Global Laparoscopic Instruments Market- Industry Trends & Forecast
The global laparoscopic instrument market was worth USD 10.5 billion
in the year 2020 and is further projected to reach USD 22.2 billion by 2027, at
the CAGR of 11.5% during 2021-2027 (forecast period). Factors such as a
progressive transition toward minimally invasive procedures over open
surgeries, as well as the prevalence of colorectal cancer in the general
population, have all led to the global growth of the laparoscopic industry. Furthermore,
technological advancements in the medical field and rising laparoscopic
bariatric procedures are also influencing the market growth.
Source: BlueWeave Consulting
Global Laparoscopic Instruments Market- Overview
Laparoscopic surgery is a surgical procedure that uses small, narrow
incisions. Thin and long tubes are inserted into the abdomen for the surgery
through less than one-centimeter cuts. This procedure makes extensive use of
the video camera as well as other laparoscopic equipment and instruments. On
the monitor, images of organs inside are generated by a camera inserted through
a tube. This allows surgeons to conduct the operation without making larger
incisions in the body, avoiding further blood loss or hemorrhage.
Global Laparoscopic Instruments Market Forecast and Trends
Growing Preference for Minimally Invasive Surgeries
Laparoscopic surgeries are minimally invasive surgeries, which means
they are performed with fewer incisions. This type of surgery reduces total
costs and the amount of hard work that surgeons would put in, as well as the
amount of time spent in hospitals. Furthermore, fewer incisions allow for
faster healing besides reducing blood loss. Because of its advantages, more and
more patients around the world are choosing laparoscopic surgery over open
surgery, thereby propelling the global laparoscopic instruments market forward.
Expanding Healthcare Infrastructure in Developing Economies
As the prevalence of colorectal cancer is emerging among the higher
population in the world, only the healthcare system can provide better services
for its treatment. Developing economies like China, India, Japan, are striving
to improve their medical industry. Since these countries can provide better
surgical treatments at affordable charges than most developed countries,
medical tourism is progressing in such countries. Due to these factors, the
demand for laparoscopic instruments is gaining traction and is expected to grow
in the forecast period.
Restrictive Government Policies and Tax Reforms may Restrict the
High taxes levied by various governments on the selling of medical
instruments such as laparoscopic surgery instruments are a significant
impediment to the growth of the healthcare industries and the markets that
support them. Due to such tax systems, the net income of the companies
operating is drastically reduced. As a result, new entrants are reluctant to
enter the market and establish themselves, thereby stifling market growth.
Impact of Covid-19 on Global Laparoscopic Instruments Market
The COVID-19 outbreak and global pandemic situation have had a
significant negative effect on the surgery industry, particularly the surgery
instrument market. Following the social distancing procedures, hospital visits
have decreased dramatically, and the overall healthcare system has been
compelled to change its focus to treating COVID-19 patients. All
non-emergency operations that could be postponed were rescheduled to avoid the
spread of viruses, as surgeries involve the opening of certain body parts. Patients
may have been put at risk as physicians and healthcare facilities were more
vulnerable to coronavirus. This has had a direct effect on laparoscopic
instrument production, resulting in the contraction of the market.
Global Laparoscopic Instruments Market - By Product
Based on product type, the global laparoscopic instruments market is
segmented into energy devices, laparoscopes, insufflation devices, handheld
instruments, suction/irrigation devices, and other products. In the year 2020,
laparoscopes had the highest demand, resulting in the largest market share.
This is due to the fact that laparoscopes are extremely useful in a variety of
surgical procedures such as gynecology, cholecystectomy, urology, and so on. With
the growing popularity of bariatric surgical procedures involving the use of
laparoscopic instruments, the market for these is also increasing.
Global Laparoscopic Instruments Market - By Application
Based on application, the market is categorized into bariatric
surgery, gynecological surgery, colorectal surgery, and other applications.
Among these, the gynecological surgery segment held the largest market share for
laparoscopic instruments in the year 2020. Some of the factors driving the high
demand of this segment is spiraling gynecological laparoscopic procedures like
hysterectomy, ovarian cyst removal, tubal ligation, etc. Due to research and
development, the market is expected to rise even further during the forecast
period, as gynecology expertise expands.
Global Laparoscopic Instruments Market - By End-user
Based on end-user, the global laparoscopic instrument market is
segmented into ambulatory centers, hospitals, clinics, and other end users. The
hospital segment held the largest market share in the year 2020. This is mostly
due to the growth in the number of technologically specialized hospitals
equipped with cutting-edge surgical instruments and technical devices, highly
skilled doctors, and cost-effective treatments. The number of patients
approaching hospitals for the treatment of various medical ailments like rectal
prolapse, ulcerative colitis, Crohn’s disease, etc. is rising. As a result, the
demand for laparoscopic instruments in hospitals is also going up.
Global Laparoscopic Instruments Market - Regional Insights
Geographically, the laparoscopic instrument market is categorized into
North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and
Middle-East & Africa (MEA). North America has the largest market share in
terms of demand for laparoscopic instruments among all countries. The
prevalence of obesity among the American population is on a drastic surge over
the past few years. The cases of colorectal cancer are also rising. As a
result, people are getting more aware of laparoscopic procedures for the
treatment of these ailments, which is pulling the market growth for
The key players in the global laparoscopic instruments market are Becton, Dickinson And Company, B. Braun Melsungen AG,
Smith & Nephew PLC, Medtronic PLC, Cook Medical LLC, Fujifilm Holdings
Corporation, Olympus Corporation, Stryker Corporation, Richard Wolf GmbH, KARL
STORZ SE & Co. KG, Aesculap, Microline Surgical, Boston Scientific, Apollo
Endosurgery, Ethicon Inc., Olympus Corporation, Millennium Surgical Corp,
CooperSurgical, Inc., Stryker Corporation and other prominent players. These players adopt competitive
strategies like acquisitions, partnerships, and mergers to stay ahead in the
market. Moreover, product launches for the purpose of expanding their portfolio
are very popular among companies in the laparoscopic instruments industry.
l In April 2021, Genesis
MedTech, a well-known medical device company, announced the launch of novel
Laparoscopic technology in China and Singapore. In complicated processes, the
latest technology would enable surgeons to conduct more minimally invasive
surgery rather than open surgery, minimizing patient complications and allowing
for a quicker recovery period.
l In February 2019, CONMED Corporation, a US-based surgical and medical
instrument manufacturing company acquired Buffalo Filter LLC, a surgical smoke
evacuation company based in the US. The acquisition was aimed towards expanding
the company’s portfolio by combining the products of Buffalo filters like smoke
evacuators, laparoscopic solutions, smoke evacuation pencils, etc.
Scope of the Report
Historical data – 2017-2020
Base Year – 2021
Forecast – 2021 – 2027
Revenue in USD Million
North America, Europe, the Asia-Pacific, Latin America, and the
Middle East and Africa
By Product, By Application, By End-user, By Region
Becton, Dickinson And Company, B. Braun Melsungen
AG, Smith & Nephew PLC, Medtronic PLC, Cook Medical LLC, Fujifilm
Holdings Corporation, Olympus Corporation, Stryker Corporation, Richard Wolf
GmbH, KARL STORZ SE & Co. KG, Aesculap, Microline Surgical, Boston
Scientific, Apollo Endosurgery, Ethicon Inc., Olympus Corporation, Millennium
Surgical Corp, CooperSurgical, Inc., Stryker Corporation, and other prominent players.
Ø Other End
Ø North America
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø Middle-East & Africa (MEA)
1. What is the current size of the global laparoscopic instruments
Answer: The global laparoscopic instruments market
reached USD 10.5 billion in 2020.
2. What are the major factors driving the growth of the global
laparoscopic instruments market?
Answer: The major factor driving the growth of the global
laparoscopic instruments market are; growing preference for minimally invasive
surgeries and expanding healthcare infrastructure in developing economies
3. Who are the key players in the global laparoscopic instruments
Answer: The key players in the global laparoscopic
instruments market are: Becton, Dickinson And
Company, B. Braun Melsungen AG, Smith & Nephew PLC, Medtronic PLC, Cook
Medical LLC, Fujifilm Holdings Corporation, Olympus Corporation, Stryker
Corporation, Richard Wolf GmbH, KARL STORZ SE & Co. KG, Aesculap, Microline
Surgical, Boston Scientific, Apollo Endosurgery, Ethicon Inc., Olympus
Corporation, Millennium Surgical Corp, CooperSurgical, Inc., Stryker Corporation
and other prominent players.
4. Which end-user segment accounted for the largest share in the
global laparoscopic instruments market?
Answer: The hospital segment accounted for the largest
share in the global laparoscopic instruments market.
5. Which region holds the largest share in the global
laparoscopic instruments market?
North America has the largest share in the global laparoscopic instruments market.