The size of the Global Laparoscopy Devices Market was worth USD 8.98 billion in 2019 and estimated to be growing at a CAGR of 7.45%, to reach USD 12.86 billion by 2024.
The increase in diseases such as colorectal cancer drives the growth of the global laparoscopy devices market. Factors such as gall bladder issues, Crohn's disease, and obesity are driving this market growth. Also, the increase in disposable income of the population is acting as a driver in the Laparoscopy Devices Market growth. Robot performing a particular task is the fast-growing technology along the forecast period. Development of product and action were taken to serve the right to give orders is driving the Global Laparoscopy Devices Market growth.
The surge in healthcare expenditure is likely to create new opportunities for market expansion. The quantitative analysis of the industry is provided to enable the key stakeholders to invest a considerable amount, which will improve market opportunities. Upcoming new markets or the emergence of new players, and the increase in usage of robot-assisted technology will provide new opportunities in the forthcoming years. To overcome the challenges in this business, devices with enhanced capabilities like sterility, adaption and safety are being launched by the key players.
The lack of awareness among the people about the laparoscopic surgeries and devices and unstable reimbursement of laparoscopy devices restrain the Global Laparoscopy Devices Market growth over the estimated period. Post-operative risks that are associated with laparoscopy procedures also limit the market. Lack of having skilful professionals or doctors, for laparoscopic procedures, related to post-operative risk, may restrict the market growth to some extent.
Key happenings in this market in the recent past:
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
Segments Covered |
By Product Type, Therapeutic Application, End Users and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Boston Scientific Corporation, Karl Storz, ConMed, Aesculap, Covidien, Olympus, Intuitive Surgical, Stryker, Medtronic, B. Braun Melsungen AG, Ethicon US LLC and Smith & Nephew. |
This research report on the Global Laparoscopy Devices Market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.
Laparoscopy Devices Market Analysis – By Product Type:
On the basis of product type, the direct energy system devices segment has accounted for maximum share in 2018 and is projected to register a healthy CAGR in the forecast period.
Laparoscopy Devices Market Analysis – By Therapeutic Application:
Laparoscopy Devices Market Analysis – By End Users:
On the basis of end-users, the Hospitals have a high market value and are foreseen to expand rapidly in the coming years, owing to increasing demand for minimal invasive surgeries (MIS), supporting the growth of global laparoscopic devices market.
Regional Analysis:
North America is expected to lead the global laparoscopic devices market in terms of revenue share during the forecast period. Asia-Pacific is estimated to witness significant growth fuelled by factors like increasing geriatrics population and a rise in abdominal disorders in the region.
List of the key participants leading the Global Laparoscopy Devices Market profiled in this report are
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 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Argentina
6.4.5 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
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
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