Global Laparoscopic Instruments
Market Report
2024
The global Laparoscopic Instruments market size was valued at USD 13.89 billion in 2022 and will reach USD 36.92 billion by 2030, registering a CAGR of 13.2% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Laparoscopic Instruments market size was valued at USD 13.89 billion in 2022 and will reach USD 36.92 billion by 2030, registering a CAGR of 13.2% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Laparoscopic Instruments Market Sales Revenue 2022 | $ 13.89 Billion |
Global Laparoscopic Instruments Market Sales Revenue 2030 | $ 36.92 Billion |
Global Laparoscopic Instruments Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.2% |
Market Split by Product |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Laparoscopic Instruments Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A laparoscope comprises a long, thin tube with high-intensity light along with a high-resolution camera in the front. This camera transmits images to monitor as it travels throughout the abdomen. Laparoscopy is used for diagnosis as well as treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids, such as prostate cancer, pancreatic cancer, and digestive problems. The use of these devices in surgical procedures assures minimal bleeding and aid in maintaining hemostasis. Laparoscopy devices are preferred by surgeons as well as physicians (doctors), due to the high level of accuracy offered by such devices in surgeries. The growth of the market is attributed due to the increasing incidence of obesity across all age groups, the rapidly growing geriatric population in the Asia Pacific region, especially in countries such as Japan, India, and China.
Laparoscopic surgery is becoming the most popular surgery in recent years owing to its numerous advantages, including shorter hospital stays, decreased blood loss, and lower patient morbidity, as well as offering quick recovery time, rapid and successful outcomes, low risk of infection, small or no incision, and less pain. The need for laparoscopic surgery is increasing, and the demand for laparoscopic instruments is expected to rise throughout the forecast period. The increasing number of patients suffering from health conditions including uterine fibroids and endometriosis, the growing number of hysterectomy and myomectomy surgeries, and growing knowledge about the improved healthcare infrastructure in emerging nations are the factors driving the market growth of laparoscopic instruments.
The development of the laparoscopic device industry is also being supported by the government’s favorable legislation and regulations. Moreover, favorable remuneration rules in some nations are predicted to boost laparoscopic power morcellator sales in such nations. Applications for laparoscopic devices are growing as a result of a considerable rise in the global geriatric population and the development of energy systems, which has increased their availability as well as cost. Laparoscopic devices that combine energy systems are expected to find profitable applications in several bariatric procedures, including biliopancreatic diversion with duodenal switch, adjustable gastric band, gastric bypass, sleeve gastrectomy, etc.
Ethicon, for example, announced the ENSEAL X1 Curved Jaw Tissue Sealer in June 2022, the newest, latest, and most sophisticated laparoscopic bipolar energy device that enables stronger sealing, greater grip on tissues, and enhances procedural efficiency. It is approved for use in bariatric surgery and gynecological, thoracic, and colorectal surgeries. Moreover, the market for laparoscopic devices is solidifying as a result of the increasing popularity of medical equipment, as well as greater research collaboration and partnerships between varied producers.
Minimally invasive surgical methods are becoming more popular as a result of the reduced trauma they cause. For instance, in December 2020, Olympus announced the addition of 3D and infrared capabilities to their VISERA ELITE II surgical imaging platform for minimally invasive surgery. The addition of such an imaging platform could help hospitals and operation centers to improve efficiency and cut expenses. The product is useful in various applications, such as gynecology, general surgery, orthopedic surgery, endourology, and ENT. Furthermore, in some countries, health insurance companies pay for minimally invasive laparoscopic surgeries. For example, according to the Medicare Benefits Schedule, Medicare now covers up to 75% of laparoscopic procedures (MBS). Patients’ preferences for minimally invasive surgeries have risen as a result of these considerations.
Huge preference to open surgery by patients of low- and middle-class countries due to its cost-effectiveness as compared to laparoscopic surgeries is reducing the number of surgeries. Open surgery includes the drawbacks like scars, pain, longer stays at hospitals, etc. Which are raising concern to the doctors as well as patients which is restricting the adoption of instruments throughout the world. The energy sources used for these surgeries generate smoke and vapors which increases the risk of acute as well as chronic pulmonary disorders, throat and nose soreness, irritation of the skin, nose, and throat, and headache.
The novel coronavirus has witnessed a negative impact on the laparoscopic instruments market. The government announced a lockdown at an early stage of the pandemic to avoid the spread of the disease. The number of laparoscopic procedures was reduced in 2020 due to the COVID-19 pandemic in contrast to 2019. As per the Indian Journal of Surgery in June 2020, outpatient consultations and non-emergency surgeries decreased from more than 20 cases per day and 40 surgeries per month in the first half of 2020 to nearly zero cases. This has negatively affected the laparoscopic surgery market. Post-pandemic, surgical care was provided to the patients by healthcare facilities as COVID-19 cases started declining. The number of laparoscopic procedures also increased, gradually bringing the number of procedures back to the pre-pandemic period.
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In November 2022,
Erbe Elektromedizin GmBH acquired the Maxer endoscopy which is used in the manufacture of a wide range of endoscopic systems as well as instruments for ENT and Laparoscopic surgery.
In September 2021,
Olympus announced POWERSEAL which is an advanced Bipolar surgical energy device launch that can meet high standards of clinical performance for advanced bipolar surgical energy devices.
Top Companies Market Share in Laparoscopic Instruments Industry: (In no particular order of Rank)
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Increasing dependence on laparoscopic surgeries compared to open surgeries is a major factor driving the market. In addition, competition among prominent players, related to product innovation, will also impact the market for the laparoscopic device. Furthermore, surgeons are now recommending laparoscopy over traditional surgeries, as it allows for rapid healing and positive outcomes. In addition, increasing healthcare expenditure in the U.S. may also favor the entry of both new and old market players.
The current report Scope analyzes Laparoscopic Instruments Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Laparoscopic Instruments Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Laparoscopic Instruments Industry growth. Laparoscopic Instruments market has been segmented with the help of its Product, Application End User, and others. Laparoscopic Instruments market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By product, the laparoscopic instruments are divided into medical laparoscopic robots, laparoscopes, energy devices, insufflators, suction or irrigation systems, closure devices, hand instruments, access devices, laparoscopic scissors, laparoscopic hooks, and accessories. The energy devices segment occupied the largest share and is projected to expand at a higher CAGR during the forecast period. This is due to the technological advancement in electronic surgical devices and the increasing focus on healthcare facilities adopting capital equipment devices. For instance, in September 2021, Olympus announced POWERSEAL which is an advanced bipolar surgical energy device launch that can meet high standards of clinical performance for advanced bipolar surgical energy devices.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Laparoscopic Instruments Industry. Request a Free Sample PDF!
The global laparoscopic instruments market based on application is divided into general surgery bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, pediatric surgery, and others. The various procedures of general surgeries include cholecystectomy, hernia repair, appendectomy as well as bariatric surgeries. The highest share of the segment is contributed by increasing the number of general surgeries and the growing burden of acute appendicitis among the disorders. There are various other factors including a preference for laparoscopy for appendectomy, cholecystectomy, hernia repair, the rising number of surgeons, etc which leads to the growth of these instruments.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Laparoscopic Instruments market report 2024 Edition by contacting our team.
The hospitals segment dominated the global market:
Based on the end user the laparoscopic instruments market is divided into hospitals, specialty clinics, and ambulatory surgical centers. Large patient volumes in the hospitals have driven segmental expansion which dominates the share of the market. The primary factors which increase the number of laparoscopic surgeries include the larger number of hospitals across the world as well as the reliability of patients towards the government hospitals in various countries.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Laparoscopic Instruments Market is witnessing significant growth in the near future.
In 2023, the Medical laparoscopic robots segment accounted for noticeable share of global Laparoscopic Instruments Market and is projected to experience significant growth in the near future.
The General surgery segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Intuitive Surgical , Olympus Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Medical laparoscopic robots, Laparoscopes, Energy devices, Insufflators, Suction or irrigation systems, Closure devices, Hand instruments, Access devices, Laparoscopic scissors, Laparoscopic hooks, Accessories |
Application | General surgery, Bariatric surgery, Gynecological surgery, Urological surgery, Colorectal surgery, Pediatric surgery, Others |
End User | Hospitals, Ambulatory surgical centers, Specialty clinics |
List of Competitors | Intuitive Surgical, Stryker Corporation, Olympus Corporation, Karl Storz GmbH & CO. KG, Medtronic PLC, Microline Surgical, Inc, B. Braun Melsungen AG, SCHOLLY Fiberoptic GmbH, Optomic, Victor Medical Instruments Co., Ltd, Peters Surgical, EndoMed Systems GmbH, Becton, Dickinson, and Company, Mindray Medical International Limited, CONMED Corporation, Richard Wolf GmbH, Smith & Nephew PLC, Cook Medical, Ethicon, Strauss Surgical, AMCOTEC International Medical. |
This chapter will help you gain GLOBAL Market Analysis of Laparoscopic Instruments. Further deep in this chapter, you will be able to review Global Laparoscopic Instruments Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Laparoscopic Instruments Market Trends North America Laparoscopic Instruments Technological Road Map North America Laparoscopic Instruments Market Drivers North America Laparoscopic Instruments Market Restraints North America Laparoscopic Instruments Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Laparoscopic Instruments market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Medical laparoscopic robots have a significant impact on Laparoscopic Instruments market? |
What are the key factors affecting the Medical laparoscopic robots and Laparoscopes of Laparoscopic Instruments Market? |
What is the CAGR/Growth Rate of General surgery during the forecast period? |
By type, which segment accounted for largest share of the global Laparoscopic Instruments Market? |
Which region is expected to dominate the global Laparoscopic Instruments Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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