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International Laparoscopy Device Market 2018 Estimation and Forecasts up to 2023
By bhagyashri.bhole on April 15 2019 | 583 Views
The Global Laparoscopy Device Market is expected to reach an approximate CAGR of 7.2% during the forecast period.
The global laparoscopy devices market is expected to exhibit a robust 7.2% CAGR over the forecast period from 2018 to 2023, according to a new research report from Market Research Future (MRFR). The growing demand for minimally invasive medical procedures and the growing efficiency of laparoscopic procedures are likely to be the key drivers for the global laparoscopy devices market over the forecast period.
Laparoscopy procedures are performed with a fiber-optic instrument, which is inserted into the abdominal wall to view the internal organs in the abdominal cavity. Small surgical procedures can also be performed with laparoscopy devices, although it’s not their primary remit. The demand for laparoscopy devices is mainly driven by the growing demand for effective imaging for diagnostic purposes in diseases such as urinary diseases, gynecological diseases, cancer, and other chronic diseases. Since laparoscopy consists of physically moving a camera up to the location of the disease, it provides better imaging results than other imaging modalities, which is likely to drive the demand from the laparoscopy devices market over the forecast period.
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The growing prevalence of colorectal cancer and gynecological disorders is likely to be a major driver for the laparoscopy devices market over the forecast period. According to the CDC, more than two-thirds of all Americans in the age group of 50-75 were screened for colorectal cancer in 2016, leading to a consistent demand for laparoscopy devices. The growing prevalence of colorectal cancer is thus likely to be a major driver for the laparoscopy devices market over the forecast period. The growing demand for rapid and precise diagnostics and the rising innovation in the laparoscopy devices market, leading to the development of more advanced and more effective models, are likely to be major drivers for the global laparoscopy devices market over the forecast period.
Key Players for Global Laparoscopy Device Market
Market Research Future (MRFR) recognizes the following companies as the key players in Laparoscopy Device Market: There are plenty of large and small market players which operate in this market all over the globe.
Leading players in the global laparoscopy devices market include Stryker Corporation, Karl Storz GmbH & Co. KG, WISAP Medical Technology GmbH, Mediflex Surgical Products, Richard Wolf GmbH, Smith & Nephew plc, Medtronic plc, Vimex Endoscopy, Scholly Fiberoptic GmbH, Johnson & Johnson Medical, Boston Scientific Corporation, Olympus Corporation, B. Braun Melsungen AG, Schindler, ConMed Corporation, and Integra Inc.
Segments for Global Laparoscopy Device Market
The global laparoscopy device market is segmented on the basis of product, application, end user, and region.
By product, the laparoscopy device market is segmented into laparoscopes, energy devices, insufflators, robot-assisted surgery systems, suction or irrigation systems, closure devices, hand instruments, access devices, accessories, and others.
On the basis of application, the global laparoscopy devices market is segmented into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others. The general surgery segment is further sub-segmented into cholecystectomies, hernia repairs, appendectomies, anti-reflux surgeries, and others. Bariatric surgery is further subdivided into gastric bypass, sleeve gastrectomy, gastric banding, and others. The gynecological surgery segment is further categorized into ovarian cystectomy, oophorectomy, myomectomy, hysterectomy, biopsy, and others.
On the basis of end user, the global laparoscopy devices market is segmented into hospitals and clinics, ambulatory surgical centers, laparoscopic centers, and others.
Regional Analysis for Global Laparoscopy Device Market
The Americas dominated the global market for laparoscopy devices in 2017. This can be attributed to the rising prevalence of endometrial cancer. Removing the uterus is the main treatment for women suffering from endometrial cancer. This is done by laparoscopy, a minimally invasive approach which shortens the recovery time. The American Cancer Society predicted that in 2018, there will be 63,230 new cases of endometrial cancer diagnosed. Such high incidence of endometrial cancer influences the market growth.
Europe (UK, Belgium, France, and Netherlands) is the second largest in the market owing to the increasing prevalence of urology diseases. French and German urologists have developed expertise in laparoscopic treatments of urological disease and tumors. According to the Cancer Research UK, in 2015, there were 12547 newly diagnosed cases of kidney cancer. This influences the market growth in this region.
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Asia-Pacific is expected to observe the fastest growth for the global laparoscopy device market owing to the rising number of patient population and increase in adoption of medically advanced devices. The Middle East and Africa accounts for the least share due to stringent government policies and poor economies.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
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