Decline in Volume for Global Elective Surgeries Impacts $13.7 Billion Laparoscopic Devices Market – New Study by iData Research

Vancouver, British Columbia, Oct. 19, 2020 – iData Research, a global consulting and market research firm, has published new research in the laparoscopic devices and accessories market, addressing the negative impact of COVID-19 in 2020 and beyond. The recent publication provides extensive insights into the global market for devices and accessories based on laparoscopic procedures in over 60 countries and seven global regions.

According to iData’s Global Report for Laparoscopic Devices and Accessories, the global procedure volume for open and laparoscopic surgeries topping 25 million in 2019, has had a sharp decline in 2020 due to the postponement or cancellation of elective surgeries. The full analysis shows best- and worst-case scenarios and how companies could navigate these uncertain times. The procedure analysis in the report also compares trends between open and laparoscopic approaches, and exhibits the countries and regions in the world which will gain or lose momentum over the forecast period due to the pandemic. For example, the vast majority of procedures are performed in the Asia-Pacific region, followed by those in North America, Western Europe, Latin America, Central and Eastern Europe, Middle East and Africa.

The report also analyses the shift away from open to laparoscopic surgeries and the impact of robotic-assisted surgeries across different specialties.

“The segments which are impacted the most but are also responsible for the growth of this market globally, over the forecast period”, says Dr. Kamran Zamanian, Senior Partner and CEO of iData Research, “are Closure Devices, Ultrasonic Devices and Hand Instruments.”

Among the many competitors affected by this market world-wide, Medtronic, Ethicon and Olympus are the leaders by varying market shares, followed by Karl Storz and Applied Medical. Stryker, Becton Dickinson, ConMed, and B.Braun are trailing the leaders by a substantial margin, pushing for a larger share of the global market. There are over 40 other competitors analysed in this report which have one or more products offered in this space.

To accurately estimate market shares, units sold, average selling prices, product segments and brands as well as procedural volumes, iData Research uses its proprietary databases, and hospital purchase order data to complement its primary and secondary research initiatives.

Follow the link below to request a Free Research Summary of the Global Market Report for Laparoscopic Devices and Accessories:


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