The global Disposable Laparoscopic Instruments Market is estimated at USD 5 Billion in 2022, and is projected to rise at a CAGR of 5.6% to reach a valuation of USD 7 Billion by 2028.
| Attribute | Details |
|---|---|
| Disposable Laparoscopic Instruments Market Size (2022) | USD 5 Billion |
| Sales Forecast (2028) | USD 7 Billion |
| Global Market Growth Rate (2022 to 2028) | 5.6% CAGR |
| Share of Top 5 Disposable Laparoscopic Instrument Providers | 50% |
Disposable laparoscopic instrument sales accounted for around 36.3% share of the global endoscope market in 2021. Demand for trocars is likely to increase at a CAGR of 5.4% over the assessment period of 2022 to 2028.
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| Particulars | Details |
|---|---|
| H1, 2021 | 5.70% |
| H1, 2022 Projected | 5.63% |
| H1, 2022 Outlook | 5.23% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 40 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 47 ↓ |
The global disposable laparoscopic instruments market is subject to environmental considerations due to medical device waste, product regulatory impositions, and product adoption rates, in accordance to the macro and industrial scale factors.
The key developments in the market include incorporation of disposable handle with integral cord and disposable electrodes. The market is highly influenced by product revisions due to technical errors, and sustainability approach for manufacturing and production.
H1-2022 outlook period in comparison to H1-2022 projected period showed a negative growth in terms of Basis Point Share by 40 BPS. However, In H1-2022, the market growth rate of disposable laparoscopic instruments is expected to fall by only 47 basis point share (BPS), as per FMI analysis
The observed BPS decline is observed owed to the sustainable regulatory impositions to reduce medical waste. Moreover, high estimated cost of using disposable laparoscopes has reduced product adoption, thus further declining the BPS value change.
However, cost associated with sterilization and upkeep of disposable laparoscopic instruments is relatively lower, and will hence gain opportunities for adoption in ambulatory settings, suggesting a market growth propulsion.
From 2013 to 2021, the global disposable laparoscopic instruments market experienced a CAGR of around 5.1%.
Laparoscopy is a minimally invasive surgery that is carried out through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to use and move special disposable laparoscopic devices to the target area and carry out the surgical procedure.
This technique is mostly preferred for surgeries related to the pancreas, liver, colon, and bile duct. Disposable surgical equipment usage reduces the risk of infection during surgery.
Increasing inflows of capital have aided numerous developing and poor countries throughout the world in incorporating disposable laparoscopic devices for surgeries and strengthening healthcare infrastructure.
Technological developments and improvements will undoubtedly lower the cost of disposable surgical devices, allowing for a larger user base over the forecast period.
Furthermore, because of the smaller incisions, the innovations will improve safety in terms of complications during or after surgery, as well as the effectiveness of the healing process.
Significant focus on research and development of novel, improved, and upgraded disposable laparoscopic devices will also generate significant growth potential. All of these reasons will play a significant role in the growth of the disposable laparoscopic devices market and provide lucrative potential prospects.
Growth of the disposable surgical instruments market is mainly driven by reducing pricing for market pick up, awareness programs in emerging countries, growing demand for minimally invasive surgeries, and technological advancements.
Thus, due to the factors mentioned above, the global disposable laparoscopic equipment market is projected to expand at a 5.6% CAGR across the 2022 to 2028 assessment period.
From 2013 to 2021, the global disposable laparoscopic instruments market experienced a CAGR of around 5.1%.
Laparoscopy is a minimally invasive surgery that is carried out through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to use and move special disposable laparoscopic devices to the target area and carry out the surgical procedure.
This technique is mostly preferred for surgeries related to the pancreas, liver, colon, and bile duct. Disposable surgical equipment usage reduces the risk of infection during surgery.
Increasing inflows of capital have aided numerous developing and poor countries throughout the world in incorporating disposable laparoscopic devices for surgeries and strengthening healthcare infrastructure.
Technological developments and improvements will undoubtedly lower the cost of disposable surgical devices, allowing for a larger user base over the forecast period.
Furthermore, because of the smaller incisions, the innovations will improve safety in terms of complications during or after surgery, as well as the effectiveness of the healing process.
Significant focus on research and development of novel, improved, and upgraded disposable laparoscopic devices will also generate significant growth potential. All of these reasons will play a significant role in the growth of the disposable laparoscopic devices market and provide lucrative potential prospects.
Growth of the disposable surgical instruments market is mainly driven by reducing pricing for market pick up, awareness programs in emerging countries, growing demand for minimally invasive surgeries, and technological advancements.
Thus, due to the factors mentioned above, the global disposable laparoscopic equipment market is projected to expand at a 5.6% CAGR across the 2022 to 2028 assessment period.
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The high cost of disposable laparoscopic devices is a major problem in developing and underprivileged countries. Moreover, an insufficient workforce and a scarcity of experienced surgeons to perform laparoscopic surgeries are impeding market expansion.
The poor and deteriorating performance of some disposable laparoscopic equipment has a detrimental impact on the disposable surgical instruments market growth.
The North American regional market is expected to account 31.9% share of the global market in 2022.
In terms of market value, North America is projected to dominate the global disposable laparoscopic solutions market throughout the forecast period. The foray of leading North American companies into the disposable laparoscopic instruments market over the last few years is a factor expected to boost the overall sale of these devices in the region.
Increase in patient desire for minimally invasive procedures, an increase in the aging populations, and government spending on health care per capita are driving the surgical instrument market growth in the region, along with that for disposable laparoscopic devices.
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The medical biotechnology and pharmaceutical market is fueled by early-stage disease diagnosis and surgery, which is predicted to boost the disposable laparoscopic instruments market in the United States.
Supportive government policies on health care infrastructure and an increase in hospital surgery awareness campaigns are boosting the sales of disposable laparoscopic instruments.
In terms of value, the market in China is expected to witness significant growth during the forecast period. Significant investments in healthcare infrastructure, increasing patient pool along rising geriatric population in China are factors expected to boost the revenue growth of the disposable laparoscopic apparatus market.
The China disposable laparoscopic instruments market is driven by an increase in the number of accidents requiring surgery, growing urbanization, and increased awareness of laparoscopic surgery.
Furthermore, economic prosperity of China has assisted the development of healthcare infrastructure. As a result, it creates considerable prospects in the single-use laparoscopic instruments market.
Trocars are devices that are commonly used in laparoscopic procedures to access and drain a patient's ascites or hydrothorax. Sales of trocars are expected to increase 2X by 2028.
Each laparoscopy procedure normally needs three to four trocars. Laparoscopic suction/irrigation devices constantly supply pressurized irrigation fluid and incorporate a leak-free seal.
By eliminating superfluous fluids, they provide excellent efficiency, accuracy, and speed up the surgical operation. Because of these advantages, they are becoming more commonly used, and demand for trocars is rising at the same time.
Based on end use segment, the global disposable laparoscopic instruments market is segmented into hospitals, ambulatory surgical centers, and specialty clinics. In terms of end use, the hospitals segment is expected to witness high growth during the forecast period.
Growing cases of inner health problems and diseases necessitate rapid surgery, for which hospitals are adequately stocked with disposable laparoscopic instruments.
Growing healthcare investments have made all of the technologies available in these hospitals and significantly improved healthcare infrastructure. Hospitals are also more cost-effective because they employ highly trained, competent, and experienced personnel who can conduct laparoscopic surgery more quickly.
All of these elements, as well as the benefits provided by hospitals, encourage the majority of the population to seek treatment in hospitals, aiding growth of the segment in the global disposable laparoscopic gadgets market.
A large number of disposable laparoscopic equipment suppliers are focused on entering into collaborations and partnerships with local distributors and retailers to enhance their market presence globally.
Companies are also focusing on increasing product visibility across regions. Disposable laparoscopic instrument suppliers are instilling competitive capabilities to strengthen their market presence worldwide.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Value in USD Million, Volume in Units |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Mexico, Argentina, Germany, Italy, France, UK, Nordic, Spain, Japan, China, India, Malaysia, Thailand, Australia, GCC Countries, South Africa, Turkey |
| Key Market Segments Covered | Product Type, Indication, End Use, Region |
| Key Companies Profiled | ASFS Medic's Company; Ackermann Instrumente GmbH; AMNOTEC International Medical; B. Braun Melsungen AG; CONMED Corporation; Cook Medical; EndoMed Systems GmbH; Intuitive Surgical; Karl Storz GmbH & CO. KG; Medline Industries, Inc.; Medtronic plc; Microline Surgical, Inc.; Mindray Medical International Limited |
| Pricing | Available upon Request |
The projected revenue of the disposable laparoscopic instruments market by 2028 is USD 7 billion.
The disposable laparoscopic instruments market is expected to develop at a CAGR of 5.6% through 2028.
High costs, regulation, and competition make it difficult for new companies to enter the market.
North America holds a significant share of the disposable laparoscopic instruments market.
North America is growing significantly due to the increasing incidence of minimally invasive surgeries.
1. Executive Summary 2. Market Introduction 3. Disposable Laparoscopic Instruments Market Opportunity Analysis 4. Global Economic Outlook 5. Market Background 6. Macroeconomic Assumptions 7. Key Inclusions 8. North America Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 9. Latin America Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 10. Western Europe Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 11. Eastern Europe Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 12. Asia Pacific Excluding Japan Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 13. Japan Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 14. Middle East and Africa Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 15. Forecast Factors: Relevance and Impact 16. Forecast Assumptions 17. Competition Analysis 17.1. B. Braun Melsungen AG 17.2. Medline Industries, Inc. 17.3. Stryker Corporation 17.4. Ackermann Instrumente GmbH 17.5. ASFS Medic's company 17.6. Medino GmbH 17.7. Péters Surgical 17.8. Medtronic 17.9. Mediflex Surgical Products 17.10. Grena LTD 18. Global Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 By Region 18.1. North America 18.2. Latin America 18.3. Western Europe 18.4. Eastern Europe 18.5. Asia Pacific Excluding Japan 18.6. Japan 18.7. Middle East and Africa 19. Global Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028, By Product Type 19.1. Laparoscopic Scissors 19.2. Laparoscopic Hooks 19.3. Grasping Forceps & Dissectors 19.4. Trocars 19.5. Laparoscopic Suction / Irrigation Devices 19.6. Others 20. Global Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028, By Indication 20.1. General Surgery 20.2. Bariatric Surgery 20.3. Colorectal Surgery 20.4. Urologic Surgery 20.5. Gynecologic Surgeries 20.6. Others 21. Global Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028, By End User 21.1. Hospitals 21.2. Ambulatory Surgical Centers 21.3. Specialty Clinics 22. Global Disposable Laparoscopic Instruments Market Analysis 2013 to 2021 and Forecast 2022 to 2028 23. Research Methodology
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