laparoscopic instruments market: Trends, Strategy, Application Analysis, Demand, Status and Global Share

The laparoscopic instruments market is expected to reach USD 22.1 billion by 2026 from an estimated USD 12.3 billion in 2021, at a CAGR of 12.5%. Market growth can largely be attributed to factors such as the increasing adoption of minimally invasive surgeries over open surgeries, rising prevalence of colorectal cancer, increasing number of laparoscopic bariatric procedures, and technological advancements in the field of laparoscopy. Product recalls and gaps in infrastructural support for laparoscopic procedures pose a challenge in this market. However, reduced Medicare payments to healthcare providers in the US and the dearth of trained professionals in the field of laparoscopy are expected to restrain the growth of this market to a certain extent. Growing healthcare markets in emerging economies and enhancements in equipment capabilities in laparoscopic instruments are expected to offer significant growth opportunities for market players.

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Key players in the Laparoscopic Instruments Market

The key players in the Laparoscopic Instruments market include Intuitive Surgical (US), Stryker Corporation (US), Olympus Corporation (Japan), Karl Storz GmbH & CO. KG (Germany), Medtronic PLC (Ireland), Microline Surgical, Inc. (US), B. Braun Melsungen AG (Germany), SCHÖLLY Fiberoptic GmbH (Germany), Optomic (Spain), Victor Medical Instruments Co., Ltd (China), Peters Surgical (France), EndoMed Systems GmbH (Germany), Becton, Dickinson and Company (US), Mindray Medical International Limited (China), CONMED Corporation (US), Richard Wolf GmbH (Germany), Smith & Nephew PLC (UK), Cook Medical (US), Ethicon (US), Strauss Surgical (US), AMNOTEC International Medical (Germany).

Based on product type, the medical laparoscopic robots segment holds the largest market share during the forecast period.

Based on product, the global laparoscopic instruments market is segmented into medical laparoscopic robots, energy devices, insufflators, suction/irrigation systems, laparoscopes, hand instruments, closure devices, access devices, and accessories. Medical laparoscopic robots held 41.8% of the global laparoscopic instruments market in 2020. The increasing adoption of robot-assisted laparoscopic procedures and technological advancements in surgical robots contribute to the large share and high growth of this segment.

Based on application type, the general surgery segment grows at a highest market share during the forecast period.

Based on application, the global laparoscopic instruments market is segmented into bariatric surgery, gynecological surgery, general surgery, urological surgery, colorectal surgery, and pediatric surgery. In 2020, the general surgery segment accounted for the largest share of the laparoscopic instruments market. Laparoscopic instruments form an integral part of a range of general surgery procedures, including gastrointestinal, hepatobiliary, pancreatic, and abdominal wall surgeries, such as single-site (LESS) appendectomy, single-site (LESS) cholecystectomy, laparoscopic cholecystectomy, laparoscopic hernia repair, laparoscopic colectomy, laparoscopic esophagogastric fundoplasty, laparoscopic hepatectomy, and laparoscopic liver resection. Laparo-endoscopic single-site surgery (LESS) is a term used for single-incision laparoscopic surgery. These procedures result in fewer complications and morbidities. Due to lifestyle and eating habbits of the people, there has been increase in the appendicitis, hernia, etc which has resulted in the increase in the general surgeries.

Based on end user, the ambulatory surgical centers segment is expected to register the highest CAGR during the forecast period.

Based on the end user, the global laparoscopic instruments market is segmented into hospitals and ambulatory surgical centers. The rapid growth of ambulatory surgical center segment can be attributed to the increasing preference for ambulatory care due to its cost-effectiveness. The push offered by government bodies and insurance companies to conduct these procedures at ambulatory surgical centers is further likely to support the rapid growth of laparoscopy instruments among these end users.

North America is expected to account for the largest share of the laparoscopic instruments market in 2020

Geographically, the laparoscopic instruments market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the laparoscopic instruments market in 2020. The large share of North America can be attributed to the favorable reimbursement scenario in the US, rising incidence of cancer, increasing investments by hospitals to purchase new laparoscopic instruments, rising number of laparoscopic procedures compared to traditional open surgeries performed in North America, and the technological advancements in laparoscopic instruments introduced by key market players in this region.

Break of primary participants was as mentioned below:

  • By Company Type – Tier 1–60%, Tier 2–30%, and Tier 3–10%
  • By Designation – C-level–30%, Director-level–50%, Others–20%
  • By Region – North America–45%, Europe–15%, Asia Pacific–25%, Latin America- 10%, Middle East and Africa–5%

Research Coverage:

The report analyzes the laparoscopic instruments market and aims at estimating the market size and future growth potential of this market based on various segments such as application type, product type, end user, and region. The report also includes a product portfolio matrix of various laparoscopy  products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

  • Market Penetration: Comprehensive information on product portfolios offered by the top players in the global laparoscopic instruments market. The report analyzes this market by product, application, and end user
  • Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global laparoscopic instruments market
  • Market Development: Comprehensive information on the lucrative emerging markets by product, application, and end user
  • Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global laparoscopic instruments market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global laparoscopic instruments market.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions Of The Study
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.3.3 Currency
1.3.4 Exchange Rates Utilized For The Conversion To Usd
1.4 Limitations
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 2 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Figure 3 Breakdown Of Primary Interviews: Supply-Side And Demand- Side Participants
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2 Market Size Estimation
Figure 5 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 6 Revenue Share Analysis Illustration: Olympus Corporation
Figure 7 Revenue Analysis Of The Top 5 Companies: Laparoscopic Instruments Market (2020)
Figure 8 Demand-Side Analysis
Figure 9 Cagr Projections: Supply-Side Analysis
Figure 10 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Of The Laparoscopic Instruments Market (2021–2026)
Figure 11 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 12 Market Data Triangulation Methodology
2.4 Market Share Analysis
2.5 Assumptions For The Study
2.6 Limitations
2.7 Risk Assessment
Table 1 Risk Assessment: Laparoscopic Instruments Market
2.8 Covid-19 Health Assessment
2.9 Covid-19 Economic Assessment
2.10 Assessment Of The Impact Of Covid-19 On The Economic Scenario
Figure 13 Criteria Impacting The Global Economy
Figure 14 Recovery Scenario Of The Global Economy
2.11 Assessment Of The Impact Of Covid-19 On The Economic Scenario In The Laparoscopic Instruments Market

3 Executive Summary
Figure 15 Laparoscopic Instruments Market, By Product, 2021 Vs. 2026
Figure 16 Laparoscopic Instruments Market, By Application, 2021 Vs. 2026
Figure 17 Laparoscopic Instruments Market, By End User, 2021 Vs. 2026
Figure 18 Geographic Snapshot: Laparoscopic Instruments Market

4 Premium Insights
4.1 Laparoscopic Instruments Market Overview
Figure 19 Increased Adoption Of Minimally Invasive Surgeries Over Open Surgeries To Drive Market Growth
4.2 Asia Pacific: Laparoscopic Instruments Market, By Application
Figure 20 General Surgery Segment To Account For The Largest Share Of The Apac Market
4.3 Laparoscopic Instruments Market: Geographic Mix
Figure 21 Us To Witness The Highest Growth In The Laparoscopic Instruments Market During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 22 Laparoscopic Instruments Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Market Drivers
5.2.1.1 Increasing Adoption Of Minimally Invasive Surgeries Over Open Surgeries
5.2.1.2 Rising Prevalence Of Colorectal Cancer
Figure 23 Growth Estimates For The Number Of New Colorectal Cancer Cases Across The Globe, 2020–2040
5.2.1.3 Increasing Number Of Laparoscopic Bariatric Procedures
Figure 24 Us: Growth In The Number Of Bariatric Surgeries, 2011–2018
Table 2 Number Of Bariatric Surgeries Performed Worldwide In 2018
5.2.1.4 Technological Advancements In The Field Of Laparoscopy
Table 3 Technological Advancements In Laparoscopic Instruments
5.2.2 Market Restraints
5.2.2.1 Reduced Medicare Payments To Healthcare Providers In The Us
Table 4 Medicare Payments For Laparoscopic Procedures, 2015 Vs. 2020
5.2.2.2 Dearth Of Trained Professionals In The Field Of Laparoscopy
Table 5 Us: Total Number Of Surgeons (2010–2017)
5.2.3 Market Opportunities
5.2.3.1 Growing Healthcare Markets In Emerging Economies
5.2.3.2 Enhancements In The Capabilities Of Laparoscopic Instruments
5.2.4 Market Challenges
5.2.4.1 Product Recalls
Table 6 List Of Product Recalls
5.2.4.2 Gaps In Infrastructural Support For Laparoscopic Procedures In Developing Countries
5.3 Number Of Laparoscopic Procedures
5.3.1 Number Of Laparoscopic Colectomy Procedures, By Country/Region, 2014–2018
5.3.2 Number Of Laparoscopic Appendectomy Procedures, By Country/Region, 2014–2018
5.3.3 Number Of Laparoscopic Cholecystectomy Procedures, By Country/Region, 2014–2018
5.3.4 Number Of Laparoscopic Inguinal Hernia Repair Procedures, By Country/Region, 2014–2018
5.3.5 Number Of Laparoscopic Hysterectomy Procedures, By Country/Region, 2014–2018
5.4 Pricing Analysis
Figure 25 Average Selling Price Contribution Of Various Components In A Flexible Laparoscope
Figure 26 Average Selling Price Contribution Of Various Components In A Rigid Laparoscope
Table 7 Various Specifications For Laparoscopes
Table 8 Average Selling Price Of Laparoscopes
5.5 Value Chain Analysis
Figure 27 Laparoscopic Instruments Market: Value Chain Analysis
5.6 Ecosystem Market Map
Figure 28 Laparoscopic Instruments Market: Ecosystem Market Map
5.7 Porter’s Five Forces Analysis
Table 9 Laparoscopic Instruments Market: Porter’s Five Forces Analysis
5.7.1 Intensity Of Competitive Rivalry
5.7.2 Bargaining Power Of Suppliers
5.7.3 Bargaining Power Of Buyers
5.7.4 Threat Of Substitutes
5.7.5 Threat Of New Entrants
5.8 Supply Chain Analysis
Figure 29 Laparoscopic Instruments Market: Supply Chain Analysis
5.9 Impact Of Covid-19 On The Laparoscopic Instruments Market
5.10 Regulatory Analysis
5.10.1 North America
5.10.1.1 Us
Table 10 Us Fda: Medical Device Classification
Table 11 Us: Medical Device Regulatory Approval Process
5.10.1.2 Canada
Table 12 Canada: Medical Device Regulatory Approval Process
Figure 30 Canada: Class Ii Medical Devices Approval Process
5.10.2 Europe
Figure 31 Europe: Ce Approval Process For Class Iia Medical Devices
5.10.3 Asia Pacific
5.10.3.1 Japan
Table 13 Japan: Medical Device Classification Under Pmda
5.10.3.2 China
Table 14 China: Regulatory Bodies Appointed For Medical Device Approval
Table 15 China: Classification Of Medical Devices
5.10.3.3 India
5.11 Patent Analysis
5.11.1 Patent Publication Trends For Laparoscopes
Figure 32 Patent Publication Trends (2015–2020)
5.11.2 Top Applicants (Companies/Institutions) For Laparoscope Patents
Figure 33 Top Applicants (Companies/Institutions) For Laparoscope Patents (2015–2021)
5.11.3 Jurisdiction Analysis: Top Applicants (Countries) For Laparoscope Patents
Figure 34 Top Applicant Countries For Laparoscope Patents (2015–2021)
5.12 Technological Analysis
5.12.1 Key Technology
5.12.1.1 Application Of Vision Systems
5.12.1.2 Complementary Technology
5.12.1.2.1 Robot-Assisted Surgeries
5.12.1.3 Adjacent Technology
5.12.1.3.1 Haptic And Sensory Feedback
5.13 Trend Analysis
Table 16 Some Of The Import/Export Trades Related To Laparoscopes

6 Laparoscopic Instruments Market, By Product
6.1 Introduction
Table 17 Laparoscopic Instruments Market, By Product, 2019–2026 (Usd Million)
6.2 Medical Laparoscopic Robots
6.2.1 Medical Robots Accounted For The Largest Share In The Laparoscopic Instruments Market In 2020
Table 18 Medical Laparoscopic Robots Market, By Country, 2019–2026 (Usd Million)
6.3 Laparoscopes
Table 19 Laparoscopes Available In The Market
Figure 35 Laparoscopes Market, By Type, 2019–2026 (Usd Million)
Table 20 Laparoscopes Market, By Type, 2019–2026 (Usd Million)
Table 21 Laparoscopes Market, By Type, 2019–2026 (Thousand Units)
Table 22 Laparoscopes Market, By Country, 2019–2026 (Usd Million)
Table 23 Laparoscopes Market, By Region, 2019–2026 (Thousand Units)
6.3.1 Video Laparoscopes
6.3.1.1 Video Laparoscopes Dominate The Laparoscopes Market
Table 24 Video Laparoscopes Available In The Market
Table 25 Video Laparoscopes Market, By Country, 2019–2026 (Usd Million)
Table 26 Video Laparoscopes Market, By Region, 2019–2026 (Thousand Units)
6.3.2 Fiber Laparoscopes
6.3.2.1 High-Definition Imaging Capabilities Drive The Growth Of The Fiber Laparoscopes Market
Table 27 Laparoscopes Available In The Market
Table 28 Fiber Laparoscopes Market, By Country, 2019–2026 (Usd Million)
Table 29 Fiber Laparoscopes Market, By Region, 2019–2026 (Thousand Units)
6.4 Energy Devices
6.4.1 Increasing Demand For Reusable Monopolar And Bipolar Coagulation Energy Devices Drives The Market Growth
Table 30 Energy Devices Available In The Market
Table 31 Energy Devices Market, By Country, 2019–2026 (Usd Million)
6.5 Closure Devices
6.5.1 Technological Advancements In Closure Devices Drives Market Growth
Table 32 Closure Devices Available In The Market
Table 33 Closure Devices Market, By Country, 2019–2026 (Usd Million)
6.6 Hand Instruments
6.6.1 Increasing Number Of General Laparoscopic Surgeries Drive The Growth Of Hand Instruments
Table 34 Hand Instruments Available In The Market
Table 35 Hand Instruments Market, By Country, 2019–2026 (Usd Million)
6.7 Access Devices
6.7.1 Access Devices Are Required To Create And Maintain Ports Of Entrance For Other Instruments
Table 36 Access Devices Available In The Market
Table 37 Access Devices Market, By Country, 2019–2026 (Usd Million)
6.8 Accessories
6.8.1 Increasing Surgical Volumes Drive Demand For Accessories
Table 38 Laparoscopic Accessories & Their Functionalities
Table 39 Laparoscopic Accessories Available In The Market
Table 40 Laparoscopic Accessories Market, By Country, 2019–20206 (Usd Million)
6.9 Insufflators
6.9.1 Rising Number Of Laparoscopic Surgeries Performed Boosts The Market For Co2 Insufflators
Table 41 Insufflators Available In The Market
Table 42 Insufflators Market, By Country, 2019–2026 (Usd Million)
Table 43 Insufflators Market, By Region, 2019–2026 (Thousand Units)
6.10 Suction/Irrigation Systems
6.10.1 Growing Trend Toward Integrated Fluid Management Systems For Laparoscopic Procedures Drives The Market Growth
Table 44 Suction/Irrigation Systems Available In The Market
Table 45 Suction/Irrigation Systems Market, By Country, 2019–2026 (Usd Million)

7 Laparoscopic Instruments Market, By Application
7.1 Introduction
Table 46 Laparoscopic Instruments Market, By Application, 2019–2026 (Usd Million)
7.2 General Surgery
7.2.1 Preference For Laparoscopy Techniques Is Increasing In Appendectomy, Cholecystectomy, And Hernia Repair
Table 47 Evolution Of Laparoscopy For Common Procedures In General Surgery
Table 48 Laparoscopic Cholecystectomy Procedures Performed In Hospitals (Per 100,000 Inhabitants), By Country, 2018
Table 49 Laparoscopic Inguinal Hernia Repair And Appendectomy Procedures Performed In Hospitals (Per 100,000 Inhabitants), By Country, 2013 Vs. 2018
Table 50 Laparoscopic Instruments Market For General Surgery, By Country, 2019–2026 (Usd Million)
7.3 Gynecological Surgery
7.3.1 The Number Of Laparoscopic Hysterectomies Has Increased In Recent Years
Table 51 Laparoscopic Hysterectomy Procedures Performed In Hospitals (Per 100,000 Inhabitants), By Country, 2013 Vs. 2018
Table 52 Laparoscopic Instruments Market For Gynecological Surgery, By Country, 2019–2026 (Usd Million)
7.4 Colorectal Surgery
7.4.1 Increasing Incidence Of Colorectal Cancer Across The Globe To Drive Market Growth
Table 53 Estimated Number Of New Cases Of Colon, Rectal, And Anal Cancer, By Region, 2020 Vs. 2040 (Thousand)
Table 54 Laparoscopic Instruments Market For Colorectal Surgery, By Country, 2019–2026 (Usd Million)
7.5 Bariatric Surgery
7.5.1 Advancements In Laparoscopic Techniques To Improve Bariatric Surgical Outcomes To Drive Market Growth
Figure 36 Growth In The Number Of Laparoscopic Sleeve Gastrectomy Surgical Procedures In The Us, 2011–2019
Table 55 Laparoscopic Instruments Market For Bariatric Surgery, By Country, 2019–2026 (Usd Million)
7.6 Urological Surgery
7.6.1 Increasing Incidence Of Urological Diseases To Drive Market Growth
Table 56 Laparoscopic Instruments Market For Urological Surgery, By Country, 2019–2026 (Usd Million)
7.7 Pediatric Surgery
7.7.1 Laparoscopic Surgical Procedures For Pediatric Applications Have Witnessed Slower Adoption
Table 57 Laparoscopic Instruments Market For Pediatric Surgery, By Country, 2019–2026 (Usd Million)

8 Laparoscopic Instruments Market, By End User
8.1 Introduction
Table 58 Laparoscopic Instruments Market, By End User, 2019–2026 (Usd Million)
8.2 Hospitals
8.2.1 Hospitals Are The Largest End Users Of Laparoscopic Instruments
Table 59 Laparoscopic Instruments Market For Hospitals, By Country, 2019–2026 (Usd Million)
8.3 Ambulatory Surgical Centers
8.3.1 Increasing Number Of Centers Will Drive The Market Growth
Table 60 Medicare Reimbursement Rates For Laparoscopic Procedures For Ambulatory Surgical Centers And Hospitals In 2021
Table 61 Laparoscopic Instruments Market For Ambulatory Surgical Centers, By Country, 2019–2026 (Usd Million)

9 Laparoscopic Instruments Market, By Region

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