Laparoscopic Devices Market Size Is Predicted To Reach $9.92 Billion By 2026

According to a recent report published by Grand View Research Inc., increasing number of bariatric surgeries and the adoption of minimally invasive procedures are likely to accelerate market expansion. 

According to a report, “Laparoscopic Devices Market Size, Share & Trends Analysis Report By Product (Robot-assisted, Energy Systems), By Application (Bariatric Surgery, Colorectal Surgery), By Region, And Segment Forecasts, 2019 – 2026”, published by Grand View Research, Inc. The global laparoscopic devices market size is expected to reach USD 9.92 billion by 2026, registering a CAGR of 6.6%, as per a new report by Grand View Research, Inc. 

According to the American Society for Metabolic and Bariatric Surgery (ASMBS), bariatric surgery is done with patients suffering from obesity and they are not able to lose weight. Therefore, growing obesity cases is contributing to the laparoscopic devices market growth. Increasing preference by surgeons for laparoscopic surgery owing to its benefits, including small incisions, less healing time, non-invasiveness, and short hospital stay, is also driving the market.

Technological advancements are expected to propel market growth during the forecast period. For instance, Medtronic’s LigaSure device is designed to deliver a specific combination of energy and pressure to create consistent seal within its applications. It provides unique combination of energy and pressure to create vessel fusion. Stryker laparoscopes had a combination of high-quality sapphires and rod lens technology used for superior transformation and excellent recognition to maximize image quality during surgical procedures 

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Laparoscopic Devices Market Highlights

1. Startup Ocutrx Technologies (Irvine, Calif.) in February 2021 announced its plan to expand from extended reality (XR) and external visualization augmented reality (AR) techniques to a laparoscopic visualization key-hole instrument known as Scopetrx  that will allow surgeons to have an unobstructed and rotating view of the interior of the body.
2. The current-generation surgical robots are assisting surgeons to operate rather than to replace them. By integrating advantages of the robot and the operator, surgeons can achieve the desired outcome with great precision, accuracy, and dexterity.
3. In February 2021, Olympus announced that it supports the finalized guidance recommendations laid down by the Food and Drug Administration (FDA), which indicates that the laparoscopic power morcellation in several gynecological procedures should be conducted with a clinically approved containment device.
4. TransEnterix in February 2021 announced its plan to change its name to Asensus and will continue to develop the Senhance surgical system. It touts as the prominent and well-known digital laparoscopic platform that powers augmented intelligence to offer positive patient outcomes and strong performance through machine learning.
5. Energy system is the product type owing to augmented electro surgeries. The technique involves the heating of the tissue using high-frequency current devices. The energy systems encompass various energy sources, including ultrasound, laser, electricity, and argon gas.
6. Robot-assisted devices are projected to emerge as the fastest-growing segment during the forecast period due to factors, such as improved patient care services and new product launches. 

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Laparoscopic Devices Market Segmentation

Grand View Research has segmented the global laparoscopic devices market on the basis of product, application, and region:

Laparoscopic Devices Product Outlook (Revenue, USD Million, 2015 - 2026)

• Trocars
• Energy Systems
• Closure Devices
• Suction/Irrigation Devices
• Insufflation Devices
• Laparoscopes
• Hand Access Instruments
• Robot Assisted Systems

Laparoscopic Devices Application Outlook (Revenue, USD Million, 2015 - 2026)

• Bariatric Surgery
• Colorectal Surgery
• General Surgery
• Gynecological Surgery
• Urological Surgery
• Others

Laparoscopic Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America

• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Singapore
• Latin America
• Mexico
• Brazil
• Argentina
• Columbia
• Middle East & Africa (MEA)
• South Africa
• Saudi Arabia
• UAE

List of Key Players in Laparoscopic Devices Market

1. Medtronic PLC
2. Karl Storz GmbH
3. Stryker Corp.
4. Johnson and Johnson Services, Inc.
5. CONMED Corp.
6. Olympus Corp.

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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