Laparoscopic Devices Market

2019 Analysis and Review of Laparoscopic Devices Market by Product - Direct Energy System Devices, Trocars/ Access Devices, Internal Closure Devices, Laparoscopes, Hand Access Instruments, Insufflation Devices, And Robotic Assisted Surgical Systems for 2019 - 2029

  • 2020-01-07
  • REP-GB-497
  • 32 Tables
  • 86 Figures
  • 174 pages
  • PDF PPT EXCEL
Laparoscopic Devices Market
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Laparoscopic Devices Market Value Surpassed US$ 10 Bn in 2019

Exceeding the mark of US$ 10 Bn by the end of 2019, global laparoscopic devices market revenues are set for a healthy growth outlook through the end of 2029. While rise in preference for minimally invasive surgical procedures is driving the growth of market, notable upsurge in popularity of bariatric surgery devices among obese patients would be a remarkable factor contributing to the growth in sales of laparoscopic devices over the forecast period. This study offers deep-dive analysis of evolving pattern of laparoscopic devices adoption at a global level.

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Frequently Asked Questions about Laparoscopic Devices Market

How does the growth trajectory of laparoscopic devices market look?

Laparoscopic devices currently represent a global market of over US$ 10 Bn. Our analysis forecasts a healthy growth outlook for the laparoscopic devices market, at around 6% CAGR during a 10-year projection period, 2019 - 2029.

Which are the bestselling devices in laparoscopic devices market? What would be the key factor driving their sales?

Direct energy system devices of laparoscopic devices would remain the most preferred product type in the laparoscopic devices market. The growth in their sales direct energy system devices is primarily attributed to increasing preference for minimally invasive surgery procedures. Rise in demand for bariatric surgery will also be an important factor bolstering the sales of laparoscopic devices in the near future.

Which regional market is leading the global laparoscopic devices space?

North America currently accounts for 30% of the revenue share in the laparoscopic devices market and the trend seems to continue through the end of 2029. North American market will be predominantly driven by the increasing demand for bariatric surgery and greater rate of adoption of minimally invasive surgical procedures.

How is adoption of new techniques influencing the future of laparoscopic devices market?

Adoption of techniques such as micro-laparoscopy will hold a measurable impact on the future of laparoscopic devices market. Micro-laparoscopy is a new technique that allows for replacement of traditional laparoscopy and eventually eliminate single-site incisions. This, in turn, enables surgeons to perform surgeries with only a needle stick, ultimately reducing the post-operative pain.

What would be key winning imperatives of leading players in laparoscopic devices market?

Eying opportunities in relatively new therapeutic applications, manufacturers of laparoscopic devices are heavily investing in bariatric surgery and colorectal surgery. Globally and locally leading market players are particularly benefiting from a significant marketing network of distributors. Online product sale is also emerging as a profitable strategy.

Direct Energy System Devices Remain Highly Sought-after

Direct energy system devices continue to be the bestselling laparoscopic devices, accounting for more than 1/4th of overall sales. Laparoscopes and disposable laparoscopic instruments such as access devices (or trocars) collectively represent over a third of global market value, which would be a continuing trend in the market through the end of forecast period. Internal closure devices, though have been witnessing a promising rate of adoption over the recent past, are most likely to experience a measurable dip in sales during the period of projection.

Developed Regional Markets Make up for over 50% of Global Sales

North America and Europe continue to be the significant contributors to global laparoscopic devices market value. Although these regional markets collectively account for more than 50% of total sales, there are strong indications that developing regional markets such as Asia Pacific excluding Japan (APEJ) and Latin America will display an attractive growth potential in the following years. This can be attributed to the heightening demand for bariatric surgery and increasing establishment of manufacturing bases across these regions.

* This data is only a representation. Actual data may vary and will be available in report.

Developed Regional Markets Make up for over 50% of Global Sales
Developed Regional Markets Make up for over 50% of Global Sales
Developed Regional Markets Make up for over 50% of Global Sales
Developed Regional Markets Make up for over 50% of Global Sales
  • 2014
  • 2018
  • 2022
  • 2029
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Manufacturers Should Emphasize Training and Promotions

Laparoscopic devices manufacturers are focusing on promotional activities to create awareness among patients about the advantages of minimally invasive surgeries over traditional surgical procedures. Companies are also conducting training programs for surgeons to enable them upskill on the new laparoscopic surgical procedure, which in turn is contributing to the growth of market for laparoscopic devices. Some of the companies that are already organizing trainings on the latest laparoscopic surgery techniques include Ethicon Endo Surgery (a subsidiary of Johnson & Johnson), Olympus Corporation, and Medtronic plc. These and more such promotional activities will continue to spur the growth of laparoscopic devices market over the forecast period.

Colorectal surgery remains top application area

Application in bariatric surgery gaining momentum

 

Direct energy systems continue to see significant sales

Preference for internal closure devices on decline

 

Hospitals continue to register substantial adoption

Demand from ambulatory surgical centers to increase

 

How Growth will Unfold

General surgery has been a traditional area of therapeutic application for laparoscopy device manufacturers. While adoption for general surgery will continue to sustain at a moderate pace throughout the next decade, higher adoption of laparoscopic devices for therapeutic applications such as bariatric and colorectal surgery would be a major highlight. These two application areas currently account for a collective revenue share of around 60% in market. However, bariatric surgery is set to emerge as the ultimate winner and a significantly lucrative application category towards the end of projection period.

Laparoscopic Devices Market Share Analysis by Therapeutic Application

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

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Overview

Laparoscopic Devices Market Analysis 2019-2029

A recent market study published by Future Market Insights on the laparoscopic devices market includes global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the laparoscopic devices market, the growth prospects of the market are obtained with maximum precision.

Laparoscopic Devices Market Taxonomy

The global laparoscopic devices market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Direct Energy System Devices
  • Trocars/Access Devices
  • Internal Closure Devices
  • Laparoscopes
  • Hand Access Instruments
  • Insufflation Devices
  • Robotic Assisted Surgical System

Therapeutic Application

  • Bariatric Surgery 
  • Colorectal Surgery
  • General Surgery
  • Gynecological Surgery
  • Urological Surgery

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

Regions

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)

What's Included

The report initiates with the executive summary of the laparoscopic devices market, which includes a summary of key findings and statistics of the market. It also includes drivers and trends pertaining to the laparoscopic devices market.

Readers can find the definition and a detailed segmentation of the laparoscopic devices market in this chapter, which will help them understand the basic information about the laparoscopic devices market. Along with this, comprehensive information pertaining to laparoscopic devices and their properties are provided in this section. This section also highlights inclusions and exclusions, which helps the reader understand the scope of the laparoscopic devices market.

This section gives information about drivers, and restraints of the laparoscopic devices market. This section also includes various opportunities and key trends of the laparoscopic devices market.

This section gives information about regulatory scenario in different regions and number of surgeries performed in different countries.

This section explains the global market value analysis and forecast for the laparoscopic devices market in the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical laparoscopic devices market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).

Based on product type, the laparoscopic devices market is segmented into direct energy system devices, trocars/ access devices, internal closure devices, laparoscopes, hand access instruments, insufflation devices, and robotic assisted surgical systems. In this chapter, readers can find information about the key trends and developments in the laparoscopic devices market and market attractiveness analysis based on product type.

Based on therapeutic application, the laparoscopic devices market is segmented into bariatric surgery, colorectal surgery, general surgery, gynecological surgery, and urological surgery. In this chapter, readers can find information about the key trends and developments in the laparoscopic devices market and market attractiveness analysis based on application.

This chapter provides details about the laparoscopic devices market based on end user, and has been classified into hospitals, ambulatory surgical centers and clinics. In this chapter, readers can understand the market attractiveness analysis based on end user.

This chapter explains how the laparoscopic devices market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa.

This chapter includes a detailed analysis of the growth of the North America laparoscopic devices market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, and market growth based on the product type, therapeutic application, end user, and countries in North America.

This chapter provides the growth scenario of the laparoscopic devices market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the laparoscopic devices market based on its end users in several countries such as the U.K., France, Germany, Spain, Italy, Nordics, Benelux and the Rest of Western Europe are included in this chapter.

Important growth prospects of the laparoscopic devices market based on its end users in several countries such as the Russia, Poland and the Rest of Eastern Europe are included in this chapter.

In this chapter, China, India, Oceania, ASEAN and Rest of Asia Pacific countries are the prominent countries in the Asia Pacific excluding Japan region that are the prime subjects of assessment to obtain the growth prospects of the APEJ laparoscopic devices market. Readers can find detailed information about the growth parameters of the APEJ laparoscopic devices market during the forecast period of 2019-2029.

This section highlights the growth prospects of the laparoscopic devices market for Japan, during the forecast period of 2019-2029

This chapter provides information about how the laparoscopic devices market will grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa, and the Rest of MEA, during the forecast period of 2019-2029.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the laparoscopic devices market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Olympus Corporation, B. Braun Melsungen AG, Intuitive Surgical Inc., Medtronic plc., Stryker Corporation, Smith & Nephew Plc., CareFusion Corporation, Ethicon US, LLC (Johnson & Johnson), Karl Storz GmbH & Co. KG, Richard Wolf GmbH, Endocontol SA, and Tekno-Medical Optik Surgery GmbH.    

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the laparoscopic devices market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the laparoscopic devices market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Publications
    • New England Journal of Medicine
    • Journal of the Society of Laparoendoscopic Surgeons 
  • Industry Associations
    • American Society for Metabolic and Bariatric Surgery  
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits laparoscopic devices market designations

Primary Interview Splits laparoscopic devices market stakeholders

To Learn More About our Comprehensive Perspective on Laparoscopic Devices Market,

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Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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