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Growing Preference for Minimally Invasive Procedures to Drive the Laparoscopic Devices Market


Published: July 2017

REPORT STATISTICS


  • Code: MCP-6143
  • Pages: 287
  • Tables: 104
  • Companies: 76


LAPAROSCOPIC DEVICES: A RESEARCH BRIEF

The global market for Laparoscopic Devices is projected to reach US$12.3 billion by 2024, driven by the growing global volume of minimally invasive surgical procedures, and continuous technological innovations surrounding laparoscopic surgical instruments. Spurred by technical capabilities and patient benefits, single port laparoscopy is witnessing strong adoption in the market. Rising interest in smaller port and scarless surgeries is driving demand for ultra slim instrumentation. In the area of visualization, present advancements include three-dimensional laparoscopes and 4K ultrahigh-definition systems. The market is also witnessing the launch of multifunctional devices that significantly minimize the need to switch instruments intra-operatively during the procedure thereby resulting in considerable reduction in surgical time. The United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 8.8% over the analysis period, led by factors such as growing population and disease burden, improving healthcare infrastructure, technology developments and declining cost of laparoscopic procedures. 

    Summary of Findings

  • Advances in High-Definition Imaging & Confocal Microendoscopy Benefit Laparoscopic Procedures
  • Robot-Assisted Laparoscopic Systems Witness Strong Demand
  • Advanced, Multifunctional Bipolar Devices Rise in Popularity
  • Development of New Laparoscopic Hand-Access Devices Drive Use of Laparoscopy for Complex Abdominal Surgery Involving the Pancreas and Liver
  • Launch of Superior and Durable Instruments Drives Penetration of Laparoscopic Intervention in the Field of Urology

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America)

    Market Segmentation & Classification

  • Product Segments:
    • Laparoscopes, Trocars, Insufflation and Suction/Irrigation Devices, Closure Devices, Hand Instruments, Direct Energy Devices, Gastric Band, Hand Assist Devices, and Other Laparoscopic Devices

MAJOR PLAYERS

  • B. Braun Melsungen AG
  • Boston Scientific Corp.
  • Conmed Corporation
  • Ethicon Endo-Surgery, Inc.
  • Intuitive Surgical, Inc.
  • Karl Storz GmbH & Co. KG

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable