Laparoscopy Instruments Market Forecasts to 2028 – Global Analysis By Product Type (Laparoscopes, Insufflators and Other Product types), Application (Urological Surgery, Gynecological Surgery and Other Application) End User and By Geography

Laparoscopy Instruments Market Forecasts to 2028 – Global Analysis By Product Type (Laparoscopes, Insufflators and Other Product types), Application (Urological Surgery, Gynecological Surgery and Other Application) End User and By Geography

According to Stratistics MRC, the Global Laparoscopic Instruments Market is accounted for $14.08 billion in 2022 and is expected to reach $31.73 billion by 2028 growing at a CAGR of 14.5% during the forecast period. Laparoscopic Instruments are the instruments that are used for surgical procedures that are performed through one or multiple small incisions, moderately than through a larger, typically single, incision through the abdominal wall with the help of a camera. Laparoscopic Instruments offer benefits of minimal invasion and less pain which heal faster and do not leave scars. Moreover, they provide better cosmesis, reduction in the rate of problems at the abdominal wall, shorter duration of hospitalization, and faster recommencement of daily life activities, use of these devices in surgical procedures ensure minimal bleeding and help in maintaining haemostasis.

According to a Ergie P.Inocian et al., published in Surgery for Obesity and Related Diseases Journal June 2021, there has been an increasing volume of bariatric surgeries in the Middle East to address obesity and metabolic disorders. Thus, bariatric surgical procedures continue to gain acceptance as a treatment for severe obesity in the Middle-East and North Africa regions, which is expected to impact market growth positively.

Market Dynamics:

Driver:

Rising inclination towards minimal invasive surgery over open surgery

The laparoscopic surgery is preferred more than usual surgeries owing to its abundant benefits, such as shorter hospital stay, decreased blood loss, and lower patient morbidity of laparoscopy, as well as providing quick recovery time, rapid and successful outcomes, low risk of infection, small or no incision and less pain. As the demand for laparoscopic surgery is drastically increasing, the demand for laparoscopic instruments is likely to also grow during the forecast period.

Restraint:

Lack of trained healthcare professionals

Laparoscopic surgery challenges the medical assistant control of surgeon visualization. There are increased levels of fatigue, technical errors, time to complete the surgery and instrument handling. This can also include infection, allergic reactions, damage to the organs, adhesions, blood clots, internal bleeding, in addition due to the reduced range of movement from tiny holes can be difficult. In some cases the unstable video camera platform, limited motion does not allow the surgeon to perform the surgery effectively, thus hampering the market growth.

Opportunity:

Change in lifestyle patterns

The factors driving the growth of the market are the increasing number of patients suffering from health issues such as uterine fibroids, and endometriosis, the rising number of hysterectomy and myomectomy procedures, and growing awareness about the improving healthcare infrastructure in emerging economies. Moreover instruments like medical laparoscopic robots, laparoscopes, laparoscopy reusable minimally invasive instruments, laparoscopic slide lock graspers, laparoscopic suction irrigation sets, and specialty laparoscopic instruments are propelling the market growth.

Threat:

Diminished infrastructure support for laparoscopic procedures in developing countries

However developing countries have a wide gap in the infrastructure available to support advanced medical procedures such as laparoscopy. The healthcare systems in developing countries are struggling to provide the infrastructure and resources to support advanced surgical techniques such as laparoscopic procedures which in turn reduces the number of laparoscopic procedures performed in these countries there by hindering the laparoscopic instruments market.

Covid-19 Impact

The COVID-19 pandemic has produced a significant challenge for the global healthcare industry. The Restricted access to medical services has led to insufficient care for patients suffering from other diseases. Laparoscopy has been adversely impacted by the pandemic. During this period, surgeries are often even cancelled or being postponed to the lower transmission of the virus. The COVID-19 pandemic has significantly impacted urological care and urologist recruitment in this region. The urology practice has been changed due to the exceptional impact on the healthcare system during the pandemic, hence reducing the market growth.

The Laparoscopes segment is expected to be the largest during the forecast period

The Laparoscopes segment is estimated to have a lucrative growth, due to its ability to diagnose a wide range of conditions that develop inside the abdomen or pelvis in which a small tube is inserted through the incision and carbon dioxide gas is pumped through the tube to inflate the stomach and performed as this procedure is less painful and easy for the patient to handle the pre and post operational stress with minimal infectious conditions are boosting the growth of the market.

The surgery segment is expected to have the highest CAGR during the forecast period

The bariatric surgery segment is anticipated to witness the fastest CAGR growth during the forecast period because it is one of the major treatment procedures for treating obesity. During this procedure, the size of the stomach is reduced by either removing some parts of the stomach or using a gastric band. Increasing obesity rates among children and adolescents are being witnessed across the globe, leading to several young patients undergoing bariatric surgery. The increasing bariatric surgical procedures are likely to raise the demand for disposable laparoscopic devices.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to The factors attributed to the region's high growth are the increasing cases of obesity, various chronic diseases, and the growing adoption of minimally-invasive surgeries. the high prevalence of chronic diseases in the country increases the demand for minimally invasive surgeries, thus, driving the laparoscopy devices market. Furthermore, advancements in various surgical devices from established players in the US are likely to drive market growth in North America.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increase in geriatric population and prevalence of gastrointestinal & abdominal diseases in the region. In addition, rush in incidences of morbid obesity among the European population is likely to increase the demand for bariatric surgeries performed in the region for reducing weight, thereby boosting the growth of laparoscopy devices.

Key players in the market

Some of the key players profiled in the Laparoscopic Instruments Market include Medtronic, Stryker Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, CONMED Corporation, GENICON, INC., Karl Storz SE & CO., Johnson and Johnson, Applied Medical Resources Corporation, Microline Surgical, Mediflex-surgical-products.

Key Developments:

In Dec 2022, Medtronic announces first patient enrolled in U.S. clinical trial for Hugo™ robotic-assisted surgery system e robotic-assisted prostatectomy procedure was performed by Dr. Michael R. Abern at Duke University Hospital in Durham, N.C. Minimally invasive surgery, including robotic-assisted surgery, offers fewer complications, shorter hospital stays, faster return to normal activities, and smaller scars.

In Dec 2022, Stryker launches Citrefix™ Suture Anchor System, featuring award-winning Citregen biomaterial designed to support bone regeneration and the natural healing process
The new system uses Citregen™, an award-winning bioresorbable material designed to mimic the chemistry and structure of native bone.

In Nov 2022, Medtronic Launches World's First and Only Infusion Set for Insulin Pumps that Doubles Wear Time up to 7 days in U.S.e. An infusion set is tubing that delivers insulin from an insulin pump to the body and typically requires a set change every two to three days.

Product Types Covered:
• Laparoscopes
• Insufflators
• Energy Devices
• Hand Instruments
• Robot-Assisted Surgery Systems
• Suction Or Irrigation Systems
• Closure Devices
• Access Devices
• Other Product Types

Applications Covered:
• Urological Surgery
• Gynecological Surgery
• General Surgery
• Bariatric Surgery
• Colorectal Surgery
• Other Application

End Users Covered:
• Ambulatory Surgical Centers
• Hospitals
• Speciality Clinics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements