Laparoscopic Instruments Market report provides a profound overview of product specification, technology, product type, and production analysis considering major factors such as revenue, cost, and gross margin. Competitor analysis is one of the most important aspects of a market research report which helps businesses decide upon the strategies by comparing them with the competitors. This Laparoscopic Instruments Market report identifies and analyses the emerging trends along with major drivers, inhibitors, challenges and opportunities in the market. In this era of globalization, the whole world is the marketplace and hence businesses seek to adopt a global market research report.
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Laparoscopic Instruments Market is a professional and complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments, and geographical analysis. This market research report has been structured by thoroughly comprehending the specific requirements of the business. Further, for an unequivocal and better understanding of facts and figures, the data is symbolized in the form of graphs, tables, and charts. This Laparoscopic Instruments Market report gives a list of key competitors with the required specifications and also provides the strategic insights and analysis of the key factors influencing the Medical Devices industry.
Key players in the Laparoscopic Instruments Market
The key players in the Laparoscopic Instruments market include Intuitive Surgical (US), Stryker Corporation (US), Olympus Corporation (Japan), Karl Storz GmbH & CO. KG (Germany), Medtronic PLC (Ireland), Microline Surgical, Inc. (US), B. Braun Melsungen AG (Germany), SCHÖLLY Fiberoptic GmbH (Germany), Optomic (Spain), Victor Medical Instruments Co., Ltd (China), Peters Surgical (France), EndoMed Systems GmbH (Germany), Becton, Dickinson and Company (US), Mindray Medical International Limited (China), CONMED Corporation (US), Richard Wolf GmbH (Germany), Smith & Nephew PLC (UK), Cook Medical (US), Ethicon (US), Strauss Surgical (US), AMNOTEC International Medical (Germany).
The laparoscopic instruments market is expected to reach USD 22.1 billion by 2026 from an estimated USD 12.3 billion in 2021, at a CAGR of 12.5%.
The break of primary participants was as mentioned below:By Company Type – Tier 1–60%, Tier 2–30%, and Tier 3–10% By Designation – C-level–30%, Director-level–50%, Others–20% By Region – North America–45%, Europe–15%, Asia Pacific–25%, Latin America- 10%, Middle East and Africa–5%
Market growth can largely be attributed to factors such as the increasing adoption of minimally invasive surgeries over open surgeries, rising prevalence of colorectal cancer, increasing number of laparoscopic bariatric procedures, and technological advancements in the field of laparoscopy. Product recalls and gaps in infrastructural support for laparoscopic procedures pose a challenge in this market. However, reduced Medicare payments to healthcare providers in the US and the dearth of trained professionals in the field of laparoscopy are expected to restrain the growth of this market to a certain extent. Growing healthcare markets in emerging economies and enhancements in equipment capabilities in laparoscopic instruments are expected to offer significant growth opportunities for market players.
The report analyzes the laparoscopic instruments market and aims at estimating the market size and future growth potential of this market based on various segments such as application type, product type, end user, and region. The report also includes a product portfolio matrix of various laparoscopy products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:Market Penetration: Comprehensive information on product portfolios offered by the top players in the global laparoscopic instruments market. The report analyzes this market by product, application, and end user Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global laparoscopic instruments market Market Development: Comprehensive information on the lucrative emerging markets by product, application, and end user Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global laparoscopic instruments market Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global laparoscopic instruments market.
Based on product type, the medical laparoscopic robots segment holds the largest market share during the forecast period.
Based on product, the global laparoscopic instruments market is segmented into medical laparoscopic robots, energy devices, insufflators, suction/irrigation systems, laparoscopes, hand instruments, closure devices, access devices, and accessories. Medical laparoscopic robots held 41.8% of the global laparoscopic instruments market in 2020. The increasing adoption of robot-assisted laparoscopic procedures and technological advancements in surgical robots contribute to the large share and high growth of this segment.
Based on application type, the general surgery segment grows at a highest market share during the forecast period.
Based on application, the global laparoscopic instruments market is segmented into bariatric surgery, gynecological surgery, general surgery, urological surgery, colorectal surgery, and pediatric surgery. In 2020, the general surgery segment accounted for the largest share of the laparoscopic instruments market. Laparoscopic instruments form an integral part of a range of general surgery procedures, including gastrointestinal, hepatobiliary, pancreatic, and abdominal wall surgeries, such as single-site (LESS) appendectomy, single-site (LESS) cholecystectomy, laparoscopic cholecystectomy, laparoscopic hernia repair, laparoscopic colectomy, laparoscopic esophagogastric fundoplasty, laparoscopic hepatectomy, and laparoscopic liver resection. Laparo-endoscopic single-site surgery (LESS) is a term used for single-incision laparoscopic surgery. These procedures result in fewer complications and morbidities. Due to lifestyle and eating habbits of the people, there has been increase in the appendicitis, hernia, etc which has resulted in the increase in the general surgeries.
Based on end user, the ambulatory surgical centers segment is expected to register the highest CAGR during the forecast period.
Based on the end user, the global laparoscopic instruments market is segmented into hospitals and ambulatory surgical centers. The rapid growth of ambulatory surgical center segment can be attributed to the increasing preference for ambulatory care due to its cost-effectiveness. The push offered by government bodies and insurance companies to conduct these procedures at ambulatory surgical centers is further likely to support the rapid growth of laparoscopy instruments among these end users.
North America is expected to account for the largest share of the laparoscopic instruments market in 2020
Geographically, the laparoscopic instruments market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the laparoscopic instruments market in 2020. The large share of North America can be attributed to the favorable reimbursement scenario in the US, rising incidence of cancer, increasing investments by hospitals to purchase new laparoscopic instruments, rising number of laparoscopic procedures compared to traditional open surgeries performed in North America, and the technological advancements in laparoscopic instruments introduced by key market players in this region.
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Table Of Contents
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions Of The Study
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.3.4 Exchange Rates Utilized For The Conversion To Usd
1.6 Summary Of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
18.104.22.168 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 2 Primary Sources
22.214.171.124 Key Data From Primary Sources
126.96.36.199 Key Industry Insights
Figure 3 Breakdown Of Primary Interviews: Supply-Side And Demand- Side Participants
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2 Market Size Estimation
Figure 5 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 6 Revenue Share Analysis Illustration: Olympus Corporation
Figure 7 Revenue Analysis Of The Top 5 Companies: Laparoscopic Instruments Market (2020)
Figure 8 Demand-Side Analysis
Figure 9 Cagr Projections: Supply-Side Analysis
Figure 10 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Of The Laparoscopic Instruments Market (2021–2026)
Figure 11 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 12 Market Data Triangulation Methodology
2.4 Market Share Analysis
2.5 Assumptions For The Study
2.7 Risk Assessment
Table 1 Risk Assessment: Laparoscopic Instruments Market
2.8 Covid-19 Health Assessment
2.9 Covid-19 Economic Assessment
2.10 Assessment Of The Impact Of Covid-19 On The Economic Scenario
Figure 13 Criteria Impacting The Global Economy
Figure 14 Recovery Scenario Of The Global Economy
2.11 Assessment Of The Impact Of Covid-19 On The Economic Scenario In The Laparoscopic Instruments Market
3 Executive Summary
Figure 15 Laparoscopic Instruments Market, By Product, 2021 Vs. 2026
Figure 16 Laparoscopic Instruments Market, By Application, 2021 Vs. 2026
Figure 17 Laparoscopic Instruments Market, By End User, 2021 Vs. 2026
Figure 18 Geographic Snapshot: Laparoscopic Instruments Market
4 Premium Insights
4.1 Laparoscopic Instruments Market Overview
Figure 19 Increased Adoption Of Minimally Invasive Surgeries Over Open Surgeries To Drive Market Growth
4.2 Asia Pacific: Laparoscopic Instruments Market, By Application
Figure 20 General Surgery Segment To Account For The Largest Share Of The Apac Market
4.3 Laparoscopic Instruments Market: Geographic Mix
Figure 21 Us To Witness The Highest Growth In The Laparoscopic Instruments Market During The Forecast Period
5 Market Overview
6 Laparoscopic Instruments Market, By Product
7 Laparoscopic Instruments Market, By Application
8 Laparoscopic Instruments Market, By End User
9 Laparoscopic Instruments Market, By Region
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