Laparoscopic Devices Market Size, Share & Trends Report

Laparoscopic Devices Market Size, Share & Trends Analysis Report By Product (Laparoscopes, Energy Systems, Trocars), By Application (Bariatric Surgery, Other Surgery), By End-user (Hospital, Clinic), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-3-68038-306-5
  • Number of Report Pages: 110
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the laparoscopic devices market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for laparoscopic devices market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of laparoscopic devices market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Laparoscopic Devices Market Categorization:

The laparoscopic devices market was categorized into four segments, namely product (Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments), application (Bariatric Surgery, Urological Surgery, Gynecological Surgery, General Surgery, Colorectal Surgery), end-user (Hospital, Clinic, Ambulatory), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The laparoscopic devices market was segmented into product, application, end-user, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The laparoscopic devices market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Denmark; Norway; Sweden; Japan; China; India; Australia; South Korea; Thailand; Brazil; Mexico;  Argentina; South Africa; Saudi Arabia; UAE; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Laparoscopic devices market companies & financials:

The laparoscopic devices market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Medtronic is a global health solutions company that develops, manufactures, distributes, and commercializes device-based medical therapies & services. It operates through four reportable segments: minimally invasive therapies, cardiac & vascular, restorative therapies, and diabetes. Its cardiac surgery products consist of positioning and stabilization systems for beating heart surgery. The company makes innovations in its surgical space by incorporating robotic and automated technologies. Its minimally invasive therapy products consist of mesh fixation devices & hardware instruments and surgical products, including vessel sealing instruments, wound closure, stapling devices, electrosurgery products, and mesh implants. In addition, it offers products in the fields of minimally invasive gastrointestinal diagnostics, inhalation therapy, renal care solutions, and interventional lung. This segment also develops gynecology products for the treatment of uterine fibroids, polyps, uterine cancer, and endometriosis. The company has a global presence and operates in more than 370 locations across 160 countries.

  • Stryker Corporation is engaged in the development and commercialization of medical technology-based products & services. It operates through three segments: MedSurg, orthopedics, and neurotechnology & spine. Its neurotechnology and spine segment offers products such as neurosurgical, neurovascular, and spinal implant devices. Stryker’s neurotechnology and spine segment has sales through owned distribution outlets in the U.S., China, Netherlands, Switzerland, and France, as well as leased outlets in Ireland & the U.S. The MedSurg segment is the second-largest segment of the company, and it includes instruments, medical, endoscopy & sustainability solutions. The company’s orthopedic segment offers products such as implants for use in hip & knee joint replacements and trauma surgeries. Stryker sells its products in more than 80 countries through its branches, subsidiaries, distributors, and third-party dealers to doctors, hospitals, and other healthcare facilities.             

  • Karl Storz is a privately held company that develops, manufactures, and commercializes medical instruments & devices. The company offers endoscopic instruments for use in human medicine, veterinary medicine, and industrial applications. It has more than 15,000 products of endoscopic instruments. Karl Storz has a global presence with more than 50 subsidiaries in over 40 countries. The company has over 3,000 employees at its headquarters and over 8,000 globally.

  • Johnson & Johnson, the parent company of Ethicon, Inc., manufactures pharmaceuticals, medical devices, and consumer healthcare products. It is present in more than 60 countries and markets its products globally. The company operates through three business segments: consumer products, medical devices, and pharmaceuticals. The medical devices segment includes a vast range of products used in surgery, cardiovascular, orthopedic, eye health, and diabetic care.     

  • Olympus Corporation is a Japan-based global healthcare company engaged in the development, manufacturing, and commercialization of medical equipment & devices. The company operates in three reportable business segments: medical, scientific solutions, and imaging. The medical segment offers surgical endoscopes, gastrointestinal endoscopes, endoscopic instruments, and ultrasonic endoscopes. The imaging segment offers digital cameras and recording machines. The scientific segment provides a biological microscope, industrial microscope, and industrial endoscope. Olympus Corporation has 93 Group companies operating globally.     

  • CONMED Corporation is a global healthcare company focused on the development, manufacturing, and commercialization of surgical & patient monitoring products and services globally. The company operates through two reportable segments: orthopedic surgery and general surgery. CONMED’s orthopedic surgery segment offers products that include powered resection instruments, metal & bioabsorbable implants, and fluid management systems. It also offers general surgery products such as trocars, suction irrigation devices, tissue retrieval bags, graspers, dissectors, and scissors. The company's products are used by surgeons and physicians in a range of specialties robotic & open surgery, orthopedic, gastroenterology, laparoscopic, and cardiology & critical care. The company has a global presence, and its facilities are present in more than 20 locations across Europe, Latin America, Asia, Australia, North America, and the Middle East.       

  • B. Braun Melsungen AG is a provider and manufacturer of healthcare products & medical care solutions. The company’s product portfolio consists of 5,000 products, with 95% of products being manufactured in-house. Hospital Care, Outpatient Market, Aesculap, and B. Braun Avitum are the key reportable segments. The company operates its business through therapies & indications that include ostomy care, continence care & urology, diabetes care, cardiothoracic surgery, degenerative spinal disorders, extracorporeal blood treatment, general open surgery, infusion therapy, interventional vascular diagnostics & therapy, infection prevention, neurosurgery, nutrition therapy, laparoscopic surgery, orthopedic joint replacement, pain therapy, and wound management.

  • CooperCompanies is a medical device company that functions via two business segments: CooperSurgical, Inc. and CooperVision, Inc. The company has a global presence, with its products sold in over 100 countries. CooperSurgical, Inc. provides medical products diagnostic products, and surgical instruments to gynecologists & other women's health care providers. The company’s products are mainly marketed to hospitals, fertility clinics, surgical centers, and medical offices globally. CooperSurgical has more than 1,700 employees and is a provider of over 600 products for medical use across 30 countries.

  • Richard Wolf GmbH is a Germany-based medical technology company that manufactures, develops, and distributes comprehensive solutions & products for endoscopy, as well as for extracorporeal shock wave treatment. Its products are utilized in general surgery, spine surgery, gynecology, pulmonology, orthopedics, pediatrics, shockwaves, thoracic surgery, and urology. They also offer maintenance and technical support services. Richard Wolf maintains a global network of 16 subsidiaries & 130 foreign representatives and markets its products across the Americas, Europe, Africa, Asia, and Australia/Oceania.

  • Microline Surgical develops, manufactures, and commercializes a broad range of minimally invasive surgical instruments globally. The company’s product portfolio comprises grasping, cutting, dissecting, sealing, and ligating instruments used in all laparoscopic surgical procedures, including gynecologic surgery, general surgery, urologic surgery, and bariatric surgical procedures. These instruments utilize Thermal Fusion technology to seal and split tissue. It is a wholly-owned subsidiary of the Japan-based HOYA Corporation.   

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Laparoscopic Devices Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Laparoscopic Devices Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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