Laparoscopy Devices Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2027

[Diksha Pote]

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.

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Increasing funding and favorable policies in the laparoscopy devices market will support the growth. As per laparoscopy devices market analysts, the laparoscopy devices market-based companies will face certain challenges during the forecast period 2018 to 2023. The laparoscopy devices market research report provides in-depth analysis of the application, end-user, and product segments. The laparoscopy devices market research report presents factors such as the shortage of trained healthcare professionals for laparoscopic procedures that could slow down the laparoscopy devices market's growth.

Competitive Landscape

Laparoscopy devices have seen tremendous growth, due to the surging demand for minimally invasive surgeries and The growing awareness about minimally invasive surgeries. However, concerns regarding the post-impact of the laparoscopic surgery and unfavorable policies and complex regulations would challenge the companies active in the laparoscopy devices market. Furthermore, companies using growth strategies to stay ahead in the global laparoscopy devices market are expected to help the market during the forecast period 2018 to 2023. As the laparoscopy devices market report suggests that the laparoscopy devices market will register a CAGR of 8.30% and reach a US$17,206.32 million by 2023, the market report highlights key areas laparoscopy devices market based companies need to focus on. The laparoscopy devices market research report projects a long term growth till 2023. Based on laparoscopy devices market’s analysis on the basis of SWOT and Porters’ Five Force Model, the laparoscopy devices market will rise during the forecast period 2018 to 2023, however the companies need to move ahead with caution. The laparoscopy devices market research report highlights such key areas.

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.

The Laparoscopy Devices Market report offers comprehensive study of the laparoscopy devices market segments including application, end-user, and product. The analysts have also studied the laparoscopy devices market's spread across the regional markets across many of the laparoscopy devices market’s segments at country levels. The application, end-user, and product segments spread across the laparoscopy devices market along with the subsegments are studied. The global market for laparoscopy devices is spread across various product and service-based segments. The laparoscopy devices market research report highlights these key segments and offers forecasts based on primary and secondary data. The global laparoscopy devices market research report presents key company profiles of organizations active across the laparoscopy devices market.

Regional Overview

The lack of trained healthcare professionals may hinder the laparoscopy devices market growth. The laparoscopy devices market research report suggests that companies in the laparoscopy devices market could be supported by the rising demand for data-integrated systems as well as the presence of untapped market opportunities during the forecast period. The laparoscopy devices market is set to register growth at a high CAGR owing to these key factors. The laparoscopy devices market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per laparoscopy devices market analysts, the laparoscopy devices market is set to witness tremendous growth across application, end-user, and product segments. The global laparoscopy devices market’s North American region covers laparoscopy devices markets across the United States, Mexico, Canada, and others. Businesses present in the laparoscopy devices market are also profiled and their strategies have been presented in detail in the laparoscopy devices market research report.

The laparoscopy devices market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the laparoscopy devices market research report provides details about the APAC region covering laparoscopy devices markets from China, India, Australia, Japan, and others. The laparoscopy devices market is also active across several other parts of the world. The laparoscopy devices market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global laparoscopy devices market.

Industry News

Teleflex Inc. purchased Trendlines International Ltd.'s Innolap Surgical Ltd. portfolio firm. Israeli company Innolap is building a laparoscopic scarcity technology platform. Its system is designed to reduce the width of the incision and to almost eliminate laparoscopy stitches. It is estimated that in the United States there are 4 million laparoscopic operations per year. The US industry laparoscopic resection technology is projected to hit a turnover of 775 million dollars in 2014, as per the Frost & Sullivan study.

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