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

The globallaparoscopy and endoscopy devices market was valued at $23,809.2 million in 2021 and is projected to reach $38,942.2 million by the end of 2031, growing at a CAGR of 4.94% during the forecast period 2022-2031.

Figure: Global Laparoscopy and Endoscopy Devices Market, $Million, 2020, 2021, and 2031

Laparoscopy and Endoscopy Devices Market



Impact of COVID-19 on the Global Laparoscopy and Endoscopy Devices Market

The COVID-19 pandemic had thrusted the global laparoscopy and endoscopy devices market. The impact of the pandemic global laparoscopy and endoscopy devices market has been moderate. One of the major impacts of COVID-19 on the global laparoscopy and endoscopy were the shutdown of elective surgeries and delayed installations which had an immediate negative impact on the market’s growth in 2020.

Global Laparoscopy and Endoscopy Devices Market Drivers

The market is driven by factors such as the increasing prevalence of chronic diseases, several benefits of minimally invasive Surgeries Over Invasive Open Surgeries, Growing Geriatric Population, Rapidly Increasing healthcare costs, technological advancements in minimally invasive surgeries, and the growing number of surgical procedures.

Minimally invasive surgeries offer greater benefits as compared to conventional open surgery approaches. These benefits may include smaller incisions, faster recovery times, less pain, scarring, and better accuracy than their counterparts. Due to the benefits of minimally invasive surgeries, the popularity of these surgeries has increased tremendously after the 70s (the time these surgeries were developed). Currently, laparoscopic surgery (a minimally invasive procedure) has become a gold standard for procedures ranging from gallbladder removal, bariatric surgeries as well as colon cancer removal.

Global Laparoscopy and Endoscopy Devices Market Challenges

The factors restraining the market growth of laparoscopy and endoscopy devices market include the shortage of skilled professionals and the lack of reimbursement frameworks in emerging markets. On an institutional level, surgeons often have to face a dearth of enabling functional equipment and devices during a surgery which significantly impedes the uptake of minimally invasive surgeries. Also, surgeons often resort to open surgical procedures due to lack of skilled nurses to assist surgeons in MIS procedures. Also, there is the shortage of required resources in public referral hospitals.

Global Laparoscopy and Endoscopy Devices Market Opportunities

The opportunity for growth of the global laparoscopy and endoscopy devices market lies in the opportunity to engage in mergers and acquisitions to diversify endoscopic portfolio and investments and regional expansion.

Key Market Players and Competition Synopsis

Some of the key players 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 the past few years, the global laparoscopy and endoscopy devices market has witnessed several strategic and technological developments undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are funding activities, mergers and acquisitions (M&A), partnerships, alliances, business expansions, regulatory and legal activities, and new offerings. The preferred strategy for companies has been new offerings of products followed by partnerships, alliances, and business expansions.

Key Questions Answered in the Global Laparoscopy and Endoscopy Devices Market Report

• What are the key geographical regions in global laparoscopy and endoscopy devices market? Which regional market held the largest share in the market in 2021? Which region is projected to be the fastest growing region during the forecast period 2022-2031?
• What are the key technological trends influencing the global laparoscopy and endoscopy devices market? What is their potential for impacting the market during the forecast period 2022-2031?
• What is the growth opportunity for the global laparoscopy and endoscopy devices market in short-term and long-term?
• What is the patent landscape of the global laparoscopy and endoscopy devices market like? Which companies have the highest number of patents filed between 2018-2021?
• What are the key regulations that impact the growth of the global laparoscopy and endoscopy devices market?
• What was the impact of COVID-19 on global laparoscopy and endoscopy devices market?
• What are the key drivers, restraints, and opportunities for the global laparoscopy and endoscopy devise market? What will be their impact on the market in short-, mid-, and long-term duration?
• What are the key therapeutic areas wherein endoscopic and laparoscopic procedures are performed? Which therapeutic area is projected to be the fastest growing segment during the forecast period 2022-2031?
• Who are the major end users for the global laparoscopy and endoscopy devices market? Which end user held the largest share in the market in 2021?
• What are the key products for endoscopy, laparoscopy, and capsule endoscopy? Which product segment is projected to be the fastest growing segment during the forecast period 2022-2031?
• Who are the key players in the global laparoscopy and endoscopy devices market? What was their market share in the global market in 2021?



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How This Report Can Add Value
Assuming that the reader is a developer of laparoscopy and endoscopy devices, they will be able to do the following:

• Understand their position as compared to some of the key players in the market
• Stay updated with novel technology integration, features, and the latest developments in the market
• Understand the impact of COVID-19 on the adoption of laparoscopy and endoscopy devices and the entry barriers as a result of it
• Gain insights into which regions to target globally
• Gain insights into the end-user perception concerning the adoption of laparoscopy and endoscopy devices
• Identify some of the key players in the market and understand their valuable contribution



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