According to IMARC Group’s latest report, titled “Laparoscopic Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global laparoscopic devices market reached a value of US$ 11.3 Billion in 2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of 8.1% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Laparoscopy is a diagnostic procedure that is widely used for the diagnosis and treatment of endometriosis, cysts, fibroids, ectopic pregnancy, and pelvic inflammatory disease (PID). It is a minimally invasive (MI) procedure that involves making small incisions for the examination of the abdomen. Laparoscopy devices are utilized by healthcare professionals to ensure minimal bleeding and assist in maintaining hemostasis. It involves the use of a camera and specialized instruments that are passed through the trocars. This enables high-resolution images to be transmitted on screens for precise detail monitoring. Some of the commonly utilized laparoscopic devices include cannulas, forceps, rigid scopes, knot pushers, retractors, incision closure devices, bowel grasper and surgical mesh that are extensively utilized as essential tools in general, bariatric and colorectal surgeries.
Market Trends and Drivers:
The global laparoscopic devices market is primarily driven by the increasing prevalence of chronic lifestyle disorders, such as diabetes, pancreatic cancer and gastrointestinal disorders, among the masses. The high success rates associated with laparoscopy have, consequently, provided a thrust to the uptake of laparoscopic devices across the globe. Moreover, there has been a rising preference for MI procedures among both the patients and healthcare professionals due to the enhanced efficacy, quicker recovery period and improved patient outcome associated with these procedure as compared with traditional surgeries. The market is further driven by the advent of robot-assisted laparoscopic devices in the market that are expected to overcome challenges related to safety, sterility, and adaption. Their employment is expected to facilitate complex surgeries with minute precision and accuracy, thereby creating a positive outlook for the market. Some of the other factors contributing to the market growth include extensive research and development (R&D) activities and the constant advancements in the overall healthcare infrastructure.
Laparoscopic Devices Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the laparoscopic devices market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Karl Storz SE & CO. KG
- Medtronic plc
- BD (Becton, Dickinson and Company)
- Boston Scientific Corporation
- CONMED Corporation
- Cook Medical Incorporated
- Intuitive Surgical Inc.
- Johnson & Johnson
- Smith & Nephew Plc
- Stryker Corporation
- Tekno-Medical Optik-Chirurgie GmbH
Key Market Segmentation:
The report has segmented the global laparoscopic devices market on the basis of product type, application, end user and region.
Breakup by Product Type:
- Energy Systems
- Closure Devices
- Suction/Irrigation Devices
- Insufflation Devices
- Hand Access Instruments
- Robot Assisted Systems
Breakup by Application:
- Bariatric Surgery
- Colorectal Surgery
- General Surgery
- Gynecological Surgery
- Urological Surgery
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgery Centers
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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