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Laparoscopy Devices Market by Product, Application and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118714
  • Report
  • April 2020
  • Region: Global
  • 286 pages
  • Allied Analytics LLP

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FEATURED COMPANIES

  • B. Braun Melsungen AG
  • ConMed Corporation
  • Johnson & Johnson
  • Karl Storz SE & CO. KG
  • Medtronic plc (Covidien)
  • Olympus Corporation
  • MORE
The global laparoscopy devices market was valued at $12,067.60 million in 2019, and is projected to reach $18,907.05 million by 2027, registering a CAGR of 5.8%. Laparoscopy is a minimally invasive procedure used to examine organs inside the abdomen or pelvic cavities by inserting a laparoscope through a small incision in the abdomen. A laparoscope comprises a long, thin tube with high-intensity light and high-resolution camera attached in the front. The camera transmits images to the monitor as it travels through the abdomen. Laparoscopy is used for diagnosis and treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids. Rise in cases of morbid obesity at global level is the major factor that drives market growth. In addition, growth in bariatric surgeries performed globally to reduce weight enhances market growth. As per data published by the American Society for Metabolic & Bariatric Surgery (ASMBS), in 2018, the total number of bariatric surgeries performed in America alone were 252,000. However, dearth of skilled professionals and the high cost of these devices restrain market growth. Furthermore, increase in adoption of robot-assisted laparoscopic surgeries and introduction of innovative laparoscopic devices in the market offer lucrative opportunities for market growth.

The global laparoscopy devices market is segmented on the basis of product, application, end user, and region. By product, it is classified into laparoscopes, energy devices, insufflators, robot-assisted surgical systems, suction or irrigation systems, closure devices, hand instruments, access devices, accessories, and others. By application, it is categorized into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others.  

General surgery application is further classified into cholecystectomies, hernia repairs, appendectomies, anti-reflux surgeries, and others, whereas bariatric surgery application is classified into gastric bypass, sleeve gastrectomy, gastric banding, and others. Furthermore, on the basis of end user, it is divided into hospitals, clinics, and others.

In addition, the energy devices segment accounted for the highest market share in 2019, and is anticipated to lead throughout the forecast period, owing to technological advancements in the field of energy devices that aids in more precise and safe laparoscopic procedures. The bariatric surgery segment possesses high market potential, owing to surge in number of gastric bypass, sleeve gastrectomy, and gastric banding surgeries.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America has accounted for the highest market share in 2019, and is expected to retain its dominance throughout the forecast period. This is attributed to factors such as technologically advanced laparoscopy surgeries and significant increase in bariatric surgeries due to high number of obese populations. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019 to 2027, which assists to identify the prevailing market opportunities.
  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global laparoscopy devices market is provided.
  • An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET SEGMENTS

By Product Type
  • Laparoscopes
  • Energy Devices
  • Insufflators
  • Robot-Assisted Surgery Systems
  • Suction or Irrigation Systems
  • Closure Devices
  • Hand Instruments
  • Access Devices
  • Accessories
  • Others
By Application
  • General Surgery
  • Cholecystectomies
  • Hernia Repairs
  • Appendectomies
  • Anti-Reflux Surgeries
  • Others
  • Bariatric Surgery
  • Gastric Bypass
  • Sleeve Gastrectomy
  • Gastric Banding
  • Others
  • Gynecological Surgery
  • Urological Surgery
  • Colorectal Surgery
  • Others
By End User
  • Hospitals
  • Clinics
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • Japan
  • India
  • China
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Turkey
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
KEY MARKET PLAYERS
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • ConMed Corporation
  • Johnson & Johnson
  • Karl Storz SE & CO. KG
  • Medtronic plc (Covidien)
  • Olympus Corporation
  • Richard Wolf GmbH
  • Smith & Nephew plc
  • Stryker Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • B. Braun Melsungen AG
  • ConMed Corporation
  • Johnson & Johnson
  • Karl Storz SE & CO. KG
  • Medtronic plc (Covidien)
  • Olympus Corporation
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits to the Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter 2: Executive Summary
2.1. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Regulation and Reimbursement Scenario
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growth in Preference for Minimally Invasive Procedures
3.5.1.2. Increase in Number of Bariatric Procedures Using Laparoscopes
3.5.1.3. Technologically Advanced Laparoscopy Devices
3.5.1.4. Rise in Incidences of Colorectal Cancer
3.5.2. Restraints
3.5.2.1. Dearth of Skilled Professionals
3.5.2.2. High Cost of Laparoscopic Devices and Procedures
3.5.2.3. Post-Operative Risks Associated With Laparoscopy Surgeries
3.5.3. Opportunities
3.5.3.1. Untapped Emerging Economies
3.5.3.2. Growth in Adoption of Robot-Assisted Laparoscopy Devices

Chapter 4: Laparoscopy Devices Market, by Product
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Laparoscopes
4.2.1. Key Market Trends and Opportunities
4.2.2. Market Size and Forecast
4.3. Energy Devices
4.3.1. Key Market Trends and Opportunities
4.3.2. Market Size and Forecast
4.4. Insufflators
4.4.1. Key Market Trends and Opportunities
4.4.2. Market Size and Forecast
4.5. Robot-Assisted Surgical Systems
4.5.1. Key Market Trends and Opportunities
4.5.2. Market Size and Forecast
4.6. Suction or Irrigation Systems
4.6.1. Key Market Trends and Opportunities
4.6.2. Market Size and Forecast
4.7. Closure Devices
4.7.1. Key Market Trends and Opportunities
4.7.2. Market Size and Forecast
4.8. Hand Instruments
4.8.1. Key Market Trends and Opportunities
4.8.2. Market Size and Forecast
4.9. Access Devices
4.9.1. Key Market Trends and Opportunities
4.9.2. Market Size and Forecast
4.10. Accessories
4.10.1. Key Market Trends and Opportunities
4.10.2. Market Size and Forecast
4.11. Others
4.11.1. Key Market Trends and Opportunities
4.11.2. Market Size and Forecast

Chapter 5: Laparoscopy Devices Market, by Application
5.1. Overview
5.1.1. Market Size and Forecast
5.2. General Surgery
5.2.1. Market Size and Forecast
5.2.2. Cholecystectomies
5.2.2.1. Market Size and Forecast
5.2.3. Hernia Repairs
5.2.3.1. Market Size and Forecast
5.2.4. Appendectomies
5.2.4.1. Market Size and Forecast
5.2.5. Anti-Reflux Surgeries
5.2.5.1. Market Size and Forecast
5.2.6. Others
5.2.6.1. Market Size and Forecast
5.3. Bariatric Surgery
5.3.1. Market Size and Forecast
5.3.2. Gastric Bypass
5.3.2.1. Market Size and Forecast
5.3.3. Sleeve Gastrectomy
5.3.3.1. Market Size and Forecast
5.3.4. Gastric Banding
5.3.4.1. Market Size and Forecast
5.3.5. Others
5.3.5.1. Market Size and Forecast
5.4. Gynecological Surgery
5.4.1. Market Size and Forecast
5.5. Urological Surgery
5.5.1. Market Size and Forecast
5.6. Colorectal Surgery
5.6.1. Market Size and Forecast
5.7. Others
5.7.1. Market Size and Forecast

Chapter 6: Laparoscopy Devices Market, by End-user
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Hospitals
6.2.1. Market Size and Forecast
6.3. Clinics
6.3.1. Market Size and Forecast
6.4. Others
6.4.1. Market Size and Forecast

Chapter 7: Laparoscopy Devices Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. Market Size and Forecast, by Country
7.2.3. Market Size and Forecast, by Product
7.2.4. Market Size and Forecast, by Application
7.2.5. Market Size and Forecast, by End-user
7.2.6. U. S.
7.2.6.1. Market Size and Forecast, by Product
7.2.6.2. Market Size and Forecast, by Application
7.2.6.3. Market Size and Forecast, by End-user
7.2.7. Canada
7.2.7.1. Market Size and Forecast, by Product
7.2.7.2. Market Size and Forecast, by Application
7.2.7.3. Market Size and Forecast, by End-user
7.2.8. Mexico
7.2.8.1. Market Size and Forecast, by Product
7.2.8.2. Market Size and Forecast, by Application
7.2.8.3. Market Size and Forecast, by End-user
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Market Size and Forecast, by Country
7.3.3. Market Size and Forecast, by Product
7.3.4. Market Size and Forecast, by Application
7.3.5. Market Size and Forecast, by End-user
7.3.6. UK
7.3.6.1. Market Size and Forecast, by Product
7.3.6.2. Market Size and Forecast, by Application
7.3.6.3. Market Size and Forecast, by End-user
7.3.6.4. France Market Size and Forecast
7.3.6.5. Market Size and Forecast, by Product
7.3.6.6. Market Size and Forecast, by Application
7.3.6.7. Market Size and Forecast, by End-user
7.3.7. Germany
7.3.7.1. Market Size and Forecast, by Product
7.3.7.2. Market Size and Forecast, by Application
7.3.7.3. Market Size and Forecast, by End-user
7.3.8. Rest of Europe
7.3.8.1. Market Size and Forecast, by Product
7.3.8.2. Market Size and Forecast, by Application
7.3.8.3. Market Size and Forecast, by End-user
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Market Size and Forecast
7.4.3. Japan
7.4.3.1. Market Size and Forecast, by Product
7.4.3.2. Market Size and Forecast, by Application
7.4.3.3. Market Size and Forecast, by End-user
7.4.4. China
7.4.4.1. Market Size and Forecast, by Product
7.4.4.2. Market Size and Forecast, by Application
7.4.4.3. Market Size and Forecast, by End-user
7.4.5. Australia
7.4.5.1. Market Size and Forecast, by Product
7.4.5.2. Market Size and Forecast, by Application
7.4.5.3. Market Size and Forecast, by End-user
7.4.6. India
7.4.6.1. Market Size and Forecast, by Product
7.4.6.2. Market Size and Forecast, by Application
7.4.6.3. Market Size and Forecast, by End-user
7.4.7. Rest of Asia-Pacific
7.4.7.1. Market Size and Forecast, by Product
7.4.7.2. Market Size and Forecast, by Application
7.4.7.3. Market Size and Forecast, by End-user
7.5. LAMEA
7.5.1. Key Market Trends and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Market Size and Forecast
7.5.4. Market Size and Forecast
7.5.5. Market Size and Forecast
7.5.6. Market Size and Forecast
7.5.7. Market Size and Forecast
7.5.8. Brazil
7.5.8.1. Market Size and Forecast, by Product
7.5.8.2. Market Size and Forecast, by Application
7.5.8.3. Market Size and Forecast, by End-user
7.5.9. Saudi Arabia
7.5.9.1. Market Size and Forecast, by Product
7.5.9.2. Market Size and Forecast, by Application
7.5.9.3. Market Size and Forecast, by End-user
7.5.10. South Africa
7.5.10.1. Market Size and Forecast, by Product
7.5.10.2. Market Size and Forecast, by Application
7.5.10.3. Market Size and Forecast, by End-user
7.5.11. Rest of LAMEA
7.5.11.1. Market Size and Forecast, by Product
7.5.11.2. Market Size and Forecast, by Application
7.5.11.3. Market Size and Forecast, by End-user

Chapter 8: Company Profiles
8.1. B. Braun Melsungen AG
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves and Developments
8.2. Boston Scientific Corporation
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves and Developments
8.3. Conmed Corporation
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.4. Johnson & Johnson
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.4.6. Key Strategic Moves and Developments
8.5. Karl Storz Se & Co. Kg
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.6. Medtronic plc. (Covidien)
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.6.6. Key Strategic Moves and Developments
8.7. Olympus Corporation
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves and Developments
8.8. Richard Wolf GmbH
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.9. Smith & Nephew plc
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.10. Stryker Corporation
8.10.1. Company Overview
8.10.2. Operating Business Segments
8.10.3. Product Portfolio
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown

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FEATURED COMPANIES

  • B. Braun Melsungen AG
  • ConMed Corporation
  • Johnson & Johnson
  • Karl Storz SE & CO. KG
  • Medtronic plc (Covidien)
  • Olympus Corporation
  • MORE
According to the report titled, 'Laparoscopy devices Market by Product, Application, and End User: Opportunity Analysis and Industry Forecast, 2020-2027, "the global laparoscopy devices market size was valued at $12,067.60 million in 2019, and is projected to reach $18,907.05 million by 2027, registering a CAGR of 5.8%. Laparoscopy is a minimally invasive surgical procedure that assists in diagnosis of various abdominal and pelvic disorders, such as cysts, adhesions, fibroids, and infection that occurs in female pelvic organs. Laparoscopy is also known as 'keyhole” surgery, and is performed by creating a small incision in the abdomen. Laparoscopes are inserted through a small incision in the abdomen, which captures pictures of abdominal organs. This procedure also assists in performing a biopsy of tissues and surgeries, such as cholecystectomy (laparoscopic gallbladder surgery), appendectomies (removal of appendix) and anti-reflux surgery, treatment for acid reflux, also known as GERD (gastroesophageal reflux disease).

The key factors that drive the global laparoscopy devices market include rise in number of obese populations, growth in laparoscopic-based bariatric surgeries for weight reduction, and increase in technological advancements pertaining to these devices. However, lack of expertise in laparoscopic surgeries and high costs associated with these devices and procedures are anticipated to restrain the laparoscopy devices market growth.

The energy devices segment accounted for more than one-fourth of the global market in 2019. This segment is anticipated to maintain its dominance during the forecast period, accounting for maximum laparoscopy devices market share by 2027. This is due to increase in advancements pertaining to energy devices used for laparoscopy and large-scale incorporation of these devices in laparoscopic applications. However, the laparoscope segment is anticipated to grow at a rapid rate during the forecast period.

The robot-assisted surgical system is anticipated to grow at the highest CAGR, attributed to the ability of these devices to facilitate minimally invasive surgical procedures. The global acceptance for robotic-based surgery for hysterectomies, prostatectomies, nephrectomies, removal of fibroids, and others has increased the demand for laparoscopy-based surgeries.

Bariatric surgery accounted for about one-fifth of the total share in 2019, driven by the growth in number of surgeries, such as gastric bypass, sleeve gastrectomy, and gastric banding. The growth in obese patients is expected to increase chances of related diseases, such as cardiovascular diseases, cancer, osteoarthritis, and diabetes, in turn increasing the demand for laparoscopic based bariatric surgery globally.

Key Findings Of The Study

The robot-assisted surgical systems segment is projected to grow at a lucrative CAGR of 6.8% during the forecast period.
The general surgery segment was the highest contributor to the market in 2018, and is expected to grow at a CAGR of 4.9% during the forecast period.
U.S. dominated the North America laparoscopy devices market, and is projected to retain this trend throughout the forecast period.
By end user segment, the clinics segment is estimated to grow at a CAGR of 6.0%.

In 2019, North America was the leading revenue contributor to the global laparoscopy devices market, owing to increase in geriatric population and prevalence of gastrointestinal & abdominal diseases in the region. Europe has the second largest share in the global laparoscopy devices market. However, large population base, increased affordability, and improvement in healthcare facilities are expected to fuel the growth of the Asia-Pacific laparoscopy devices market.

The key players operating in the global laparoscopy devices market are B. Braun Melsungen AG, Boston Scientific Corporation, ConMed Corporation, Johnson & Johnson, Karl Storz SE & CO. KG, Medtronic plc (Covidien), Olympus Corporation, Richard Wolf GmbH, Smith & Nephew plc and Stryker Corporation.
Note: Product cover images may vary from those shown
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • ConMed Corporation
  • Johnson & Johnson
  • Karl Storz SE & CO. KG
  • Medtronic plc (Covidien)
  • Olympus Corporation
  • Richard Wolf GmbH
  • Smith & Nephew plc and Stryker Corporation
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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