Market Overview

Global Laparoscopic Devices Market size was valued at around 7.67 billion in 2023 and is expected to reach a value of USD 13.98 billion by 2032, at a CAGR of 6.9% over the forecast period (2024–2032).

The global laparoscopic devices market has grown over the recent past with improvements in healthcare technology, increasing use of minimally invasive surgery, and a surge in the prevalence of chronic diseases. Minimally invasive surgery or laparoscopic surgery is carried out through incisions and through specialized tools, such as a laparoscope, to allow surgeons to make interventions with reduced injury to the body. This results in reduced recovery times, reduced pain, and faster return to normal activities in patients, and hence is a preferable option in a variety of surgical specialties, including gynaecology, urology, general surgery, and bariatrics.

The major growth drivers of the laparoscopic devices market are the need for minimally invasive surgery due to their higher advantages over the traditional open surgical approach. Minimally invasive procedures are expected to cause fewer complications, less blood loss, and less scarring, hence beneficial to the patient as well as the healthcare costs. With improved outcomes at minimal risk, laparoscopic procedures have gained popularity among patients and healthcare professionals.

Also, the rise in the population of elderly people globally and the prevalence of lifestyle diseases like obesity, cardiovascular disease, and gastrointestinal disease have also added to the rise in the demand for laparoscopic surgery. These conditions always need to be treated surgically, and laparoscopic surgeries are proved to be the best and the least invasive way of treating such diseases. Furthermore, greater awareness of the benefits of laparoscopic surgery and continuous development in laparoscopic equipment and instruments have fuelled further market growth.

Technological advancements in laparoscopic technology, including improved visualization technology, robotic laparoscopic technology, and high-technology devices, have brought greater precision and accuracy to surgery. Advances in 3D imaging, high-definition endoscopes, and energy devices have made procedures more effective and safer, and robot-assisted platforms are enabling even more precise movements with even greater control. These technologies have expanded the range of procedures feasible laparoscopically, thereby expanding the potential for the market.

The market is further boosted by the growing number of surgical training facilities and other medical centres adopting new laparoscopic technologies. Training facilities have raised the capacity of surgeons to execute these complex procedures, also driving the demand for laparoscopic devices in a clinical setup.

Market Drivers

Increasing Adoption of Minimally Invasive Surgeries Over Open Surgeries

• Less invasive, laparoscopic procedures shorten hospitalization and costs related to pre- and post-operative care. Patients undergoing these procedures have less blood loss, fewer complications following surgery, and a shorter recovery time. Moreover, in certain countries, health insurance providers are starting to reimburse minimally invasive procedures. Patients increasingly opt for minimally invasive procedures more due to these factors. Worldwide, approximately 15 million laparoscopic procedures are performed annually, and this trend is expected to increase sharply within the next few years. Among surgical procedures in the market, laparoscopic colectomy, laparoscopic appendectomy, laparoscopic cholecystectomy, laparoscopic inguinal herniotomy, laparoscopic hysterectomy, and laparoscopic bariatric surgeries contribute a notable share (approximately 40–45%).

Market Opportunities

Growing Healthcare Markets in Emerging Economies

• The medical industry is expanding extremely in emerging markets. The economies of the BRICS countries Brazil, Russia, India, China, and South Africa are some of the world's most rapidly developing economies. This is also backed by the higher number of public as well as private activities that the market players in the countries have made, the lack of trade barriers, the ongoing growth in the healthcare infrastructure, the growing patient base, the growing healthcare cost, the growing distribution channels of market leaders, and the rise in medical tourism in the countries. The majority of the medical tourists have been lured by these countries since they provide first-rate surgery at rates lower than the cost of an industrial economy. Several manufacturers of laparoscopic devices have been establishing factories in Latin America, the Middle East, and the Asia Pacific nations. Players like Stryker and Karl Stortz have already established manufacturing facilities along with research and development in these countries. Additionally, laparoscopic device companies will be forced to target growth markets in the future as established markets in mature economies like Europe and North America become saturated.

Market Restraining Factors

Reduced Medicare Payments to Healthcare Providers in the US

• The US government in August 2012 revealed that it will cut Medicare spending by USD 716 billion within the next ten years, until 2022. Medicare has announced a 2% reduction in interim payments for Critical Access Hospitals (CAH) and Cancer Hospitals under its healthcare reform (from April 2013). Also, in the Patient Protection and Affordable Care Act of 2010, the government introduced a 2.3% excise tax on domestic sales of taxable medical devices in 2013. This is reported to adversely impact the cash flow of US-based manufacturers of medical devices. Reimbursement of medical procedures is expected to be impacted by this decrease in Medicare spending. Reimbursements for medical care in laparoscopic surgery have increased slightly but are still short and disproportionate to the rising cost of healthcare considering the net advantages provided by MIS. In addition, laparoscopic procedures are compensated less than open surgical procedures by federal and commercial payers. This will influence the sales of their highly advanced leprosy and make it harder for medical device companies to get capital to fund new product development.

Segmentation Analysis

The market scope is segmented because of by Product, by Application, by End Use.

• By Product

Based on the Product of the market is segmented into Energy Systems, Trocars, Closure Devices, Laparoscopes, Robot Assisted Systems, Suction/ Irrigation Device, Hand Access Instruments, Insufflation Device.

The energy systems class of 2024 held the largest market share by type at around 19.9% of the total market. The industry is likely to grow due to increased cases of urological disease and obesity. These devices are usually applied in bariatric surgeries such as biliopancreatic diversion with duodenal switch, adjustable gastric band, sleeve gastrectomy, and gastric bypass. 833,687 bariatric procedures were performed in 61 countries worldwide in 2019, as indicated by the IFSO Global Registry Report 2019. Hence, these factors would tend to drive market growth during the forecast period.

Throughout the forecast period, the biggest market segment of insufflation devices will be growing at the highest compound annual growth rate (CAGR). The increasing demand for minimally invasive surgery, in which insufflation devices are needed in order to create a work space within the abdomen, is propelling that growth. Advances such as low-pressure insufflation systems enhance patient comfort and safety and push demand upwards. Following larger trends in the minimally invasive surgery arena, the insufflation market will experience strong growth as medical personnel increasingly understand the worth these tools provide in enhancing surgical outcomes.

• By Application

Based on the Application of the market is segmented into Bariatric Surgery, Urological Surgery, Gynaecological Surgery, General Surgery, Colorectal Surgery, Others.

Bariatric surgery is among the leading market segments by application with an estimated market share of 27.2% in 2024. Increasing obesity levels globally have boosted the demand for bariatric surgeries and resulted in the growing demand for special tools and supplies. The World Obesity Federation reports that the NCD Risk Factor Collaboration (NCD-RisC) reported in 2024 that more than one billion individuals globally roughly 880 million adults and 159 million children and adolescents between the ages of 5 and 19 have obesity. Nearly 3 billion people globally have overweight or obesity, per their data, which renders these conditions a larger health issue than underweight. Laparoscopic devices and energy-based appliances used for bariatric procedures are in huge demand because of this trend.

During the forecast horizon, the market for the sector of general surgery in the market for laparoscopic devices is expected to evolve at the highest compound annual growth rate (CAGR). Among the markets for laparoscopic equipment, an important segment addresses general surgery consisting of a comprehensive list of processes like appendicectomies, hernias, and abdomen surgeries. A variety of specialised equipment and consumables, ranging from forceps, scalpels, cannulas, retractors, and dilators, is required in this field to respond to various surgery needs. Technologically advanced tools such as energy systems, closure devices, and hand access tools are some examples of technologies that have significantly raised the level of accuracy and surgical outcomes.

• Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. The global market for laparoscopic instruments has been classically controlled by North America within the aforementioned regions for several crucial reasons. Large healthcare expenditure, a large base of adoption of minimally invasive techniques, and a well-developed healthcare infrastructure all work in Favor of the region. Development of technology for laparoscopic instruments has been supported by having large medical instrument suppliers and gigantic R&D spends. Laparoscopic surgeries are also in high demand in North America, especially the United States, due to the prevalence of chronic diseases in the region that are highly likely to require surgery. North America remains at the forefront of the industry due to the availability of highly trained surgeons in the region who specialize in minimally invasive surgeries.

Conversely, the Asia-Pacific region is expected to develop at the most rapid rate in the laparoscopic device market. Growing healthcare awareness, speedy expansion of healthcare infrastructure, and higher use of minimally invasive surgery are all responsible. Combined with rising healthcare costs, nations like China and India are witnessing tremendous developments in medical technology. In addition, a large population base and the increasing prevalence of lifestyle problems are propelling the region's increasing demand for laparoscopic procedures. The expansion of this region is also being propelled by the increasing availability of advanced laparoscopic technologies in developing nations and the decreased cost of healthcare services.

List of Companies Profiled

• Karl Storz SE & CO. Kg
• Medtronic
• Johnson and Johnson
• Olympus Corporation
• CONMED Corporation
• Braun Melsungen AG
• The Cooper Companies Inc.
• Richard Wolf GmbH
• Microline Surgical
• BD
• Welfare Medical Ltd
• DEAM
• Intuitive Surgical
• Shenzen Mindray Bio Medical Electronics Co., Ltd

Key Industry Developments

In April 2024, Medtronic's groundbreaking Touch Surgery Live Stream, with 14 AI algorithms, demonstrated AI capabilities. Laparoscopic and robotically assisted procedures are both enhanced by these enhanced post-operative analysis and AI-informed surgical insights.

In August 2024, Olympus Corporation diversified its product line of advanced bipolar surgical energy systems with the release of new 5mm POWERSEAL Sealer/Divider devices. These POWERSEAL devices lower the force necessary to close jaws and offer surgeons consistent sealing, dissection, and grabbing capability in open or laparoscopic procedures.

In June 2024, In accordance with Intuitive Surgical, an update on labelling for the da Vinci X and Xi systems that is specifically linked to radical prostatectomy procedures has received FDA approval in the United States.

Report Coverage

The report will cover the qualitative and quantitative data on the Global Laparoscopic Devices Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Global Laparoscopic Devices Market Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Laparoscopic Devices market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Laparoscopic Devices. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Laparoscopic Devices companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Laparoscopic Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Laparoscopic Devices Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Laparoscopic Devices Market valued?
• Which region has the largest share in 2024 for the global Laparoscopic Devices Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Laparoscopic Devices Market

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Laparoscopic Devices Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: