Global Laparoscopy Devices Market Research Report: Information By Product (Laparoscopes, Energy Devices), By Application (General Surgery, Gynecological Surgery), By End User (Hospitals & Clinics, Specialty Centers) - Forecast till 2027
Market research future will be publishing a cooked research report on “Global Laparoscopy Devices Market” that contains the information from 2019 to 2023. The laparoscopy devices market is expected to grow at a CAGR 8.30% during the forecast period of 2019 to 2023.
Market Overview
The global laparoscopy devices market will grow at a CAGR of 8.30% during the forecast period 2018 to 2023. The market for laparoscopy devices is set to reach US$17,206.32 million by 2023. As per laparoscopy devices market analysts, the global market is anticipated to witness growth owing to the factors such as increasing demand for minimally invasive surgeries as well as the expanding geriatric population. However, the laparoscopy devices market will face challenges and restraints due to the lack of expertise and post-impact of laparoscopy procedures during the forecast period 2018 to 2023.
Market Segmentation
The laparoscopy devices market has been segmented into application, end-user, and product. Based on the segment which is application, the market is categorized on the basis of bariatric surgery, colorectal surgery, general surgery, gynecological surgery, urological surgery, and others. The global market for laparoscopy devices is further segmented based on end-user into ambulatory centers, hospitals and clinics, and specialty centers. Furthermore, the market, on the basis of product is segmented into access devices, energy devices, handheld instruments, insufflation devices, internal closure devices, laparoscopes, suction/irrigation devices, trocars, and others.
Laparoscopy Devices Market Regional Analysis
The Americas laparoscopy device market can secure the largest share in the worldwide market. The high GDP per capita income and expansion of ageing group that is highly prone to degenerative ailments, creating the need for diagnosis and therapeutics can support the regional market.
In Europe, the laparoscopy devices market can register rapid growth pace due to driving factors, such as; increase in cancer patients, laparoscopy advancements, availability of modern treatment facilities, and introduction of integrated and advanced monitoring devices. The presence of sturdy healthcare base can support market expansion.
In Asia Pacific, the laparoscopy devices market can earn about USD 4205.58 Mn by 2023. huge patient populace and introduction of disruptive technology can favor market growth.
The market of laparoscopy devices in the Middle East Asia and Africa can expand at slow rate. Africa is anticipated to hold least market share due to poor sociopolitical conditions. Limited availability medical facilities and of funds can hinder the regional market expansion.
Laparoscopy Devices Market Key Players
Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Smith & Nephew PLC (UK), Medtronic PLC (US), Fujifilm Holdings Corporation (Japan), Cook Medical LLC (US), Olympus Corporation (Japan), Stryker Corporation (US), Richard Wolf GmbH (Germany), and KARL STORZ SE & Co. KG (Germany) among others are some well-established companies that are studied by MRFR to gain insights into the competitive structure of the laparoscopy devices market.
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