Global Laparoscopic Instruments
Market Report
2023
Delivery Includes:- Market Timeline 2018 till 2030, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
Author Name: Anushka Gore | Report ID: CMR645817 | The base year for the calculation is 2023 and 2018 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date. PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access. ![]()
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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 | 2018-2023 |
Forecast Period | 2023-2030 |
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 2023 to 2030 | 13.2% |
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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Top Companies Market Share in Laparoscopic Instruments Industry: (In no particular order of Rank)
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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.
Global Laparoscopic Instruments Market Report 2023 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 2023 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.
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!
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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This chapter helps you to understand the importance of report and how we designed the report scope of Laparoscopic Instruments market. As per your requirement we can also design the market scope as a customised report.
This chapter provides insights on our data collection and data validation process. It covers detailed information on wide range of sources referred during the study.
We have designed a unique questionnaire for the market research survey of Laparoscopic Instruments industry and shared it with a network of Industry experts of the entire value chain, located across the globe. This study helps us to gather accurate quantitative and qualitative data for the publication.
The executive summary is an overview of a Laparoscopic Instruments Market Report. In this chapter we have summarized the overall report data in snapshot format.
This chapters incorporated product description overview and regional sales statistics for the year 2018-2030.
This chapter covers a competitive analysis of the global Laparoscopic Instruments market, and it includes quantitative information such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted by the manufacturers such as mergers, acquisitions, and new product launches.
ESG analysis is the consideration of all factors in investment including environmental, social, and governance (ESG) factors. ESG integration is key part of the investment process. ESG analysis helps to measure company’s goals and progress when it comes to climate change, social improvement and good governance.
This chapter helps you understand the Market Drivers, Market Restrain, Market Opportunity and Trends by each segment.
This segment of the report provides in-depth and pertinent information on every foremost player in the market through both primary and secondary research. The Company Basic Information, and Sales Area chapter includes ten or more key players, which are dominating the market. Each company profile includes demystifying professional information in a tabular format, which comprises the company’s official website, established year, market position, geographical presence, competitors, and contact information. Further, company profiling includes an in-detailed business overview, COVID-19 impact on the particular firm, product type specifications, revenue & market share, and recent developments done by the company for its inorganic development, such as mergers, strategic acquisitions, partnerships, and others. Besides, profiling includes the company’s investment in research and development activities. The recent innovative product launches, business expansion, investments done by the company in different markets, and other news are also available in the company profiling section. At last, it provides the company’s business strategy and SWOT analysis.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.
This chapter categorizes detailed perceptions into an application segment based on end users’ needs, and preferences to understand their requirements and purchasing patterns effectively. It analyzes the current trends of the market that mainly consists of information related to new product use, trends in consumer demand, and available close substitutes of the product.
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Laparoscopic Instruments market
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.
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.
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? |
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