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Market Overview

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The global laparoscopy and endoscopy devices market is a significant market comprising various devices for endoscopy, laparoscopy, and capsule endoscopy. These devices include endoscopes and endoscopic systems, video and visualization systems, instruments and accessories, workstations and data recorders, capsules, laparoscopes and systems, energy devices, insufflators, suction or irrigation devices, closure devices, hand instruments, and access devices, among others.

The market was valued at $23,809 million in 2021 and is projected to reach $38,942 million by the end of 2031, growing at a CAGR of 4.94% during the forecast period from 2022 to 2031.

Minimally invasive surgeries have gained preference over open surgeries due to the advantages they offer. Advancements in surgical systems and tools have led to breakthroughs and disruptions in the healthcare field, increasing the demand for minimally invasive surgeries. Laparoscopy and endoscopy devices play a crucial role in expanding the applications of these surgeries. Endoscopic devices, which are flexible tubes with cameras and lights, assist laparoscopic devices by providing imagery for surgeons to monitor the procedure. Endoscopy procedures such as GI endoscopy, colonoscopy, and enteroscopy also benefit from these devices. Laparoscopy, on the other hand, refers to keyhole surgical endoscopy.

The market is driven by factors such as the increasing prevalence of chronic diseases, the numerous benefits of minimally invasive surgeries, the growing geriatric population, rising healthcare costs, technological advancements, and the increasing number of surgical procedures. Minimally invasive surgeries offer advantages such as smaller incisions, faster recovery times, less pain and scarring, and better accuracy. Laparoscopic surgery, in particular, has become the gold standard for procedures like gallbladder removal, bariatric surgeries, and colon cancer removal.

Factors restraining the market growth include a shortage of skilled professionals, lack of reimbursement frameworks in emerging markets, inadequate functional equipment and devices in surgical settings, and a shortage of resources in public referral hospitals.

Opportunities for market growth lie in mergers and acquisitions, diversification of endoscopic portfolios, investments, and regional expansion.

The COVID-19 pandemic has had a moderate impact on the global laparoscopy and endoscopy devices market. The shutdown of elective surgeries and delayed installations due to the pandemic had an immediate negative impact on market growth in 2020.

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Market Segmentation

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The market is segmented based on various factors, including type, end-user, product, and region.

Segmentation by Type
General Surgery
Cardiac Surgery
Gynecology Surgery
Orthopedic Surgery
Urology Surgery
Neurological Surgery
Others

Segmentation by End-User
Hospitals
Ambulatory Surgery Centers (ASCs)
Others

Segmentation by Product
Endoscopes and Endoscopic Imaging Systems – Rigid Endoscopes and Flexible Endoscopes
Video and Visualization Systems – Endoscopy Cameras, Display and Monitors, Video Convertors, and Video Recorders
Instruments and Accessories – Insufflators, Irrigation Systems, Procedure Kits, Endoscope Top Protector, Tubing and Water Systems, Forceps, Retrieval Kit, Injection Needle, and Others
Capsule Endoscopy Devices – Workstation and Data Recording, Capsule, and Othe
Others

Segmentation by Region
North America – U.S. and Canada
Europe – Germany, U.K., Spain, Italy, France, Netherlands, Belgium, and Rest-of-Europe
Asia-Pacific – Japan, China, South Korea, India, Australia and New Zealand, Malaysia, Singapore, and Rest-of-Asia-Pacific
Latin America – Brazil, Mexico, and Rest-of-Latin America
Middle East and Africa – K.S.A., U.A.E., Israel, and Rest-of-Middle East and Africa

General surgery encompasses the comprehensive management of patients with a wide range of diseases, including those that may require surgical intervention or urgent care. The increasing incidence of conditions such as colon cancer and thyroid disease has contributed to the growth of the general surgery field. Notably, colorectal cancer has been on the rise among young adults, with a 51% increase in cases reported by the National Cancer Institute between 2004 and 2019. Additionally, minimally invasive approaches have made procedures like esophagectomy more widely performed. The demand for general surgery has surged in recent years due to a growing elderly population and increased healthcare utilization. The Association of American Medical Colleges projects a shortage of 41,000 general surgeons in the United States alone by 2025. Consequently, the global general surgery segment was valued at $9,684 million in 2020 and is expected to reach $15,538 million by 2031, exhibiting a CAGR of 4.19% during the forecast period from 2022 to 2031.

Among the various settings where laparoscopy and endoscopy devices are utilized, hospitals dominate the global market. Private hospitals, in particular, have embraced the adoption of laparoscopic and endoscopic procedures, contributing to the significant market share held by hospitals. In 2021, hospitals accounted for 70.15% of the market share, a trend expected to persist throughout the forecast period from 2022 to 2031. Factors such as the increasing prevalence of chronic diseases and improvements in healthcare infrastructure drive the growth of this segment. The cost-intensive nature of laparoscopy and endoscopy instruments and accessories, coupled with the steep learning curve for surgeons, limits their availability to high-end multispecialty private hospitals and clinics. However, as part of the effort to reduce healthcare costs, there is an ongoing shift towards performing inpatient procedures in outpatient centers.

Within the laparoscopy and endoscopy devices market, the instruments and accessories segment is projected to present an incremental opportunity of $5,436 million during the forecast period from 2022 to 2031. Following closely, the video and visualization systems segment is expected to generate an incremental opportunity of $4,372 million. Surgical instruments and reusable accessories play a critical role in surgeries and represent a substantial investment for end users, particularly hospitals. The demand for instruments and accessories is anticipated to rise as smaller and more delicate instruments are sought after, allowing for further reductions in incision size.

North America and Europe are currently the largest markets for laparoscopy and endoscopy devices, while developing countries are expected to witness rapid adoption in the near future. North America, with its advanced healthcare system, presence of global and emerging players, and aging population, holds the majority share in the global market and is projected to maintain this position throughout the forecast period. The market in North America is expected to grow at a moderate CAGR of 3.90% from 2022 to 2031. Following North America, Asia-Pacific holds the second-largest market share, accounting for 26.19% in the global market. By the end of 2031, Asia-Pacific is projected to increase its share to 29.88%, while Europe is expected to hold 23.40%. The presence of both global and regional companies, along with the increasing prevalence of chronic diseases, drives the growth of the laparoscopy and endoscopy devices market in these regions. Nevertheless, changes in the regulatory landscape may impact market growth during the forecast period from 2022 to 2031.

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Competitive Landscape

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Some notable companies operating in the market include Ambu A/S, Arthrex Inc., B.Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Cook Medical LLC, FUJIFILM Holdings Corporation, HOYA Corporation, Johnson & Johnson, KARL STORZ SE & Co. KG, Laborie, Olympus Corporation, Richard Wolf GmbH, Smith & Nephew plc, Stryker Corporation, CapsoVision Inc., and Medtronic plc.

In recent years, the global laparoscopy and endoscopy devices market has witnessed significant strategic and technological advancements implemented by various market players striving to capture their respective market shares in this emerging sector. These strategies include funding activities, mergers and acquisitions (M&A), partnerships, alliances, business expansions, regulatory and legal initiatives, and introductions of new products. Companies have primarily focused on introducing new products, followed by forming partnerships, alliances, and expanding their business operations.

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Key Questions Answered

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What are the primary geographic regions in the global market for laparoscopy and endoscopy devices?

Which regional market accounted for the highest market share in 2021?

Which region is expected to experience the fastest growth during the forecast period of 2022-2031?

What are the key technological trends influencing the global market for laparoscopy and endoscopy devices?

What is the potential impact of these technological trends on the market during the forecast period of 2022-2031?

What are the short-term and long-term growth opportunities for the global market for laparoscopy and endoscopy devices?

How does the patent landscape of the global market for laparoscopy and endoscopy devices look like?

Which companies have filed the highest number of patents between 2018 and 2021 in this market?

What are the key regulations that affect the growth of the global market for laparoscopy and endoscopy devices?

What was the impact of the COVID-19 pandemic on the global market for laparoscopy and endoscopy devices?

What are the major drivers, restraints, and opportunities in the global market for laparoscopy and endoscopy devices?

What will be the impact of these factors on the market in the short, medium, and long term?

In which therapeutic areas are endoscopic and laparoscopic procedures commonly performed?

Which therapeutic area is projected to be the fastest-growing segment during the forecast period of 2022-2031?

Who are the primary end users of the global market for laparoscopy and endoscopy devices?

Which end user held the largest market share in 2021?

Who are the key players in the global market for laparoscopy and endoscopy devices?

What was their market share in the global market in 2021?