U.S (New York)-This Laparoscopy Devices Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
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. 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.
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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 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.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America has accounted for the highest market share in 2015, 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 population. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the improvement in healthcare facilities, available disposable income, and rapidly developing economic conditions.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
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.
KEY PLAYERS PROFILED
Johnson & Johnson (Ethicon, Inc.)
Karl Storz GmbH & Co.KG
Boston Scientific Corporation
Medtronic PLC. (Covidien)
Olympus Corporation
Richard Wolf GmbH
ConMed Corporation
B. Braun Melsungen AG (Aesculap, Inc.)
Smith & Nephew PLC.
Stryker
Other players in the value chain include (profiles not included in the report)
Intuitive Surgical Inc.
Silex Medical, LLC.
Life Care Medical Devices Limited
Cook Medical Incorporated
Fortimedix Surgical
TransEnterix, Inc.
Encision Inc.
Applied Medical Resources Corporation
Microline Surgical Inc.
Hill-Rom Holdings Inc.
Key Market Segments
By Product Type
Laparoscopes
Energy Devices
Insufflators
Robot-Assisted Surgery Systems
Suction or Irrigation Systems
Closure Devices
Hand Instruments
Access Devices
Accessories
Others
By Application
General Surgery
Cholecystectomies
Hernia Repairs
Appendectomies
Anti-Reflux Surgeries
Others
Bariatric Surgery
Gastric Bypass
Sleeve Gastrectomy
Gastric Banding
Others
Gynecological Surgery
Urological Surgery
Colorectal Surgery
Others
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By End User
Hospitals
Clinics
Other End Users
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Republic of South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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