Laparoscopic Surgery Devices Market Growth & Forecast [2030]
Laparoscopic Surgery Devices Market Growth & Forecast [2030]
Segments - Laparoscopic Surgery Devices Market by Applications (Colorectal Surgery, General Surgery, Gynecological Surgery, Urological Surgery, Bariatric Surgery, and Other Surgeries), Products (Hand Access Instruments, Robot Assisted Systems, Insufflation Device, Suction/ Irrigation Device, Closure Devices, Trocars, Energy Systems, and Laparoscopes), End-users (Ambulatory, Clinic, and Hospital), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
Upcoming
| Report ID :HC-4235
| 4.9 Rating
| 79 Reviews
| 178 Pages
| Format :
Report Description
The laparoscopic surgery devices market size was valued at USD 6.8 billion in 2021 and is projected to reach USD 12.6 billion by 2030, expanding at a CAGR of around 7.2% during the forecast period, 2022 – 2030. The growth of the market is attributed to rising prevalence of obesity among all age categories, as well as the fast-growing elderly population.
Laparoscopy is a surgical procedure that involves making small incisions in the body such as the abdominal wall, which can be used to insert a laparoscope and other tools to view structures within the interior body cavity. As it moves into the abdomen, the camera sends photos to a monitor. Fibroids, cysts, pelvic inflammatory disease (PID), ectopic pregnancy, and endometriosis are all treated using laparoscopy. Laparoscopy devices are commonly employed in the diagnosis and treatment of a variety of ailments, including gastrointestinal issues, pancreatic cancer, and prostatectomy. These devices are used in surgical procedures to help maintain hemostasis and prevent bleeding. Due of the great level of precision provided by such devices in procedures, surgeons and physicians prefer them.
During the COVID-19, hospitals around the world decreased optional and non-urgent cases in order to maintain social distance and prevent virus transmission. However, essential cancer and gynecological surgeries were being conducted, and it is essential that all medical workers be protected, as well as the risk of virus infection when treating on asymptomatic or diagnosed COVID-19 patients. Almost all the industries were affected due to COVID-19. However, over the forecast period, the market for the laparoscopic surgery device is estimated to revive and increase, as most governments around the world have begun to ease lockdown restrictions and resume some elective procedures. Companies are sourcing from additional partners, flying freight delivery, and rerouting logistics, to deal with supply chain delays. The pandemic has also benefitted local manufacturers. These characteristics are projected to create lucrative opportunities for the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Advantages of laparoscopic surgery devices such as low risk of infection, shorter hospital stay, and minimum blood loss are projected to drive the market.
- Rising number of patients with health problems such as endometriosis and uterine fibroids is propelling the market.
- Increasing awareness about the benefits of procedure in emerging nations is estimated to boost the market during the forecast period.
- Improving healthcare infrastructure in developing nations is anticipated to propel the market during the projected period.
- Favorable government laws and regulations are expected to drive the market.
- High cost of the procedure is projected to hinder the market growth.
- Lack of skilled professionals is estimated to impede the market growth during the forecast period.
- R&D investment and technological advancements in the healthcare sector is projected to create immense opportunities for the market players.
Scope of the Report
The report on the global laparoscopic surgery devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Laparoscopic Surgery Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2019–2020 |
|
Forecast Period |
2022 – 2030 |
|
Segmentation |
Applications (Colorectal Surgery, General Surgery, Gynecological Surgery, Urological Surgery, Bariatric Surgery, and Other Surgeries), Products (Hand Access Instruments, Robot Assisted Systems, Insufflation Device, Suction/ Irrigation Device, Closure Devices, Trocars, Energy Systems, and Laparoscopes), End-users (Ambulatory, Clinic, and Hospital), |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Shenzen Mindray Bio-Medical Electronics Co., Ltd.; Intuitive Surgical; DEAM; Welfare Medical Ltd; BD; Microline Surgical; Richard Wolf GmbH; The Cooper Companies Inc.; B. Braun Melsungen AG; CONMED Corporation; Olympus Corporation; Johnson and Johnson; Medtronic; Karl Storz SE & CO. Kg; Boston Scientific Corporation; and Stryker Corporation. |
Market Segment Insights
The general surgery segment dominated the market in 2021
Based on applications, the market is segregated into colorectal surgery, general surgery, gynecological surgery, urological surgery, bariatric surgery, and other surgeries. The general surgery segment dominated the market in 2021 owing to rising cases of surgical removal of appendix, patients suffering from hernia, and removal of gall bladder. The bariatric surgery segment is projected to grow at a rapid pace during the forecast period owing to its potential for treating diabetes and disorders related to cardiovascular disease. Furthermore, laparoscopic bariatric surgery aids in the treatment of obesity-related diseases such sleep apnea, high cholesterol, high blood pressure, and type 2 diabetes.
The energy systems segment held around 21% of the total market share in 2021
On the basis of products, the market is fragmented into hand access instruments, robot assisted systems, insufflation device, suction/ irrigation device, closure devices, trocars, energy systems, and laparoscopes. The energy systems segment held around 21% of the total market share in 2021. During laparoscopic surgery, energy systems enable coagulation, transection, and quick tissue & vascular sealing. These devices benefit in the procedures such as biliopancreatic diversion with duodenal, adjustable gastric band, sleeve gastrectomy, and gastric bypass. The insufflation device segment is projected to expand at a high CAGR during the forecast period. Persufflation of the abdominal cavity with humidified carbon dioxide is simple and safe with insufflation equipment. The increased prevalence and incidence of diseases such colorectal cancer is projected to fuel the segment.
The hospitals segment accounted for a key market share in 2021
In terms of end-users, the market is divided into ambulatory, clinic, and hospital. The hospitals segment accounted for a major market share in 2021. The rise in surgical procedures attributed to growth in the number of people suffering from chronic conditions. Hospitals encounter a substantially higher inflow of patients for bariatric surgery or other laparoscopic procedures than other healthcare settings due to the convenience with which any complications that may occur during surgical procedures can be handled and the extensive range of treatment alternatives available. As a result, hospitals have a higher need for laparoscopic devices than other end-user segments. The ambulatory segment is projected to expand at a high CAGR during the forecast period. Growth of the segment is attributed to rising use of minimally invasive surgeries and strong desire for outpatient services.
Asia Pacific is projected to register a high CAGR during the forecast period
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a robust CAGR during the forecast period owing to growing number of well-equipped and modern hospitals in the region. Growth of the market in the region is attributed to increased medical tourism, improved reimbursement scenarios, increased investment, and advances in technology. North America dominated the market in 2021. Increased healthcare spending in the US is estimated to encourage both new and old competitors to enter the market.
Segments
The global laparoscopic surgery devices market has been segmented on the basis of
Applications- Colorectal Surgery
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Bariatric Surgery
- Other Surgeries
- Hand Access Instruments
- Robot Assisted Systems
- Insufflation Device
- Suction/ Irrigation Device
- Closure Devices
- Trocars
- Energy Systems
- Laparoscopes
- Ambulatory
- Clinic
- Hospital
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Shenzen Mindray Bio-Medical Electronics Co., Ltd.
- Intuitive Surgical
- DEAM
- Welfare Medical Ltd
- BD
- Microline Surgical
- Richard Wolf GmbH
- The Cooper Companies Inc.
- B. Braun Melsungen AG
- CONMED Corporation
- Olympus Corporation
- Johnson and Johnson
- Medtronic
- Karl Storz SE & CO. Kg
- Boston Scientific Corporation
- Stryker Corporation
Competitive Landscape
Key players competing in the laparoscopic surgery devices market include Shenzen Mindray Bio-Medical Electronics Co., Ltd.; Intuitive Surgical; DEAM; Welfare Medical Ltd; BD; Microline Surgical; Richard Wolf GmbH; The Cooper Companies Inc.; B. Braun Melsungen AG; CONMED Corporation; Olympus Corporation; Johnson and Johnson; Medtronic; Karl Storz SE & CO. Kg; Boston Scientific Corporation; and Stryker Corporation. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.
Frequently Asked Questions
The laparoscopic surgery devices market size was valued at USD 6.8 billion in 2021.
The laparoscopic surgery devices market is projected to expand at a CAGR of around 7.2% during the forecast period, 2022 – 2030.
The energy systems segment held around 21% of the total market share in 2021.
Asia Pacific is projected to register a high CAGR during the forecast period
Some of the top players in the market include Medtronic; Karl Storz SE & CO. Kg; Boston Scientific Corporation; and Stryker Corporation.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Laparoscopic Surgery 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 Surgery 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 Surgery Devices Market - Supply Chain
4.5. Global Laparoscopic Surgery Devices Market Forecast
4.5.1. Laparoscopic Surgery Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laparoscopic Surgery Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Laparoscopic Surgery Devices Market Absolute $ Opportunity
5. Global Laparoscopic Surgery 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 Surgery Devices Market Size and Volume Forecast by Applications
5.3.1. Colorectal Surgery
5.3.2. General Surgery
5.3.3. Gynecological Surgery
5.3.4. Urological Surgery
5.3.5. Bariatric Surgery
5.3.6. Other Surgeries
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Laparoscopic Surgery 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 Surgery Devices Market Size and Volume Forecast by End Users
6.3.1. Ambulatory
6.3.2. Clinic
6.3.3. Hospital
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Laparoscopic Surgery 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 Surgery 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 Surgery Devices Demand Share Forecast, 2019-2026
8. North America Laparoscopic Surgery 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 Surgery 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 Surgery Devices Market Size and Volume Forecast by Applications
8.4.1. Colorectal Surgery
8.4.2. General Surgery
8.4.3. Gynecological Surgery
8.4.4. Urological Surgery
8.4.5. Bariatric Surgery
8.4.6. Other Surgeries
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Laparoscopic Surgery Devices Market Size and Volume Forecast by End Users
8.7.1. Ambulatory
8.7.2. Clinic
8.7.3. Hospital
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 Surgery Devices Demand Share Forecast, 2019-2026
9. Latin America Laparoscopic Surgery 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 Surgery 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 Surgery Devices Market Size and Volume Forecast by Applications
9.4.1. Colorectal Surgery
9.4.2. General Surgery
9.4.3. Gynecological Surgery
9.4.4. Urological Surgery
9.4.5. Bariatric Surgery
9.4.6. Other Surgeries
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Laparoscopic Surgery Devices Market Size and Volume Forecast by End Users
9.7.1. Ambulatory
9.7.2. Clinic
9.7.3. Hospital
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 Surgery Devices Demand Share Forecast, 2019-2026
10. Europe Laparoscopic Surgery 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 Surgery 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 Surgery Devices Market Size and Volume Forecast by Applications
10.4.1. Colorectal Surgery
10.4.2. General Surgery
10.4.3. Gynecological Surgery
10.4.4. Urological Surgery
10.4.5. Bariatric Surgery
10.4.6. Other Surgeries
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Laparoscopic Surgery Devices Market Size and Volume Forecast by End Users
10.7.1. Ambulatory
10.7.2. Clinic
10.7.3. Hospital
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 Surgery Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Laparoscopic Surgery 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 Surgery 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 Surgery Devices Market Size and Volume Forecast by Applications
11.4.1. Colorectal Surgery
11.4.2. General Surgery
11.4.3. Gynecological Surgery
11.4.4. Urological Surgery
11.4.5. Bariatric Surgery
11.4.6. Other Surgeries
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Laparoscopic Surgery Devices Market Size and Volume Forecast by End Users
11.7.1. Ambulatory
11.7.2. Clinic
11.7.3. Hospital
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 Surgery Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Laparoscopic Surgery 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 Surgery 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 Surgery Devices Market Size and Volume Forecast by Applications
12.4.1. Colorectal Surgery
12.4.2. General Surgery
12.4.3. Gynecological Surgery
12.4.4. Urological Surgery
12.4.5. Bariatric Surgery
12.4.6. Other Surgeries
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Laparoscopic Surgery Devices Market Size and Volume Forecast by End Users
12.7.1. Ambulatory
12.7.2. Clinic
12.7.3. Hospital
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 Surgery Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Laparoscopic Surgery Devices Market: Market Share Analysis
13.2. Laparoscopic Surgery Devices Distributors and Customers
13.3. Laparoscopic Surgery Devices Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Shenzen Mindray Bio-Medical Electronics Co., Ltd.
13.4.2. Intuitive Surgical
13.4.3. DEAM
13.4.4. Welfare Medical Ltd
13.4.5. BD
13.4.6. Microline Surgical
13.4.7. Richard Wolf GmbH
13.4.8. The Cooper Companies Inc.
Methodology
Related Reports
Some other reports from this category!
Our Clients
