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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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.
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.
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.
|Market size value in 2020||USD 95.4 Million|
|Market size forecast in 2027||USD 176.2 Million|
|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|
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:
- Other Applications
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- 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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What would be the size of the laparoscopic power morcellators market by 2027?
The global laparoscopic power morcellators market size is expected to reach $176.2 Million by 2027.
What are the key driving factors and challenges in the laparoscopic power morcellators market?
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.
Who are the leading players in the laparoscopic power morcellators 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.
At what CAGR is the laparoscopic power morcellators market estimate to grow in the forecast period?
The expected CAGR of the laparoscopic power morcellators market is 8.4% from 2021 to 2027.
What has been the impact of COVID-19 on the global laparoscopic power morcellators market?
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.
Which region dominated the laparoscopic power morcellators market in 2020?
Based on region, North America emerged as the dominating market in laparoscopic power morcellators by obtaining the largest revenue share in 2020.