The global laparoscopy instruments market size was estimated to be USD 14.72 billion in 2023 and is expected to reach at USD 38.80 billion by 2034 with a CAGR of 9.21% during the forecast period 2024-2034. Growing prevalence of obesity, rising demand for laparoscopic surgery, surge in number of patients suffering from health issues such as uterine fibroids & endometriosis, increasing number of hysterectomy & myomectomy procedures, growing supportive government policies, rising preference for minimally invasive surgical methods, and surge in launch of advanced surgery products are some of the key factors boosting the market growth.
Surge in launch of advanced surgery products is predicted to boost the market growth during the forecast period. Devices for laparoscopy are often employed in both diagnostic and therapeutic treatments for a variety of ailments, including prostatectomy, pancreatic cancer, and digestive issues. The use of these tools during surgical operations helps to preserve hemostasis and ensures minimal bleeding. Laparoscopy equipment is favored by both surgeons and medical professionals as it offers the high level of accuracy during operations. For instance, in September 2022, Olympus Corporation has recently launched the THUNDERBEAT Open Fine Jaw Type X surgical energy equipment designed for open surgeries. Featuring an extra thermal shield, this device enhances safety throughout procedures and is now accessible for purchase in the Japanese market.
By product, energy systems was the highest revenue-grossing segment in the global laparoscopy instruments market in 2023 owing to growing technological advancements in electrosurgical devices, increasing launch of innovative energy devices by major market players, and rising approvals by regulatory authorities. For instance, in September 2022, OmniGuide has been granted a recent patent by the European Patent Office for their laparoscopic handpiece designed for FlexAssure CO2 Flexible Instruments, identified with the Patent Number 3193695. Additionally, insufflation device is predicted to grow at fastest CAGR during the forecast period owing to the increasing prevalence of chronic diseases including colorectal cancer and growing need for laparoscopic surgery to treat colorectal cancer.
By application, bariatric surgery was the highest revenue-grossing segment in the global laparoscopy instruments market in 2023 owing to rising prevalence of obesity, increasing demand for disposable laparoscopic devices, surge in government awareness initiatives regarding unhealthy food/drinks and their impact on BMI. Additionally, general surgeries is predicted to grow at fastest CAGR during the forecast period owing to the increasing prevalence of chronic disorders, surge in number of general surgeries, rising number of surgeons, and growing approvals by regulatory bodies. For instance, In September 2022, Xenocor, a medical device company located in Utah, has received FDA clearance for an upgraded iteration of their Saberscope. This Saberscope is recognized as the world's initial true high-definition, single-use laparoscope that remains fog-free and offers articulation. It is created with the aim of enhancing patient safety, cost-effectiveness, and streamlining procedures by addressing challenges like fogging, smoke, steam, workflow intricacies, and waste.
By end-user, hospital was the highest revenue-grossing segment in the global laparoscopy instruments market in 2023 owing to surge in the number of patients suffering from chronic diseases, rising surgical procedures, increasing number of laparoscopic surgeries done at hospitals, and growing demand for laparoscopic devices in hospitals. Additionally, ambulatory surgical centers is predicted to grow at fastest CAGR during the forecast period owing to a strong preference for outpatient surgery and the affordability of laparoscopic operations performed in ambulatory surgical centers, growing adoption of minimally invasive surgeries, and increasing focus on providing cutting-edge technology for minimally invasive procedures in virtually all surgical specialties. For instance, in February, 2023, A Memorandum of Understanding between Asensus Surgical, Inc. and KARL STORZ VentureONE Pte. Ltd. has been established, with a focus on endoscopic tools, devices, and medical equipment, including systems for laparoscopic vision.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising dependence on laparoscopic surgeries compared to open surgeries, increasing product innovation, surge in recommendation of laparoscopy over traditional surgeries by surgeons, growing healthcare expenditure rising prevalence of obesity, increasing adoption of minimally-invasive surgeries, and surge mergers & acquisitions within market players. For instance, in January 2022, Stryker has revealed plans to acquire Vocera Communications Inc., a move aimed at expanding its presence in the medical devices sector. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of surgical procedures, growing number of advanced & well-equipped hospitals, increasing technological advancements, increasing investment by major market players, and rising launch of advanced systems by market players. For instance, in October 2022, SIMS Hospitals (SRM Institutes for Medical Science), a top-tier multi-specialty hospital in the city, has unveiled the Versius Robotic Surgical System at its Vadapalani facility, making it the first-of-its-kind laparoscopic surgical equipment in use.
Surge in launch of advanced surgery products is predicted to boost the market growth during the forecast period. Devices for laparoscopy are often employed in both diagnostic and therapeutic treatments for a variety of ailments, including prostatectomy, pancreatic cancer, and digestive issues. The use of these tools during surgical operations helps to preserve hemostasis and ensures minimal bleeding. Laparoscopy equipment is favored by both surgeons and medical professionals as it offers the high level of accuracy during operations. For instance, in September 2022, Olympus Corporation has recently launched the THUNDERBEAT Open Fine Jaw Type X surgical energy equipment designed for open surgeries. Featuring an extra thermal shield, this device enhances safety throughout procedures and is now accessible for purchase in the Japanese market.
By product, energy systems was the highest revenue-grossing segment in the global laparoscopy instruments market in 2023 owing to growing technological advancements in electrosurgical devices, increasing launch of innovative energy devices by major market players, and rising approvals by regulatory authorities. For instance, in September 2022, OmniGuide has been granted a recent patent by the European Patent Office for their laparoscopic handpiece designed for FlexAssure CO2 Flexible Instruments, identified with the Patent Number 3193695. Additionally, insufflation device is predicted to grow at fastest CAGR during the forecast period owing to the increasing prevalence of chronic diseases including colorectal cancer and growing need for laparoscopic surgery to treat colorectal cancer.
By application, bariatric surgery was the highest revenue-grossing segment in the global laparoscopy instruments market in 2023 owing to rising prevalence of obesity, increasing demand for disposable laparoscopic devices, surge in government awareness initiatives regarding unhealthy food/drinks and their impact on BMI. Additionally, general surgeries is predicted to grow at fastest CAGR during the forecast period owing to the increasing prevalence of chronic disorders, surge in number of general surgeries, rising number of surgeons, and growing approvals by regulatory bodies. For instance, In September 2022, Xenocor, a medical device company located in Utah, has received FDA clearance for an upgraded iteration of their Saberscope. This Saberscope is recognized as the world's initial true high-definition, single-use laparoscope that remains fog-free and offers articulation. It is created with the aim of enhancing patient safety, cost-effectiveness, and streamlining procedures by addressing challenges like fogging, smoke, steam, workflow intricacies, and waste.
By end-user, hospital was the highest revenue-grossing segment in the global laparoscopy instruments market in 2023 owing to surge in the number of patients suffering from chronic diseases, rising surgical procedures, increasing number of laparoscopic surgeries done at hospitals, and growing demand for laparoscopic devices in hospitals. Additionally, ambulatory surgical centers is predicted to grow at fastest CAGR during the forecast period owing to a strong preference for outpatient surgery and the affordability of laparoscopic operations performed in ambulatory surgical centers, growing adoption of minimally invasive surgeries, and increasing focus on providing cutting-edge technology for minimally invasive procedures in virtually all surgical specialties. For instance, in February, 2023, A Memorandum of Understanding between Asensus Surgical, Inc. and KARL STORZ VentureONE Pte. Ltd. has been established, with a focus on endoscopic tools, devices, and medical equipment, including systems for laparoscopic vision.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising dependence on laparoscopic surgeries compared to open surgeries, increasing product innovation, surge in recommendation of laparoscopy over traditional surgeries by surgeons, growing healthcare expenditure rising prevalence of obesity, increasing adoption of minimally-invasive surgeries, and surge mergers & acquisitions within market players. For instance, in January 2022, Stryker has revealed plans to acquire Vocera Communications Inc., a move aimed at expanding its presence in the medical devices sector. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of surgical procedures, growing number of advanced & well-equipped hospitals, increasing technological advancements, increasing investment by major market players, and rising launch of advanced systems by market players. For instance, in October 2022, SIMS Hospitals (SRM Institutes for Medical Science), a top-tier multi-specialty hospital in the city, has unveiled the Versius Robotic Surgical System at its Vadapalani facility, making it the first-of-its-kind laparoscopic surgical equipment in use.
Segmentation: Laparoscopy Instruments Market Report 2022 - 2033
Laparoscopy Instruments Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Trocars
- Closure Devices
- Laparoscopes
- Handheld Instruments
- Insufflation Device
- Energy Systems
- Suction/Irrigation Device
- Robot Assisted Systems
Laparoscopy Instruments Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Gynaecological Surgery
- Bariatric Surgery
- Colorectal Surgery
- Urological Surgery
- General Surgery
- Others
Laparoscopy Instruments Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Clinic
- Ambulatory Surgical Centres
- Hospital
Laparoscopy Instruments Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Laparoscopy Instruments Market: Product Estimates & Trend Analysis
8. Laparoscopy Instruments Market: Application Estimates & Trend Analysis
9. Laparoscopy Instruments Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Laparoscopy Instruments Market
12. Europe Global Laparoscopy Instruments Market
13. Asia Pacific Global Laparoscopy Instruments Market
14. Latin America Global Laparoscopy Instruments Market
15. MEA Global Laparoscopy Instruments Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Olympus Corporation
- Intuitive Surgical
- Welfare Medical Ltd
- CONMED Corporation
- DEAM
- The Cooper Companies Inc.
- Johnson and Johnson
- Medtronic
- Microline Surgical
- BD
- B. Braun Melsungen AG
- Karl Storz SE & CO. Kg
- Richard Wolf GmbH
- Shenzen Mindray Bio Medical Electronics Co. Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | October 2023 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 14.72 Billion |
| Forecasted Market Value ( USD | $ 38.8 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
