Disposable Laparoscopic Instruments Market

Disposable Laparoscopic Instruments Market: Trocars Expected to be the Most Attractive Product Type During the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

Laparoscopy is a minimally invasive surgical technique performed through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to manoeuvre special disposable laparoscopic instruments to the target area and carry out the surgery. This technique is mainly preferred for carrying out surgeries related to the pancreas, liver, colon and bile duct. The use of disposable laparoscopic instruments reduce the risk of infection during surgery. Laparoscopic surgery is a procedure performed through one or multiple small incisions, rather than through a larger incision through the abdominal wall. Depending upon the nature of the specific surgical procedure, laparoscopic entry can be performed using a closed (Veress needle, optical access) or open technique (Hasson technique).

Disposable laparoscopic instruments find applications for various other surgeries such as general surgery, bariatric surgery, colorectal surgery, urologic surgery, gynaecologic surgeries and others. Laparoscopic scissors are used in laparoscopic surgery for dissection, the scissors come in different tip lengths. Laparoscopic hooks are available for procedures that are bipolor or monopolar or feature graduated marking, such as hook probes. The hooks are Nonstick PTFE coated making them safe to use during surgery. Grasping forceps & dissectors are used for laparoscopic surgery for the grip and the dissectors are used for making cuts during surgery.  Trocar is a pen-shaped instrument widely used in laparoscopy procedure to create opening in a patient’s body. Each laparoscopy procedure normally needs three to four trocars. Laparoscopic suction/irrigation devices constantly supply pressurized irrigation fluid and incorporate a leak-free seal.

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Market Value Forecast

The global disposable laparoscopic instruments market has been estimated to be valued at US$ 4,044.7 Mn in 2018 and is expected to expand at a CAGR of 5.7% over the forecast period (2018–2028).

Market Dynamics

The growth of the global disposable laparoscopic instruments market is mainly driven by reducing pricing for market pick up, awareness programs in emerging countries, growing demand for minimally invasive therapies and technological advancements. The lack of skilled laparoscopic surgeons and side effects associated with the surgery, inferior quality of products, high cost of disposable laparoscopic instruments are factors that hamper the growth of the market.

Key Regions

The global disposable laparoscopic instruments market has been segmented on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East & Africa (MEA). In terms of market value, North America is projected to dominate the global disposable laparoscopic instruments market throughout the forecast period. Foray of leading North American companies into the disposable laparoscopic instruments market over the last few years is a factor expected to boost the overall sale of these devices in the region. APEJ and Japan are expected to witness significant growth during the forecast period. Significant investments in healthcare infrastructure, increasing patient pool along with increasing geriatric population in APEJ and Japan are factors expected to boost the growth of the disposable laparoscopic instruments market in the regions.   

Key Players

Examples of some of the key players in the global disposable laparoscopic instruments market are B. Braun Melsungen AG, Medline Industries, Inc., Stryker Corporation, Ackermann Instrumente GmbH, ASFS Medic's company, Medino GmbH, Péters Surgical, Medtronic, Mediflex Surgical Products and Grena LTD.

A large number of players operating in the disposable laparoscopic instruments market are focused on entering into collaborations and partnerships with local distributors and retailers in order to enhance their market presence globally. Moreover, it also enables companies to increase product visibility across the region. The companies in the market are focusing on instilling competitive capabilities to strengthen their market presence worldwide.

This Future Market Insights report examines the ‘Disposable Laparoscopic Instruments Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment, 2018 – 2028. The primary objective of the report is to offer updates and insights regarding the various market opportunities in the global disposable laparoscopic instruments market.

Laparoscopy is a minimally invasive surgical technique performed through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to manoeuvre special disposable laparoscopic instruments to the target area and carry out the surgery. This technique is mainly preferred for carrying out surgeries related to the pancreas, liver, colon and bile duct. The use of disposable laparoscopic instruments reduce the risk of infection during surgery. Laparoscopic surgery refers to surgical procedures that are performed through one or multiple small incisions, rather than through a larger incision through the abdominal wall. Depending upon the nature of the specific surgical procedure, laparoscopic entry can be performed using a closed (Veress needle, optical access) or open technique (Hasson technique). Disposable laparoscopic instruments find applications for various other surgeries such as general surgery, bariatric surgery, colorectal surgery, urologic surgery, gynaecologic surgeries and others.

To provide an accurate understanding and to assess the opportunities in this market, the report is categorically split under three sections, namely market analysis by product type, indication, end-use and regions. The report analyses the global disposable laparoscopic instruments market in terms of market value (US$ Mn).

The report starts with an overview of disposable laparoscopic instruments and usage in applications in regions across the globe. In the same section, FMI covers the disposable laparoscopic instruments market performance in terms of revenue. This section includes, FMI’s analysis of key trends, drivers and restraints from supply side and demand side perspective.

The next section of the report analyses the market based on product type and presents the forecast in terms of value for the next 10 years. The product types of disposable laparoscopic instruments covered in the report include:

  • Laparoscopic Scissors

  • Laparoscopic Hooks

  • Grasping Forceps & Dissectors

  • Trocars

  • Laparoscopic Suction / Irrigation Devices

  • Others

The next section of the report analyses the market based on indication segments and presents the forecast in terms value for the next 10 years. The indications for disposable laparoscopic instruments market segments covered in the report include:

  • General Surgery

  • Bariatric Surgery

  • Colorectal Surgery

  • Urology Surgery

  • Gynecologic Surgeries

  • Others

The next section of the report analyses the market based on end-use segments and presents the forecast in terms value for the next 10 years. The end-use for disposable laparoscopic instruments market segments covered in the report include:

  • Hospitals

  • Ambulatory Surgical Centers

  • Specialty Clinics

The next section of the report analyses the market based on regions and presents the forecast in terms of value for the next 10 years. The regions covered in the report include:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific excluding Japan (APEJ)

  • Japan

  • Middle East & Africa (MEA)

To arrive at market size, the report considers average price of disposable laparoscopic instruments across geographies. The forecast presented in the report assesses the total revenue of the disposable laparoscopic instruments market. When developing the market forecast, the first job is sizing the current market, which forms the basis for the forecast of how the market is expected to take shape in the near future. Given the characteristics of market, we triangulated the outcome based on different analysis based on supply side, demand side and GDP growth rate. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities, rather than rationalizing them after the forecast has been completed.

In addition, we have taken into consideration year-on-year growth to understand the predictability of the market and to identify the right opportunities across the market.

As previously highlighted, the market for disposable laparoscopic instruments is split into various sub-segments based on region, product type, indication and end-use. All these sub-segments or categories have been analysed to understand individual segments’ relative contribution to the growth. This detailed level of information is important for identification of the many key trends in the disposable laparoscopic instruments market.

Also, another key feature of this report is the analysis of disposable laparoscopic instruments market by regions, product types, indication and end use. Its revenue forecast in terms of absolute dollar value is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective. Furthermore, Future Market Insights has developed market attractiveness index for all the four segments – regional, product type, indication and end use. This index helps in identifying the real opportunities available in the market.  

In the final section of the report, the disposable laparoscopic instruments market landscape is included to provide report audiences with a dashboard view, based on categories of providers across the market.