Laparoscopic Instruments Market 2020 growth factors, latest trend and regional analysis of leading players by 2026

Laparoscopic Instruments Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Technological advancements in the healthcare sector and growing inclination towards minimally invasive surgery are expected to impel laparoscopic instruments market size by 2026. Rising cases of gynecological issues have driven the requirement for improved clinical instruments.

Laparoscopic instruments mostly include closure devices, access devices, insufflators, laparoscopes, hand instruments, suction systems and laparoscope accessories. Laparoscopes are widely used in several surgical procedures such as gynecology, urology and cholecystectomy. Rising cases of obesity has led to a surge in the number of bariatric surgeries performed through laparoscopy.

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Considering growing demand, manufacturers of laparoscopic instruments are engaging in acquisitions and development of advanced products. For example, in 2020, Japanese optical products manufacturer, Olympus Corporation announced the signing of an agreement to acquire Arc Medical Design Limited, a subsidiary of Norgine B.V., to develop advanced colonoscopy tools, focus on R&D and expand its gastrointestinal therapeutic devices segment with the main objective of enhancing early detection as well as treatment of CRC (colorectal cancer).

With such developments, GMI, suggests that the laparoscopic instruments market may record over USD 20 billion by 2026.

How are colorectal cancer cases driving laparoscopic instruments requirement?

Rising cases of colorectal cancer have propelled product demand. Laparoscopic colorectal surgeries have multiple benefits including improved pulmonary function, reduced blood loss, less postoperative pain, quicker return of bowel function, lesser complications and shorter hospital stay.

As per studies, over 100,000 new cases of colon cancer and around 40,000 new cases of rectal cancer were reported in the U.S. in 2019, which are a key factor driving overall market growth and demand for laparoscopic surgeries.

How will hospital segment contribute towards product demand?

The hospitals segment is expected to grow at a CAGR of 11% over the coming years owing to increasing number of minimally invasive procedures, improved patient experience, low cost surgeries and better flexibility of scheduling. Additionally, growing number of hospital admissions related to surgical procedures is likely to boost product demand.

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Germany laparoscopic instruments market is projected to register substantial growth owing to rising preference towards minimally invasive surgeries by patients and healthcare providers over open surgeries. Adoption of new and advanced technologies will positively impact regional market share.

Companies such as Apollo Endosurgery, Intuitive Surgical, Boston Scientific, CONMED Corporation, Olympus Corporation, Stryker Corporation, Smith & Nephew Inc., Cook Medical Inc., Karl Storz GmbH, Richard Wolf GmbH, Medtronic Plc (Covidien), Microline Surgical, Ethicon Inc., and Aesculap, among others, are some of the major contenders in the global laparoscopic instruments market. These firms are focusing on enhancing their market position by means of various business strategies such as new product launches, acquisitions, partnerships and collaborations. 

Partial Chapter of the Table of Content 

Chapter 5.  Laparoscopic Instruments Market, By Application

5.1. Key segment trends

5.2. Gynecology Surgery

5.2.1.  Market size, by region, 2015 – 2026 (USD Million)

5.2.2.  Market size, by region, 2015 – 2026 (Number of procedures)

5.3. Urological Surgery

5.3.1.  Market size, by region, 2015 – 2026 (USD Million)

5.3.2.  Market size, by region, 2015 – 2026 (Number of procedures)

5.4. Colorectal Surgery

5.4.1.  Market size, by region, 2015 – 2026 (USD Million)

5.4.2.  Market size, by region, 2015 – 2026 (Number of procedures)

5.5. Bariatric Surgery

5.5.1.  Market size, by region, 2015 – 2026 (USD Million)

5.5.2.  Market size, by region, 2015 – 2026 (Number of procedures)

5.6. General Surgery

5.6.1.  Market size, by region, 2015 – 2026 (USD Million)

5.6.2.  Market size, by region, 2015 – 2026 (Number of procedures)

5.7. Pediatric Surgery

5.7.1.  Market size, by region, 2015 – 2026 (USD Million)

5.7.2.  Market size, by region, 2015 – 2026 (Number of procedures)

5.8. Others

5.8.1.  Market size, by region, 2015 – 2026 (USD Million)

5.8.2.  Market size, by region, 2015 – 2026 (Number of procedures)

Chapter 6.  Laparoscopic instruments Market, By Device Type

6.1. Key segment trends

6.2. Hospitals

6.2.1.  Market size, by region, 2015 – 2026 (USD Million)

6.3. Ambulatory Surgical Centers

6.3.1.  Market size, by region, 2015 – 2026 (USD Million) 

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