Laparoscopy Devices Market

Laparoscopy Devices Market Size by Application (Bariatric Surgery, Colorectal Surgery, General Surgery, Urological Surgery, and Others), Product (Robot Assisted Systems, Laparoscopes, Energy Systems, Hand Access Instruments, Suction or Irrigation Systems, Closure Devices, and Others), End-User (Clinics, Hospitals, and Others) Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12870
  • Published Date: Aug, 2022
  • Pages: 234
  • Category: Healthcare
  • Format: PDF
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The global laparoscopy devices market is expected to reach USD 17.71 billion by 2030, at a CAGR of 7.04% from 2022 to 2030. The increasing efficiency of laparoscopic procedures and growing demand for minimally invasive medical procedures are driving the expansion of the laparoscopy devices market.

Market Overview:

Laparoscopic instruments are typically utilized during laparoscopy and permit the surgeon to operate through small incisions, usually between 3 to 5 mm. Laparoscopy is known as minimally invasive surgery. It allows for less pain, faster recovery, shorter hospital stays, and more minor scars than traditional (open) surgery. Laparoscopy devices are routinely utilized in the therapeutic and diagnosis methods of different diseases such as pancreatic cancer, prostatectomy, and gastrointestinal disorders. Laparoscopic instruments refer to the medical equipment for laparoscopic surgery accessing the abdominal and pelvic region. Some commonly utilized laparoscopic devices include trocars, cannulas, incision closure devices, rigid scopes, knot pushers, forceps, retractors, bowel, grasper, and surgical mesh.

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Market Dynamics:

Drivers
  • The increasing demand for minimally invasive surgeries:

The rising demand for minimally invasive surgeries drives the market growth. This is due to significant advantages associated with minimal surgical procedures like a short hospital stay, small or no incision, less pain, less scarring, quick recovery time, and reduced blood loss. Further, the increasing funding & favorable policies offered by the government of different nations are also propelling the market growth. Additionally, the rising prevalence of colorectal cancer, the growing prevalence of obesity, and the ever-increasing number of local manufacturers are also helping to boost the market growth during the forecast period. Moreover, the raised research collaboration & agreements between diverse manufacturers are also propelling the market growth during the forecast period. Also, the increasing popularity of non-robotic minimally invasive surgery & expanding aging population is boosting the growth of the laparoscopy devices market.

Restraints:
  • Lack of skilled professionals:

The shortage of trained healthcare professionals and the lack of reimbursement in emerging markets are restraining market growth. Further, post-impact laparoscopic surgery, the high cost of treatment, and poor healthcare systems in low & middle-income countries are expected to hinder the market growth during the forecast period.

Opportunities:
  • The increasing healthcare markets in emerging economies:

The growing healthcare industry in developing markets is due to the rising private & public initiatives undertaken by market stakeholders across the nations. Further, the increasing healthcare expenditure, continuous improvements in healthcare infrastructure, growing patient population, and strengthening distribution webs of industry leaders are also helping to drive market growth in emerging countries. Moreover, the availability of high-quality surgical remedies at lower prices than in developed industries has enticed many medical tourists boosting the market growth. In addition, the growing demand for data-integrated procedures is anticipated to offer lucrative opportunities for market growth.

Segmentation Analysis:

The global laparoscopy devices market has been segmented based on application, product, end-user, and region.

  • The application segment is divided into bariatric surgery, colorectal surgery, general surgery, urological surgery, and others. The general surgery segment led the market with a market share of 21.24% in 2021 due to the various benefits like high success rate, low postoperative infection rapid recovery. Further, by 2030, the bariatric surgery segment will likely dominate the market due to the increasing government initiatives to support bariatric surgeries.
  • The product segment is divided into robot assisted systems, laparoscopes, energy systems, hand access instruments, suction or irrigation systems, closure devices, and others. The energy systems segment led the market with a market share of 20.26% in 2021 due to the increasing adoption of minimally invasive laparoscopy devices. Further, by 2030, the laparoscopes segment will likely dominate the market due to technological advancements and the growing adoption of newer technologies by hospitals.
  • The end-user segment is divided into clinics, hospitals, and others. The hospital's segment led the market with a market share of 41.12% in 2021 due to the improving the quality of hospital services.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the largest market for the global laparoscopy devices market, with a 45.36% share of the market revenue in 2021.

  • The ever-increasing adoption of minimally invasive surgeries is anticipated to contribute to the laparoscopy devices market. Furthermore, significant industry players and technological advancements also help boost market growth. Also, a proliferation in the number of infections & ailments is helping to boost the market growth in this region.
  • During the forecast period, the Asia Pacific region will record the highest growth due to the increase in the number of healthcare and hospital institutions that perform procedures helping boost the market growth in this region. The improved reimbursement policies and increasing GDP per capita income also help drive market growth. However, the increasing contribution toward R&D and growing competition among marketers boost market growth during the forecast period.

North America Region Laparoscopy Devices Market Share in 2021 - 48.35%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global laparoscopy devices industry.

List of Key Market Players:

  • ConMed Corporation
  • B. Braun Melsungen AG
  • Karl Storz SE & CO. KG
  • Boston Scientific Corporation
  • Johnson & Johnson
  • Smith & Nephew Plc
  • Olympus Corporation
  • Stryker Corporation
  • Richard Wolf GmbH
  • Intuitive Surgical
  • Medtronic PLC
  • Microline Surgical, Inc.
  • SCHÖLLY Fiberoptic GmbH
  • Mindray Medical International Limited
  • Victor Medical Instruments Co., Ltd
  • Richard Wolf GmbH
  • Peters Surgical
  • Cook Medical
  • CONMED Corporation
  • AMNOTEC International Medical

Key Target Audience:

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm

Report Description:

  • Global Laparoscopy Devices Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global laparoscopy devices market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global laparoscopy devices market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of laparoscopy devices based on application, product, end-user and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global laparoscopy devices market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global laparoscopy devices market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global laparoscopy devices market) is covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the laparoscopy devices market was valued at USD 9.60 billion in 2021 to USD 17.71 billion by 2030.

Global laparoscopy devices market is growing at a CAGR of 7.04% during the forecast period 2022-2030.

The global laparoscopy devices market has been segmented based on application, product, end-user, and regions. The general surgery segment led application segment in 2021. The energy systems segment led the product segment in 2021.

North America region emerged as the largest market for the laparoscopy devices.

The market's growth will be influenced by the growing demand for minimally invasive medical procedures.

The shortage of trained healthcare professionals could hamper the market growth.

The increasing healthcare markets in emerging economies will provide huge opportunities to the market.

Key players are ConMed Corporation, B. Braun Melsungen AG, Karl Storz SE & CO. KG, Boston Scientific Corporation, Johnson & Johnson, Smith & Nephew Plc, Olympus Corporation, Stryker Corporation, Richard Wolf GmbH, Intuitive Surgical, Medtronic PLC

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Application
          4.3.2. Market Attractiveness Analysis By Product
          4.3.3. Market Attractiveness Analysis By End-User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The enhancements in equipment capabilities in laparoscopic instruments
          5.2.2. The increased prevalence of chronic illnesses
          5.2.3. The lack of reimbursement in emerging markets
    5.3. Restraints
          5.3.1. The shortage of trained healthcare professionals
          5.3.2. The high cost of treatment
    5.4. Opportunities
          5.4.1. The increasing healthcare markets in emerging economies
          5.4.2. The proliferation in the adoption of robot-assisted laparoscopic surgeries
          5.4.3. The introduction of innovative laparoscopic tools

6. Global Laparoscopy Devices Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Bariatric Surgery
    6.3. Colorectal Surgery
    6.4. General Surgery
    6.5. Urological Surgery
    6.6. Others

7. Global Laparoscopy Devices Market Analysis and Forecast, By Product
    7.1. Segment Overview
    7.2. Robot Assisted Systems
    7.3. Laparoscopes
    7.4. Energy Systems
    7.5. Hand Access Instruments
    7.6. Suction or Irrigation Systems
    7.7. Closure Devices
    7.8. Others

8. Global Laparoscopy Devices Market Analysis and Forecast, By End-User
    8.1. Segment Overview
    8.2. Clinics
    8.3. Hospitals
    8.4. Others

9. Global Laparoscopy Devices Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Laparoscopy Devices Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Laparoscopy Devices Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. ConMed Corporation
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. B. Braun Melsungen AG
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Karl Storz SE & CO. KG
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Boston Scientific Corporation
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Johnson & Johnson
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Smith & Nephew Plc
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Olympus Corporation
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Stryker Corporation
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Richard Wolf GmbH
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Intuitive Surgical
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Medtronic PLC
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Microline Surgical, Inc.
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. SCHÖLLY Fiberoptic GmbH
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. Mindray Medical International Limited
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. Victor Medical Instruments Co., Ltd
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis
    11.16. Richard Wolf GmbH
          11.16.1. Business Overview
          11.16.2. Company Snapshot
          11.16.3. Company Market Share Analysis
          11.16.4. Company Product Portfolio
          11.16.5. Recent Developments
          11.16.6. SWOT Analysis
    11.17. Peters Surgical
          11.17.1. Business Overview
          11.17.2. Company Snapshot
          11.17.3. Company Market Share Analysis
          11.17.4. Company Product Portfolio
          11.17.5. Recent Developments
          11.17.6. SWOT Analysis
    11.18. Cook Medical
          11.18.1. Business Overview
          11.18.2. Company Snapshot
          11.18.3. Company Market Share Analysis
          11.18.4. Company Product Portfolio
          11.18.5. Recent Developments
          11.18.6. SWOT Analysis
    11.19. CONMED Corporation
          11.19.1. Business Overview
          11.19.2. Company Snapshot
          11.19.3. Company Market Share Analysis
          11.19.4. Company Product Portfolio
          11.19.5. Recent Developments
          11.19.6. SWOT Analysis
    11.20. AMNOTEC International Medical
          11.20.1. Business Overview
          11.20.2. Company Snapshot
          11.20.3. Company Market Share Analysis
          11.20.4. Company Product Portfolio
          11.20.5. Recent Developments
          11.20.6. SWOT Analysis

List of Table

1. Global Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

2. Global Bariatric Surgery, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion) 

3. Global Colorectal Surgery, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion) 

4. Global General Surgery, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion) 

5. Global Urological Surgery, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion) 

6. Global Others, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion) 

7. Global Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

8. Global Robot Assisted Systems, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

9. Global Laparoscopes, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

10. Global Energy Systems, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

11. Global Hand Access Instruments, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

12. Global Suction or Irrigation Systems, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

13. Global Closure Devices, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

14. Global Others, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

15. Global Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

16. Global Clinics, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

17. Global Hospitals, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

18. Global Others, Laparoscopy Devices Market, By Region, 2019-2030 (USD Billion)

19. North America Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

20. North America Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

21. North America Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

22. U.S. Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

23. U.S. Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

24. U.S. Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

25. Canada Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

26. Canada Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

27. Canada Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

28. Mexico Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

29. Mexico Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

30. Mexico Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

31. Europe Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

32. Europe Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

33. Europe Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

34. Germany Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

35. Germany Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

36. Germany Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

37. France Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

38. France Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

39. France Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

40. U.K. Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

41. U.K. Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

42. U.K. Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

43. Italy Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

44. Italy Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

45. Italy Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

46. Spain Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

47. Spain Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

48. Spain Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

49. Asia Pacific Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

50. Asia Pacific Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

51. Asia Pacific Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

52. Japan Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

53. Japan Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

54. Japan Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

55. China Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

56. China Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

57. China Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

58. India Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

59. India Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

60. India Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

61. South America Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

62. South America Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

63. South America Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

64. Brazil Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

65. Brazil Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

66. Brazil Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

67. Middle East and Africa Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

68. Middle East and Africa Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

69. Middle East and Africa Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

70. UAE Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

71. UAE Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

72. UAE Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

73. South Africa Laparoscopy Devices Market, By Application, 2019-2030 (USD Billion)

74. South Africa Laparoscopy Devices Market, By Product, 2019-2030 (USD Billion)

75. South Africa Laparoscopy Devices Market, By End-User, 2019-2030 (USD Billion)

List of Figures 

1. Global Laparoscopy Devices Market Segmentation

2. Global Laparoscopy Devices Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top- Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Laparoscopy Devices Market Attractiveness Analysis By Application

9. Global Laparoscopy Devices Market Attractiveness Analysis By Product 

10. Global Laparoscopy Devices Market Attractiveness Analysis By End-User

11. Global Laparoscopy Devices Market Attractiveness Analysis By Region

12. Global Laparoscopy Devices Market: Dynamics

13. Global Laparoscopy Devices Market Share By Application (2022 & 2030)

14. Global Laparoscopy Devices Market Share By Product (2022 & 2030)

15. Global Laparoscopy Devices Market Share By End-User (2022 & 2030)

16. Global Laparoscopy Devices Market Share By Regions (2022 & 2030)

17. Global Laparoscopy Devices Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global laparoscopy devices based on below mentioned segments:

Global Laparoscopy Devices Market by Application:

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

Global Laparoscopy Devices Market by Product:

  • Robot Assisted Systems
  • Laparoscopes
  • Energy Systems
  • Hand Access Instruments
  • Suction or Irrigation Systems
  • Closure Devices
  • Others

Global Laparoscopy Devices Market by End-User:

  • Clinics
  • Hospitals
  • Others

Global Laparoscopy Devices by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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