Market Size of Global 3D Laparoscopy Imaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.50 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
3D Laparoscopy Imaging Market Analysis
The 3D laparoscopy imaging market is expected to register a CAGR of nearly 4.5% over the forecast period (2022-2027).
With the outbreak of COVID-19, 3D laparoscopy procedures have seen renewed focus as studies have shown that patients who had undergone bariatric surgeries had a lower risk of hospital and intensive care unit (ICU) admissions. According to the study titled "Association of prior metabolic and bariatric surgery with the severity of coronavirus disease (COVID-19) in patients with obesity" published in the Surgery for Obesity and Related Diseases in January 2021, researchers at the Cleveland Clinic commissioned a study and they came up with the above observation that patients with severe obesity who have histories of metabolic surgery have SARS-CoV-2 infections that are less severe, as shown by lower risks of hospital and ICU admission. This is likely to increase the demand for bariatric procedures, which will eventually positively affect the demand for 3D laparoscopy devices. Moreover, according to the study titled "Laparoscopic Gastrointestinal Surgery During COVID-19 Pandemic: Single-Center Experience" by Bhavin Patel in April 2021, laparoscopic procedures have decreased as a result of the COVID-19 era, making it a risky procedure due to a potential risk of viral transmission. Therefore, a decline in laparoscopic surgery could hinder the laparoscopy imaging market. Consequently, the market was significantly impacted during COVID-19.
The factors driving market growth include increasing preference for and advancements in 3D imaging technology, increase in obesity and rising demand for bariatric surgeries, and rising demand for minimally invasive procedures.
According to the study titled "Must Clinics Replace 2D by 3D Environments for an Efficient Training of Laparoscopic Novices? A Critical Analysis of the Learning Curve for Basic Skills" published in the Frontier in Surgery in January 2022, in a straightforward standardized test, laparoscopic novices showed a significant difference between 2D and 3D technology in performance time and error rate. Thus, surgeons may continue to receive training in both methods in the future. Thus, the growing adoption of 3D technology by the surgeon is anticipated to drive the growth of the market.
In addition, the market is growing as a result of the rising prevalence of obesity and the demand for bariatric surgery. According to the World Health Organization in June 2021, there were 39 million under-five years old kids who were overweight or obese in 2020.Overweight and obesity, once thought to be a problem only in high-income nations are now becoming more prevalent in low- and middle-income nations as well, especially in urban areas. Moreover, World Obesity Atlas March 2022 published by the World Obesity Federation, predicts that by 2030, one billion people worldwide, including one in five women and one in seven men, will have obesity. As a result, the market for 3D laparoscopy imaging market is anticipated to grow over the projection period due to the rising prevalence of obesity and the increased need for the procedure.
In addition, a conventional laparoscopic camera consists of only a 2-Dimensional (2D) system and although there is an improvement in graphics from a high definition (HD) system, there is still a lack of depth and spatial perception. 3-Dimensional (3D) systems can potentially improve laparoscopic training by eliminating the need to overcome the loss of stereoscopic vision likely to affect market growth positively. For instance, in January 2020, Karl Storz SE & Co. KG launched a new 3D surgical imaging system with a modular camera platform. The new system allows for better visualization of microsurgical and open interventions in different surgical fields.
Thus, all aforementioned factors are anticipated to boost the market growth over the forecast period. However, the high costs associated with the products restrain the market growth.
3D Laparoscopy Imaging Industry Segmentation
The 3D view provides depth perception and correct measurement of the dimensions of the anatomical spaces contributing to increasing the skills of the laparoscopic surgeon to turn tissues, dissect, design surgical strategies, and perform intracorporeal sutures. 3D imaging is a novel technology in laparoscopic surgery, and recent studies have shown that modern 3D techniques are superior in an experimental setting. 3D imaging in laparoscopy offers various advantages by improving coordination, spatial awareness, and timing in comparison to traditional 2D imaging. The 3D laparoscopy imaging market is segmented by Application (Gynecological Surgery, Bariatric Surgery, Urological Surgery, and Other Applications), End User (Hospitals, Ambulatory Surgical Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
By Application | |
Gynecological Surgery | |
Bariatric Surgery | |
Urological Surgery | |
Other Applications |
By End User | |
Hospitals | |
Ambulatory Surgical Centers | |
Other End Users |
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Global 3D Laparoscopy Imaging Market Size Summary
The 3D laparoscopy imaging market is poised for growth, driven by advancements in imaging technology and an increasing preference for minimally invasive procedures. The market's expansion is supported by the rising prevalence of obesity and the subsequent demand for bariatric surgeries, as these procedures benefit from the enhanced visualization and precision offered by 3D imaging systems. The COVID-19 pandemic has highlighted the importance of bariatric surgeries, as studies indicate that patients with a history of such surgeries experience less severe COVID-19 infections. This has led to a renewed focus on bariatric procedures, thereby boosting the demand for 3D laparoscopy devices. However, the market faced challenges during the pandemic due to a decline in laparoscopic surgeries, which were perceived as risky due to potential viral transmission.
North America is expected to dominate the 3D laparoscopy imaging market, driven by a growing preference for laparoscopic over open surgery and increased awareness of minimally invasive procedures' benefits. The market is characterized by moderate competition, with key players like Olympus Corporation, Karl Storz SE & Co. KG, and Siemens Healthineers holding significant market shares. Technological advancements, such as the introduction of modular camera platforms and enhanced imaging systems, are anticipated to further propel market growth. The rising demand for 3D imaging in bariatric and urologic surgeries, coupled with the increasing prevalence of obesity, particularly in developed regions, is expected to drive the market's expansion over the forecast period.
Global 3D Laparoscopy Imaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Preference for and Advancements of 3D Imaging Technology
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1.2.2 Rise in Obesity and Increase in Demand for Bariatric Surgeries
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1.2.3 Rising Demand for Minimally Invasive Procedures
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1.3 Market Restraints
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1.3.1 High Cost Associated with the Products
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Application
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2.1.1 Gynecological Surgery
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2.1.2 Bariatric Surgery
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2.1.3 Urological Surgery
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2.1.4 Other Applications
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Ambulatory Surgical Centers
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Global 3D Laparoscopy Imaging Market Size FAQs
What is the current Global 3D Laparoscopy Imaging Market size?
The Global 3D Laparoscopy Imaging Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Global 3D Laparoscopy Imaging Market?
Olympus Corporation, Karl Storz SE & Co. KG, Somatech Inc., B. Braun Melsungen AG and Siemens Healthineers are the major companies operating in the Global 3D Laparoscopy Imaging Market.