USD 7.27 billion
Laparoscopic Devices Market Size, Share, Growth Analysis, By Product Type (Laparoscopes, Energy Devices), By Application (General Surgery, Gynecological Surgery), By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2619 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
98
|Figures:
76
Laparoscopic Devices Market Insights
Laparoscopic Devices Market size was valued at USD 7.8 Billion in 2023 and is poised to grow from USD 8.37 Billion in 2024 to USD 14.77 Billion by 2032, growing at a CAGR of 7.35% during the forecast period (2025-2032).
The surging incidence of chronic diseases and rising preference for minimally invasive surgeries are expected to primarily drive up the demand for laparoscopic devices across the study period and beyond. Advancements in laparoscopic device technologies are also estimated to create new opportunities for laparoscopic device suppliers in the future. Rising geriatric population around the world is also estimated to offer a wider business scope for laparoscopic device companies operating in this market. Growing adoption of laparoscopic devices in outpatient facilities is also forecasted to bolster the sales of laparoscopic devices in the long run. Increase in incidence of patients suffering from conditions such as uterine fibroids and endometriosis are also expected to bolster the demand for laparoscopic devices over the coming years. On the contrary, steep learning curve for surgeons, risk of device malfunction and failure, high initial costs, and limited accessibility are some key constraints that are slated to negatively impact laparoscopic devices market forecast in the long run. .
US Laparoscopic Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospital
Fastest Growth
Hospital
Growth Rate
7.4% CAGR
Global Laparoscopic Devices Market ($ Bn)
Country Share for North America Region (%)
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Laparoscopic Devices Market Segmental Analysis
Global Laparoscopic Devices Market is segmented by product type, application, end user and region. Based on product type, the market is segmented into laparoscopes (video laparoscopes, fiber laparoscopes), energy devices (electrosurgical devices, ultrasonic devices, microwave devices), insufflation devices, hand instruments (graspers, forceps, scissors, retractors), irrigation systems, closure devices (trocars, closure systems) and robot-assisted systems. Based on application, the market is segmented into general surgery (appendectomy, cholecystectomy, hernia repair), gynecological surgery (hysterectomy, oophorectomy), urological surgery (nephrectomy, prostatectomy), colorectal surgery and bariatric surgery. Based on end user, the market is segmented into hospitals, ambulatory surgical centers and specialty clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product Type
Energy systems are forecasted to account for a major chunk of the global laparoscopic devices market share going forward. Use of energy systems to quickly facilitate tissue and vascular closure, transection, and coagulation during laparoscopic procedures is projected to aid the dominance of this segment in the future. Advancements in electric and laser energy technologies are also leading to the creation of advanced energy systems for laparoscopic devices thereby boosting revenue generation as well. Advanced energy systems can also improve the efficiency of laparoscopic procedures by minimizing blood loss and optimizing patient outcomes in critical cases.
On the other hand, the demand for insufflation devices is forecasted to rise at an exponential pace over the coming years. The surging prevalence of cancer around the world is projected to be the primary factor driving up the demand for insufflation devices in the future. These devices are also capable of increasing vital capacity for a short term in terminal cases. Rising investments in the development of advanced insufflation technologies and devices such as ow-pressure insufflation systems, are also creating new opportunities via this segment through 2031. High incidence of colorectal cancer is slated to boost sales of insufflation devices in the long run.
Analysis by End User
Hospitals are estimated to spearhead the global sales of laparoscopic devices over the coming years. Rising rates of hospitalization owing to high incidence of chronic diseases and growing number of surgeries performed in hospitals are also cementing the high laparoscopic devices market share of this segment. Availability of multiple minimally invasive surgeries to choose from and the rising number of weight loss surgeries being performed are also boosting sales of laparoscopic devices in hospital settings going forward. Increasing investments in healthcare infrastructure development are also slated to create new opportunities for laparoscopic devices companies targeting this segment in the long run.
Meanwhile, the demand for laparoscopic devices in ambulatory surgical centers is forecasted to rise at a stellar pace across the study period. The availability of low-cost surgeries and reduced waiting times in ambulatory surgical centers is forecasted to help this segment generate new opportunities for laparoscopic device suppliers. The growing availability of reimbursement for treatment procedures performed in outpatient facilities is also offering new business scope for laparoscopic device companies going forward. A high preference for minimally invasive surgeries and its rising availability in outpatient facilities is also expected to boost sales of laparoscopic devices in the long run.
Global Laparoscopic Devices Market By End User
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Laparoscopic Devices Market Regional Insights
North America is predicted to spearhead the demand for laparoscopic devices in the world. High number of laparoscopic procedures performed in this region, high healthcare expenditure, and availability of favorable reimbursement policies are expected to promote sales of zzz in this region. The United States is expected to bring in the most revenue for zzz providers in this region on the back of its developed healthcare ecosystem and rising geriatric population base. High investments in medical device R&D and innovation from public and private organizations is also forecasted to bolster zzz market development potential in North America.
Asia Pacific region is emerging as the fastest-expanding market for laparoscopic devices companies in the world. Rising investments in healthcare infrastructure development, growing popularity of minimally invasive procedures, and expanding senescent population are slated to create new opportunities for zzz suppliers in Asia Pacific. China, Japan, and India are estimated to be key countries of interest for zzz providers looking to make a mark in this region. The surge in incidence of cardiovascular diseases and rising number of cancer patients are also expected to create new business scope for zzz companies in the long run.
Global Laparoscopic Devices Market By Geography
- Largest
- Fastest
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Laparoscopic Devices Market Dynamics
Laparoscopic Devices Market Drivers
Rising Preference for Minimally Invasive Surgeries
- Increasing number of patients around the world are focusing on opting for minimally invasive surgical procedures owing to benefits such as shorter recovery times, reduced pain, and lower infection risks. Advanced laparoscopic devices play a crucial role in successful minimally invasive surgery thereby driving laparoscopic devices market outlook as well.
Increasing Senescent Population
- The geriatric population around the world is increasing at a rapid pace and this is also expected to boost sales of laparoscopic devices in the future. Increasing need for hernia repairs, gallbladder removals and other procedures involving use of laparoscopic devices for aged patients is forecasted to benefit laparoscopic devices market growth in the long run.
Laparoscopic Devices Market Restraints
Risk of Device Malfunction and Complications
- Laparoscopic devices, just as any other medical device, are prone to failure and malfunctions, which in turn result in complications and risks for patients. Growing incidence of product failures, product recalls, and rising awareness regarding risks and complications are slated to impede the adoption of laparoscopic devices going forward.
Steep Learning Curve for Surgeons
- Learning to use laparoscopic devices is a feat that requires extensive time investment in training for surgeons as it involves the use of advanced medical devices. This is what elongates and complicates the learning process for surgeons thereby resulting in the slow adoption of laparoscopic devices in the long run.
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Laparoscopic Devices Market Competitive Landscape
Developing laparoscopic devices that are easy to use to eliminate the longer learning times for surgeons should be the prime focus of market players. Laparoscopic devices providers can also maximize their business by targeting developing countries where the popularity of minimally invasive surgeries has just started to rise. Use of artificial intelligence and advanced robotics can help optimize the accuracy and efficiency of laparoscopic devices in the long run.
Laparoscopic Devices Market Top Player’s Company Profiles
- Medtronic plc
- Karl Storz GmbH & Co. KG
- Stryker Corporation
- Olympus Corporation
- Boston Scientific Corporation
- Fujifilm Holdings Corporation
- Smith & Nephew plc
- Cook Medical
- B. Braun Melsungen AG
- Conmed Corporation
- Intuitive Surgical, Inc.
- Richard Wolf GmbH
- Cooper Surgical, Inc.
- Applied Medical Resources Corporation
- Zimmer Biomet Holdings, Inc.
- Ambu A/S
- Teleflex Incorporated
- KARL STORZ Endoscopy-America, Inc.
- Surgical Innovations Group plc
- Peters Surgical
Laparoscopic Devices Market Recent Developments
- In April 2024, Medtronic, a leading healthcare technology organization announced the launch of Touch Surgery Live Stream digital offering. The solution is capable of offering AI (artificial intelligence) insights for laparoscopic and robotic-assisted surgical procedures.
- In July 2023, Genesis MedTech announced that it had received approval to launch a new zzz from China’s National Medical Products Administration. ArtiSential was developed by LivsMed and Genesis acquired its distribution rights for the Chinese market back in 2021.
- In November 2021, Shanghai MicroPort MedBot (Group) Co. Ltd. Announced the launch of its new laparoscope. The launch of DFVision® 3D Electronic Laparoscope took place at the 28th National Seminar for Laparoscopic Surgery Demonstration, thereby cementing its market share in the global zzz industry landscape.
Laparoscopic Devices Key Market Trends
- Robotic-assisted Laparoscopy: Laparoscopic device companies can focus on providing robotic-assisted laparoscopy by integrating advanced robotic technologies with their offerings. Improved precision, reduced surgeon fatigue, and better patient outcomes are the top benefits of robotic-assisted laparoscopy that make these unmissable laparoscopic devices market trend for companies in the long run.
- Development of Disposable Laparoscopic Devices: Laparoscopic device manufacturers should focus on the development of disposable laparoscopic devices to eliminate the risk of cross contamination and infections. Disposable laparoscopic devices are expected to be highly popular and preferred for high-risk procedures thereby improving the chances of successful surgeries for patients over the coming years.
Laparoscopic Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing demand for minimally invasive procedures and expanding geriatric population are projected to bolster the laparoscopic devices market growth. However, the risk of device malfunction and a steep learning curve for surgeons are projected to impede laparoscopic devices market development potential across the study period and beyond. The presence of a developed healthcare infrastructure helps North America account for a leading share of the global laparoscopic devices market. Development of disposable laparoscopic devices and the use of robotic-assisted surgeries are slated to be key opportunities for market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.27 billion |
| Market size value in 2031 | USD 13.76 billion |
| Growth Rate | 7.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Laparoscopic Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Laparoscopic Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Laparoscopic Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Laparoscopic Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Laparoscopic Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Laparoscopic Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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