endomechanical suture and curved needle technologies. The manufactures need to improve the
design of the non-invasive surgery robots, reduce the expense and size, which could favor the
growth of the market.
Minimally invasive surgery is in high demand among patients and healthcare practitioners owing to
better effectiveness and faster recovery. Manufacturers are therefore working in the direction to
improve accessibility to minimally invasive surgery devices and techniques. For instance, Verily
Life Sciences LLC in collaboration with Johnson & Johnson, formed Verb Surgical Inc., in March
2015. Verb Surgical focuses on developing a comprehensive surgical solutions platform to improve
access to minimal invasive surgery.
Increasing preference for minimally invasive surgeries is expected to fuel growth of the global
laparoscopic devices market
North America accounted for the largest share in the global laparoscopic devices market, followed
by Europe in 2016. This is attributed to increasing awareness related to laparoscopy and presence of
trained surgeons in North America. According to Surgical Endoscopy Journal in 2013, surgeons are
using minimally invasive surgical techniques, primarily laparoscopy, and robotic surgery to perform
procedures that were previously done as open surgery. For instance, surgeons perform
cholecystectomy, laparoscopically in 96% of the cases in U.S.
In 2014, companies based in China and the U.K. collaborated and signed US$ 3.0 Bn healthcare
trade deals for research, hospital construction, training, and diagnostics. As per the agreement,
U.K.-based organizations such as Annie Barr, Glasgow Caledonian University, and Kings College
London are expected to train Chinese healthcare professionals from Nanjing, Beijing, Shanghai,
Chengdu, and Shenzhen, as a part of the Chinese government plan to train around 150,000 doctors
and 2 million nurses by 2020, which in turn will fuel growth of the laparoscopic devices market.
Key Players:
Some of the major players operating in the laparoscopic devices market includes
• Stryker Corporation,
• Johnson & Johnson,
• Karl Storz GmbH & Co.KG,
• Boston Scientific Corporation,
• Medtronic PLC. (Covidien),
• Olympus Corporation,
• Richard Wolf GmbH,
• ConMed Corporation,
• B. Braun Melsungen AG,
• Smith & Nephew PLC.
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Detailed Segmentation:
•Global Laparoscopic Devices Market, By Product Type: