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Laparoscopy devices market about to cross USD 1.75 billion mark by 2022

Medical Market Research

Asia-Pacific Laparoscopy Device Market by Product Typem by Therapeutic Application (Colorectal Surgery, Gynaecological Surgery, General Surgery, Bariatric Surgery and Urological Surgery), by End Users (Hospitals, Clinics and Ambulatory Surgical Centers) and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

According to the report Laparoscopy Devices Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 1.75 billion by 2022 at a CAGR of 8.23% from 2017 to 2022.

Laparoscopic surgery is a technique in which operation is performed away from original location via small incisions. They are also known as minimally invasive surgeries.

Reduced haemorrhaging and pain are some of the advantages of laparoscopic surgery over normal ones.

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Laparoscopy Devices Market: Drivers & Restraints

Increasing demand for minimally invasive surgeries, rising incidence of colorectal cancer, rising demand for robot assisted technology and advancement in technologies the primary factors driving the market.

However, high cost of laparoscopic devices and dearth of skilled professionals are hampering the growth of the market.

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Laparoscopy Devices Market: Segmentation

By Product Type                       

  • Internal Closure Devices   
  • Hand Access Instruments 
  • Robotic Assisted Surgical System   
  • Laparoscopes         
  • Direct Energy Systems       
  • Insufflation Devices            

By Therapeutic Application                  

  • Colorectal Surgery               
  • Gynaecological Surgery     
  • General Surgery   
  • Bariatric Surgery   
  • Urological Surgery

By End Users                              

  • Hospitals  
  • Ambulatory Surgical Centers           
  • Clinics        

By Geography                      

  • Asia-Pacific          

o   China    

o   India

o   Japan  

o   Australia  

o   South Korea   

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Laparoscopy Devices Market: Overview

In 2017, direct energy systems category in the product type segment is expected to constitute the largest market share. Also it is expected to have the fastest growth.

Asia Pacific is anticipated significant growth owing to factors like rising geriatric population and rising healthcare expenditure in emerging nations in this region.

Laparoscopy Devices Market: Key Players

The Laparoscopy Devices market is highly competitive with a large number of players. Some of the major Companies are Karl Storz, ConMed, Aesculap,Boston Scientific Corporation, Covidien, Olympus and Intuitive Surgical.

Other companies include, B. Braun Melsungen AG, Stryker, Medtronic Ethicon US LLC and Smith & Nephew.

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