Global Laparoscopic Devices Market By Product (Trocars, Energy Systems, Closure Devices, Suction/Irrigation Devices, Camera Monitoring Systems, Insufflation Devices, Laparoscopes, Hand Access Instruments, Robot Assisted System, Accessories, Others), Application (Bariatric Surgery, Colorectal Surgery, General Surgery, Gynecological Surgery, Urological Surgery, Others), End User (Hospitals, Clinics, Specialty Centers, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Laparoscopic Devices Market
Laparoscopic devices market is expected to account to USD 16.71 billion by 2027 expanding at a rate of 7.01% in the forecast period of 2020 to 2027. High preference and adoption rate for minimally invasive surgeries and surgical devices in comparison to traditional modes of surgeries; this factor is expected to be one of the contributing factors for this market growth.
Laparoscopic devices are the medical devices utilized in carrying out laparoscopic procedures, which involves diagnosing the organs present in the abdomen with greater visualization and information. This procedure involves small incision on the abdomen for the insertion and subsequent movement of laparoscopic devices which can help provide valuable diagnostic and clinical information into the patient’s abdomen.
Various innovations and advancements witnessed across the product offerings amid high application rate for these devices due to the growing prevalence of colorectal cancer worldwide. Rising consumption rate for these devices due to the growing procedural volume of laparoscopic bariatric surgeries have also been one of the major contributing factors for market growth.
Premium product pricing of these devices is acting as a hindrance for the market’s growth in the forthcoming period of 2020 to 2027. Lack of technically proficient professionals for laparoscopic procedures which is causing increasing levels of complications in these surgeries is expected to restrict the market growth.
This market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief our team will help you create a revenue impact solution to achieve your desired goal.
Global Laparoscopic Devices Market Scope and Market Size
Laparoscopic devices market is segmented on the basis of product, application and end user. Each individual segment’s growth is analysed and these insights are subsequently considered before providing you with the market overview which can help you in understanding and identification of your core applications in the broad market.
On the basis of product, laparoscopic devices market has been segmented into trocars, energy systems, closure devices, suction/irrigation devices, camera monitoring systems, insufflation devices, laparoscopes, hand access instruments, robot assisted system, accessories and others.
Based on application, laparoscopic devices market has been segmented into bariatric surgery, colorectal surgery, general surgery, gynecological surgery, urological surgery and others. General surgery has been sub-segmented into cholecystectomies, hernia repairs, appendectomies, anti-reflux surgeries and others. Bariatric surgery consists of gastric bypass, sleeve gastrectomies, gastric banding and others.
Laparoscopic devices market has been segmented on the basis of end user into hospitals, clinics, specialty centers and others.
Laparoscopic Devices Market Country Level Analysis
Global laparoscopic devices market is analysed and market size information is provided by country, technology, product, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East & Africa, Brazil, Argentina and Rest of South America as part of South America.
North America held the largest market share for laparoscopic devices market in the forecasted period of 2020 to 2027, while Asia-Pacific grew with the highest growth rate. North America’s position in the laparoscopic market is expected to be caused by the preference of healthcare facilities to adopt technologically advanced and minimally invasive surgical products, while the growing target patient population in the Asia-Pacific region will result in its growth with the highest rate.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Laparoscopic devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for laparoscopic devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laparoscopic devices market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Laparoscopic Devices Market Share Analysis
Laparoscopic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to laparoscopic devices market.
The major players covered in the report are Medical Devices Business Services, Inc., Medtronic, Boston Scientific Corporation, Smith & Nephew, Stryker, KARL STORZ SE & Co. KG, Olympus Corporation, B. Braun Melsungen AG, Cook, CONMED Corporation, Microline Surgical, Richard Wolf GmbH, ReShape Lifesciences, Inc., Tian Song, Hawk, BD, Intuitive Surgical, FUJIFILM Corporation, Silex Medical, LLC, Fortimedix Surgical, TransEnterix Surgical, Inc., Encision Inc., Applied Medical Resources Corporation among other players domestic and global. Market Share data is available for Global, North America, Europe, Asia-Pacific, Middle East & Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Laparoscopic Devices Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.