Laparoscopic devices are precise and offer better visualization in a surgery. Advancement in technology and techniques to treat patients through minimal invasive are factors expected to favor growth of the laparoscopic devices market. Growth in non-invasive surgery robotic systems is also expected to favor growth of laparoscopic devices. The laparoscopic devices market is mostly influenced by energy products and laparoscope.
Increasing prevalence of obesity is also a driving factor for the laparoscopic devices market. For instance, as per World Health Organization report (WHO) 2014, around 600 million people were obese worldwide. As per American Society for Metabolic and Bariatric Surgery, around 196,000 bariatric surgeries were performed in the U.S. in 2015. Furthermore, increasing number of approvals from FDA for the robotic systems used in laparoscopic surgery has also increased, which in turn is expected to boost growth of market. For instance, in June 2017, Becton, Dickinson and Company announced that its new line of Snowden-Pencer 3.0mm laparoscopic ergonomic take-apart instruments received U.S. Food and Drug Administration (FDA) clearance for use in laparoscopic surgery. This device offers 26 different jaw patterns, 2 different lengths (24cm, 36cm) and 6-take-apart handles, resulting in 312 combinations to target procedures in multiple specialties.
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Market Dynamics
Increasing adoption and awareness of laparoscopic surgery is expected to act as a major driver for growth of laparoscopic devices market. The trend of minimally invasive surgery over open surgery also favors growth of laparoscopic devices market. Innovations in devices, instruments and systems by manufacturers is also expected to positively affect growth of the market. For instance, Ethicon in August 2017, launched ProxiSure, an advanced laparoscopic suturing device featuring Ethicon endomechanical suture and curved needle technologies. The manufactures need to improve the design of the non-invasive surgery robots, reduce the expense and size, which could favor the growth of the market.
Key companies covered as a part of this study include, Stryker Corporation, Johnson & Johnson, Karl Storz GmbH & Co.KG, Boston Scientific Corporation, Medtronic plc. (Covidien), Olympus Corporation, Richard Wolf GmbH, ConMed Corporation, B. Braun Melsungen AG, and Smith & Nephew PLC.
Detailed Segmentation:
Global Laparoscopic Devices Market, By Product Type:
Laparoscope
Hand Access Instrument
Energy products
Trocars/Access Device
Robot Assisted system
Insufflation Devices
Suction/ Irrigation device
Closure Devices
Global Laparoscopic Devices Market, By Application:
Bariatric Surgery
Colorectal Surgery
General Surgery
Gynecological Surgery
Urological Surgery
Global Laparoscopic Devices Market, By End User:
Hospitals
Ambulatory Surgical Centers
Clinics
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