openPR Logo
Press release

Laparoscopic Devices Market is expected to expand at a CAGR of 6.6% over the forecast period (2018–2028)

08-29-2018 08:13 AM CET | Health & Medicine

Press release from: Future Market Insights

Future Market Insights

Future Market Insights

Future Market Insights (FMI) delivers key insights on the global laparoscopic devices market in a publication titled “Laparoscopic Devices Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.” In terms of value, the global laparoscopic devices market is projected to register a healthy CAGR of 6.6% during the forecast period due to various factors, regarding which FMI offers vital insights in detail. Increasing demand for minimally invasive procedures is expected to bolster overall growth of the laparoscopic devices market globally.

Global Laparoscopic Devices Market: Segmental Insights

The global laparoscopic devices market is segmented on the basis of product type, therapeutic application, end use and region. On the basis of product type, the market has been segmented into direct energy system devices, internal closure devices, trocars, insufflation devices, hand access instruments, robotic assisted surgical systems and laparoscopes. Direct energy system devices product segment is expected to register impressive CAGR of 7.0% during the forecast period. On the basis of therapeutic application, the market is segmented into bariatric surgery, colorectal surgery, general surgery, gynecological surgery and urological surgery. Colorectal surgery is expected to dominate the overall laparoscopic devices market throughout the forecast period and register a value of US$ 2,605.5 Mn by 2018 end. On the basis of end use, the global laparoscopic devices market is segmented into hospitals, clinics and ambulatory surgical centers. In terms of end use, the ambulatory surgical centers segment is expected to witness fastest growth during the forecast period.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-497

Global Laparoscopic Devices Market: Factors Impacting Revenue Growth

Government initiatives to offer better healthcare amenities coupled with increasing healthcare FDI influx is boosting overall demand for laparoscopic devices worldwide. Moreover, over the last few years, there has been significant growth in the number of skilled laparoscopic surgeons in developing regions, but at a comparatively slower pace compared to that in developed regions. Furthermore, demand for minimally invasive therapies is expected to offer momentum to overall sales of laparoscopic devices worldwide. In the last few years, bariatric surgery procedures have increased worldwide due to rising demand for obesity treatment. According to the World Obesity Federation, obesity rate is predominantly higher in developed regions than in developing regions. This has led to a surge in demand for bariatric surgery. Much of the demand is for minimally invasive therapies that are safer than conventional surgical procedures. As per the American Society for Metabolic and Bariatric Surgery (ASMBS), the number of bariatric surgeries increase 5% to 6% each year. In tandem, sales of laparoscopic devices have also increased worldwide.

Global Laparoscopic Devices Market: Regional Analysis

This report covers trends driving revenue growth of each segment and offers analysis and insights of the potential opportunities offered in the laparoscopic devices market in all regions of the world. North America is expected to dominate the market throughout the forecast period. Foray of leading North American companies into the direct energy system devices market over the last few years is expected to boost overall sales of these devices in the region. For instance, Olympus entered into this product segment in 2012 and since then has been investing significantly on product promotion in the market in North America. Increasing adoption of laparoscopic devices in Western Europe is marked by high rate of gastric and bypass surgeries performed in Sweden and Germany. As per independent estimates, in 2014, Germany witnessed 30% increase in gastric and bypass surgery procedures. Rise in demand for minimally invasive therapies in Western Europe is expected to boost growth of the bariatric surgery therapeutic application segment over the forecast period.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-497

Key Players

Key players in the global laparoscopic devices market include Olympus Corporation, B. Braun Melsungen AG, Intuitive Surgical, Inc., Medtronic, Stryker Corporation, Smith & Nephew, CareFusion Corporation (Sub. Becton, Dickinson and Company), Ethicon US, LLC. (Sub. Johnson & Johnson Services, Inc.), KARL STORZ SE & Co. KG, Richard Wolf GmbH, Endocontrol SA and Tekno-Medical Optik Surgery GmbH. A large number of players operating in the laparoscopic devices market are focused on entering into collaborations and partnerships with local distributors and retailers in order to enhance their market presence globally. This strategy also enables companies to increase product visibility across key regional markets. Companies are focusing on instilling competitive capabilities to strengthen their market presence worldwide.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Valley Cottage
U.S. Office

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Laparoscopic Devices Market is expected to expand at a CAGR of 6.6% over the forecast period (2018–2028) here

News-ID: 1207917 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for FMI

According to FMI, Condition Monitoring Services Will Reach 6.79 Billion USD: FMI
The global condition monitoring service market is anticipated to exceed US$ 3.52 Bn by the end of 2022. Growing emphasis on the integration of condition monitoring software with computerized process control services and maintenance management software is expected to favour the growth in the market. The demand in the condition monitoring service global market is estimated to reach US$ 6.79 Bn by 2031, exhibiting growth at a CAGR of 9.8% during
Medication Dispenser Market Forecast and Analysis by FMI
According to Wikipedia, medication or pill dispenser is an equipment which releases medication at specified time. In simple language, an equipment gives a signal when the time comes to take the medicine. The purpose is to help senior citizens or people who may suffer from impaired ability to adhere to their prescribed medication regime. The device automatically releases the pre-measured dose into a small compartment that is easily opened and
Printing Paper Market Intelligence and Forecast by FMI
Global printing paper market: Introduction The global paper industry is undergoing rapid transformation and plays significant role in the global packaging industry. In addition to manufacturing of packaging products such as corrugated boxes, paperboards or envelopes, papers are also used for the production of printing paper for printing purposes. Printing paper market is anticipated to grow on the backdrop of packaging industry, printing industry, and as well as e-commerce industry
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol. Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during
Force Sensor Market Share, Value, Trends : FMI Report
Continuous adoption of force sensors as human-machine interface is projected to pave new business opportunities for force sensor manufacturers among various industries such as music & entertainment. In addition, surging implementation of various ICT technologies in healthcare, and rising necessity to improve quality of healthcare services are further expected to offer growth opportunities to developers of force sensing technology. Future Market insights (FMI), in its report, projects the global market