The global laparoscopy devices market is segmented on the basis of product, application, end user, and region. By product, it is classified into laparoscopes, energy devices, insufflators, robot-assisted surgical systems, suction or irrigation systems, closure devices, hand instruments, access devices, accessories, and others. By application, it is categorized into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others. ?
Leading Laparoscopy Devices Market Players:
Braun Melsungen AG, Boston Scientific Corporation, ConMed Corporation, Johnson & Johnson, Karl Storz SE & CO. KG, Medtronic plc (Covidien), Olympus Corporation, Richard Wolf GmbH, Smith & Nephew plc, Stryker Corporation
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The global laparoscopy devices market was valued at $12,067.60 million in 2019, and is projected to reach $18,907.05 million by 2027, registering a CAGR of 5.8%. Laparoscopy is a minimally invasive procedure used to examine organs inside the abdomen or pelvic cavities by inserting a laparoscope through a small incision in the abdomen. A laparoscope comprises a long, thin tube with high-intensity light and high-resolution camera attached in the front. The camera transmits images to the monitor as it travels through the abdomen. Laparoscopy is used for diagnosis and treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids. Rise in cases of morbid obesity at global level is the major factor that drives the market growth. In addition, growth in bariatric surgeries performed globally to reduce weight enhances the market growth. As per data published by the American Society for Metabolic & Bariatric Surgery (ASMBS), in 2018, the total number of bariatric surgeries performed in America alone were 252,000. However, dearth of skilled professionals and high cost of these devices restrain the market growth. Furthermore, increase in adoption of robot-assisted laparoscopic surgeries and introduction of innovative laparoscopic devices in the market offer lucrative opportunities for the market growth.
General surgery application is further classified into cholecystectomies, hernia repairs, appendectomies, anti-reflux surgeries, and others, whereas bariatric surgery application is classified into gastric bypass, sleeve gastrectomy, gastric banding, and others. Furthermore, on the basis of end user, it is divided into hospitals, clinics, and others.
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Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America has accounted for the highest market share in 2019, and is expected to retain its dominance throughout the forecast period. This is attributed to factors such as technologically advanced laparoscopy surgeries and significant increase in bariatric surgeries due to high number of obese populations. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions.
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Table of Content:
Competition Analysis by Players
Company (Top Players) Profiles
Laparoscopy Devices Market Size by Type and Application
US Market Status and Outlook
EU Development Market Status and Outlook
Japan Market Development Status and Outlook
China Market Status and Outlook
India Laparoscopy Devices Market Status and Outlook
Southeast Asia Market Status and Outlook
Market Forecast by Region, Type, and Application
Market Effect Factor Analysis
Research Finding/ Conclusion
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