The global laparoscopic instrument market is anticipated to grow at a substantial CAGR of 7.8% during the forecast period. The increasing trend for the need for minimally invasive procedures, increasing number of bariatric surgeries, and collaborations organizations like the International Society of Gynecologic Endoscopy (ISGE) with healthcare sectors are some of the factors that are estimated to drive the market growth in the forecast period. For instance, according to reports of the American Society for Metabolic and Bariatric Surgery, in 2019, an estimated 256,000 bariatric surgeries were carried out across the globe. This was an increase of around 62% of the number of bariatric surgeries carried out in the year 2011. The increase in the prevalence of colorectal cancer is other factor that is expected to drive the growth of the market. For instance, according to the reports of the American Society of Colon and Rectal Surgeons, in 2020, in the US, an estimated 147,000 new colorectal cancer cases were diagnosed. Moreover, about 1 in 20 Americans are estimated to develop colorectal cancer in their lifetime.
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The global laparoscopic instrument market is segmented based on product type, application, and end-user. Based on product type, the laparoscopic instrument market is segmented into a laparoscope, insufflator, energy devices, handheld instruments, suction/irrigation devices, laparoscopic accessories, and other products. Based on the application segment, the market is segmented into general surgery, bariatric surgery, colorectal surgery, cardiac surgery, gynecological surgery, neurological surgery, urological surgery, and others. Further, based on the end-user segment, the market is segmented into hospitals and clinics, ambulatory surgical centers, and diagnostics centers.
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The global laparoscopic instrument market is analyzed based on the geographical regions that are contributing significantly to the growth of the market. Based on the geography, the market is bifurcated into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America is estimated to have one of the major shares in the laparoscopic instrument market. The high adoption rate of pets and their mandatory vaccination are the major factors for the growth of the North American market. The rise in the geriatric population and technological advancements in the region are some of the drivers that drive the growth of the market in this region. Europe is also estimated to have a significant share in the market owing to the improved healthcare infrastructure in the region.
Global Laparoscopic Instrument Market – Segmentation
by Product Type
Laparoscope
Insufflator
Energy Devices
Handheld Instruments
Suction/Irrigation Devices
Laparoscopic Accessories
Others Product
by Application
General Surgery
Bariatric Surgery
Colorectal Surgery
Gynecological Surgery
Neurological Surgery
Urological Surgery
Others
by End-User
Hospitals& Clinics
Ambulatory Surgical Centers
Diagnostic Centers
Global Laparoscopic Instrument Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Advanced Surgical Concepts Ltd.
Applied Medical Resources Corp.
B. Braun Melsungen AG
Boston Scientific Corp.
Becton, Dickinson and Co.
ConMed Corp.
Cook Medical Inc.
Dufner Instrumente GmbH
Elcon Medical Instruments GmbH
Endocontrol SA
Henke-Sass, Wolf GmbH
Hermann Medizintechnik GmbH
Intuitive Surgical, Inc.
Johnson and Johnson Services, Inc. (Ethicon Inc.)
Karl Storz GmbH& Co. KG
Medtronic plc
Microline Surgical Inc.
Olympus Corp.
Richard Wolf GmbH
Smith & Nephew plc
Stryker Corp.
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