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Global Laparoscopic Instruments Market, By Product, By Application, By End-User, By Region, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2017-2027

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  • 159 Pages
  • May 2021
  • Region: Africa, Global, Latin America
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5350173

Global Laparoscopic Instruments Market Thriving: Projected to touch USD 22.2 Billion by 2027, growing at the CAGR of 11.5% in the Forecast Period

A recent study conducted revealed that the global laparoscopic instrument market was worth USD 10.5 billion in the year 2020. It is estimated to grow at a CAGR of 11.5%, earning revenue of around USD 22.2 billion by the end of 2027. Because of the increasing prevalence of obesity, a large number of people are approaching hospitals for bariatric surgeries such as gastric bypass, adjustable gastric band, and so on. As a result, the demand for laparoscopic instruments is surging, propelling the market growth.

Expansion of Healthcare Facilities is Propelling Market Growth

With the advancement of healthcare facilities and the admission of more skilled and experienced healthcare providers, people are putting their faith in surgeons for every type of surgery. This factor has contributed significantly towards the growth of the market as the demand for laparoscopic instruments is increasing by leaps and bounds. The number of hospitals and private clinics is also increasing, which is doubling the frequency of surgeries performed in specific regions. This is yet another factor driving the demand for laparoscopic instruments.

Technological Advancements in Healthcare Industry is Driving the Market Forward

Through technological advancements, the healthcare industry is flourishing rapidly over the past few years. The implementation of cutting-edge technical devices enables surgeons to capture high-quality images that aid in the surgical process. Furthermore, companies are working on the creation of smaller laparoscopic instruments that ensure minimal bleeding while maintaining high precision. As a result, the success rate of various types of surgeries is increasing, driving up demand for laparoscopic instruments. New technology, such as the implementation of surgical robotic systems, reduces the complexities and risks associated with these procedures, thus leading to market growth.

Demand for Bariatric Surgery is Expected to Gain Momentum in the Forecast Period

Bariatric surgery is also known as weight-loss surgery. As the name indicates, this type of surgery is performed on obese people who wish to lose weight. Obesity is afflicting the majority of the world's population as a result of changing lifestyles, which is pushing up demand for laparoscopic instruments as more patients undergo bariatric surgery at hospitals. Furthermore, due to prevailing beauty stereotypes, even overweight people with no medical problems are undergoing these procedures, increasing the demand for laparoscopic instruments in the industry.

Global Laparoscopic Instruments Market - Regional Insights

Geographically, the global laparoscopic instrument market is categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle-East & Africa (MEA). North America recorded the largest market share in the year 2020, followed by Europe. The factors contributing to this dominance are the rising prevalence of obesity in this region, as well as increased awareness of the benefits of surgeries. However, Asia-Pacific is estimated to hold great potential for the laparoscopic instruments market and is expected to grow during the forecast period.

Impact of Covid-19 in the Global Laparoscopic Instruments Market

In light of the pandemic and the spread of coronavirus, the government of different countries implemented a lockdown to prevent virus transmission. As a result, the production units were shut down because the operations had to be halted immediately. This ended up creating a huge demand and supply gap in the market. Additionally, people were unable to visit healthcare facilities because they were the most vulnerable to infections, putting both patients and healthcare staff at risk. As a result, demand for laparoscopic instruments fell precipitously, weighing on market growth.

Competitive Landscape

The key players in the global laparoscopic instruments market are Becton, Dickinson And Company, B. Braun Melsungen AG, Smith & Nephew PLC, Medtronic PLC, Cook Medical LLC, Fujifilm Holdings Corporation, Olympus Corporation, Stryker Corporation, Richard Wolf GmbH, KARL STORZ SE & Co. KG, Aesculap, Microline Surgical, Boston Scientific, Apollo Endosurgery, Ethicon Inc., Olympus Corporation, Millennium Surgical Corp, CooperSurgical, Inc., Stryker Corporation, and other prominent players. In the case of laparoscopic instruments, the competitive environment is very dense because companies are actively implementing marketing strategies such as mergers, acquisitions, alliances, and so on, in order to broaden their product range and dominate in various regions.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global laparoscopic instrument market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global laparoscopic instrument market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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Frequently Asked Questions about the Global Laparoscopic Instruments Market

What is the estimated value of the Global Laparoscopic Instruments Market?

The Global Laparoscopic Instruments Market was estimated to be valued at $11.6 Billion in 2021.

What is the growth rate of the Global Laparoscopic Instruments Market?

The growth rate of the Global Laparoscopic Instruments Market is 11.5%, with an estimated value of $22.2 Billion by 2027.

What is the forecasted size of the Global Laparoscopic Instruments Market?

The Global Laparoscopic Instruments Market is estimated to be worth $22.2 Billion by 2027.

Who are the key companies in the Global Laparoscopic Instruments Market?

Key companies in the Global Laparoscopic Instruments Market include Becton, Dickinson And Company, B. Braun Melsungen AG, Smith & Nephew PLC, Medtronic PLC, Cook Medical LLC, Fujifilm Holdings Corporation, Olympus Corporation and Richard Wolf GmbH.

Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.2. Quantitative Research
2.3. Breakdown of Primary Research Respondents
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Laparoscopic Instruments Market - Industry Insights
4.1. DROC Analysis
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Strategic Outlook
5. Global Laparoscopic Instruments Market Overview
5.1. Market Estimates & Forecast by Value, 2017-2027
5.2. Market Share & Forecast
6. North America Laparoscopic Instruments Market Overview
6.1. Market Size and Forecast
6.2. Market Share and Forecast
7. Europe Laparoscopic Instruments Market Overview
7.1. Market Size and Forecast
7.2. Market Share and Forecast
8. APAC Laparoscopic Instruments Market Overview
8.1. Market Size and Forecast
8.2. Market Share and Forecast
9. LATAM Laparoscopic Instruments Market Overview
9.1. Market Size and Forecast
9.2. Market Share and Forecast
10. MEA Laparoscopic Instruments Market Overview
10.1. Market Size and Forecast
10.2. Market Share and Forecast
11. Competitive Landscape
12.COVID-19 Impact
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.4. Regional Impact
13.Key Strategic Recommendations
14. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
14.1. Becton, Dickinson And Company
14.2. B. Braun Melsungen AG
14.3. Smith & Nephew PLC
14.4. Medtronic PLC
14.5. Cook Medical LLC
14.6. Fujifilm Holdings Corporation
14.7. Olympus Corporation
14.8. Stryker Corporation
14.9. Richard Wolf GmbH
14.10. KARL STORZ SE & Co. KG
14.11. Aesculap
14.12. Microline Surgical
14.13. Boston Scientific
14.14. Apollo Endosurgery
14.15. Ethicon Inc.
14.16. Olympus Corporation
14.17. Millennium Surgical Corp
14.18. CooperSurgical, Inc.
14.19. Stryker Corporation
14.20. Other Prominent Players

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Becton
  • Dickinson And Company
  • B. Braun Melsungen AG
  • Smith & Nephew PLC
  • Medtronic PLC
  • Cook Medical LLC
  • Fujifilm Holdings Corporation
  • Olympus Corporation
  • Stryker Corporation
  • Richard Wolf GmbH
  • Aesculap
  • Microline Surgical
  • Boston Scientific
  • Apollo Endosurgery
  • Ethicon Inc.
  • Olympus Corporation
  • Millennium Surgical Corp
  • CooperSurgical Inc.
  • Stryker Corporation.