The global laparoscopy devices market is anticipated to grow at a CAGR of around 5.8% during the forecast period 2020 to 2027 and to reach around US$ 18.8 Bn by 2027.
Market Dynamics
Gradual increase in number of patients suffering from pancreatic cancer across the globe, rising demand for advanced surgical devices from hospitals, and high R&D activities by major players are major factors expected to drive the growth of global market. According to American Cancer Society, Inc. about 57,600 people (30,400 men and 27,200 women) will be diagnosed with pancreatic cancer. About 47,050 people (24,640 men and 22,410 women) will die of pancreatic cancer. In addition, players approach towards integration of AI in surgical devices for more precision this is another factors expected to support the growth of target market.
High government spending on development of healthcare sector and focus on development of hospital infrastructure in order to facilitate the adoption of advanced devices this is expected to impact the growth of target market. In addition, favourable business policies by the government and emergence of small and mid-size enterprises with innovative solutions are factors expected to support the growth of target market.
Business expansion activities by major players in order to enhance the business presence and increase the customer base this is expected to augment the growth of target market. In addition, increasing product development activities and introduction of innovative solutions are factors expected to boost the market growth.
In 2019, Medtronic is a global leader in medical technology, services, and solutions launched its new robot-assisted surgery platform that is more flexible and cost-effective than systems presently on the market. This is expected to help the company to enhance the customer base and increase the revenue share.
In 2019, Apollo Hospitals launch of the first dedicated Robot-Assisted Cardiac Surgery Unit in India. The Robot-Assisted Cardiac Surgery Unit will be equipped with the advanced fourth-generation versatile ‘da Vinci Xi’ robotic surgical system. This is expected to help the organization to strengthen its market position in India market.
However, factors such as high cost of devices and lack of skilled labors are expected to hamper the growth of global laparoscopy devices market. In addition, lack of availability of advanced infrastructure in developing countries in order to support the advanced medical devices is expected to challenge the growth of target market.
Technological advancements by major players, introduction of innovative solutions at low cost and government approach towards introducing skilled labor force are factors expected to create new opportunities for players operating in target market. In addition, increasing partnership and agreements between regional and international players is expected to revenue support the growth of target market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share due to availability of advanced surgical infrastructure. In addition, increasing number of patients suffering from chronic disease and availability of favorable reimbursement policies are factors expected to support the growth of target market.
Increasing public-private partnership for development of advanced products is expected to support the growth of target market in the region.
Competitive Landscape
The global market is high highly competitive due to the presence of a large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Laparoscopy Devices Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Product Type, Application, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Laparoscopy Devices Market Segment Analysis, 2019
The global market is segmented into product type, application, and end-use. The product segment is further bifurcated into laparoscopes, energy devices, insufflators, robot-assisted surgery systems, suction or irrigation systems, closure devices, hand instruments, and others. The energy devices segment is expected to account for significant revenue share in the target market.
The end-user segment is divided into Hospitals, Clinics, and Others. The hospital's segment is expected to account for major revenue share due to high government spending on the development of infrastructure.
The players profiled in the report are Boston Scientific Corporation, ConMed Corporation, Johnson & Johnson, Karl Storz SE & CO. KG, Medtronic plc (Covidien), Olympus Corporation, Richard Wolf GmbH, B. Braun Melsungen AG, Smith & Nephew plc., and Stryker Corporation.
Market Segmentation
Market By Product
Laparoscopes
Energy Devices
Insufflators
Robot-Assisted Surgery Systems
Suction or Irrigation Systems
Closure Devices
Hand Instruments
Others
Market By Application
Bariatric Surgery
Colorectal Surgery
General Surgery
Gynecological Surgery
Urological Surgery
Others
Market By End Use
Hospitals
Clinics
Others
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Chapter 1. Industry Overview of Laparoscopy Devices
1.1 Definition and Scope
1.1.1 Definition of Laparoscopy Devices
1.1.2 Market Segmentation
1.1.3 Years Considered for the Study
1.1.4 Assumptions and Acronyms Used
1.1.4.1 Market Assumptions and Market Forecast
1.1.4.2 Acronyms Used In Global Laparoscopy Devices Market
1.2 Summary
1.2.1 Executive Summery
1.2.2 Laparoscopy Devices Market By Product Type
1.2.3 Global Laparoscopy Devices Market By Application
1.2.4 Global Laparoscopy Devices Market By End Use
1.2.5 Global Laparoscopy Devices Market by Regions
Chapter 2. Research Approach
2.1 Methodology
2.1.1 Research Programs
2.1.2 Market Size Estimation
2.1.3 Market Breakdown and Data Triangulation
2.2 Data Source
2.2.1 Secondary Sources
2.2.2 Primary Sources
Chapter 3. Market Dynamics and Competition Analysis
3.1 Market Drivers
3.1.1 Driver 1
3.1.2 Driver 2
3.2 Restraints and Challenges
3.2.1 Restraint 1
3.2.2 Restraint 2
3.3 Growth Opportunities
3.3.1 Opportunity 1
3.3.2 Opportunity 2
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitute
3.4.4 Threat of New Entrants
3.4.5 Degree of Competition
3.5 Market Concentration Ratio And Market Maturity Analysis of Laparoscopy Devices Market
3.5.1 Go To Market Strategy
3.5.1.1 Introduction
3.5.1.2 Growth
3.5.1.3 Maturity
3.5.1.4 Saturation
3.5.1.5 Possible Development
3.6 Technological Roadmap for Laparoscopy Devices Market
3.7 Value Chain Analysis
3.7.1 List of Key Manufacturers
3.8 Cost Structure Analysis
3.8.1 Proportion of Manufacturing Cost Structure
3.8.1.1 Raw Material
3.8.1.2 Labor Cost
3.8.1.3 Manufacturing Expense
3.9 Regulatory Compliance
3.10 Competitive Landscape, 2019
3.10.1 Player Positioning Analysis
3.10.2 Key Strategies Adopted By Leading Players
Chapter 4. Laparoscopy Devices Market By Product Type
4.1 Introduction
4.2 Global Laparoscopy Devices Revenue (US$ Mn) by Product Type
4.2.1 Global Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 – 2027
4.2.2 Laparoscopes
4.2.2.1 Laparoscopes Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.3 Energy Devices
4.2.3.1 Energy Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.4 Insufflators
4.2.4.1 Insufflators Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.5 Robot-Assisted Surgery Systems
4.2.5.1 Robot-Assisted Surgery Systems Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.6 Suction or Irrigation Systems
4.2.6.1 Suction or Irrigation Systems Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.7 Closure Devices
4.2.7.1 Closure Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.8 Hand Instruments
4.2.8.1 Hand Instruments Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.9 Others
4.2.9.1 Others Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.3 Market Attractive Analysis By Product Type 2019
Chapter 5. Laparoscopy Devices Market By Application
5.1 Introduction
5.2 Global Laparoscopy Devices Revenue (US$ Mn) by Application
5.2.1 Global Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 – 2027
5.2.2 Bariatric Surgery
5.2.2.1 Bariatric Surgery Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.3 Colorectal Surgery
5.2.3.1 Colorectal Surgery Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.4 General Surgery
5.2.4.1 General Surgery Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.5 Gynecological Surgery
5.2.5.1 Gynecological Surgery Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.6 Urological Surgery
5.2.6.1 Urological Surgery Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.7 Others
5.2.7.1 Others Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.3 Market Attractive Analysis By Application 2019
Chapter 6. Laparoscopy Devices Market By End Use
6.1 Introduction
6.2 Global Laparoscopy Devices Revenue (US$ Mn) by End Use
6.2.1 Global Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 – 2027
6.2.2 Hospitals
6.2.2.1 Hospitals Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.2.3 Clinics
6.2.3.1 Clinics Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.2.4 Others
6.2.4.1 Others Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.3 Market Attractive Analysis By End Use 2019
Chapter 7. North America Laparoscopy Devices Market By Country
7.1 North America Laparoscopy Devices Market Overview
7.2 U.S.
7.2.1 U.S. Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
7.2.2 U.S. Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
7.2.3 U.S. Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
7.3 Canada
7.3.1 Canada Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
7.3.2 Canada Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
7.3.3 Canada Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
7.4 North America PEST Analysis
Chapter 8. Europe Laparoscopy Devices Market By Country
8.1 Europe Laparoscopy Devices Market Key Overview
8.2 UK
8.2.1 UK Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
8.2.2 UK Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
8.2.3 UK Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.3 Germany
8.3.1 Germany Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
8.3.2 Germany Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
8.3.3 Germany Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.4 France
8.4.1 France Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
8.4.2 France Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
8.4.3 France Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.5 Spain
8.5.1 Spain Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
8.5.2 Spain Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
8.5.3 Spain Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.6 Rest of Europe
8.6.1 Rest of Europe Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
8.6.2 Rest of Europe Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
8.6.3 Rest of Europe Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.7 Europe PEST Analysis
Chapter 9. Asia-Pacific Laparoscopy Devices Market By Country
9.1 Asia Pacific Laparoscopy Devices Market Overview
9.2 China
9.2.1 China Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.2.2 China Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.2.3 China Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.3 Japan
9.3.1 Japan Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.3.2 Japan Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.3.3 Japan Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.4 India
9.4.1 India Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.4.2 India Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.4.3 India Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.5 Australia
9.5.1 Australia Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.5.2 Australia Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.5.3 Australia Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.6 South Korea
9.6.1 South Korea Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.6.2 South Korea Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.6.3 South Korea Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.7 Rest of Asia-Pacific
9.7.1 Rest of Asia Pacific Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
9.7.2 Rest of Asia Pacific Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.7.3 Rest of Asia Pacific Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.8 Asia Pacific PEST Analysis
Chapter 10. Latin America Laparoscopy Devices Market By Country
10.1 Latin America Laparoscopy Devices Market Overview
10.2 Brazil
10.2.1 Brazil Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.2.2 Brazil Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.3 Brazil Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.3 Mexico
10.3.1 Mexico Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.3.2 Mexico Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.3 Mexico Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.4 Rest of Latin America
10.4.1 Rest of Latin America Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.4.2 Rest of Latin America Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.3 Rest of Latin America Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.5 Latin America PEST Analysis
Chapter 11. Middle East & Africa Laparoscopy Devices Market By Country
11.1 Middle East & Africa Laparoscopy Devices Market Overview
11.2 Saudi Arabia
11.2.1 Saudi Arabia Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.2.2 Saudi Arabia Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.3 Saudi Arabia Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.3 UAE
11.3.1 UAE Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.3.2 UAE Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.3 UAE Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.4 Rest of Middle East & Africa
11.4.1 Rest of Middle East & Africa Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.4.2 Rest of Middle East & Africa Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4.3 Rest of Middle East & Africa Laparoscopy Devices Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.5 Middle East & Africa PEST Analysis
Chapter 12. Player Analysis of Laparoscopy Devices
12.1 Global Laparoscopy Devices Market Company Share Analysis
12.2 Competition Matrix
12.2.1 Mergers And Acquisition In Global Laparoscopy Devices Market
Chapter 13. Company Profile
13.1 B. Braun Melsungen AG
13.1.1 Company Snapshot
13.1.2 Business Overview
13.1.3 Financial Overview
13.1.3.1 Revenue (US$ Mn), 2019
13.1.3.2 B. Braun Melsungen AG 2019 Laparoscopy Devices Business Regional Distribution
13.1.4 Product/Service and Specifications
13.1.5 Manufacturing Plant Footprint Analysis
13.2 Boston Scientific Corporation
13.3 ConMed Corporation
13.4 Johnson & Johnson
13.5 Karl Storz SE & CO. KG
13.6 Medtronic plc
13.7 Richard Wolf GmbH
13.8 Smith & Nephew plc.
13.9 Stryker Corporation
13.10 Others
