Based on the recent market study performed by iData Research, over 13 million laparoscopic procedures are performed globally every year. Laparoscopy is a minimally invasive surgical procedure that allows a surgeon to access the inside of the abdomen and pelvis through small incisions, (5mm-15mm) eliminating the need for large incisions in the skin.
Laparoscopy, also known as keyhole surgery, helps diagnose and treat problems in the reproductive organs and can help find the cause of symptoms, such as pain or bleeding. Generally, laparoscopic approach is commonly used in various surgical procedures, including cholecystectomy, nephrectomy, adrenalectomy, bariatric surgery, anti-reflux, colectomy, appendectomy, hernia repair, and hysterectomy.
The number of global laparoscopic procedures continues to grow year after year as the open surgeries lose patient favorability. However, the continuing adoption of robotic-assisted procedures is expected to partially offset the growth of global laparoscopic procedures. Although COVID19 caused a significant decline in the laparoscopy procedure volumes, the laparoscopy market is expected to recover at an accelerated pace.
Laparoscopic Procedures Trends
Laparoscopy remains one of the most common minimally invasive techniques, providing benefits, such as faster patient recovery, fewer postoperative complications, and overall reduced surgical risk. In recent years, a key driver behind the growth of global laparoscopy procedure numbers has been a shift away from open surgeries. As laparoscopy offers faster recovery for patients, it becomes a very cost-effective solution for hospitals when compared to the open approach. Due to its cost-saving nature, laparoscopy is expected to become a gold standard across different specialties.
However, the continuing adoption of robotic surgery systems is expected to transform the laparoscopy market. As the open surgery market is being substituted by the minimally invasive approach, a portion of these procedures is anticipated to be performed via robotic-assisted approach. Additionally, the continuing growth in robotic surgeries is also expected to be partially fueled by the conversion from laparoscopic procedures, further limiting the growth of global laparoscopy market
The development of innovative products, including 5 mm laparoscopes and deflective tip laparoscopes, is expected to drive laparoscopy procedure volumes due to many clinical benefits of the new devices.For instance, advanced imaging and visualization technologies provide surgeons with reliable tissue analyses that are essential for laparoscopic procedures. Therefore, these products can be seen as stimulants for growth in the global laparoscopy market.
Impact os COVID19 on Laparoscopic Procedures
Due to COVID19 the majority of elective procedures, including laparoscopies, were postponed or canceled, some of the cases could not be delayed and had to be performed with additional precautions. These measures have decreased the number of laparoscopic procedures performed in 2020, which has impacted many related markets, such as the majority of disposable laparoscopic products.
Based on a multi-scenario analysis performed by iData Research, global laparoscopy market is expected to recover faster due to many clinical benefits laparoscopy provides.
However, open procedures are still more likely to be performed in emergency cases. Life-threatening conditions that require intervention, such as cancer-related surgeries and emergency procedures, are more likely to be prioritized over the average case of bariatric surgery. During the pandemic, the estimated cancellation rate of bariatric surgeries was the highest, at 85%. Overall, the annual laparoscopy procedure volume is expected to return to pre-pandemic levels in 2021, primarily driven by increased demand in late 2020 / early 2021 to address postponed procedures.
Laparoscopic Procedural Forecast
Despite the considerable decline in 2020, the growth trend is expected to continue over the forecast period with the introduction of innovative devices that will make laparoscopic procedures more efficient and improve clinical results. The laparoscopic procedures are estimated to see an overall increase of 1% by 2026 which takes into account the 19% drop from the COVID19 impacts in 2020.
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The total number of laparoscopic procedures will continue to grow due to demographic factors and increasing incidence rates of chronic diseases. In 2020, the global laparoscopic device market was valued at slightly over $12.2 billion and. is projected to reach nearly $15.6 billion in 2026.