The laparoscopic devices market is expected to grow significantly in the coming years due to increasing demand for minimally invasive surgeries, advancements in laparoscopic technologies, and rising incidence of chronic diseases. Laparoscopic devices are used in various surgeries such as gynecological, urological, and gastrointestinal surgeries, which is driving the demand for these devices. Moreover, increasing adoption of laparoscopic surgeries in emerging economies is also contributing to the growth of this market. However, the high cost of laparoscopic devices, lack of skilled professionals, and the availability of alternative surgical procedures may hinder the market growth. Additionally, the COVID-19 pandemic has affected the market by disrupting supply chains and delaying elective surgeries, which may impact the market in the short term.
The global Laparoscopic Devices Market is estimated to be valued at US$ 11,974.3 million in 2022 and is expected to exhibit a CAGR of 6.1% during the forecast period (2022-2030).
Market Leaders in the Laparoscopic Devices Industry:
1. Olympus Corporation
Olympus Corporation, a multinational company founded in Japan in 1919, is a leading manufacturer of innovative medical and surgical equipment. The company's headquarters are located in Tokyo, Japan, and it operates in over 30 countries worldwide, including the United States, Europe, and Asia. In December, 2022 Olympus Corporation announced it has signed a definitive agreement to acquire London-based Odin Vision, a cloud-AI endoscopy company with a strong portfolio of commercially available computer-aided detection/diagnostic (CAD) solutions and a deep innovation pipeline of cloud-enabled applications, for up to GBP 66 million (approx. 11 billion JPY / 79 million USD) in upfront and milestone-based payments.
2. B. Braun Melsungen AG
B. Braun Melsungen AG, a German-based medical and pharmaceutical company, was founded in 1839. The company's headquarters are located in Melsungen, Germany, and it operates in more than 60 countries, including North and South America, Europe, Asia, and Africa.
3. Intuitive Surgical Inc.
Intuitive Surgical Inc. is a US-based company founded in 1995 that designs and manufactures robotic surgical systems. The company's headquarters are located in Sunnyvale, California, and it operates in more than 60 countries worldwide. In June, 2022 Intuitive a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced the U.S. Food and Drug Administration has cleared the integration of a mobile cone-beam CT (CBCT) imaging technology and the Ion Endoluminal System used for robotic-assisted bronchoscopy.
4. Medtronic plc.
Medtronic plc. founded in 1949 in the United States, is a global leader in medical technology, offering a wide range of medical devices and therapies. The company's headquarters are located in Dublin, Ireland, and it operates in more than 150 countries worldwide.
5. Stryker Corporation
Stryker Corporation, founded in the United States in 1941, is a leading manufacturer of medical devices and equipment for orthopedic, surgical, and neurotechnology applications. In May 2021, Stryker Corporation announced the launch of its Laparoscopic Suction Irrigation System, which is designed to provide better visualization and control during laparoscopic surgeries.
6. Smith & Nephew Plc.
Smith & Nephew Plc. is a multinational medical technology company that was founded in 1856 in the UK. The company specializes in developing and manufacturing medical devices, orthopedic implants, and advanced wound care products. Smith & Nephew has its headquarters in London, UK and operates in more than 100 countries worldwide.
7. CareFusion Corporation
CareFusion Corporation is a global medical technology company that was founded in 2009 in San Diego, California, USA. The company specializes in the development and manufacturing of medical devices and equipment for hospitals and healthcare facilities. CareFusion has its headquarters in San Diego and operates in more than 120 countries around the world.
8. Johnson & Johnson's
Johnson & Johnson's Ethicon is a subsidiary of Johnson & Johnson, a multinational healthcare company that was founded in 1886 in New Brunswick, New Jersey, USA. Ethicon specializes in developing and manufacturing surgical sutures, wound closure devices, and other surgical products. Ethicon has its headquarters in Somerville, New Jersey, and operates in more than 60 countries worldwide. In April 2021, Johnson & Johnson (Ethicon) announced the acquisition of its German-based medical device company, BlackSwan Visceral, which specializes in advanced visualization and surgical tools for laparoscopic procedures.
9. KARL STORZ GmbH & Co. KG
KARL STORZ GmbH & Co. KG is a global medical technology company that was founded in 1945 in Tuttlingen, Germany. The company specializes in developing and manufacturing endoscopy equipment and surgical instruments for minimally invasive procedures. KARL STORZ has its headquarters in Tuttlingen and operates in more than 40 countries worldwide.
10. Richard Wolf GmbH
Richard Wolf GmbH is a global medical technology company that was founded in 1948 in Knittlingen, Germany. The company specializes in developing and manufacturing endoscopic equipment and surgical instruments for minimally invasive procedures. Richard Wolf has its headquarters in Knittlingen and operates in more than 100 countries around the world.
11. Endocontrol SA
Endocontrol SA is a Swiss medical technology company that was founded in 2006 in Lausanne, Switzerland. The company specializes in developing and manufacturing robotic systems for minimally invasive surgery. Endocontrol has its headquarters in Lausanne and operates in several countries around the world.
12. Gordian Surgical Ltd.
Gordian Surgical Ltd. is a UK-based medical technology company that was founded in 2017 in London, UK. The company specializes in developing and manufacturing surgical instruments and devices for use in minimally invasive surgery. Gordian Surgical has its headquarters in London and operates in several countries around the world.
13. Surgical
Surgical is a US-based medical technology company that was founded in 2019 in Boston, Massachusetts, USA. The company specializes in developing and manufacturing surgical devices and instruments for use in minimally invasive procedures. 270Surgical has its headquarters in Boston and operates in several countries around the world.
14. Tekno-Medical Optik Surgery GmbH
Tekno-Medical Optik Surgery GmbH is a German medical technology company that was founded in 1976 in Villingen-Schwenningen, Germany. The company specializes in developing and manufacturing surgical microscopes, visualization systems, and other medical devices for use in surgery. Tekno-Medical has its headquarters in Villingen-Schwenningen and operates in more than 80 countries worldwide.
*Definition- Laparoscopic devices are surgical instruments and equipment used in minimally invasive surgeries, which involve making small incisions in the patient's body and using a camera and specialized tools to perform the procedure.
