Laparoscopy Devices Market Size Insights and Forecast 2020 to 2027

The global laparoscopy devices market size surpassed at US$ 8.4 Bn in 2019 and expected to reach US$ 16 billion by 2027 with a CAGR of 6.7% from 2020 to 2027.

Increase in incidence of target conditions for laparoscopic surgery is projected to drive the global laparoscopy devices market in the near future.

Laparoscopy, also called minimally invasive surgery, involves using keyhole surgical techniques or small incision. Instruments used for such surgeries are also unique and less invasive, and called laparoscopy devices. The key instrument used is a laparoscope, a long fiber optic cable system that allows a surgeon to view the affected area with the help of a camera. The laparoscopic instrument makes the procedure easy and accurate for surgeons to perform.

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In terms of product, the global laparoscopy devices market has been segmented into energy systems, robot assisted systems, laparoscopes, hand access instruments, trocars, closure devices, insufflation devices, and suction/irrigation devices. The laparoscopes segment has been divided into video laparoscopes and fiber laparoscopes. The video laparoscopes sub-segment has been bifurcated into high-definition cameras and standard definition cameras. The energy systems segment accounted for a prominent share of the global laparoscopy devices market in 2019. The segment is expected to expand at a high CAGR during the forecast period, owing to the rise in the demand for diagnosis by patients.

Based on application, the global laparoscopy devices market has been divided into gynecological surgery, general surgery, urological surgery, bariatric surgery, colorectal surgery, and others. The gynecological surgery segment held a significant share of the global laparoscopy devices market in 2019.

Space-saving Robotic Laparoscopy Devices Gain Prominence in Urology Surgeries

Minimally invasive surgeries are linked to improved patient outcomes and accelerating recovery times. However, operating through tiny incisions with the use of complicated equipment can be tricky for surgeons. Hence, France-based startup, MastOR, is increasing efforts to revolutionize laparoscopy assistance platforms with the help of robotic arms. As such, there is a growing demand for space-saving laparoscopy devices that can be integrated into existing equipment rather than being used as a standalone system.

Startups in the laparoscopy devices market are attracting funding from governments, healthcare associations, and investors to innovate in robotic technologies. Several million patients undergoing minimally invasive surgeries in thoracic, urology, and gynecological fields are catalyzing the demand for robotic laparoscopy devices. Since the learning curve and training period for conventional devices is long, healthcare startups in the laparoscopy devices market are increasing their R&D muscle in robotic laparoscopy devices.

High Precision Laparoscopy Trocars and Endoscopes Improve Clinical Outcomes

The laparoscopy devices market is anticipated to cross a valuation of US$ 16.4 Bn by 2030. This signals that manufacturers are developing instruments that draw small incisions and enable fast recovery. For instance, Aesculap, Inc.— a specialist in delivering precision surgical instruments, is increasing its portfolio in minimally invasive laparoscopy devices that facilitate fast recovery. Manufacturers are collaborating with researchers to develop high precision instruments, such as ligation clip appliers, trocars, and endoscopes to improve clinical outcomes.

Companies in the laparoscopy devices market are developing reusable instruments that are suitable for complex minimally invasive procedures.

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Revolutionary Ergonomic Handle Designs in Needle Holders Boosting Global Market

Reusable, reposable, and single use advanced energy solutions are becoming increasingly available in modular configurations. Companies in the laparoscopy devices market are increasing their focus on unique designs of instruments to allow complete disassembly for effective cleaning and decontamination. They are manufacturing slide-lock graspers to provide the highest level of tissue grasping properties in instruments. Apart from graspers, manufacturers are increasing their production capacities in vascular clamps meant for advanced laparoscopic urological procedures.

Revolutionary ergonomic handle designs in needle holders are being preferred by surgeons. This explains why the laparoscopy devices market is estimated to advance at a favorable CAGR of 6.5% during the forecast period.

Lack of High Quality Data Inhibits Adoption of Robot-assisted Laparoscopy

Surgical robots are being designed to address the limitations of conventional laparoscopy procedures. FDA (Food and Drug Administration)-approved da Vinci robots are becoming increasingly commonplace in the gynecologic surgery. However, training requirements and lack of high quality data act as barriers in the rapid adoption of robot-assisted laparoscopy, thus inhibiting the growth of the laparoscopy devices market. As such, less postoperative pain and shorter hospital stays are offsetting its disadvantages and increasing its adoption in healthcare settings.

The proliferation of the 5G communication technology for robot-assisted surgery in China’s laparoscopy devices market is creating value-grab opportunities. Due to the lack of evidence about its efficacy, stability, and safety, researchers are adopting swine models to investigate the effectiveness of 5G ultra-remote robot-assisted laparoscopic surgeries.

Prominent Countries

The U.S. held major share of the global laparoscopy devices market in 2019. Highly structured healthcare industry, presence of key players, and growth strategies adopted by these players are the major factors driving the laparoscopy devices market in the country. Rise in awareness about benefits of procedures and increase in healthcare expenditure propel the laparoscopy devices market in the U.S. The Rest of the World held the second largest share of the global laparoscopy devices market in 2019. The laparoscopy devices market in Rest of the World is driven by the rise in prevalence of chronic diseases and well-developed healthcare sector. The laparoscopy devices market in Rest of the World is likely to grow at a rapid pace during the forecast period. Increase in product approvals, rise in prevalence of cardiovascular diseases, and surge in awareness leading to routine check-ups and diagnosis, are major factors projected to augment the laparoscopy devices market.

Key Players

Leading players are expanding their footprint to consolidate their position in the global laparoscopy devices market. Gradual increase in surgical procedures, which include ligation devices, offers lucrative opportunities to key players to increase their share in the laparoscopy devices market. Hence, manufacturers are engaging in new product development, collaborations, and distribution to gain market share. Leading players operating in the global laparoscopy devices market include Ethicon US, LLC (Johnson & Johnson), CONMED Corporation, Medtronic, Aesculap, Inc. (B. Braun company), Fujifilm Holding Corporation, Smith & Nephew, Stryker, KARL STORZ, Olympus Corporation, Richard Wolf GmbH, Cook Medical, Inc., and Boston Scientific Corporation.

Market Segmentation

By Product

• Energy Systems
• Robot Assisted Systems
• Laparoscopes
  • Video Laparoscopes
    • High-definition Cameras
    • Standard Definition Cameras
  • Fiber Laparoscopes
• Hand Access Instruments
• Trocars
• Closure Devices
• Insufflation Devices
• Suction/Irrigation Devices

By Application

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

By End User

• Hospitals
• Clinics
• Others

By Country

• U.S.
• Canada
• U.K.
• Rest of Europe
• China
• India
• Japan
• Australia
• Brazil
• Mexico
• Rest of the World

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