Laparoscopy is a minimally invasive surgical technique in which surgeons operate on abdominal or pelvic cavities through small incisions, usually ranging from 5 mm to 15 mm. Upon completing laparoscopic surgery, closure devices close the vessels and other internal wounds to enhance hemostasis. Every segment of the laparoscopic device market, including closure devices, more or less correlates with the number of procedures performed annually. The outbreak of the novel coronavirus disease (COVID-19) at the end of 2019 and the beginning of 2020 has led to an unprecedented global crisis, heavily impacting the number of laparoscopic procedures performed globally.
What is the purpose of closure devices, and what are the different types of closure devices?
As briefly mentioned above, surgeons use closure devices towards the end of laparoscopic surgery to manage wound closure. iData’s analysis includes laparoscopic staplers, endosuturing, and clip applier closure devices. Laparoscopic staplers can be disposable or reusable and are used in both open and laparoscopic procedures. Alternatively, endosuturing utilizes the needle-thread method of manual knotting. In comparison to the other wound closure methods, endosuturing ensures secure fastening of the tissue. Lastly, clip appliers are used predominantly during cholecystectomy procedures. Clip appliers attach to either end of a section of malignant tissue to minimize bleeding.
What is the global market growth and the largest market segment?
Overall, iData’s analysts predict that the global closure device market will increase into 2026 and reach approximately $6.3 billion. Despite the future growth projections, the global market significantly decreased in 2020. Largely, this decrease was due to COVID-19 and the delays in elective surgeries. Because surgeries and procedures directly influence the market growth, the increasing number of these into 2026 appears to be the main driver of the market.
Furthermore, the largest market segment is the laparoscopic stapler segment. Surgical stapling is known as a technological advancement of closure techniques as it offers time-saving benefits. Although staplers are less complicated than the endosuturing technique, the use of these staplers requires that the surgeon have endosuturing experience. Despite the procedural volume decline in 2020, laparoscopic staplers will remain the dominant segment. The continuing adoption of minimally invasive and robotic-assisted surgeries will drive growth for laparoscopic staplers.
Which procedures use closure devices, and how many do surgeons perform per year?
Bariatric surgery is one of the procedures that heavily relies on closure devices. Interestingly, this surgery will drive the closure device market, as certain procedures require the extensive use of closure staples. Two of the most common bariatric surgery procedures include sleeve gastrectomy and gastric bypass. Additionally, iData’s analysis includes two subsequent bariatric procedures, laparoscopic banding, and intragastric balloon placement.
Historically, surgeons perform over 800,000 bariatric surgeries each year across the globe. However, this number decreased by 15% into 2020 due to the delays in elective surgeries. Nevertheless, iData’s analysts expect an increase in all laparoscopic procedures, including bariatric procedures, by 2026. The increase in surgeries will be due to the innovative devices making laparoscopic procedures more efficient, more trustworthy with better clinical results, and preventative against infections.