Overview

Laparoscopic Devices Market is predicted to value at a CAGR of over 5.8% during the forecast period 2022 to 2028.

Increase in the number of laparoscopic surgeries across the world due to the rising demand for surgical procedures that are minimally invasive, increased incidences of colorectal cancer, rise in the number of laparoscopic bariatric processes, advancements in the laparoscopy technology are some of the factors responsible for the growth of the market. According to the data provided by the American Society for Metabolic and Bariatric Surgery, 2018, the number of bariatric surgical procedures performed in the US were over 250,000. Such a high number of surgeries have propelled the proliferation of the market. However, increased inclination towards robotic surgeries as an option to laparoscopic processes and a lack of skilled healthcare professionals shall impede the laparoscopic devices market growth.

Major players included in the Laparoscopic Devices Market:
• B. 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
(Note: The list of the major players will be updated with the latest market scenario and trends)

Laparoscopic Devices Market Segmentation:
By Product
• Laparoscopes
• Energy Devices
• Insufflators
• Robot-Assisted Surgery Systems
• Suction or Irrigation Systems
• Closure Devices
• Hand Instruments
• Access Devices
• Accessories
• Others

By Application
• General Surgery
o Cholecystectomies
o Hernia Repairs
o Appendectomies
o Anti-Reflux Surgeries
o Others
• Bariatric Surgery
o Gastric Bypass
o Sleeve Gastrectomy
o Gastric Banding
o Others
• Gynecological Surgery
• Urological Surgery
• Colorectal Surgery
• Others

By End User
• Hospitals
• Clinics
• Others

By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The market is diversified into product, application, end user and region. The product segment is categorized into energy devices, laparoscopes, robot-assisted surgical system, closure devices, insufflators, suction or irrigation system. The energy devices used in laparoscopic processes consists camera heads, light sources, video processors & video convertors, wireless monitors and displays. The energy devices segment is predicted to hold the largest laparoscopic devices market share as they are primarily required in laparoscopic surgical procedures resulting in the development of advanced energy devices. The application segment is divided into bariatric surgery, general surgery, urological surgery, colorectal surgery, gynecological surgery and others. The general surgery segment is anticipated to lead the market due to rise in the number of gall bladder removal surgeries, patients diagnosed with hernia and increasing number of appendix surgeries. The end user segment is bifurcated into clinics, hospitals and others. The hospitals segment led the market owing to advancements in healthcare infrastructure and rising number of hospitals in developing nations.

Laparoscopic Devices Market Video Sample:

Regional Analysis:

The North America region is anticipated to dominate the market, and this is primarily credited to arising geriatric population and rising incidence of abdominal and gastrointestinal diseases in the region. Moreover, soaring prevalence of obesity amongst the general American population shall increase the insistence for bariatric surgical procedures, resulting in the proliferation of the market in the region.

Competitive Landscape:

• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key market trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global laparoscopic device market by product, by application, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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