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Pulished Date April, 2021
ID: 618
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Europe Laparoscopy Devices Market Research Report - Segmented By Product Type, Therapeutic Application, End Users & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 618
Pages: 143

Europe Laparoscopy Devices Market Size (2021 to 2026)

The size of the Laparoscopy Device Market in Europe was worth USD 1.83 billion in 2021 and is estimated to be growing at a CAGR of 7.28%, to reach USD 2.61 billion by 2026.

Europe’s shift to a diagnosis-related group (DRG) based reimbursement system emphasizes the significance of these improvements in minimally invasive surgery.

Laparoscopic devices characterize multiple laparoscopic instruments into one, causing reduced operating times and greater surgical efficiency. These devices are bipolar devices that serve as multifunctional devices that allow surgeons to both seal and grasp.  With superior recovery times and decreased postoperative pain, laparoscopy is preferred over any other old techniques.

Factors such as the rising use of invasive surgeries over open surgeries, the rising frequency of colorectal cancer, the rising number of laparoscopic bariatric treatments, and technological advancements in the field of laparoscopy are contributing to market expansion. In addition, laparoscopic instrument manufacturers will be compelled to focus on emerging countries in the next few years due to saturated established markets in developed regions such as Europe. One of the primary reasons driving the market's growth throughout the forecast period is the rising prevalence of obesity among people of all ages. Obesity and overweight are serious health issues that can lead to various diseases and problems, including diabetes, cardiovascular disease, and cancer. Traditional laparoscopic instruments (diameters 10–12 mm) are being replaced by recently created laparoscopic instruments with sizes less than 3 mm in micro-laparoscopy, a new technology utilized in laparoscopic procedures. When compared to traditional methods of lap surgery, the use of single-site incision surgery has increased. Growing demand for data-integrated imaging systems and new regions are likely to provide significant potential prospects.  

Laparoscopy allows a doctor to view a patient's body in real-time without requiring open surgery. The rising demand for laparoscopic operations, particularly bariatric surgery, has boosted the industry tremendously. The expansion of 5G communication technologies for robot-assisted surgery in the European laparoscopic device market is offering value-grab opportunities. Researchers are using swine models to evaluate the usefulness of 5G ultra-remote robot-assisted laparoscopic procedures due to a lack of evidence about their performance, stability, and safety. Governments, healthcare organizations, and investors sponsor startups in the laparoscopic equipment sector to develop robotic technologies. Because traditional devices have a significant learning curve and training period, healthcare entrepreneurs in the laparoscopic devices industry are strengthening their R&D muscle in robotic laparoscopy devices. The surgical operations market is dominated by laparoscopic colectomy, laparoscopic appendectomy, laparoscopic cholecystectomy, laparoscopic repair of inguinal hernia, laparoscopic hysterectomy, and laparoscopic bariatric surgeries.

Increasing competition for device manufacturing companies is a challenge for market participants. The increased desire for robotic surgeries as an alternative to laparoscopic procedures and the launch of revolutionary laparoscopic devices are projected to limit the market growth. Furthermore, the European laparoscopic devices market is likely to be hampered by a dearth of qualified laparoscopic surgeons and the high cost of laparoscopic equipment over the forecast period. Furthermore, training requirements and a dearth of high-quality data act as roadblocks to the rapid adoption of robot-assisted laparoscopy, limiting the laparoscopic device market's growth in the European region.

This research report on the European Laboratory devices market has been segmented and sub-segmented into the following categories:

By Product Type: 

  • Internal Closure Devices
  • Hand Access Instruments
  • Robotic-Assisted Surgical System
  • Laparoscopes
  • Direct Energy Systems
  • Insufflation Devices

By Therapeutic Application: 

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

By End Users: 

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Regionally, the major population in the U.K is obese and aged, which drives the market for this region. Hence, it is expected to witness lucrative growth in the forecast period. The German laparoscopy devices market is expected to dominate the European market during the forecast period. As a result, Germany is expected to rise throughout Europe. The growing geriatric population and the increased frequency of abdominal and gastrointestinal disorders are driving the use of sophisticated laparoscopic instruments. Its advantages of less postoperative pain and shorter hospital stays outweigh its drawbacks, resulting in increased acceptance in healthcare settings. The high prevalence of morbid disease and chronic medical issues, together with the rising demand for minimally invasive surgery, is boosting the regional market.

KEY MARKET PLAYERS:

A few promising European laparoscopy devices market companies profiled in this report are Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical Stryker Medtronic, B. Braun Melsungen AG, Ethicon US LLC, and Smith & Nephew.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Product Type                       

                                5.1.1 Internal Closure Devices   

                                5.1.2 Hand Access Instruments 

                                5.1.3 Robotic Assisted Surgical System   

                                5.1.4 Laparoscopes         

                                5.1.5 Direct Energy Systems       

                                5.1.6 Insufflation Devices            

                5.2 By Therapeutic Application                  

                                5.2.1 Colorectal Surgery               

                                5.2.2 Gynaecological Surgery     

                                5.2.3 General Surgery   

                                5.2.4 Bariatric Surgery   

                                5.2.5 Urological Surgery

                5.3 By End Users                              

                                5.3.1 Hospitals  

                                5.3.2 Ambulatory Surgical Centers           

                                5.3.3 Clinics        

6. Geographical Analysis                                              

                                6.1 Introduction               

                                6.2 U.K 

                                6.3 Spain             

                                6.4 Germany     

                                6.5 Italy               

                                6.6 France          

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Boston Scientific Corporation                             

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues             

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Karl Storz                     

                8.3 ConMed                      

                8.4 Aesculap                      

                8.5 Covidien                      

                8.6 Olympus                      

                8.7 Intuitive Surgical                       

                8.8 Stryker                         

                8.9 Medtronic                   

                8.10 B. Braun Melsungen AG                     

                8.11 Ethicon US LLC                        

                8.12 Smith & Nephew                   

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Laparoscopy Devices Market, By Region, From 2021 to 2026 (USD Billion)
  2. Europe Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  3. Europe Internal Closure Devices Market, By Region, From 2021 to 2026 (USD Billion)
  4. Europe Hand Access Instruments Market, By Region, From 2021 to 2026 (USD Billion)
  5. Europe Robotic Assisted Surgical System Market, By Region, From 2021 to 2026 (USD Billion)
  6. Europe Laparoscopes Market, By Region, From 2021 to 2026 (USD Billion)
  7. Europe Direct Energy Systems Market, By Region, From 2021 to 2026 (USD Billion)
  8. Europe Insufflation Devices Market, By Region, From 2021 to 2026 (USD Billion)
  9. Europe Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Billion)
  10. Europe Colorectal Surgery Market, By Region, From 2021 to 2026 (USD Billion)
  11. Europe Gynaecological Surgery Market, By Region, From 2021 to 2026 (USD Billion)
  12. Europe General Surgery Market, By Region, From 2021 to 2026 (USD Billion)
  13. Europe Bariatric Surgery Market, By Region, From 2021 to 2026 (USD Billion)
  14. Europe Urological Surgery Market, By Region, From 2021 to 2026 (USD Billion)
  15. Europe Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Billion)
  16. Europe Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  17. Europe Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  18. Europe Ambulatory Surgical Centers Market, By Region, From 2021 to 2026 (USD Billion)
  19. U.K Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  20. U.K Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Billion)
  21. U.K Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Billion)
  22. Spain Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  23. Spain Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Billion)
  24. Spain Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Billion)
  25. Germany Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  26. Germany Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Billion)
  27. Germany Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Billion)
  28. Italy Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  29. Italy Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Billion)
  30. Italy Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Billion)
  31. France Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Billion)
  32. France Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Billion)
  33. France Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Billion)

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