According to the latest report published by Variant
Market Research, the global laparoscopy
devices market size was valued at $9.8
Billion in 2016 and is estimated to reach
$17.7 Billion by 2024. In this report, the global Laparoscopy Devices Market
forecast says that the global market is growing at a CAGR of 7.6% from 2016 to
2024.
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Incessant technological advancements in
laparoscopes fuels the global laparoscopy devices market
The major laparoscopy devices market trend are continuous technological
advancements in energy devices and laparoscopes and rising number of
laparoscopic surgeries performed globally owing to surging demand of minimally invasive
surgical techniques. Additionally, increasing geriatric population, and growing
occurrence of colorectal cancer and obesity are also supporting the growth of
the market. However, lack of trained professionals for these procedures is the
restrain that would hamper the market growth. Further, increasing acceptance of
robot-assisted laparoscopic surgeries and overview of innovative laparoscopic
devices would unfold attractive business opportunities.
Market Segmentation
The major segments considered in the global laparoscopy devices market
are product, application, end-user and geography. Product segment is classified
into laparoscopic adjustable gastric band (LAGB), laparoscopes female sterilization
devices, insufflation devices, suction/irrigation devices, hand held
instruments, access devices, internal closure devices and direct energy devices.
Application segment comprises gynecological surgery, general surgery, bariatric
surgery, colorectal surgery, urological surgery, and other applications. Further,
the end-user segment is bifurcated into clinics, hospitals, and other
end-users.
By geography, the global laparoscopy
devices market has been segmented into North America, Europe, Asia-Pacific and
Rest of the World (RoW). North America is further bifurcated in U.S., Canada,
and Mexico whereas Europe covers Russia Italy, Germany, UK, and Rest of Europe.
Asia-Pacific is categorized into Japan, China, India, south Korea and Rest of
Asia-Pacific, while Rest of the World is bifurcated into Middle East, South
America, and Africa.
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Direct Energy Devices contributed for the
largest market share in the product type segment
Direct energy devices segment is projected to account for the foremost
share of the laparoscopic devices market in the year 2016 driven by the
advancement in technology presented in these products by major key players.
General surgery, by application segment led
the maximum market share in 2016
General surgery occupied the major market share in 2016, in the
application segment, driven by its wide usage in surgeries such as
cholecystectomies, hernia repairs antireflux surgeries and appendectomies.
Hospitals dominated the primary share in the
end-user segment in 2016
In the end-user segment, hospitals segment occupied the maximum share in
2016, attributed to increase in demand for minimal invasive surgeries (MIS) and
upsurge in governmental initiatives to advance the healthcare facilities.
North America dominated the leading share in
the global laparoscopy devices market
In the year 2016, North America generated the highest revenue accounting
for 36% of the global laparoscopy devices market share. In terms of growth,
Asia-Pacific is likely to grow with fastest CAGR of 8% throughout the forecast period
2016 – 2024, owing to the development in healthcare amenities, rapid emerging
economic circumstances, obtainable disposable income. Moreover, countries like
Jamaica, South Africa, Trinidad & Tobago, Mauritius, and Ireland are
witnessing a high demand in the laparoscopy devices market.
Competitive Landscape
Key players profiled in the report include ConMed Corporation, Smith
& Nephew PLC, Stryker Corporation, Olympus Corporation, Karl Storz GmbH
& Co.KG, B. Braun Aesculap, Richard Wolf GMBH, Cook Medical Incorporated,
Medtronic plc and Ethicon, Inc. among others.
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Scope of the Global
Laparoscopy market
Product Segments
Application Segments
End-User Segments
Geographical Segments:
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