Insufflation Devices Market Size, Share & COVID-19 Impact Analysis | Global | 2020-2026 | MedCore | Includes: Insufflators, Insufflation Tubing & Veress Needles
- Year: 2020
- Scope: 10 Years
- Region: Global
- Pages: 136
- Type: MedCore
The global insufflation devices market size is expected to reach over $920 million by 2026, with the insufflator market segment showing the highest growth. Currently, the majority of the global market share is controlled by Karl Storz, Stryker, and Olympus.
The global insufflation device market comprises insufflators (or insufflation consoles), insufflation tubing and Veress needle products. The console is the capital component of the insufflation device market and generates the most revenue per unit. The estimated service life of this console is 7 to 9 years. Newer multiple-mode adaptive devices are already gradually replacing older generations of the regular insufflation units, driving the market demand forward. Due to the growing demand in pediatric laparoscopy over the last decade, more insufflators are also equipped with a pediatric mode.
Growth in the global tubing set market corresponds to the growing number of laparoscopic procedures and is primarily driven by unit sales. The higher prices of heating/humidified/smoke evacuation tubing are expected to drive growth in the market, fueled by the adoption of more advanced insufflation consoles. However, this market study project that the low-cost standard tubing and universal compatibility with a broad range of insufflators will remain the key limiter for the market in the next 6 years.
How Many Laparoscopic Procedures Are Performed Every Year?
Historically, there are over 13 million laparoscopic procedures performed each year across the globe. However, the procedure numbers saw a significant decline of over 15% in 2020 due to the impact of COVID19.
Through this study on the global insufflation devices market, iData Research has performed an analysis on the laparoscopic surgery volumes in order to increase the accuracy of our market sizing and provide you with the volume of procedures over a 10-year range and across 70+ countries.
How is COVID19 Impacting The Insufflation Device Market?
In 2020, the global insufflation devices market saw a minor decline of over 4% when compared to the valuation of $822 million in 2019. The global market is expected to reach its pre-COVID level in early/mid-2021 and fully recover.
At the end of March 2020, American and European professional associations released recommendations regarding the surgical response to the ongoing COVID19 pandemic. The recommendations were focused on the best practice for mitigating possible infectious transmission during surgical procedures. The document provided the working list of commercially available smoke evacuation systems, including the insufflation devices from Stryker, Olympus, Medtronic, and Others.
What Are The Top Insufflation Device Companies?
Currently, over 40% of the global insufflation device market share is controlled by Karl Storz, Stryker, and Olympus.
Strong competition between Karl Storz, Stryker, and Olympus has driven the global market for insufflation devices forward. While these companies are global leaders, their market positions vary from region to region. In North America, for example, Stryker continues to lead the insufflation device market, through the insufflator and tubing segments. The company’s success in the insufflator segment is attributed to the success of its video system, which is commonly bundled with insufflators. Karl Storz holds the second-leading position in the North American insufflation market, closely following Stryker in both the insufflator and tubing segments.
In Europe, on the other hand, Karl Storz is the leading competitor in the insufflation device market. The company offers the ENDOFLATOR® and THERMOFLATOR® devices, both of which are available with an integrated video system. Olympus holds the second-leading share of the European insufflation device market, through the strong sales of the UHI-4 High Flow™ and the UCR™ insufflation product lines.
Top Global Insufflation Device Companies Analyzed |
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Market Segmentation Summary
This market research takes a look at the largest segments within the global insufflation device market and provides a forecast of the Units Sold, Average Selling Prices, Market Sizes, and more. The segments included are:
- Insufflation Consoles Market | Global | 2020-2026
- Insufflation Tubing Market | Global | 2020-2026
- Veress Needles Market | Global | 2020-2026
Global Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela, and more) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K., and more) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine, and more) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, and more) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam, and more) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda, and more) |
| Base Year | 2019 |
| Forecast | 2020-2026 |
| Historical Data | 2016-2019 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Clinical Trials, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
CONTACT US FOR ADDITIONAL INFORMATION
For full segmentation and any questions regarding research coverage, please contact us for a complimentary demo of the full report.
Top Global Insufflation Device Companies Analyzed |
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iData’s 9-Step Research Methodology
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.
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Insufflation Devices Market Size, Share & COVID-19 Impact Analysis | Global | 2020-2026 | MedCore | Includes: Insufflators, Insufflation Tubing & Veress Needles
$4,995 – $8,995
iData’s global insufflation device market MedCore covers the consoles market, the tubing market, and the veress needle market. Medcores include a highly detailed and in-depth look at a segment in a market with all the associated sub- and sub-sub segments. iData MedCore reports allow users to delve deep into a specific market in order to obtain units sold, average selling prices (ASPs), market values, growth rates, a 10-year forecast including historical and future market estimates, and competitor market shares of any given market segment.
- 2020
- 10 Years
- Global
- 136
- MedCore
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