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Latin America Laparoscopy Devices Market Research Report - Segmented By Product Type, Therapeutic Application, End Users & Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) - Industry Size, Share, Trends, Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 620
Pages: 139

Latin America Laparoscopy Devices Market Size (2022 to 2027)

The size of the Laparoscopy Device Market in Latin America was worth USD 2.03 billion in 2022 and estimated to be growing at a CAGR of 7.79%, to reach USD 2.95 billion by 2027. Latin America represents a rapidly growing market worldwide.

A laparoscopy is a form of surgery. A laparoscope and other tools are inserted into small incisions in the body, such as the abdominal wall, to view structures within the internal body cavity. Various probes or other tools can also be inserted via these small skin incisions, allowing for various activities such as diagnosis and therapy.

The Latin American laparoscopy devices market is expected to be driven by an increase in the use of minimally invasive operations over traditional techniques, growth in the frequency of colorectal cancer, an increase in the number of laparoscopic bariatric procedures, and other surgical-related technical developments. In addition, the benefits of minimally invasive procedures, such as less invasiveness, faster patient recovery, and lower treatment costs, have increased the demand for laparoscopy instruments.

The Latin American laparoscopic devices market is further favored by the technological developments, an aging population, and a growing need for lower healthcare costs. Furthermore, the laparoscopic equipment business is seeing profitable expansion due to the rapidly growing population base.

Over the forecast period, the hospitals' segment has a high market value depending on end customers. They are expected to develop significantly in the future, owing to the growing need for less invasive procedures, which would help the laparoscopic devices market flourish. In addition, many people visit hospitals regularly for various medical issues, and the growing number of laparoscopic operations performed in hospitals fuels market growth.

The acceptance of high-priced products, particularly advanced energy devices, will be hampered by difficult economic conditions. The lack of public knowledge regarding laparoscopy procedures and devices and the uncertain reimbursement of laparoscopy equipment may limit market growth throughout the forecast period. In addition, the market is further hampered by the post-operative hazards connected with laparoscopic treatments. The growth of the laparoscopy devices market may be limited by a scarcity of skilled specialists for laparoscopic procedures, including post-operative risk.

This research report on the Latin America 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: 

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Rest of Latin America

The laparoscopic devices market in Latin America is expected to develop significantly during the forecast period. The expansion of the market is aided by fast technological advancements and a growing need for cost-effective goods. Laparoscopy surgery is one of the most often performed minimally invasive operations in the region. For the treatment of colon and stomach cancer and cholecystectomy, laparoscopic surgery has seen many advancements. As a result, increasing public awareness of minimally invasive treatments and the increased incidence of chronic illnesses across the country are driving up demand for endoscopic instruments.

The Mexican laparoscopy devices market is anticipated to have the greatest growth of minimally invasive operations over the projection period. The market growth is driven by extensive availability of modern technology, enhanced repayment techniques, and increased adoption of minimally invasive procedures trends for diagnosis and treatment of different ailments such as chronic diseases and others contribute to the market's growth in this area.

On the other hand, the Brazilian laparoscopy devices market is likely to hold a significant share in the Latin American market due to the increased rates of morbid obesity in the population and the growing demand for bariatric operations to help people lose weight.

KEY MARKET PLAYERS:

A few prominent companies leading in the Latin America Laparoscopy Devices Market 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 Brazil             

                                6.3 Mexico         

                                6.4 Argentina    

                                6.5 Rest of Latin America             

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                              

  1. Latin America Laparoscopy Devices Market, By Region, From 2022 - 2027 (USD Billion)
  2. Latin America Laparoscopy Devices Market, By Product Type, From 2022 - 2027 (USD Billion)
  3. Latin America Internal Closure Devices Market, By Region, From 2022 - 2027 (USD Billion)
  4. Latin America Hand Access Instruments Market, By Region, From 2022 - 2027 (USD Billion)
  5. Latin America Robotic Assisted Surgical System Market, By Region, From 2022 - 2027 (USD Billion)
  6. Latin America Laparoscopes Market, By Region, From 2022 - 2027 (USD Billion)
  7. Latin America Direct Energy Systems Market, By Region, From 2022 - 2027 (USD Billion)
  8. Latin America Insufflation Devices Market, By Region, From 2022 - 2027 (USD Billion)
  9. Latin America Laparoscopy Devices Market, By Therapeutic Application, From 2022 - 2027 (USD Billion)
  10. Latin America Colorectal Surgery Market, By Region, From 2022 - 2027 (USD Billion)
  11. Latin America Gynaecological Surgery Market, By Region, From 2022 - 2027 (USD Billion)
  12. Latin America General Surgery Market, By Region, From 2022 - 2027 (USD Billion)
  13. Latin America Bariatric Surgery Market, By Region, From 2022 - 2027 (USD Billion)
  14. Latin America Urological Surgery Market, By Region, From 2022 - 2027 (USD Billion)
  15. Latin America Laparoscopy Devices Market, By End Users, From 2022 - 2027 (USD Billion)
  16. Latin America Hospitals Market, By Region, From 2022 - 2027 (USD Billion)
  17. Latin America Clinics Market, By Region, From 2022 - 2027 (USD Billion)
  18. Latin America Ambulatory Surgical Centers Market, By Region, From 2022 - 2027 (USD Billion)
  19. Brazil Laparoscopy Devices Market, By Product Type, From 2022 - 2027 (USD Billion)
  20. Brazil Laparoscopy Devices Market, By Therapeutic Application, From 2022 - 2027 (USD Billion)
  21. Brazil Laparoscopy Devices Market, By End Users, From 2022 - 2027 (USD Billion)
  22. Argentina Laparoscopy Devices Market, By Product Type, From 2022 - 2027 (USD Billion)
  23. Argentina Laparoscopy Devices Market, By Therapeutic Application, From 2022 - 2027 (USD Billion)
  24. Argentina Laparoscopy Devices Market, By End Users, From 2022 - 2027 (USD Billion)
  25. Mexico Laparoscopy Devices Market, By Product Type, From 2022 - 2027 (USD Billion)
  26. Mexico Laparoscopy Devices Market, By Therapeutic Application, From 2022 - 2027 (USD Billion)
  27. Mexico Laparoscopy Devices Market, By End Users, From 2022 - 2027 (USD Billion)

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