Laparoscopic Instruments Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Laparoscopic Instruments Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2022 | Medical Devices

Report Digest


Global Laparoscopic Instruments Market: Snapshot

With the rising preference for minimally invasive surgeries among consumers, laparoscopic surgeries are gaining significant popularity across the world. In this surgical technique, surgeries are performed through small incisions, for which a video camera and laparoscopic instruments or devices are used. An image of the organs to be operated is provided onto a screen through the camera that enables the surgeon to perform the surgery in a 3D plane while visualizing the whole procedure on a 2D screen. Since laparoscopic surgeries need a much smaller incision, they tend to have a number of benefits, such as lesser pain, less blood loss, and a relatively faster postoperative recovery.

Laparoscope, together with energy devices and insufflators, is the main instrument utilized during a laparoscopic surgery. Staplers, ligation devices, and suturing devices also play a major role in this type of surgeries. Commonly, these instruments find a widespread usage in minimally invasive surgeries, such a colorectal surgeries, bariatric surgeries, and gynecological operations.

The global laparoscopic instruments market is likely to witness a remarkable growth in the years to come, thanks to the increasing focus of key players on the research for the development of innovative products. The leading participants are also involving into mergers, acquisitions, and strategic alliances in order to expand their existing portfolios for the expansion of their businesses. The accelerated entry of startups is also projected to boost this market in the near future.

Global Laparoscopic Instruments Market: Overview

The global laparoscopic instruments market has witnessed significant traction in the past few years, chiefly owing to the significant rise in world’s geriatric and obese population, and the subsequent rise in the prevalence of several conditions that are treated with the help of laparoscopic devices. With consumers across the globe increasingly favoring minimally invasive procedures over open surgeries, the demand for laparoscopic instruments is expected to further rise in the global laparoscopic instruments market in the next few years. 

This report on the global laparoscopic instruments market presents an in-depth analysis of the potential growth dynamics of the market over the period between 2017 and 2025, wherein 2016 is considered the base year. The report covers an analysis of the key trends expected to have a significant stake in the future growth of the market over the report’s forecast period. The report also highlights the key growth drivers, challenges, and opportunities expected to influence the development of the market during the forecast period. 

The study provides a holistic view on the future growth prospects of the market in terms of sales volume and revenue estimate (US$ mn/bn), across key regional markets. The report analyzes the laparoscopic instrument market in terms of projections and estimates for key segments across all regional markets examined in the report. The report also analyzes business profiles of some of the key vendors in the market, recent developments, growth strategies, and includes a market positioning analysis of these companies. 

Global Laparoscopic Instrument Market: Segmentation

The report segments the global laparoscopic devices market on the basis of criteria such as application, product, end-use sector, and geography. 

The key product varieties marketed in the global laparoscopic instruments market include laparoscope, closure devices, energy devices, insufflators, and accessories. Of these, the segment of energy devices is expected to account for a dominant share in the global laparoscopic instrument devices market over the report’s forecast period and is also expected to register expansion at the maximum CAGR. Technological advancements in the field of energy devices have made laparoscopic surgeries procedures more precise, making technologically advanced energy devices an indispensable part of any such procedures. 

The key application areas of laparoscopic instruments include colorectal surgery, gynecological surgery, bariatric surgery, and urological surgery. Of these, the segment of gynecological surgery is expected to dominate the global laparoscopy instruments market over the forecast period in terms of revenue contribution. In terms of growth pace, however, the segment of bariatric surgery is expected to lead, chiefly owing to the rising demand for bariatric surgeries for obesity and related disorders.

Of the key end users of laparoscopic instruments, the hospitals segment presently dominates in terms of revenue contribution to the global market. However, the vast costs associated with long-term hospital stay are compelling patients to prefer ambulatory surgical centers, especially for simple, non-complicated surgical procedures. The demand for laparoscopic instruments in ambulatory surgical centers is expected to rise at a significant pace in the next few years. 

Global Laparoscopic Instrument Market: Geographical and Competitive Landscape

The report examines the laparoscopic instruments market across regions such as North America, Europe, Asia Pacific, and Middle East and Africa. Presently, North America dominates the market owing to the huge population of obese people, a continuously rising number of bariatric surgeries, and developed healthcare infrastructure. In the future years, however, the Asia Pacific market is expected to emerge as the most promising destination for investments owing to the huge and rapidly rising population of geriatrics, vast untapped opportunities, and increasing expenditure on healthcare by the affluent middle class demographic. 

Some of the key vendors operating in the global laparoscopic instruments market are Olympus Corporation, B. Braun Aesculap, Stryker Corporation, Cook Medical Incorporated, Smith & Nephew PLC, and Medtronic plc.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?