A brief overview of Laparoscopy Devices Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
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 the diagnosis and treatment of endometriosis, ectopic pregnancy, pelvic inflammatory disease (PID), cysts, and fibroids.
Rise in cases of morbid obesity at the global level is the major factor that drives the laparoscopy market growth. In addition, growth in bariatric surgeries performed globally to reduce weight enhances the market growth.
However, dearth of skilled professionals and high cost of these devices restrains the market growth. Further, increase in adoption of robot-assisted laparoscopic surgeries and introduction of innovative laparoscopic devices in the market offer lucrative opportunities.
The global laparoscopy market was valued at $9,350 million in 2015, and is expected to reach $14,046 million by 2022, registering a CAGR of 5.8% from 2016 to 2022.
The global laparoscopy market is segmented on the basis of product, application, end user, and geography. Based on 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.
Based on application, it is categorized into general surgery, bariatric surgery, gynecological surgery, urological surgery, colorectal surgery, and others. General surgical application is further classified into cholecystectomies, hernia repairs, appendectomies, anti-reflux surgeries, and others, whereas bariatric surgical application is classified into gastric bypass, sleeve gastrectomy, gastric banding, and others.
Furthermore, based on end user, it is divided into hospitals, clinics, and others. Energy devices account for the highest market share in 2015, and is anticipated lead throughout the forecast period and is attributed to the technological advancements in the field of energy devices that aids in more precise and safe laparoscopic procedures.
Bariatric surgery application possesses high market potential, owing to the surge in number of gastric bypass, sleeve gastrectomy, and gastric banding surgeries.
KEY MARKET BENEFITS
- The study provides an in-depth analysis of the global laparoscopy market, with current trends and future estimations to elucidate the imminent investment pockets.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Comprehensive quantitative analysis of the industry from 2014 to 2022 is provided to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analyses of the key segments of the industry, which helps in understanding the type of products and technologies used globally.
- Key market players and their strategies are provided to understand the competitive outlook of the market.
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