(EMAILWIRE.COM, January 18, 2019 ) The global laparoscopic instruments market is projected to reach USD 11.68 billion by 2021 from USD 7.61 billion in 2016, at a CAGR of 8.9%. The demand for laparoscopic instruments is on the rise owing to the increasing physician and patient preference for laparoscopic procedures. Laparoscopic procedures are less invasive and save costs for physicians and patients in terms of pre- and post-operation care and length of stay in hospitals.
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Laparoscopic instruments are used during laparoscopy, a type of minimally invasive surgical procedure used for diagnostic and treatment purposes. The procedure allows surgeons to access the inside of the abdomen and pelvis region, without making large incisions in the skin. The procedure involves creation of small incisions in the abdominal wall through which a laparoscope (viewing tube) is inserted, which allows the doctor to examine the abdominal and pelvic organs on a video monitor connected to the tube.

The laparoscopic instruments market has been segmented, on the basis of product into energy devices, insufflators, suction/irrigation systems, laparoscopes, hand instruments, closure devices, access devices, and accessories. The laparoscopes segment is further segmented into video laparoscopes and fiber laparoscopes. The video laparoscopes segment is estimated to witness the highest CAGR during 2016–2021. The demand for laparoscopes is expected to witness significant growth due to factors such as technological advancements, coupled with increasing adoption of newer technologies by hospitals.

By applications, the global laparoscopic instruments market is broadly segmented into bariatric surgery, gynecological surgery, general surgery, urological surgery, colorectal surgery, and pediatric surgery. The gynecological surgery segment segment accounted for the largest share of the laparoscopic instruments in 2016. Gynecology/obstetrics laparoscopy plays an important role in the diagnosis and treatment of cervical cancer. The increasing incidence of cervical cancer has resulted in a growing demand for laparoscopy products for gynecology applications.

By end users, the global laparoscopic instruments market is segmented into hospitals and ambulatory surgical centers. In 2016, the hospitals segment is expected to command the largest share of the global laparoscopic instruments market. Laparoscopic procedures conducted in hospitals or hospital-attached outpatient facilities enable ease of handling any emergency situations that may arise during surgical procedures or post-operative complications; which is why hospitals are preferred for performing laparoscopic procedures.

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Geographically, the North American market accounted for the largest share of the global laparoscopic instruments market in 2016. The large share of North America can be attributed to the 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.

The prominent players in the global laparoscopic instruments market include Karl Storz GmbH & Co. KG (Germany), Olympus Corporation (Japan), Medtronic plc (Ireland), B. Braun Aesculap (Germany), Stryker Corporation (U.S.), Richard Wolf GmbH (Germany), Ethicon, Inc. (U.S.), Smith & Nephew plc (U.K.), Cook Medical Incorporated (U.S.), ConMed Corporation (U.S.), and Boston Scientific Corporation (U.S.).