Laparoscopic Instruments Market Size By Product (Laparoscopes {Video Laparoscopes, Fiber Laparoscopes}, Energy Devices, Insufflators, Suction Systems, Closure Devices, Hand Instruments, Access Devices, Laparoscopic Accessories), By Application (Gynecological Surgery, Urological Surgery, Colorectal Surgery, Bariatric Surgery, General Surgery, Pediatric Surgery), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jul 2020  |  Report ID: GMI1954  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 395   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Laparoscopic Instruments Market size exceeded USD 10 billion in 2019 and is anticipated to grow at over 11.3% CAGR between 2020 and 2026.

Growing incidences of obesity, rising number of gynecological procedures, and recent technological advancements are some of the major factors contributing to the growth of the market. In addition to that, upsurge in the number of surgical procedures owing to high incidence of colorectal cancer will fuel the laparoscopic instruments market demand.

Laparoscopic Instruments Market

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Technological advancements have led to the introduction of higher-quality imaging and smaller laparoscopic instruments that allow surgeons to perform accurate dissection with minimal bleeding. The advent of handheld articulated laparoscopic instruments has increased the demand for laparoscopic surgeries by eliminating the challenges associated with suturing. Moreover, increase in the automation of surgical instruments for laparoscopic surgeries is owing to the continuous development in surgical robotic systems to minimize the challenges in safety, sterility, and adaptation. Thus, these new technologies associated with laparoscopic surgical instruments will increase mobility and decrease the costs for the surgeons with respect to hand-assisted articulating, flexible forceps, and robotic equipment.

Laparoscopic Instruments Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 10 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 11.3% 2026 Value Projection: USD 20 Billion
Pages: 395 Tables, Charts & Figures: 658
Geographies covered (48): U.S., Canada, Germany, UK, France, Spain, Italy, Poland, Czech Republic, Belgium, Sweden, Norway, Russia, Hungary, Romania, Bulgaria, China, Japan, India, Australia, New Zealand, Indonesia, Singapore, Malaysia, Philippines, Thailand, Vietnam, South Korea, Taiwan, Hong Kong, Sri Lanka, Brazil, Mexico, Colombia, Chile, Peru, Ecuador, Costa Rica, Panama, Guatemala, El Salvador, Puerto Rico, South Africa, Saudi Arabia, UAE, Turkey, Egypt and Morocco
Segments covered: Product, Application, End-use
Companies covered (14): Ethicon Inc., Apollo Endosurgery, Boston Scientific, Medtronic Plc (Covidien), Intuitive Surgical, Olympus Corporation, Smith & Nephew Inc., Karl Storz GmbH, Richard Wolf GmbH, CONMED Corporation, Stryker Corporation, Cook Medical Inc., Aesculap, and Microline Surgical
Growth Drivers:
  • Technological advancements in laparoscopic surgical instruments
  • Growing preference for minimally invasive surgery
  • Increasing number of laparoscopic procedures
  • Strong product pipeline
Pitfalls & Challenges:
  • High cost of the device
  • Stringent regulations

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Growing adoption of laparoscopes in surgical procedures will drive the market value

Laparoscopes product segment held a laparoscopic instruments market share of around 40% in 2019 owing to adoption of laparoscopes in surgical procedures including cholecystectomy, gynecology, and urology, among others. Furthermore, growing cases of obesity across the globe has led to the increase in number of bariatric surgeries performed laparoscopically, positively impacting the market size. Additionally, several advantages associated with the advanced laparoscopy such as decreased risk of specific long-term complications, greater ease, and greater speed for lysis of adhesions makes laparoscopy a preferred option.

Several advantages of laparoscopic procedures over conventional ones will impel the laparoscopic instruments market growth

Gynecology application segment valuation was around USD 3.1 billion in 2019 and is projected to observe significant gains during the forecast period. This is attributed to the rising number of gynecological laparoscopic procedures such as tubal ligation, hysterectomy, and ovarian cyst removal, among others. In addition, rising fund for research projects in gynecology and increasing awareness programs related to minimally invasive gynecology surgery will further fuel the market size expansion.

Increasing number of patients visiting hospitals for laparoscopic procedures will propel the segment growth

Global Laparoscopic Instruments Market Report By End-use

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The hospitals end-use segment in the laparoscopic instruments market is estimated to register a growth rate of over 11% till 2026 led by growing number of people visiting hospitals owing to various medical conditions such as ulcerative colitis, crohn’s disease, rectal prolapse, among others. Furthermore, growing number of laparoscopic procedures conducted in the hospital due to cost-effectiveness and proper treatment is contributing to the segmental growth.

Rising number of bariatric surgeries through laparoscopic procedure will boost the U.S. market value

Global Laparoscopic Instruments Market Report By Region

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U.S. laparoscopic instruments market size is poised to expand at more than 10.6% CAGR through 2026 propelled by increasing prevalence of obesity and colorectal cancer coupled with growing awareness of laparoscopic procedures among American population. According to the Centers for Disease Control and Prevention (CDC), the prevalence of obesity during 2017-2018 was 42.4% in the country. Hence, large group of these patients are preferring for bariatric surgery through laparoscopic procedures. Moreover, increase in the number of healthcare facilities such as hospitals and ambulatory surgical centers in the U.S. will upsurge the product demand.

Europe laparoscopic instruments market crossed USD 2.5 billion in 2019. Growing cases of colorectal cancer across the region is one of the factors attributing to the high revenue. According to the Journal of Colorectal Cancer of Europe, around 1.2 million people are presently living with colorectal cancer. Additionally, according to the latest news article, in 2019, around 260,000 colorectal laparoscopic surgeries were performed in the region. Hence, owing to these statistics and growing awareness about the advantages of laparoscopic procedures, the region will witness a substantial market growth in the upcoming years.

Implementation of several strategies such as new product launches and acquisitions by the major industry players

Some of the prominent companies in the laparoscopic instruments market are Ethicon Inc., Apollo Endosurgery, Boston Scientific, Medtronic Plc (Covidien), Intuitive Surgical, Olympus Corporation, Smith & Nephew Inc., Karl Storz GmbH, Richard Wolf GmbH, CONMED Corporation, Stryker Corporation, Cook Medical Inc., Aesculap, Microline Surgical among others. Industry players are majorly focusing on various strategies that include new product launches, acquisitions, partnerships, mergers, collaborations, and development strategies.

Recent industry developments:

  • In December 2018, Apollo Endosurgery sold its surgical product line to ReShape Lifesciences Inc. The product line comprises of the Lap-Band adjustable gastric banding system and other accessories that are used in laparoscopic bariatric surgery. This strategic move increased the focus of Apollo towards its Endo-bariatric product offerings.
  • In August 2017, Ethicon introduced a new ProxiSure Advanced Laparoscopic Suturing Device to improve precision in minimally-invasive surgery in the U.S. This strategic move strengthened the company’s product portfolio and further assisted in geographic revenue growth.

The laparoscopic instruments market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:

Market, By Product

  • Laparoscopes
    • Video laparoscopes
    • Fiber laparoscopes
  • Energy devices
  • Insufflators
  • Suction systems
  • Closure devices
  • Hand instruments
  • Access devices
  • Laparoscopic accessories

Market, By Application

  • Gynecology surgery
  • Urological surgery
  • Colorectal surgery
  • Bariatric surgery
  • General surgery
  • Pediatric surgery
  • Others

Market, By End-use

  • Hospitals
  • Ambulatory surgical centers

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Poland
    • Czech Republic
    • Belgium
    • Sweden
    • Norway
    • Russia
    • Hungary
    • Romania
    • Bulgaria
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Indonesia
    • Singapore
    • Malaysia
    • Philippines
    • Thailand
    • Vietnam
    • South Korea
    • Taiwan
    • Hong Kong
    • Sri Lanka
  • Latin America
    • Brazil
    • Mexico
    • Colombia
    • Chile
    • Peru
    • Ecuador
    • Costa Rica
    • Panama
    • Guatemala
    • EL Salvador
    • Puerto Rico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Turkey
    • Egypt
    • Morocco

Frequently Asked Questions (FAQ) :

The market size of laparoscopic instruments exceeded USD 10 billion in 2019.
The industry share of laparoscopic instruments is anticipated to grow at over 11.3% CAGR between 2020 and 2026.
U.S. will depict extensive demand for laparoscopic instruments and will register 10.6% CAGR through 2026 owing to rising obesity prevalence and surging cases of colorectal cancer.
Stakeholders are likely to invest in Europe as the region is reflective of an exponential rate of colorectal cancer detection. Europe market size was valued over USD 2.5 billion in 2019.
Laparoscopes are being majorly adopted in surgical procedures such as gynecology, urology, cholecystectomy, etc. Laparoscopes held 40% of laparoscopic instruments market in 2019 and will continue to push the industry growth ahead.
Increasing number of gynecological laparoscopic procedures like hysterectomy, ovarian cyst removal, tubal ligation, etc., will augment product demand from gynecology. Estimates claim gynecology application segment to have held USD 3.1 billion in 2019.
Hospitals end-use segment may register 11% CAGR though 2026 due to rising influx of patients in hospitals for medical conditions such as rectal prolapse, Crohn’s disease, ulcerative colitis, etc.

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Premium Report Details

  • Published Date: Jul 2020
  • Pages: 395
  • Tables: 640
  • Charts / Figures: 18
  • Companies covered: 14
  • Countries covered: 48

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