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 : August, 2020 | Medical Devices | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.