Laparoscopic Devices Market, by Product Type (Direct Energy System Devices, Trocars/Access Devices, Internal Closure Devices, Laparoscopes, Hand Access Instruments, Insufflation Devices, Robotic Assisted Surgical System), by Therapeutic Application (Bariatric Surgery, Colorectal Surgery, General Surgery, Gynecological Surgery, Urological Surgery, Others (Hematology, etc.)), by End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Oct 2022

Code : CMI580

Pages :190

Formats :

Excel and PDF

Industry : Medical Devices

Laparoscopic Devices MarketSize and Trends

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).

Figure 1. Global Laparoscopic Devices Market Share (%), by Product Type, 2022

Global Laparoscopic Devices Market – Drivers

Increasing product launches by key market players for laparoscopic devices is expected to drive the global laparoscopic devices market growth over the forecast period.

The adoption of inorganic strategies such as product launches is expected to drive the global laparoscopic market during the forecast period.

The key market players are focused on adopting inorganic strategies such as product launches in order to increase their product portfolio and strengthen their position in the market. For instance, in June 2021, Ethicon, Inc., a subsidiary of Johnson & Johnson, announced that it had launched a new advanced bipolar energy device Enseal X1 Curved jaw tissue sealer that provides strong sealing and has more efficiency. ENSEAL X1 Curved jaw tissue sealer is the new advanced laparoscopic bipolar device which is suggested for gynecological, colorectal, thoracic procedures, and bariatric surgery.

Figure 2. Global Laparoscopic Devices Market Value (US$ Million), by Region, 2022

Global Laparoscopic Devices Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting the production and demand for drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with regard to the transportation of drugs from one place to another.

The COVID-19 pandemic also had a negative impact on the global laparoscopic devices market, due to delayed and cancelled surgeries along with safety and ethical issues.

For instance, in September 2020, according to the data published by the National Center for Biotechnology Information, COVID-19 disrupted laparoscopic surgeries in suspects and infected patients. The laparoscopic smoke composition is harmful and the exposure of this smoke in the operating rooms lead to infection. Laparoscopic procedures have a theoretical risk of generating aerosols particularly during maintenance and evacuation of a pneumoperitoneum, CO2 leakage or changing instruments and while using energy devices due to smoke generation.