assisted systems, suction/irrigation devices, and trocars. The laparoscopes segment held a major share of the market in 2023, as they are essential tools used for visualization during minimally invasive surgeries.
Laparoscopes allow surgeons to perform procedures with precision and accuracy while reducing postoperative pain. Additionally, the availability of a wide range of laparoscope models catering to different surgical specialties and procedures further fuels the segment.
The robot assisted systems segment is expected to expand at a significant growth rate in the coming years, owing to the growing demand for robot-assisted systems in surgical practice. These systems offer several advantages over traditional laparoscopic techniques, including enhanced precision, dexterity, and control. Additionally, ongoing research and development efforts aimed at enhancing the capabilities and functionalities of robot-assisted systems are anticipated to boost their demand across healthcare sector in the coming years.
Application Segment Analysis
On the basis of application, the global market is segregated into bariatric surgery, colorectal surgery, general surgery, gynecological surgery, urological surgery, and others. The gynecological surgery segment held a large market share in 2023, due to the increasing demand for laparoscopic gynecological procedures across the globe.
The minimally invasive nature of laparoscopic gynecological procedures offers reduced postoperative pain and fast recovery times. Moreover, the increasing prevalence of gynecological conditions requiring surgical intervention propels the demand for laparoscopic devices in gynecological surgery.
The bariatric surgery segment is anticipated to expand at a substantial CAGR during the forecast period, owing to the growing demand for laparoscopically gastric bypass and sleeve gastrectomy. Additionally, technological advancements in laparoscopic instruments tailored specifically for bariatric procedures fuel the adoption of laparoscopic devices, boosting the segment.
End-user Segment Analysis
Based on end-user, the laparoscopic devices market is segmented into hospitals, clinic, ambulatory surgical centers, and others. The ambulatory surgical centers (ASCs) segment is projected to register a robust growth rate during the assessment years. ASCs are outpatient facilities that specialize in performing same-day surgical procedures, including minimally invasive surgeries such as laparoscopic procedures. Moreover, the growing trend towards outpatient surgeries further facilitates the demand for laparoscopic devices in ASCs, driving the segment.
Segments
The laparoscopic devices market has been segmented on the basis of
Product Type
- Closure Devices
- Energy Systems
- Hand Access Instruments
- Insufflation Devices
- Laparoscopes
- Robot Assisted Systems
- Suction/Irrigation Devices
- Trocars
Application
- Bariatric Surgery
- Colorectal Surgery
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Others
End-User
- Hospitals
- Clinic
- Ambulatory Surgical Centers
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Aspen Surgical
- B. Braun SE
- BD
- Cook Medical
- CooperSurgical Inc.
- Genesis Medtech
- Integra LifeSciences
- Johnson & Johnson, Inc
- KLS Martin Group
- Medtronic
- Olympus America
- Richard Wolf GmbH
- Smith+Nephew
- Teleflex Incorporated
- Thompson Surgical
Competitive Landscape
Key players competing in the global laparoscopic devices market are Aspen Surgical; B. Braun SE; BD; Cook Medical; CooperSurgical Inc.; Genesis Medtech; Integra LifeSciences; Johnson & Johnson, Inc; KLS Martin Group; Medtronic; Olympus America; Richard Wolf GmbH; Smith+Nephew; Teleflex Incorporated; and Thompson Surgical
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. For instance,
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On April 28, 2021, Genesis Medtech, a prominent healthcare technology provider, unveiled its latest laparoscopic technology in China and Singapore. Its ArtiSential products comprise a line of articulating laparoscopic instruments designed to provide users with full articulation and wristed motion capabilities during laparoscopic surgery.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Laparoscopic Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laparoscopic Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laparoscopic Devices Market - Supply Chain
4.5. Global Laparoscopic Devices Market Forecast
4.5.1. Laparoscopic Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laparoscopic Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Laparoscopic Devices Market Absolute $ Opportunity
5. Global Laparoscopic Devices Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Laparoscopic Devices Market Size and Volume Forecast by Applications
5.3.1. Bariatric Surgery
5.3.2. Colorectal Surgery
5.3.3. General Surgery
5.3.4. Gynecological Surgery
5.3.5. Urological Surgery
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Laparoscopic Devices Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Laparoscopic Devices Market Size and Volume Forecast by End Users
6.3.1. Hospitals
6.3.2. Clinic
6.3.3. Ambulatory Surgical Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Laparoscopic Devices Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Laparoscopic Devices Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Laparoscopic Devices Demand Share Forecast, 2019-2026
8. North America Laparoscopic Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Laparoscopic Devices Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Laparoscopic Devices Market Size and Volume Forecast by Applications
8.4.1. Bariatric Surgery
8.4.2. Colorectal Surgery
8.4.3. General Surgery
8.4.4. Gynecological Surgery
8.4.5. Urological Surgery
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Laparoscopic Devices Market Size and Volume Forecast by End Users
8.7.1. Hospitals
8.7.2. Clinic
8.7.3. Ambulatory Surgical Centers
8.7.4. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Laparoscopic Devices Demand Share Forecast, 2019-2026
9. Latin America Laparoscopic Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Laparoscopic Devices Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Laparoscopic Devices Market Size and Volume Forecast by Applications
9.4.1. Bariatric Surgery
9.4.2. Colorectal Surgery
9.4.3. General Surgery
9.4.4. Gynecological Surgery
9.4.5. Urological Surgery
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Laparoscopic Devices Market Size and Volume Forecast by End Users
9.7.1. Hospitals
9.7.2. Clinic
9.7.3. Ambulatory Surgical Centers
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Laparoscopic Devices Demand Share Forecast, 2019-2026
10. Europe Laparoscopic Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Laparoscopic Devices Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Laparoscopic Devices Market Size and Volume Forecast by Applications
10.4.1. Bariatric Surgery
10.4.2. Colorectal Surgery
10.4.3. General Surgery
10.4.4. Gynecological Surgery
10.4.5. Urological Surgery
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Laparoscopic Devices Market Size and Volume Forecast by End Users
10.7.1. Hospitals
10.7.2. Clinic
10.7.3. Ambulatory Surgical Centers
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Laparoscopic Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Laparoscopic Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Laparoscopic Devices Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Laparoscopic Devices Market Size and Volume Forecast by Applications
11.4.1. Bariatric Surgery
11.4.2. Colorectal Surgery
11.4.3. General Surgery
11.4.4. Gynecological Surgery
11.4.5. Urological Surgery
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Laparoscopic Devices Market Size and Volume Forecast by End Users
11.7.1. Hospitals
11.7.2. Clinic
11.7.3. Ambulatory Surgical Centers
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Laparoscopic Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Laparoscopic Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Laparoscopic Devices Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Laparoscopic Devices Market Size and Volume Forecast by Applications
12.4.1. Bariatric Surgery
12.4.2. Colorectal Surgery
12.4.3. General Surgery
12.4.4. Gynecological Surgery
12.4.5. Urological Surgery
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Laparoscopic Devices Market Size and Volume Forecast by End Users
12.7.1. Hospitals
12.7.2. Clinic
12.7.3. Ambulatory Surgical Centers
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Laparoscopic Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Laparoscopic Devices Market: Market Share Analysis
13.2. Laparoscopic Devices Distributors and Customers
13.3. Laparoscopic Devices Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Aspen Surgical
13.4.2. B. Braun SE
13.4.3. BD
13.4.4. Cook Medical
13.4.5. CooperSurgical Inc.
13.4.6. Genesis Medtech
13.4.7. Integra LifeSciences
13.4.8. Johnson & Johnson, Inc
13.4.9. KLS Martin Group
13.4.10. Medtronic
13.4.11. Olympus America
13.4.12. Richard Wolf GmbH
13.4.13. Smith+Nephew
13.4.14. Teleflex Incorporated
13.4.15. Thompson Surgical
Methodology
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