Global Laparoscopy Devices Market is expected to reach $17.7 Billion by 2024 from $9.8 Billion in 2016, growing at a CAGR of 7.6% from 2016 to 2024. Laparoscopy is an operation executed in the pelvis or abdomen through small openings with the help of a camera. It is a minimally invasive surgical diagnostic method used to examine organs inside abdomen, which is carried out with specialized laparoscopic devices. There are numerous benefits to the patient with laparoscopic surgery versus an open procedure. These include reduced pain owing to smaller incisions and hemorrhaging, and shorter recovery time.
Global Laparoscopy Devices Market Size and Forecast,2015–2024(US$ Billion)
The growth of global laparoscopy devices is mainly driven bygrowing number of laparoscopic procedures performed globallyowing to rising demand of minimally invasive surgical procedures, and continuous technological advancements in energy devices and laparoscopes. Additionally, rise in prevalence of colorectal cancer and obesity and rising geriatric population have also supported the market growth. However, lack of trained professionals for laparoscopic procedures and post-operative risks associated with laparoscopy are the major hindrance for the market growth. Moreover, increase in adoption of robot-assisted laparoscopic surgeries and introduction of innovative laparoscopic devices is expected to pose numerous growth opportunities for the market in the coming future.
The global laparoscopy devices market is mainly classified on the basis of product, application, end-user, and geography. On the basis of product, the classification includes female sterilization devices, laparoscopes, insufflation devices, suction/irrigation devices, laparoscopic adjustable gastric band (LAGB), hand held instruments, access devices, direct energy devices, and internal closure devices. By application, the segment is bifurcated into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and other applications. The end-user segment comprises hospitals, clinics, and other end-users.
Global Laparoscopy Devices Market, by Application
Based on geographical analysis, the laparoscopy devices market is classified 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 consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Global Laparoscopy Devices Market Regional Revenue % (2016 Vs 2024)
Key players operating the global market include B. Braun Aesculap, Karl Storz GmbH & Co.KG, Medtronic plc, Olympus Corporation, Richard Wolf GMBH, Ethicon, Inc., Stryker Corporation, Cook Medical Incorporated, Smith & Nephew PLC, and ConMed Corporation among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Laparoscopy Devices Market with respect to major segments such as product, application, end-user, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Laparoscopy DevicesMarket has been included in the report
- Profile of the key players in the Global Laparoscopy DevicesMarket will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Laparoscopy market
- Female Sterilization Devices
- Insufflation Devices
- Suction/Irrigation Devices
- Laparoscopic Adjustable Gastric Band (LAGB)
- Hand Held Instruments
- Access Devices
- Direct Energy Devices
- Internal Closure Devices
- General Surgery
- Bariatric Surgery
- Gynecological Surgery
- Urological Surgery
- Colorectal Surgery
- Other Applications
- Other End users
- North America
- Asia Pacific
- South Korea
- South America
- Middle East
Global Laparoscopy Devices Market Primary Interviews, by Geography