Laparoscopic Power Morcellators Market Size

Laparoscopic Power Morcellators Market Size & Share to 2027

Global Laparoscopic Power Morcellators Market By Application (Hysterectomy, Myomectomy and Other Applications), By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027

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Published Date : July-2021 | Number of Pages : 103 | Format : PDF

COVID-19

Get in-depth analysis of the COVID-19 impact on the Laparoscopic Power Morcellators Market

Market Report Description

The Global Laparoscopic Power Morcellators Market size is expected to reach $176.2 Million by 2027, rising at a market growth of 8.4% CAGR during the forecast period. Laparoscopic power morcellators are included in Class II medical devices. It acts as a surgical procedure which is used for reducing the size of the myomas or uterus by making small pieces to allow the tissues to be eliminated with the help of small incisions (generally 2 cm long or less).

Laparoscopic power morcellators are considered as the devices that are commonly used in liver, gallbladder, kidney, and spleen removal surgery. Therefore, they find application in hysterectomy and myomectomy. Hysterectomy is a surgical procedure where a woman's uterus is removed and in myomectomy, noncancerous growths such as uterine fibroids are removed from a woman's uterus.

Based on recent publications, it is estimated by FDA that a hidden uterine sarcoma can be there in the uterus in approximately 1 in 580 women who undergo surgery for uterine fibroids. The surgical procedures done by using laparoscopic power morcellators are minimally invasive surgical procedures. This procedure has comparatively lesser risk of infection than open abdominal surgery. At the same time, the post-operative recovery period is also very short. Though, when laparoscopic power morcellators are used in myomectomy or hysterectomy procedures, it increases the risk of spreading unsuspected cancer in the abdomen and pelvis away from the uterus. With increasing age, the risk of unsuspected cancer also increases mainly in women above the age of 50 years.

Laparoscopic Power Morcellators Market Size - Global Opportunities and Trends Analysis Report 2021-2027

COVID-19 Impact Analysis

The sudden outbreak of COVID-19 outbreak forced global implementation of strict measures to curb the spread of the virus. This led to a drastic cancellation or postpone of elective surgeries including myomectomy and hysterectomy procedures across the globe. During this pandemic, medical device manufacturing facilities, global distributors, and suppliers have been adversely affected in several countries. Though, these postponed surgical procedures are expected to be in pipeline once cases of COVID-19 start decreasing. The laparoscopic power morcellators market is anticipated to revive and grow at a significant rate over the forecast period.

The outbreak of the COVID-19 has a moderate impact on the laparoscopic power morcellators. This is due to postpone or cancellation of various elective surgeries such as hysterectomy/myomectomy. As many hospitals prioritize the treatment of COVID-19 patients, so they decided to close the outpatient facilities.

This was also important to limit the spread of the disease. This, in turn, has restricted the usage of surgical devices in hospitals during the pandemic. However, guidelines were issued by the European Society for Gynecological Endoscopy and the American Association of Gynecologic Laparoscopists that declared that minimally/non-invasive surgery can be performed in case of emergency. As the cases of COVID-19 are decreasing, the restrictions on elective procedures have been released to a certain extent in most of the countries. It is likely to drive the market for laparoscopic power morcellators during the forecast period and the market will continue to witness a considerable growth rate after the pandemic.

Laparoscopic Power Morcellators Market Share and Industry Analysis Report 2021-2027

Application Outlook

Based on Application, the market is segmented into Hysterectomy, Myomectomy and Other Applications. The hysterectomy segment emerged as the dominating segment in the laparoscopic power morcellators market. This segment has procured the largest revenue share of the market in 2020. This procedure is the most preferred and the proven permanent solution for uterine fibroids, thus, contributing to the growth of the segment.

The hysterectomy can permanently remove uterine fibroids from the body. However, pregnancy is not possible following this procedure. For instance, according to the Journal of Obstetrics and Gynecology Canada (JOCG), in Canada, there are more than 41,000 hysterectomies performed per year. Therefore, the increasing hysterectomy surgeries are acting as a positive factor for the segment growth over the forecast period.

Laparoscopic Power Morcellators Market Report Coverage
Report Attribute Details
Market size value in 2020 USD 95.4 Million
Market size forecast in 2027 USD 176.2 Million
Base Year 2020
Historical Period 2017 to 2019
Forecast Period 2021 to 2027
Revenue Growth Rate CAGR of 8.4% from 2021 to 2027
Number of Pages 103
Number of Tables 170
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling
Segments covered Application, Region
Country scope US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • Simple approaches to laparoscopic power morcellators
  • Rising incidence for uterine fibroid among patients
Restraints
  • Potential side effects

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. APAC region would be the fastest-growing regional market in the global laparoscopic power morcellators market throughout the forecast period. The patient pool who is suffering from various disorders like endometritis, uterine fibroids, and abnormal bleeding is continuously increasing in this region. This has resulted in increased demand for myomectomy and hysterectomy surgeries. All these factors are contributing to the increased demand for laparoscopic power morcellators in this region during the forecast period.

Free Valuable Insights: Global Laparoscopic Power Morcellators Market size to reach USD 176.2 Million by 2027

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Karl Storz SE & Co. KG, Cook Medical, Inc. (Cook Group), Olympus Corporation, Johnson and Johnson, Lina Medical, Nouvag AG, Rudolf Medical GmbH, OWA- Electronic GmbH & Co. KG, and Richard Wolf GmbH.

Scope of the Study

Market Segments Covered in the Report:

By Application

  • Hysterectomy
  • Myomectomy
  • Other Applications

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Medtronic PLC
  • Karl Storz SE & Co. KG
  • Cook Medical, Inc. (Cook Group)
  • Olympus Corporation
  • Johnson and Johnson
  • Lina Medical
  • Nouvag AG
  • Rudolf Medical GmbH
  • OWA- Electronic GmbH & Co. KG
  • Richard Wolf GmbH

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Related Reports:

North America Laparoscopic Power Morcellators Market Report 2021-2027

Europe Laparoscopic Power Morcellators Market Report 2021-2027

Asia Pacific Laparoscopic Power Morcellators Market Report 2021-2027

LAMEA Laparoscopic Power Morcellators Market Report 2021-2027

FREQUENTLY ASKED QUESTIONS (FAQ):

The global laparoscopic power morcellators market size is expected to reach $176.2 Million by 2027.

Rising incidence for uterine fibroid among patients are driving the market in coming years, however, Potential side effects have limited the growth of the market.

Medtronic PLC, Karl Storz SE & Co. KG, Cook Medical, Inc. (Cook Group), Olympus Corporation, Johnson and Johnson, Lina Medical, Nouvag AG, Rudolf Medical GmbH, OWA- Electronic GmbH & Co. KG, and Richard Wolf GmbH.

The expected CAGR of the laparoscopic power morcellators market is 8.4% from 2021 to 2027.

Surgical procedures are expected to be in pipeline once cases of COVID-19 start decreasing. The laparoscopic power morcellators market is anticipated to revive and grow at a significant rate over the forecast period.

Based on region, North America emerged as the dominating market in laparoscopic power morcellators by obtaining the largest revenue share in 2020.

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