Laparoscopy Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Laparoscopy Devices Market by Product type (Laparoscopes, Energy Devices, Insufflators, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories), by Application (General Surgery, Bariatric Surgery, Gynecological Surgery, Urological Surgery, Colorectal Surgery, and Others), by Technology (Traditional Laparoscopy, Robotic Laparoscopy) and by End User (Hospitals, Clinics, Ambulatory surgical centers)  and Geography

 

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Description

Laparoscopy Devices Market size was valued at USD 7.0 billion in 2021, growing at a CAGR of 7.1% during the forecast period 2022-2028. A Laparoscopy Devices Market is a long, thin tube with high-intensity light on the front and a high-resolution camera on the back. As it moves into the abdomen, the camera sends photos to a monitor. Endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids are all diagnosed and treated by laparoscopy. Laparoscopic devices are commonly employed in the diagnosis and treatment of a variety of ailments, including prostatectomy, pancreatic cancer, and gastrointestinal issues. These devices are used in surgical procedures to help keep bleeding to a minimum and maintain hemostasis. Laparoscopy Device Market are used during laparoscopy, a type of minimally invasive surgical procedure used for diagnostic and treatment purposes. Laparoscopy is performed in pelvis or abdomen through small incisions (about 0.5 to 1.5 cm) with the help of a camera. There are two types of the laparoscope: a telescopic rod lens system connected to a video camera, and a digital laparoscope where a digital video camera is placed at the end of the laparoscope without rod lens system. The targeted areas treated through laparoscopy are colon, liver, bile duct, pancreas, and others. The major instruments used during laparoscopic surgery are laparoscope, along with insufflators and energy devices.

Key Developments:

In 2013, Olympus Corporation launched the supporting faster and more accurate surgery 3D laparoscopy system with world-first deflectable tip.

In 2011, Ethicon, Inc. (Johnson & Johnson) launched the Echelon Flex stapler made control and precision in laparoscopic procedures accessible to more surgeons with its easy setup and effortless.

Laparoscopy Devices Market

MARKET SUMMARY
-
7.1%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 7.1%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Laparoscopy Devices Market

  • Global laparoscopy device market has been segmented based on the product type, application, technologies, and end user
  • The global laparoscopy device market is expected to grow at a significant CAGR due to increase in the geriatric population, and prevalence of colorectal cancer etc.
Market Key Players

 

  • Karl Storz GmbH & Co.KG
  • Stryker Corporation
  • Olympus Corporation
  • Richard Wolf GmbH
  • ConMed Corporation
Laparoscopic Device Market Dynamics

Global laparoscopy device market is expected to grow significantly over the forecasting period due to increasing number of product launches, and increasing awareness of endoscopic surgeries in developing nations. However, manufacturers are mainly focussing on developing automated laparoscopic devices which provide more accuracy and precision to the surgeons during neuro, cardio, and bariatric surgeries. According to American Society for Metabolic and Bariatric Surgery (ASMBS), the bariatric surgeries increasing from 5% to 6% every year. In addition, the laparoscopic device market has been growing due to increase in the sales of energy devices market and robot-assisted surgical systems. The major advantage with the robot-assisted laparoscopic device is to facilitate minimally invasive surgical procedures, which improves the sales of robotic-assisted systems and helps in the overall growth of global laparoscopy device market over the forecast period. Few companies have taken an active lead in the global laparoscopy device market in the development process. For instance, in 2012, Olympus entered into global laparoscopy device market in North-America and since then, company has been investing significantly in product promotion in the global laparoscopy device market.


North-America Got Significant Share

Laparoscopy Devices Market

Geographically, the global laparoscopy device market has been segmented into following regions Viz. Europe, North America, Asia-Pacific, Middle East & Africa, and Latin America. North America is anticipated for the largest share of the global laparoscopy device market followed by Europe and Asia-Pacific. Technology advancement and number of companies manufacturing laparoscopic instruments in these regions may help to create demand in the global laparoscopy device market in the forecast period. Availability of skilled surgeons, favourable reimbursement scenario might fuel the growth of global laparoscopy device market in the North-America region. Increasing CE mark approvals in Europe region expected to increases sale of laparoscopy devices in the region. Asia-Pacific region expected to register the fastest growth due to increasing number of endoscopic surgeries because of increasing prevalence of obesity and other chronic disorders. The cost-effective surgical procedures, growing medical tourism, increasing geriatric population, and rise in abdominal disorders in the Asia Pacific region are the key drivers for the development of global laparoscopy device market. Latin America expected to offer great opportunities to global laparoscopic device marketers over the forecast period, due to increasing number of bariatric surgeries and advancement of the healthcare infrastructure.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016 to 2021) and forecast (2022 to 2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Laparoscopic Device Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Medtronic
  • Karl Storz GmbH & Co.KG
  • Stryker Corporation
  • Olympus Corporation
  • B. Braun Aesculap
  • Richard Wolf GmbH
  • Smith & Nephew PLC
  • Ethicon, Inc.
  • Cook Medical Incorporated
  • ConMed Corporation

Description

Laparoscopy Devices Market size was valued at USD 7.0 billion in 2021, growing at a CAGR of 7.1% during the forecast period 2022-2028. A Laparoscopy Devices Market is a long, thin tube with high-intensity light on the front and a high-resolution camera on the back. As it moves into the abdomen, the camera sends photos to a monitor. Endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids are all diagnosed and treated by laparoscopy. Laparoscopic devices are commonly employed in the diagnosis and treatment of a variety of ailments, including prostatectomy, pancreatic cancer, and gastrointestinal issues. These devices are used in surgical procedures to help keep bleeding to a minimum and maintain hemostasis. Laparoscopy Device Market are used during laparoscopy, a type of minimally invasive surgical procedure used for diagnostic and treatment purposes. Laparoscopy is performed in pelvis or abdomen through small incisions (about 0.5 to 1.5 cm) with the help of a camera. There are two types of the laparoscope: a telescopic rod lens system connected to a video camera, and a digital laparoscope where a digital video camera is placed at the end of the laparoscope without rod lens system. The targeted areas treated through laparoscopy are colon, liver, bile duct, pancreas, and others. The major instruments used during laparoscopic surgery are laparoscope, along with insufflators and energy devices.

Key Developments:

In 2013, Olympus Corporation launched the supporting faster and more accurate surgery 3D laparoscopy system with world-first deflectable tip.

In 2011, Ethicon, Inc. (Johnson & Johnson) launched the Echelon Flex stapler made control and precision in laparoscopic procedures accessible to more surgeons with its easy setup and effortless.

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