Laparoscopy is a minimally invasive surgical technique performed with the assistance of a video camera and several thin instruments.
Laparoscopy is a form of minimally invasive endoscopy surgery of abdominal cavity and female pelvic region. Minimally invasive surgery (MIS) are preferred over open surgeries because of their obvious merits such as lesser blood loss, scar free surgery, quick recovery and reduced hospital stay.
Laparoscopic surgery represents one of the largest medical segments with about 8 million surgeries performed annually worldwide. Driven by a slew of associated benefits, laparoscopy has evolved into a surgical standard with a sizeable number of open surgeries shifting steadily to this surgical procedure over the past decade.
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Laparoscopic Devices Market: Drivers and Restraints
Presently, Laparoscopy market is driven by increase in the procedure volumes in abdominal and gynecological surgeries over the past few years, increasing preference for minimally invasive procedure, growing demand for single incision surgery, higher demand for Robotic-Assisted surgeries to increase efficacy and complete reimbursement for such procedures in developed countries.
However, high cost of these procedures and lack of skill healthcare professional act as a major barrier for this market.
Laparoscopic Devices Market: Segmentation
- Rigid Rod Lens Non-Video Laparoscopes
- Rigid Tip Video Laparoscopes
- Flexible Tip Video Laparoscopes
Robotic Assisted Surgical Systems
Direct Energy Systems Devices
Internal Closure Devices
Laparoscopic Devices Market: Overview
With rapid technological advancement and wide acceptance of various surgical procedures among patients with different disease indication, the global laparoscopes devices market is expected to have a double digit growth in the forecast period (2015-2025).
Laparoscopic Devices Market: Region- wise Outlook
The global laparoscopic devices market is expected to register a double digit CAGR for the forecast period. Depending on geographic regions, global laparoscopic devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
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North America dominates the global laparoscopic devices market due to the significant spending power of large segments of the population and technological advancement. With the increase in procedure volumes and Europe‘s healthy reimbursement system, this market is expected to experience a rapid growth. Asia-Pacific is the fastest emerging market for global laparoscopy devices because the cost of surgery is reasonable as compared to other regions.
Laparoscopic Devices Market: Key Players
Some of the key market players in global laparoscopic devices market are Olympus Corporation, KARL STORZ GmbH & Co. KG, B. Braun Melsungen AG, Intuitive Surgical, Inc. Ethicon Endo-Surgery, Covidien, Richard Wolf and Stryker.