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Laparoscopy Devices Market Headed for Growth and Global Expansion by 2024

Laparoscopy Devices Market
Laparoscopy Devices Market

Laparoscopy is a minimally invasive procedure used as a diagnostic tool and surgical procedure that is performed to recognize the abdominal and pelvic organs, head, etc. Laparoscopic device is consisting tube that is inserted through the abdominal wall and illuminated to enable a surgeon to view the internal organs. A laparoscopy device basically comprises reusable, reposable & single instruments, advanced RF energy and reusable trocar solutions. Laparoscopy uses images to recognize and diagnose the disease.

The laparoscopy devices market mainly is driven by growing aged population and health awareness regarding obesity. Additionally, rising cholecystectomy surgeries and other surgeries are expected to boost the market growth over forecast period. Asia Pacific and Latin America will also have potential to open new opportunities to this market in the years to come. However, scarcity of expertise in research and development and high cost surgery is expected to hamper growth of laparoscopy devices industry.

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The global laparoscopy devices market is segmented based on equipment, application and regional. Based on equipment, laparoscopy market is classified into laparoscopes, trocars, sample retrieval bags, wound protectors, insufflation devices, internal closure devices, gastric bands, energy systems and hand-assist devices.  Laparoscopic energy device was the largest segment of this market owing to their advanced technology. Laparoscopy devices used in various applications including general surgery, urological surgery, bariatric surgery, gynecological surgery and colorectal surgery. General surgery dominated segment of laparoscopy market and expected to exhibit moderate growth over the forecast period. Bariatric surgery is another key application and is expected to be fastest growing segment in the years to come.

Report covers Porter’s Five Forces model, which offers an insight into the intensity of competition in the market. The study also comprises market attractiveness analysis, wherein various applications are benchmarked based on their market size, growth rate, and general attractiveness. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, further bifurcation of region on the country level, which include U.S., Germany, UK, France, China, Japan and India. Demand has been analyzed and forecast based on the current trends for the period of six years. North America was leading segment of laparoscopy devices market followed by Europe.

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The report covers detailed competitive scenario including the company overviews, financial revenues of the key participants to develop their positions in the global market. Some of the major players in laparoscopy market such as Smith & Nephew, Karl Storz, Boston Scientific Corporation, Stryker, Intuitive Surgical, Olympus, Covidien, Aesculap, ConMed and Karl Storz.

Laparoscopy Devices Market:  Equipment Segment Analysis

  • Laparoscopes
  • Trocars
  • Sample Retrieval Bags
  • Wound Protectors
  • Insufflation Devices
  • Internal Closure Devices
  • Gastric Bands
  • Energy Systems
  • Hand-Assist Devices

Laparoscopy Devices Market:  Application Segment Analysis

  • General Surgery
  • Urological Surgery
  • Bariatric Surgery
  • Gynecological Surgery
  • Colorectal Surgery

Laparoscopy Devices Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

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