Laparoscopic Instruments Market Size By Product (Laparoscopes {Video Laparoscopes, Fiber Laparoscopes}, Energy Devices, Insufflators, Suction Systems, Closure Devices, Hand Instruments, Access Devices, Laparoscopic Accessories), By Application (Gynecological Surgery, Urological Surgery, Colorectal Surgery, Bariatric Surgery, General Surgery, Pediatric Surgery), By End-use (Hospitals, Ambulatory S

Laparoscopic Instruments Market Size By Product (Laparoscopes {Video Laparoscopes, Fiber Laparoscopes}, Energy Devices, Insufflators, Suction Systems, Closure Devices, Hand Instruments, Access Devices, Laparoscopic Accessories), By Application (Gynecological Surgery, Urological Surgery, Colorectal Surgery, Bariatric Surgery, General Surgery, Pediatric Surgery), By End-use (Hospitals, Ambulatory S

Laparoscopic Instruments Market Size

Laparoscopic Instruments Market size exceeded USD 10 billion in 2019 and is anticipated to grow at over 11.3% CAGR between 2020 and 2026.
 

Growing incidences of obesity, rising number of gynecological procedures, and recent technological advancements are some of the major factors contributing to the growth of the market. In addition to that, upsurge in the number of surgical procedures owing to high incidence of colorectal cancer will fuel the laparoscopic instruments market demand.
 

Technological advancements have led to the introduction of higher-quality imaging and smaller laparoscopic instruments that allow surgeons to perform accurate dissection with minimal bleeding. The advent of handheld articulated laparoscopic instruments has increased the demand for laparoscopic surgeries by eliminating the challenges associated with suturing. Moreover, increase in the automation of surgical instruments for laparoscopic surgeries is owing to the continuous development in surgical robotic systems to minimize the challenges in safety, sterility, and adaptation. Thus, these new technologies associated with laparoscopic surgical instruments will increase mobility and decrease the costs for the surgeons with respect to hand-assisted articulating, flexible forceps, and robotic equipment.
 

Laparoscopic Instruments Market Analysis

Laparoscopes product segment held a laparoscopic instruments market share of around 40% in 2019 owing to adoption of laparoscopes in surgical procedures including cholecystectomy, gynecology, and urology, among others. Furthermore, growing cases of obesity across the globe has led to the increase in number of bariatric surgeries performed laparoscopically, positively impacting the market size. Additionally, several advantages associated with the advanced laparoscopy such as decreased risk of specific long-term complications, greater ease, and greater speed for lysis of adhesions makes laparoscopy a preferred option.
 

Gynecology application segment valuation was around USD 3.1 billion in 2019 and is projected to observe significant gains during the forecast period. This is attributed to the rising number of gynecological laparoscopic procedures such as tubal ligation, hysterectomy, and ovarian cyst removal, among others. In addition, rising fund for research projects in gynecology and increasing awareness programs related to minimally invasive gynecology surgery will further fuel the market size expansion.
 

The hospitals end-use segment in the laparoscopic instruments market is estimated to register a growth rate of over 11% till 2026 led by growing number of people visiting hospitals owing to various medical conditions such as ulcerative colitis, crohn’s disease, rectal prolapse, among others. Furthermore, growing number of laparoscopic procedures conducted in the hospital due to cost-effectiveness and proper treatment is contributing to the segmental growth.
 

U.S. laparoscopic instruments market size is poised to expand at more than 10.6% CAGR through 2026 propelled by increasing prevalence of obesity and colorectal cancer coupled with growing awareness of laparoscopic procedures among American population. According to the Centers for Disease Control and Prevention (CDC), the prevalence of obesity during 2017-2018 was 42.4% in the country. Hence, large group of these patients are preferring for bariatric surgery through laparoscopic procedures. Moreover, increase in the number of healthcare facilities such as hospitals and ambulatory surgical centers in the U.S. will upsurge the product demand.
 

Europe laparoscopic instruments market crossed USD 2.5 billion in 2019. Growing cases of colorectal cancer across the region is one of the factors attributing to the high revenue. According to the Journal of Colorectal Cancer of Europe, around 1.2 million people are presently living with colorectal cancer. Additionally, according to the latest news article, in 2019, around 260,000 colorectal laparoscopic surgeries were performed in the region. Hence, owing to these statistics and growing awareness about the advantages of laparoscopic procedures, the region will witness a substantial market growth in the upcoming years.
 

Laparoscopic Instruments Market Share

Some of the prominent companies in the laparoscopic instruments market are

• Ethicon Inc.
• Apollo Endosurgery
• Boston Scientific
• Medtronic Plc (Covidien)
• Intuitive Surgical
• Olympus Corporation
• Smith & Nephew Inc.
• Karl Storz GmbH
• Richard Wolf GmbH
• CONMED Corporation
• Stryker Corporation
• Cook Medical Inc.
• Aesculap
• Microline Surgical

Industry players are majorly focusing on various strategies that include new product launches, acquisitions, partnerships, mergers, collaborations, and development strategies.
 

Recent industry developments

• In December 2018, Apollo Endosurgery sold its surgical product line to ReShape Lifesciences Inc. The product line comprises of the Lap-Band adjustable gastric banding system and other accessories that are used in laparoscopic bariatric surgery. This strategic move increased the focus of Apollo towards its Endo-bariatric product offerings.
   
• In August 2017, Ethicon introduced a new ProxiSure Advanced Laparoscopic Suturing Device to improve precision in minimally-invasive surgery in the U.S. This strategic move strengthened the company’s product portfolio and further assisted in geographic revenue growth.
   

The laparoscopic instruments market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments

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Market, By Product

• Laparoscopes
  • Video laparoscopes
  • Fiber laparoscopes
• Energy devices
• Insufflators
• Suction systems
• Closure devices
• Hand instruments
• Access devices
• Laparoscopic accessories

Market, By Application

• Gynecology surgery
• Urological surgery
• Colorectal surgery
• Bariatric surgery
• General surgery
• Pediatric surgery
• Others

Market, By End-use

• Hospitals
• Ambulatory surgical centers

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
  • Czech Republic
  • Belgium
  • Sweden
  • Norway
  • Russia
  • Hungary
  • Romania
  • Bulgaria
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • New Zealand
  • Indonesia
  • Singapore
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • South Korea
  • Taiwan
  • Hong Kong
  • Sri Lanka
• Latin America
  • Brazil
  • Mexico
  • Colombia
  • Chile
  • Peru
  • Ecuador
  • Costa Rica
  • Panama
  • Guatemala
  • EL Salvador
  • Puerto Rico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Egypt
  • Morocco