HOME Top Market Reports Laparoscopic Instruments Market by Product (Laparoscope, Insufflator, Energy Device), Application (Bariatric Surgery, Colorectal Surgery, General Surgery), End User (Hospitals, Ambulatory Surgical Centers) - Analysis & Global Forecast to 2021

Laparoscopic Instruments Market by Product (Laparoscope, Insufflator, Energy Device), Application (Bariatric Surgery, Colorectal Surgery, General Surgery), End User (Hospitals, Ambulatory Surgical Centers) - Analysis & Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: MD 4505

 

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The laparoscopic instruments market is projected to reach USD 11.68 Billion by 2021, growing at a CAGR of 8.9% during the forecast period of 2016 to 2021. Growth in the laparoscopic instruments market can be attributed to factors such as increasing investments in the laparoscopic instruments market, growing patient and physician preference for laparoscopic procedures as compared to open surgeries, rise in geriatric population, rise in prevalence of colorectal cancer and obesity which can be treated laparoscopically, and technological advances in the field of laparoscopic instruments. In the coming years, the laparoscopic instruments market is expected to witness the highest growth rate in the Asia-Pacific region. North America is expected to account for the largest share of the global laparoscopic instruments market in 2016. However, reduced Medicare payments to healthcare providers in the U.S., competition offered by robotic minimally invasive surgeries as an alternative to laparoscopic procedures, and dearth of trained physicians are likely to restrain the growth of the market during the forecast period.

The report segments the laparoscopic instruments market based on products, applications, and end users. The energy devices segment is expected to account for the largest share of the laparoscopic instruments market, by product, in 2016 and is also expected to grow at the highest CAGR. The technological advancements introduced in the energy devices segment enable it to offer advantages such as improved precision and reduced bleeding in laparoscopic procedures. These factors are driving the growth of this segment.

The gynecological surgery instruments segment is expected to account for the largest share of the laparoscopic instruments market, by application, in 2016. However, the bariatric surgery instruments segment is slated to grow at the highest CAGR in the forecast period. This is mainly due to the high prevalence of obesity and related disorders and the preference for laparoscopy for bariatric procedures as it requires smaller cuts, produces less tissue damage, enables earlier hospital discharges, and leads to fewer post-operative problems.

The hospitals segment is expected to account for the largest share of the laparoscopic instruments market, by end user, in 2016.The ambulatory surgical centers end-user segment is slated to grow at the highest CAGR in the forecast period. Ambulatory surgical centers are preferred for performing laparoscopic procedures by government bodies, insurance companies, physicians, and patients as they avoid tedious hospitalization processes and save costs. This provides impetus for the growth of the end-user segment.

The major players in the laparoscopic instruments market include Karl Storz GmbH & Co.KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (U.S.), Richard Wolf GMBH (Germany), Ethicon, Inc. (U.S.), Smith & Nephew PLC (U.K.), Cook Medical Incorporated (U.S.), and ConMed Corporation (U.S.), among others.

Scope of the Report

This research report categorizes the laparoscopic instruments market into the following segments:

Global Laparoscopic Instruments Market, by Product

  • Laparoscopes
  • Video Laparoscopes
  • Fiber Laparoscopes
  • Energy Devices
  • Insufflators
  • Suction/Irrigation Systems
  • Access Devices
  • Closure Devices
  • Hand Instruments
  • Accessories

Global Laparoscopic Instruments Market, by Application

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

Global Laparoscopic Instruments Market, by End User

  • Hospitals
  • Ambulatory Surgical Centers

Global Laparoscopic Instruments Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe (RoE)
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific (RoAPAC)
  • Rest of the World (RoW)
    • Latin America
    • Middle East and Africa

Stakeholders of the Laparoscopic Instruments Market

  • Endoscopes and related device manufacturing companies
  • Suppliers and distributors of laparoscopic instruments
  • Hospitals, diagnostic centers, and medical colleges
  • Independent surgeons and private offices of physicians
  • Ambulatory surgery centers
  • Teaching hospitals and Academic Medical Centers (AMCs)
  • Government bodies/municipal corporations
  • Business research and consulting service providers
  • Venture capitalists

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization option is available for the report:

  • Portfolio Assessment

Product Matrix, which gives a detailed comparison of the product portfolios of the top three companies in the market.

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Methodology Steps
    2.2 Secondary and Primary Research Methodology
           2.2.1 Secondary Research
                    2.2.1.1 Key Data From Secondary Sources
                    2.2.1.2 Primary Research
                    2.2.1.3 Key Industry Insights
           2.2.2 Key Data From Primary Sources
           2.2.3 Key Insights From Primary Sources
           2.2.4 Market Size Estimation Methodology
    2.3 Market Forecast Methodology
    2.4 Market Data Validation and Triangulation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 31)
    3.1 Introduction
    3.2 Conclusion

4 Premium Insights (Page No. - 37)
    4.1 Laparoscopic Instruments: Market Overview
    4.2 Geographic Snapshot of the Market
    4.3 Global Laparoscopic Instruments Market Size, By Product, 2016 vs 2021 (USD Million)
    4.4 Global Laparoscopic Instruments Market, By Application (2016 vs 2021)
    4.5 Global Laparoscopic Instruments Market, By End User (2016 vs 2021)

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Investments in the Laparoscopic Instruments Market
                    5.3.1.2 Growing Number of Laparoscopic Procedures Performed Globally Owing to Increasing Preference for Minimally Invasive Surgeries
                    5.3.1.3 Rising Prevalence of Colorectal Cancer
                    5.3.1.4 Increasing Number of Laparoscopic Bariatric Procedures
                    5.3.1.5 Technological Advancements in the Field of Laparoscopy
                    5.3.1.6 Growing Healthcare Markets in Emerging Economies
           5.3.2 Restraints
                    5.3.2.1 Reduced Medicare Payments to Healthcare Providers in the U.S.
                    5.3.2.2 Increasing Preference for Robotic Surgeries as an Alternative to Laparoscopic Procedures
                    5.3.2.3 Dearth of Trained Professionals in the Field of Laparoscopy
           5.3.3 Opportunities
                    5.3.3.1 Enhancements in Equipment Capabilities in Laparoscopic Instruments
                    5.3.3.2 Increasing Number of Free-Trade Agreements
           5.3.4 Challenge
                    5.3.4.1 Gaps in Infrastructural Support for Laparoscopic Procedures in Less Developed Countries

6 Global Laparoscopic Instruments Market, By Product (Page No. - 53)
    6.1 Introduction
    6.2 Laparoscopes
           6.2.1 Video Laparoscopes
           6.2.2 Fiber Laparoscopes
    6.3 Energy Devices
    6.4 Insufflators
    6.5 Suction/Irrigation Systems
    6.6 Closure Devices
    6.7 Hand Instruments
    6.8 Access Devices
    6.9 Accessories

7 Global Laparoscopic Instruments Market, By Application (Page No. - 72)
    7.1 Introduction
    7.2 Gynecological Surgery
    7.3 General Surgery
    7.4 Urological Surgery
    7.5 Colorectal Surgery
    7.6 Bariatric Surgery
    7.7 Pediatric Surgery

8 Global Laparoscopic Instruments Market, By End User (Page No. - 82)
    8.1 Introduction
    8.2 Hospitals
    8.3 Ambulatory Surgical Centers

9 Global Laparoscopic Instruments Market, By Region (Page No. - 87)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
                    9.2.1.1 Rise in the Number of Laparoscopic Bariatric Surgeries Performed
                    9.2.1.2 High Incidence of Colorectal Cancer in U.S.
                    9.2.1.3 Technological Advances in Laparoscopic Instruments
                    9.2.1.4 Rise in Geriatric Population in the U.S.
           9.2.2 Canada
                    9.2.2.1 Availability of Physician Bonuses
                    9.2.2.2 Incidence of Colorectal Cancer Cases in Canada
                    9.2.2.3 New Funding Model for Canadian Hospitals
                    9.2.2.4 Rise in Obesity in Canada Promoting Bariatric Surgeries
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Increasing Adoption of Laparoscopic Procedures in Urology in Germany
                    9.3.1.2 Minimal Out-Of-Pocket Expenditure for Medical Devices
                    9.3.1.3 Growing Aging Population and Increasing Prevalence of Prostate Cancer
           9.3.2 U.K.
                    9.3.2.1 Governmental Initiatives and Investments to Develop Operating Rooms in the U.K.
                    9.3.2.2 High Hospital Bed Occupancy and Average Length of Stay (ALOS)
           9.3.3 France
                    9.3.3.1 Favorable Government Support and Growing Geriatric Population
           9.3.4 RoE
                    9.3.4.1 Large Volume of Laparoscopic Procedures Performed Across Europe
                    9.3.4.2 Improving Healthcare Infrastructure in Russia
                    9.3.4.3 Rise in Geriatric Population in Italy
                    9.3.4.4 Slow Growth of the Medical Devices and Instruments Market in Spain
    9.4 Asia-Pacific
           9.4.1 Japan
                    9.4.1.1 Favorable Environment for the Growth of the Market
                    9.4.1.2 Japan’s Revitalization Strategy (2013) Providing an Impetus to Market Growth
           9.4.2 China
                    9.4.2.1 Penetration of Key Players Into the Chinese Market
                    9.4.2.2 Preference for Laparoscopic Procedures
           9.4.3 India
                    9.4.3.1 Increasing Infrastructural Support for Laparoscopic Procedures in India
                    9.4.3.2 Training Institutes in India for Continuing Medical Education
           9.4.4 RoAPAC
                    9.4.4.1 Asian Countries—Leading Medical Tourism Destinations
                    9.4.4.2 Growing Number of Hospitals in Singapore and South Korea
                    9.4.4.3 Application of Laparoscopic Procedures for Diagnosis and Treatment of Gastric Cancer
                    9.4.4.4 Stringent Regulations Limiting the Growth of the Market in Indonesia
                    9.4.4.5 German-Asian Partnerships Stimulating Market Growth in Asia
                    9.4.4.6 Favorable Healthcare System in Australia
    9.5 RoW
           9.5.1 Latin America
                    9.5.1.1 Favorable Ecosystem for Laparoscopic Instruments in Brazil
                    9.5.1.2 Government Funding to Improve Surgical Care in Latin America
           9.5.2 Middle East & Africa (ME&A)
                    9.5.2.1 Increasing Focus on Middle Eastern Countries
                    9.5.2.2 Emergence of New Hospitals in Africa
                    9.5.2.3 Africa: Education to Increase Physician Skills in Laparoscopy

10 Competitive Landscape (Page No. - 146)
     10.1 Overview
     10.2 Market Share Analysis
             10.2.1 Karl Storz GmbH Co. Kg
             10.2.2 Olympus Corporation
             10.2.3 Medtronic PLC
             10.2.4 Aesculap
             10.2.5 Stryker Corporation
     10.3 Competitive Situation and Trends
             10.3.1 New Product Launches
             10.3.2 Expansions
             10.3.3 Agreements, Alliances, Partnerships, Joint Ventures, and Collaborations
             10.3.4 Acquisitions
             10.3.5 Other Strategies

11 Company Profiles (Page No. - 156)
     11.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     11.2 Ethicon, Inc.
     11.3 Olympus Corporation
     11.4 Karl Storz GmbH & Co.Kg
     11.5 Stryker Corporation
     11.6 Richard Wolf GmbH
     11.7 Microline Surgical, Inc.
     11.8 Smith & Nephew PLC
     11.9 Medtronic PLC
     11.10 Cook Medical Inc.
     11.11 Conmed Corporation

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 182)
     12.1 Discussion Guide
     12.2 Company Developments (2013-2016)
             12.2.1 Medtronic PLC
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (124 Tables)

Table 1 Global Increase in Laparoscopic Procedures and Its Effect on the Laparoscopic Instruments Market
Table 2 Technological Advancements in Laparoscopic Instruments
Table 3 Rising Investments are Driving the Growth of the Global Laparoscopic Instruments Market
Table 4 Dearth of Trained Professionals in the Field of Laparoscopy to Restrain the Global Market Growth
Table 5 List of Free Trade Agreements
Table 6 Growing Healthcare Market in Emerging Economies Provides Opportunities for Players in the Laparoscopic Instruments Market
Table 7 Gaps in Infrastructural Support for Laparoscopic Procedures in Less Developed Countries are A Major Challenge for the Laparoscopic Instruments Market
Table 8 Laparoscopic Instruments Market Size, By Product, 2014–2021 (USD Million)
Table 9 Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 10 Laparoscopes Market Size, By Type, 2014–2021 (Units)
Table 11 Laparoscopes Market Size, By Region, 2014–2021 (USD Million)
Table 12 Laparoscopes Market Size, By Region, 2014–2021 (Units)
Table 13 Video Laparoscopes Market Size, By Region, 2014–2021 (USD Million)
Table 14 Video Laparoscopes Market Size, By Region, 2014–2021 (Units)
Table 15 Fiber Laparoscopes Market Size, By Region, 2014–2021 (USD Million)
Table 16 Fiber Laparoscopes Market Size, By Region, 2014–2021 (Units)
Table 17 Energy Devices Market Size, By Region, 2014–2021 (USD Million)
Table 18 Energy Devices Market Size, By Region, 2014–2021 (Units)
Table 19 Insufflators Market Size, By Region, 2014–2021 (USD Million)
Table 20 Insufflators Market Size, By Region, 2014–2021 (Units)
Table 21 Suction/Irrigation Instruments Market Size, By Region, 2014–2021 (USD Million)
Table 22 Suction/Irrigation Instruments Market Size, By Region, 2014–2021 (Units)
Table 23 Closure Devices Market Size, By Region, 2014–2021 (USD Million)
Table 24 Closure Devices Market Size, By Region, 2014–2021 (Units)
Table 25 Hand Instruments Market Size, By Region, 2014–2021 (USD Million)
Table 26 Hand Instruments Market Size, By Region, 2014–2021 (Units)
Table 27 Access Devices Market Size, By Region, 2014–2021 (USD Million)
Table 28 Access Devices Market Size, By Region, 2014–2021 (Units)
Table 29 Laparoscopic Accessories & Their Functionality
Table 30 Laparoscopic Accessories Market Size, By Region, 2014–2021 (USD Million)
Table 31 Laparoscopic Accessories Market Size, By Region, 2014–2021 (Units)
Table 32 Laparoscopic Instruments Market Size, By Application, 2014–2021 (USD Million)
Table 33 Laparoscopic Instruments Market Size for Gynecological Surgery, 2014–2021 (USD Million)
Table 34 Evolution of Laparoscopy for Common Procedures in General Surgery
Table 35 Laparoscopic Instruments Market Size for General Surgery, 2014–2021 (USD Million)
Table 36 Laparoscopic Instruments Market Size for Urological Surgery, 2014–2021 (USD Million)
Table 37 Market Size for Colorectal Surgery, 2014–2021 (USD Million)
Table 38 Number of Bariatric Procedures, By Region (2013)
Table 39 Laparoscopic Instruments Market Size for Bariatric Surgery, 2014–2021 (USD Million)
Table 40 Laparoscopic Instruments Market Size for Pediatric Surgery, 2014–2021 (USD Million)
Table 41 Global Market Size, By End User, 2014–2021 (USD Million)
Table 42 Global Laparoscopic Instruments Market Size for Hospitals, By Region, 2014–2021 (USD Million)
Table 43 Global Laparoscopic Instruments Market Size for Ambulatory Surgical Centers, By Region, 2014–2021 (USD Million)
Table 44 Laparoscopic Instruments Market Size, By Region, 2014–2021 (USD Million)
Table 45 North America: Laparoscopic Instruments Market Size, By Country, 2014–2021 (USD Million)
Table 46 North America: Market Size, By Product, 2014–2021 (USD Million)
Table 47 North America: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 48 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 49 North America: Laparoscopic Instruments Market Size, By End User, 2014–2021 (USD Million)
Table 50 U.S.: Market Size, By Product, 2014–2021 (USD Million)
Table 51 U.S.: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 52 U.S.: Market Size, By Application, 2014–2021 (USD Million)
Table 53 U.S.: Market Size, By End User, 2014–2021 (USD Million)
Table 54 Canada: Market Size, By Product, 2014–2021 (USD Million)
Table 55 Canada: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 56 Canada: Market Size, By Application, 2014–2021 (USD Million)
Table 57 Canada: Market Size, By End User, 2014–2021 (USD Million)
Table 58 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 59 Europe: Market Size, By Product, 2014–2021 (USD Million)
Table 60 Europe: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 61 Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 62 Europe: Laparoscopic Instruments Market Size, By End User, 2014–2021 (USD Million)
Table 63 Germany: Market Size, By Product, 2014–2021 (USD Million)
Table 64 Germany: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 65 Germany: Market Size, By Application, 2014–2021 (USD Million)
Table 66 Germany: Laparoscopic Instruments Market Size, By End User, 2014–2021 (USD Million)
Table 67 U.K.: Market Size, By Product, 2014–2021 (USD Million)
Table 68 Germany: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 69 U.K.: Market Size, By Application, 2014–2021 (USD Million)
Table 70 U.K.: Market Size, By End User, 2014–2021 (USD Million)
Table 71 France: Market Size, By Product, 2014–2021 (USD Million)
Table 72 France: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 73 France: Market Size, By Application, 2014–2021 (USD Million)
Table 74 France: Market Size, By End User, 2014–2021 (USD Million)
Table 75 Contribution of Laparoscopy Procedures in Colectomy, Appendectomy, and Cholecystectomy Procedures in Europe, 2013
Table 76 Laparoscopic Colectomy Surgeries in Europe (2008 vs 2013)
Table 77 Laparoscopic Hysterectomy Surgeries in Europe (2008 vs 2013)
Table 78 RoE: Market Size, By Product, 2014–2021 (USD Million)
Table 79 RoE: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 80 RoE: Market Size, By Application, 2014–2021 (USD Million)
Table 81 U.K.: Market Size, By End User, 2014–2021 (USD Million)
Table 82 Asia-Pacific: Market Size, By Country, 2014–2021 (USD Million)
Table 83 Asia-Pacific: Market Size, By Product, 2014–2021 (USD Million)
Table 84 Asia-Pacific: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 85 Asia-Pacific: Market Size, By Application, 2014–2021 (USD Million)
Table 86 Asia-Pacific: Market Size, By End User, 2014–2021 (USD Million)
Table 87 Japan: Market Size, By Product, 2014–2021 (USD Million)
Table 88 Japan: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 89 Japan: Market Size, By Application, 2014–2021 (USD Million)
Table 90 Japan: Market Size, By End User, 2014–2021 (USD Million)
Table 91 China: Market Size, By Product, 2014–2021 (USD Million)
Table 92 China: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 93 China: Market Size, By Application, 2014–2021 (USD Million)
Table 94 China: Market Size, By End User, 2014–2021 (USD Million)
Table 95 Indicative List of Government-Initiated New Hospital Projects in India (2012 to 2015)
Table 96 Indicative List of Private Sector-Initiated New Hospital Projects in India (2012 to 2015)
Table 97 India:Market Size, By Product, 2014–2021 (USD Million)
Table 98 India: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 99 India:Market Size, By Application, 2014–2021 (USD Million)
Table 100 India: Market Size, By End User, 2014–2021 (USD Million)
Table 101 Long-Term Care Hospital Beds in Oecd Countries, 2012
Table 102 RoAPAC: Market Size, By Product, 2014–2021 (USD Million)
Table 103 RoAPAC: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 104 RoAPAC: Market Size, By Application, 2014–2021 (USD Million)
Table 105 RoAPAC: Market Size, By End User, 2014–2021 (USD Million)
Table 106 RoW: Market Size, By Country, 2014–2021 (USD Million)
Table 107 RoW: Market Size, By Product, 2014–2021 (USD Million)
Table 108 RoW: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 109 RoW: Market Size, By Application, 2014–2021 (USD Million)
Table 110 RoW: Market Size, By End User, 2014–2021 (USD Million)
Table 111 Latin America: Market Size, By Product, 2014–2021 (USD Million)
Table 112 Latin America: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 113 Latin America: Market Size, By Application, 2014–2021 (USD Million)
Table 114 Latin America: Market Size, By End User, 2014–2021 (USD Million)
Table 115 New Hospital Projects in Africa (2015 & 2014)
Table 116 ME&A: Market Size, By Product, 2014–2021 (USD Million)
Table 117 ME&A: Laparoscopes Market Size, By Type, 2014–2021 (USD Million)
Table 118 ME&A : Market Size, By Application, 2014–2021 (USD Million)
Table 119 ME&A: Market Size, By End User, 2014–2021 (USD Million)
Table 120 New Product Launches, 2013–2016
Table 121 Expansions, 2013–2016
Table 122 Agreements, Alliances, Partnerships, Joint Ventures and Collaborations, 2013–2016
Table 123 Acquisitions, 2013–2016
Table 124 Other Strategies, 2013–2016


List of Figures (37 Figures)

Figure 1 Global Laparoscopic Instruments Market: Research Methodology Steps
Figure 2 Sampling Frame: Primary Research
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Research Design
Figure 7 Data Triangulation Methodology
Figure 8 Global Market Size, By Product, 2016 vs 2021 (USD Million)
Figure 9 Global Laparoscopic Instruments Market Size, By Application (2016 vs 2021)
Figure 10 Global Laparoscopic Instruments Market, By End User, 2016
Figure 11 Asia-Pacific Laparoscopic Instruments Market to Witness the Highest Growth Rate During the Forecast Period
Figure 12 Rise in Geriatric Population and Growing Patient & Physician Preferences for Laparoscopic Procedures—Primary Growth Drivers of the Laparoscopic Instruments Market
Figure 13 Asia-Pacific Market to Witness the Highest Growth Rate During the Forecast Period
Figure 14 Energy Devices Segment to Command the Largest Share in 2016
Figure 15 Gynecological Surgery Segment to Account for the Largest Share in 2016
Figure 16 Hospitals Segment is Expected to Dominate the Laparoscopic Instruments Market in 2016
Figure 17 Laparoscopic Instruments Market: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Laparoscopic Instruments Market Segmentation
Figure 19 Energy Devices Form the Fastest-Growing Product Segment in the Laparoscopic Instruments Market
Figure 20 Gynecological Surgery Instruments to Command Largest Share of the Laparoscopic Instruments Market in 2016
Figure 21 Hospitals to Dominate the Global Laparoscopic Instruments Market
Figure 22 Asia-Pacific to Grow at the Highest CAGR in the Laparoscopic Instruments Market in 2016
Figure 23 North America: Laparoscopic Instruments Market Snapshot, 2016
Figure 24 Europe: Laparoscopic Instruments Market Snapshot, 2016
Figure 25 Asia-Pacific: Laparoscopic Instruments Market Snapshot
Figure 26 RoW: Laparoscopic Instruments Market Snapshot, 2016
Figure 27 New Product Launches Was the Key Growth Strategy Adopted By Market Players Between 2013 and 2016
Figure 28 Value-Based Market Shares of Key Players, 2015
Figure 29 Battle for Market Share: New Product Launches Was the Key Strategy Adopted By Market Players (2013-2016)
Figure 30 Geographic Revenue Mix of Market Players
Figure 31 Johnson & Johnson Private Limited: Company Snapshot
Figure 32 Olympus Corporation: Company Snapshot
Figure 33 Stryker Corporation: Company Snapshot
Figure 34 Hoya Corporation: Company Snapshot
Figure 35 Smith & Nephew PLC: Company Snapshot
Figure 36 Medtronic PLC: Company Snapshot
Figure 37 Conmed Corporation: Company Snapshot

The laparoscopic instruments market is expected to reach USD 11.68 Billion by in 2021 from USD 7.61 Billion in 2016, growing at a CAGR of 8.9%. The market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the highest rate during the forecast period.

The demand for laparoscopic instruments has been on the rise due to the growing physician and patient preference for minimally invasive procedures, particularly laparoscopic procedures. The rise in the geriatric population, growing incidences of colorectal cancers and obesity and related disorders which can be treated with laparoscopic procedures, and technological advancements in laparoscopic instruments have further spurred the demand for laparoscopic instruments globally.

The laparoscopic instruments market is segmented on the basis of products, applications, end users, and regions. By product, the laparoscopic instruments market comprises of laparoscopes, access devices, suction/irrigation systems, insufflators, energy devices, hand instruments, closure devices, and accessories. In 2016, the energy devices segment is estimated to account for the largest share of the laparoscopic instruments market and is also expected to be the fastest-growing market during the forecast period owing to the technological advancements in this product segment.

By application, the laparoscopic instruments market comprises bariatric surgery, gynecological surgery, general surgery, urological surgery, colorectal surgery, and pediatric surgery. In 2016, the gynecological surgery instruments segment is estimated to account for the largest share of the laparoscopic instruments market and the bariatric surgery instruments segment is expected to be the fastest-growing market during the forecast period. Currently, laparoscopy is widely used in obstetrics and gynecology for diagnosis and treatment. However, the prevalence of obesity and related disorders and the preference for laparoscopic procedures in bariatric surgeries as it involves smaller incisions and lesser bleeding and post-operative complications are driving the adoption of laparoscopic instruments used in bariatric surgeries. For instance, in October 2015, Stryker Corporation launched the 45-cm version of bariatric laparoscopic instruments to capitalize on the growing popularity of laparoscopic bariatric surgeries.

On the basis of end users, the market is divided into hospitals and ambulatory surgical centers. In 2016, the hospitals segment is expected to account for the largest share of the market and the ambulatory surgical centers segment is expected to be the fastest-growing market during the forecast period. This is owing to government bodies, payers, and physicians promoting ambulatory laparoscopic procedures as it allows them to schedule procedures conveniently, avoid tedious hospitalizations, and save costs and hospital resources.

Growth of healthcare markets in emerging economies and increasing number of free-trade agreements are likely to provide growth opportunities to the global laparoscopic instruments market. However, reduced Medicare payments to healthcare providers in the U.S., growth of robotic surgery instruments as an alternative to laparoscopic instruments, and dearth of trained physicians is likely to restrain the growth of this market.

On the basis of region, the laparoscopic instruments market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Laparoscopic Instruments Market

To know about the assumptions considered for the study, download the pdf brochure

Source: Annual Reports, Press Releases, World Association of Laparoscopic Surgeons, Society of Laparoendoscopic Surgeons (SLS), American Association of Gynecological Laparoscopists (AAGL), American Society of Colon and Rectal Surgeons, American Society for Metabolic and Bariatric Surgery, The Association of Laparoscopic Surgeons of Great Britain and Ireland (ALSGBI), European Association for Endoscopic Surgery and other interventional techniques (EAES), European Society for Gynecological Endoscopy (ESGE), Asia-Pacific Association for Gynecologic Endoscopy and Minimally Invasive Therapy (APAGE), Centers for Disease Control and Prevention (CDC), Expert Interviews, and MarketsandMarkets Analysis

The major players in this market include Karl Storz GmbH & Co.KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (U.S.), Richard Wolf GMBH (Germany), Ethicon, Inc. (U.S.), Smith & Nephew PLC (U.K.), Cook Medical Incorporated (U.S.), and ConMed Corporation (U.S.) among others.

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