Disposable Laparoscopic Instruments Market Report

Market Insights

The Global Disposable Laparoscopic Instruments Market is projected to grow from USD 4.25 million in 2020 to USD 5.87 million by 2026 at a CAGR of over 5.5% during the forecast period.

Figure: Global Disposable Laparoscopic Instruments Market Size, 2020-2026 (USD Million)

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What are Laparoscopic Instruments?

Laparoscopy is a minimally invasive surgical technique that is performed through a hole incision. A little camera with a lightweight supply is connected to a tube which permits surgeons to maneuver special disposable laparoscopic instruments to the place and perform the surgery. This method is primarily very popular for surgeries that are associated with the liver, epithelial duct, duct gland, and colon.

Key Players

Key players operating in the global disposable laparoscopic instruments market are

• Medline Industries, Inc. (The U.S),
• B. Braun Melsungen AG (Germany),
• Ackermann Instrumente GmbH (Germany),
• Stryker Corporation (The U.S),
• Medino GmbH (Germany),
• Péters Surgical (India),
• ASFS Medic's company (France),
• Medtronic (Ireland),
• Mediflex Surgical Products (The U.S), and
• Grena LTD (UK).

Market Dynamics

Decline pricing for market pick-up and strong technological developments are some of the key factors driving the demand for disposable laparoscopic instruments.

• Moreover, the rising demand for minimally invasive therapies and rise in awareness programs in developing countries further augments the market growth.
• However, the dearth of skilled laparoscopic surgeons as well as side effects associated with the surgery, and the high cost of disposable laparoscopic instruments are likely to hinder the industry growth.

Segments' Analysis

Product Trends

Based on product, the global disposable laparoscopic instruments market has been bifurcated into laparoscopic scissors, laparoscopic hooks, grasping forceps & dissectors, trocars, laparoscopic suction / irrigation devices, and others.

• Among these, the trocars segment witnessed the highest market share in 2020 and is likely to grow at a healthy CAGR during the forecast timeline.
• This is mainly ascribed to the benefits of trocars such as high efficiency, accuracy, and easing the surgical procedures by removing excess fluids.

Regional Trends

By region, the market in North America accounted for the largest market share in 2020 and is estimated to grow at a steady CAGR during the assessment period.

• This can be attributed to rising healthcare expenditure, advanced healthcare infrastructure, and improved healthcare infrastructure in the region are driving the market in North America.
• Moreover, the presence of key market players as well as strong funding for R&D activities further propels the regional growth.

COVID-19 Impact on Global Disposable Laparoscopic Instruments Market

The ongoing COVID-19 pandemic has negatively affected the disposable laparoscopic instruments industry. Government bodies across the globe are focusing to curb the COVID-19 with stringent measures, such as social distancing, nationwide lockdowns, and large-scale quarantine to prevent the spread of the coronavirus. Due to the outbreak of the coronavirus disease COVID-19, the clinic visits were either cancelled or postponed, which, in turn, hampered the market growth.

Critical Questions Answered in the Report

• What are the key trends in the global disposable laparoscopic instruments market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the global disposable laparoscopic instruments market?
• What are the key strategies adopted by the major vendors to lead in the global disposable laparoscopic instruments market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the Disposable Laparoscopic Instruments market hopes to have the greatest opportunity to convert-

• Disposable laparoscopic instruments companies
• Clinics
• Hospitals
• Pharmaceutical companies
• R&D organizations

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