Laparoscopy Devices Market By Type (Laparoscopes, Energy Devices, Insufflators, Access Devices), Application (Ariatric Surgery, General Surgery, Gynecological Surgery, Urological Surgery), End-User (Hospitals, Ambulatory Centers), & Region for 2024-2031
Report ID: 61100|No. of Pages: 202
Laparoscopy Devices Market By Type (Laparoscopes, Energy Devices, Insufflators, Access Devices), Application (Ariatric Surgery, General Surgery, Gynecological Surgery, Urological Surgery), End-User (Hospitals, Ambulatory Centers), & Region for 2024-2031
Laparoscopy Devices Market Valuation – 2024-2031
The growing preference for minimally invasive surgical techniques. Patients are increasingly choosing laparoscopic operations over traditional open surgeries because they offer various benefits such as less postoperative pain, shorter recovery times, and less scarring is surpassing USD 15.4 Billion in 2023 and reaching USD 27.67 Billion by 2031.
Furthermore, technological breakthroughs such as high-definition cameras and robotic-assisted surgical devices are improving the precision and efficacy of laparoscopic treatments. Furthermore, the increased prevalence of chronic conditions such as obesity and gastrointestinal problems is driving up demand for laparoscopic procedures, resulting in continuous market expansion is expected to grow at a CAGR of 8.39% about from 2024 to 2031.
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Laparoscopy Devices Market: Definition/ Overview
Laparoscopy devices are specialized instruments used in minimally invasive surgical procedures, enabling surgeons to perform operations through small incisions with the aid of a camera and various surgical tools. Common applications of these devices include bariatric surgery, gynecological procedures, urological surgeries, and gastrointestinal surgeries, allowing for reduced recovery times, less postoperative pain, and minimized scarring compared to traditional open surgery. The future of the Laparoscopy Devices Market looks promising, driven by technological advancements such as robotic-assisted systems, enhanced imaging technologies, and the integration of artificial intelligence, which are expected to improve surgical outcomes and broaden the range of procedures performed laparoscopically.
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Will Rising Prevalence of Chronic Diseases is Propelling the Laparoscopy Devices Market?
The rising prevalence of chronic diseases is indeed propelling the growth of the Laparoscopy Devices Market, as these conditions often require surgical intervention for effective management. Chronic diseases such as obesity, diabetes, and gastrointestinal disorders are becoming increasingly common worldwide. According to the Centers for Disease Control and Prevention (CDC), approximately 42.4% of adults in the United States were classified as obese in 2021, highlighting a significant population that may benefit from laparoscopic bariatric surgery. Additionally, the World Health Organization (WHO) reports that digestive diseases are among the leading causes of morbidity globally, further driving the demand for minimally invasive surgical procedures that laparoscopic devices facilitate.
Furthermore, the shift towards early intervention and preventive healthcare is fostering an environment conducive to the adoption of laparoscopic techniques. As healthcare systems prioritize cost-effective treatments and improved patient outcomes, laparoscopic surgery has gained traction due to its associated benefits, such as shorter hospital stays and quicker recovery times.
Will Regulatory Challenges Hamper the Growth of the Laparoscopy Devices Market?
Regulatory challenges are indeed poised to hamper the growth of the Laparoscopy Devices Market, as manufacturers must navigate a complex landscape of compliance requirements that vary by region. In the United States, for example, the Food and Drug Administration (FDA) has stringent regulations governing the approval of medical devices, which can lead to lengthy and costly approval processes. This bureaucratic hurdle can delay the introduction of innovative laparoscopic technologies to the market, impacting the ability of manufacturers to respond swiftly to evolving healthcare needs and market demands.
Additionally, the requirement for clinical trials and extensive documentation can strain the resources of smaller companies, limiting their capacity to compete with larger firms that have more robust regulatory strategies. Moreover, as regulatory bodies worldwide intensify their focus on patient safety and product efficacy, manufacturers may face increased scrutiny of their devices post-market. This can lead to more frequent product recalls or safety alerts, which not only affect consumer trust but also impose financial burdens on companies.
Category-Wise Acumens
Will Increasing Adoption of Energy Devices Boost the Laparoscopy Devices Market?
The increasing adoption of energy devices in laparoscopic surgeries is set to significantly boost the laparoscopic devices market. Energy devices, such as electrosurgical generators and advanced ultrasonic devices, play a crucial role in enhancing surgical efficiency by providing precise control over tissue cutting and coagulation. These devices minimize the risk of thermal damage to surrounding tissues, resulting in fewer complications and improved patient outcomes.
As more healthcare facilities recognize the advantages of these technologies, the demand for energy devices in laparoscopic procedures is expected to rise, driving overall market growth. Moreover, the trend toward minimally invasive surgeries is further propelling the adoption of energy devices. Surgeons increasingly prefer these devices due to their ability to streamline surgical processes and reduce operating times.
The insufflators are the fastest growing segment, driven by the rising adoption of minimally invasive surgical techniques and the growing need for effective carbon dioxide delivery to create and maintain a pneumoperitoneum.
Will Widespread Availability of Bariatric Surgery Fuel the Laparoscopy Devices Market?
The widespread availability of bariatric surgery is set to significantly fuel the Laparoscopy Devices Market. As obesity rates continue to rise globally, with the World Health Organization reporting that over 1.9 billion adults were classified as overweight in 2021, the demand for effective weight-loss solutions, particularly surgical interventions, has increased. Laparoscopic bariatric procedures, such as gastric bypass and sleeve gastrectomy, are favored for their minimally invasive nature, leading to shorter recovery times, reduced postoperative pain, and fewer complications.
This growing acceptance and preference for bariatric surgery among both healthcare providers and patients are driving an increased demand for advanced laparoscopic devices, which are essential for performing these procedures effectively. Moreover, the healthcare industry’s focus on improving patient outcomes and reducing healthcare costs is further propelling the growth of the Laparoscopy Devices Market. As more hospitals and surgical centers adopt laparoscopic techniques for bariatric surgeries, the need for specialized devices will continue to rise.
The Gynecological Surgery is the fastest-growing segment, driven by a rise in conditions such as endometriosis, fibroids, and infertility treatments that require laparoscopic interventions.
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Country/Region-wise
Will the Technological Advancement in North America Drive the Expansion of The Laparoscopy Devices Market?
Technological advancements are poised to significantly drive the expansion of the Laparoscopy Devices Market in North America. Innovations such as enhanced imaging systems, robotic-assisted surgery, and advanced surgical instruments are making minimally invasive procedures more efficient and safer for patients. For instance, the adoption of robotic surgical systems, which saw a 15% increase in utilization rates across hospitals in 2023 according to the American College of Surgeons, is enhancing the precision of laparoscopic surgeries, thereby increasing the overall demand for these devices.
Additionally, the increasing prevalence of chronic diseases such as obesity and gastrointestinal disorders is driving the demand for laparoscopic surgeries, as these procedures offer shorter recovery times and fewer complications compared to traditional surgeries. The U.S. Centers for Disease Control and Prevention (CDC) reports that approximately 42.4% of adults in the United States were classified as obese in 2021, a statistic that underscores the need for effective surgical interventions.
Will Increasing Number of Well-Equipped Hospitals in Asia Pacific Propel the Laparoscopy Devices Market?
The increasing number of well-equipped hospitals in the Asia Pacific region is expected to significantly propel the Laparoscopy Devices Market. According to the World Health Organization (WHO), the number of hospitals in Asia has grown rapidly, with an increase of over 30% in the last decade, largely due to rising healthcare expenditures and investments in advanced medical technologies. This surge in healthcare infrastructure is accompanied by a growing emphasis on minimally invasive surgical procedures, as they offer benefits such as reduced recovery times and lower complication rates.
Furthermore, government initiatives aimed at improving healthcare accessibility and quality are driving this trend. For instance, the Indian government’s National Health Policy aims to increase the number of surgical procedures conducted in hospitals, with a target of reaching a surgical volume of 13 million by 2025. This focus on expanding surgical capabilities, along with a reported 12% increase in the budget allocation for healthcare in countries like Indonesia and Malaysia, further underscores the region’s commitment to enhancing healthcare services.
Competitive Landscape
The competitive landscape of the Laparoscopy Devices Market is characterized by a mix of established players and emerging startups, each focusing on innovative features such as real-time tracking, integration with IoT devices, and user-friendly interfaces. Companies are increasingly investing in research and development to enhance product offerings and improve customer service, creating a dynamic and rapidly evolving market environment.
Some of the prominent players operating in the Laparoscopy Devices Market include Karl Storz SE & Co, Olympus Corporation, Medtronic plc, Braun Aesculap, Stryker Corporation, Richard Wolf GmbH, Ethicon Inc., Smith & Nephew plc, Cook Medical Incorporated, ConMed Corporation, Genesis MedTech, Johnson & Johnson, Boston Scientific Corporation, Shenzen Midray Bio-medical Electronics Co. Ltd., Microline Surgical.
Latest Developments
- In August 2024 Medtronic announced the launch of its new HARMONIC™ PRIME ultrasonic scalpel, designed to improve precision and control during laparoscopic surgeries. This device integrates advanced technology to minimize thermal spread and enhance tissue preservation, aligning with the growing demand for minimally invasive surgical solutions.
- In July 2024 Johnson & Johnson completed its acquisition of Auris Health, a robotics company focused on advancing minimally invasive surgical techniques. This acquisition aims to strengthen Johnson & Johnson’s position in the laparoscopic devices market by integrating robotics with laparoscopic technology, allowing for enhanced surgical capabilities and improved patient outcomes.
- In June 2024 Stryker introduced its IMPACT™ 3D Camera System, which provides enhanced visualization and depth perception for surgeons during laparoscopic procedures. This system features advanced imaging technology that aids in better identification of anatomical structures, improving surgical precision and patient safety.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2031 |
| Growth Rate | CAGR of ~8.39% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis. |
| Segments Covered |
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| Regions Covered |
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| Key Players | Karl Storz SE & Co, Olympus Corporation ,Medtronic plc, Braun Aesculap, Stryker Corporation, Richard Wolf GmbH, Ethicon Inc., Smith & Nephew plc, Cook Medical Incorporated, ConMed Corporation, Genesis MedTech, Johnson & Johnson, Boston Scientific Corporation, Shenzen Midray Bio-medical Electronics Co. Ltd., Microline Surgical. |
| Customization | Report customization along with purchase available upon request |
Laparoscopy Devices Market, By Category
Type
- Laparoscopes
- Energy Devices
- Insufflators
- Access Devices
Application
- Bariatric Surgery
- General Surgery
- Gynecological Surgery
- Urological Surgery
End-User
- Hospitals
- Ambulatory Centers
Geography:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL LAPAROSCOPY DEVICES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL LAPAROSCOPY DEVICES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL LAPAROSCOPY DEVICES MARKET, BY TYPE
5.1 Overview
5.2 Laparoscopes
5.3 Energy Devices
5.4 Insufflators
5.5 Access Devices
6 GLOBAL LAPAROSCOPY DEVICES MARKET, BY APPLICATION
6.1 Overview
6.2 Bariatric Surgery
6.3 General Surgery
6.4 Gynecological Surgery
6.5 Urological Surgery
7 GLOBAL LAPAROSCOPY DEVICES MARKET, BY END-USER
7.1 Overview
7.2 Hospitals
7.3 Ambulatory Centers
8 GLOBAL LAPAROSCOPY DEVICES MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL LAPAROSCOPY DEVICES MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Olympus Corporation (Japan)
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Medtronic plc (Ireland)
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 B. Braun Aesculap (Germany)
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Stryker Corporation (U.S.)
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Richard Wolf GmbH (Germany)
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Ethicon, Inc. (U.S.)
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Smith & Nephew plc (U.K.)
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Cook Medical Incorporated (U.S.)
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 ConMed Corporation (U.S.)
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Johnson & Johnson
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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