According to the research report titled ‘Laparoscopic Instruments Market Size By Product, By Application, By End-use, Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global laparoscopic instruments market is estimated to amass notable revenues by the year 2026.
 

Increasing adoption of laparoscopic procedures for pediatric surgery, bariatric surgery, and colorectal surgery along with technological advancements in instruments are expected to drive the growth of global laparoscopic instruments market in the forthcoming years. On the downside, high cost of the device and strict healthcare regulations are the major factors restraining the market growth.
 

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Based on product terrain, global laparoscopic instruments market is segmented into access devices, laparoscopic accessories, insufflators, closure devices, hand instruments, suction systems, energy devices, and laparoscopes. Among these, insufflators segment was valued at USD 777.3 million in 2019 and is expected to growth with a CAGR of 11.4% over the forecast period. While, suction systems segment was worth USD 440.6 million in 2019 and is anticipated to witness a growth rate of 11.8% through 2026.
 

The report cites that closure devices segment accounted for USD 1,003.3 million in 2019 and is likely to record a y-o-y growth rate of 11.6% over the analysis timeline. Also, hand instruments segment was remunerated at USD 694.7 million in 2019 and is poised to grow at 11.3% CAGR during 2020-2026.
 

In terms of application spectrum, the market is bifurcated into pediatric surgery, colorectal surgery, general surgery, urological surgery, bariatric surgery, and gynecological surgery. Laparoscopic instruments market share from urological surgery segment accounted for USD 1,565.5 million in 2019 and is anticipated to register a CAGR of 9.7% over the projected timeline. The bariatric surgery application segment was valued at $514.7 million in 2019 and is expected to grow with a CAGR of 15.3% through 2026.
 

From a regional frame of reference, laparoscopic instruments market in Latin America was valued at USD 269.5 million in 2019 and is projected to expand at 11.8% CAGR over the ensuing years. Parallelly, Middle East & Africa market was worth USD 187.5 million in 2019 and is reckoned to 11.5% growth rate during 2020-2026.
 

Key players operating in global laparoscopic instruments market are Stryker Corporation, Ethicon Inc. (Johnson & Johnson), Medtronic Plc (Covidien), Apollo Endosurgery, Intuitive Surgical Inc., Microline Surgical Inc., Boston Scientific Corporation, Cook Medical Inc., Aesculap Inc., Karl Storz GmbH, Olympus Corporation, ConMed Corporation, Smith & Nephew Inc., and Richard Wolf GmbH.