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Pulished Date April, 2021
ID: 617
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North America Laparoscopy Devices Market Research Report - Segmented By Product Type, Therapeutic Application, End Users & Country (The United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 617
Pages: 145

North America Laparoscopy Devices Market Size (2021 to 2026)

The size of the Laparoscopy Devices Market in North America was worth USD 3.66 billion in 2021. It is estimated to be growing at a CAGR of 7.08% and worth USD 5.16 billion by 2026. North America is the leading region of the Laparoscopy Devices market, followed by Europe.

Laparoscopy is a technique performed through a key whole insertion procedure and requires minimum instrumentation. A minor camera and a light source attached to a flexible tube permit the surgeons to move special laparoscopic devices to the target area and perform surgical procedures. Surgeries related to the pancreas, liver, colon, and bile duct are majorly performed using laparoscopy.

The adoption of laparoscopic devices among healthcare professionals is increasing with the growing advancements. The North American laparoscopy devices market is mainly driven by the adoption of subscription commerce-based models for product selling and increasing private and foreign investments. As a result, the manufacturers reduce the devices' pricing to remain competitive, fuelling the market growth.

Due to the increase in the advancements and developments in the technology of laparoscopy surgery devices among health care professionals. The treatment with this device is affordable and provides a low risk of infections than open surgery.  Because minimally invasive procedures produce less post-operative discomfort, patients require fewer painkillers. Because there are few incisions or sutures, the hospital stay is generally brief, and patients do not need to return to the hospital frequently.

The market for laparoscopic devices in North America is fiercely competitive, with several prominent competitors. Therefore, an increase in the number of market players like Johnson and Johnson (Ethicon Inc.), ConMed Corporation by providing substitute products to market are increasing the market growth of the Laparoscopy devices. Also, the rise in new technologies and developments are supporting market growth.

Due to the shortage of qualified surgeons to operate the advanced devices as the devices are expensive and they should be handled with care for that expertise are need while performing the surgeries with the laparoscopic device, the aforementioned factors are expected to impose a negative impact on the market’s growth rate during the forecast period. Furthermore, if the technique is not performed right then, it takes a longer period of time to complete than open surgery. Also, the device provides a limited degree of mobility with loss of touch sensation, due to which people prefer other technologies present in the market.

Factors such as the adverse effect like infection, risk of damaging internal structures, etc., and increase in the use of robotics-assisted operations are further expected to limit the market growth of the devices in the North American region.

This research report on the North American 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: 

  • United States
  • Canada
  • Rest of North America

Regionally, the United States is the largest market in the region and globally, followed by Canada. Increasing awareness in the region is the major factor driving the market. The laparoscopic devices market in the United States was estimated to be worth USD 2.3 billion in 2020, with over 2.7 million laparoscopic operations conducted each year. And, further, the market is anticipated to expand at a prominent CAGR during the forecast period. It is all due to the advancements and new developments of the products with increased awareness about the devices. Obesity affects about 40 percent of American adults aged 20 and above. Overweight and obesity affect 71.6 percent of individuals aged 20 and above. The open Hasson entry technique is the most common laparoscopic main entrance method utilized by general surgeons in Canada that are 80.3 percent. Closed Veress- insufflated trocar and cannula entrance were reported by a lesser percentage of surgeons, 13.7 percent. Regardless of past abdominal surgery, Canadian general surgeons clearly favor open periumbilical port insertion when doing an elective laparoscopic procedure such as a cholecystectomy. In obese patients, it appears that general surgeons prefer to put 65.4 percent of the supraumbilical ports rather than 22.6 percent of the infraumbilical ports. Around every year, over 15 million laparoscopic operations are performed worldwide, with the United States accounts for 32 percent of the total.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North 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 United States            

                                6.3 Canada         

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. North America Laparoscopy Devices Market, By Region, From 2021 to 2026 (USD Million)
  2. North America Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Million)
  3. North America Internal Closure Devices Market, By Region, From 2021 to 2026 (USD Million)
  4. North America Hand Access Instruments Market, By Region, From 2021 to 2026 (USD Million)
  5. North America Robotic Assisted Surgical System Market, By Region, From 2021 to 2026 (USD Million)
  6. North America Laparoscopes Market, By Region, From 2021 to 2026 (USD Million)
  7. North America Direct Energy Systems Market, By Region, From 2021 to 2026 (USD Million)
  8. North America Insufflation Devices Market, By Region, From 2021 to 2026 (USD Million)
  9. North America Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Million)
  10. North America Colorectal Surgery Market, By Region, From 2021 to 2026 (USD Million)
  11. North America Gynaecological Surgery Market, By Region, From 2021 to 2026 (USD Million)
  12. North America General Surgery Market, By Region, From 2021 to 2026 (USD Million)
  13. North America Bariatric Surgery Market, By Region, From 2021 to 2026 (USD Million)
  14. North America Urological Surgery Market, By Region, From 2021 to 2026 (USD Million)
  15. North America Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Million)
  16. North America Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  17. North America Clinics Market, By Region, From 2021 to 2026 (USD Million)
  18. North America Ambulatory Surgical Centers Market, By Region, From 2021 to 2026 (USD Million)
  19. United States Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Million)
  20. United States Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Million)
  21. United States Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Million)
  22. Canada Laparoscopy Devices Market, By Product Type, From 2021 to 2026 (USD Million)
  23. Canada Laparoscopy Devices Market, By Therapeutic Application, From 2021 to 2026 (USD Million)
  24. Canada Laparoscopy Devices Market, By End Users, From 2021 to 2026 (USD Million)

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