Report Overview

According to the deep-dive market assessment study by Growth Plus Reports, the global laparoscopic devices market was valued at US$ 6.90 billion in 2021 and is expected to register a revenue CAGR of 7.10% to reach US$ 12.79 billion by 2030.

Laparoscopic Devices Market Fundamentals

Laparoscopy is a type of surgical procedure that is performed using small cuts and is a minimally invasive surgery. This procedure is performed using a laparoscope, a slender tool that includes a tiny video camera with a light on the end. This device helps a physician to have a clear understanding of the illness with just a tiny cut using an inbuilt video monitoring system in the laparoscopic device. Laparoscopy includes the usage of various devices, such as energy devices, laparoscopes, insufflation devices, and suction/irrigation devices.

[76545323]

Laparoscopic Devices Market Dynamics

The laparoscopic devices market is registering steady revenue growth and is expected to grow significantly during the forecast period. Increasing prevalence of various health issues, such as uterine fibroids and endometriosis, and growing number of hysterectomy and myomectomy procedures contribute to the overall revenue growth in the market. Additionally, increasing geriatric population and availability of laparoscopic devices are also driving revenue growth in this market. Furthermore, rapid healthcare infrastructure developments in emerging countries, such as India, China, and Russia, are expected to boost demand for laparoscopic devices. Moreover, supportive government policies/laws and favorable reimbursement policies in developed and developed countries are supporting revenue growth in the market.

Laparoscopic Devices Market Ecosystem

The global laparoscopic devices market is analyzed based on four parameters: product, application, end user, and region. 

Laparoscopic Devices Market by Product

Based on the product, the laparoscopic devices market is segmented into energy devices, laparoscopes, insufflation devices, suction/irrigation devices, internal closure devices, robot-assisted surgical systems, and hand instruments. 

The energy devices segment dominates the market with the largest revenue share. Rise in demand for energy devices can be attributed to their several advantages, such as their ability to allow for rapid tissue and vessel healing and coagulation during laparoscopic surgeries. These energy devices have a wide application in bariatric surgeries, such as gastric bypass, adjustable gastric band, biliopancreatic diversion with duodenal switch, and sleeve gastrectomy.

Laparoscopic Devices Market by Application

[45453233]

Based on the application, the laparoscopic devices market is segmented into gynecology surgery, general surgery, urology surgery, bariatric surgery, and colorectal surgery. 

The general surgery segment dominates the market with the largest revenue share. The revenue growth of the market can be attributed to increase in the application of trocars in general surgeries. Adoption of trocars is increasing in surgeries owing to their benefits, such as ability to provide a clear and deep view of the tissue without using high-tech cameras. Furthermore, they offer low postoperative infection, high success rate, and rapid recovery.

Laparoscopic Devices Market by End User

Based on the end user, the market is segmented into hospitals & clinics, ambulatory surgical centers, and specialty centers. 

The hospitals & clinics segment is expected to dominate the laparoscopic devices market with the largest revenue share during the forecast period. This can be ascribed to rise in the number of laparoscopic surgeries performed in hospitals and clinics. 

Laparoscopic Devices Market by Region

Based on the region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). 

North America dominates the global laparoscopic devices market with the largest revenue share and is also expected to retain its leading position in the forecast period. The revenue growth of this market can be owed to growing demand for skilled physicians, increasing geriatric population, rising prevalence of chronic diseases, increasing patient base, favorable government initiatives, and increasing adoption of technological advancements in the regional healthcare industry.

Laparoscopic Devices Market Competitive Landscape

The prominent players operating in the global laparoscopic devices market include:

• Welfare Medical Ltd
• Karl Storz SE & CO. KG
• Braun Melsungen AG
• Olympus Corporation
• Stryker Corporation
• DEAM
• ConMed Corporation
• Medtronic Plc
• Smith & Nephew Plc
• Richard Wolf GmbH

Laparoscopic Devices Market Strategic Developments

• In March 2022, The British Deputy High Commission launched Freehand Robot, the first robotic-laparoscopic surgical equipment. This robot was developed by Freehand, a US-based healthcare solutions company. This robotic device helps to hold the laparoscopic camera and provides perfect and clear images with a solo surgery option. 
• In June 2021, Ethicon, which is a part of Johnson & Johnson Medical Devices Companies, introduced ENSEAL X1 Curved Jaw Tissue Sealer, advanced laparoscopic bipolar energy device that offers robust sealing and better grip to tissues. It also provides better efficiency and access.
• In Aug. 2020, B. Braun Medical and Kerma Medical Products announced their collaboration to enhance the development of healthcare services and products, which focus on veterans, minorities, and other communities. This cooperative partnership focuses on building and empowering the global market.

Frequently Asked Questions About This Report