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Laparoscopes Market Valued 17,365.32 million by 2026 | A report by Ethicon, Olympus Corporation ,Karl Storz, Stryker ,Richard Wolf and others

Laparoscopy is a surgical diagnostic procedure that is used to evaluate the organs inside the abdomen. It’s a minimally invasive procedure with low-risk, that requires small incisions. Laparoscopes are the devices used to look at the abdominal organs. A laparoscope is a, thin long tube with a high-resolution camera and a high-intensity light at the front. The instrument is inserted through an incision in the abdominal wall. As it moves along, the camera sends images to a video monitor.

Market Analysis:

Global Laparoscopes Market is set to rise from its initial estimated value of USD 8,975.20 million in 2018 to an estimated value of USD 17,365.32 million in 2026, registering a CAGR of 8.60% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in number of laparoscopic procedures performed globally owing to rising preference for minimally invasive surgeries.

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Key Competitors:

  • Ethicon USA
  • Olympus Corporation
  • Karl Storz GmbH
  • Stryker
  • Richard Wolf GmbH
  • Microline Surgical
  • Smith & Nephew
  • Medtronic
  • Cook
  • Conmed Corporation

Key Developments in the Market:

  • In March 2018, OmniGuide Inc., released the FMsealer Laparoscopic Shears. It is designed to provide fast and reliable vessel sealing in a variety of laparoscopic procedures
  • In August 2017, Ethicon launched Proxisure Suturing Device, an advanced laparoscopic suturing device featuring Ethicon end mechanical, suture and curved needle technologies which is designed to improve precision in minimally-invasive surgery.

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Market Drivers & Restraints:

  • Growing prevalence of colorectal cancer is expected to drive the market growth
  • Rising number of laparoscopic bariatric procedures is also expected to drive the market growth
  • Lack of trained professionals in the field of laparoscopy procedures is expected to restrain the market growth
  • Increasing preference for robotic surgeries as an alternative to laparoscopic is also expected to restrain the market growth

Segmentation:

By Product

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

Application

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

End-User

  • Hospitals
  • Ambulatory Surgical Centers

Competitive Analysis:

Global laparoscopes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Laparoscopes Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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