Disposable Laparoscopic Instruments Market Projected to Reach CAGR of 5.7 % During The Forecast Period || Global Key Players - B. Braun Melsungen AG, Medline Industries Inc., Stryker Corporation, Ackermann Instrumente GmbH, ASFS Medic's company, Medino Gm

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 Laparoscopy is a minimally invasive surgical technique performed through a keyhole incision. A small camera along with a light source attached to a tube enables surgeons to manoeuvre special disposable laparoscopic instruments to the target area and carry out the surgery. This technique is mainly preferred for carrying out surgeries related to the pancreas, liver, colon and bile duct. The use of disposable laparoscopic instruments reduce the risk of infection during surgery. Laparoscopic surgery is a procedure performed through one or multiple small incisions, rather than through a larger incision through the abdominal wall. Depending upon the nature of the specific surgical procedure, laparoscopic entry can be performed using a closed (Veress needle, optical access) or open technique (Hasson technique).

Disposable laparoscopic instruments find applications for various other surgeries such as general surgery, bariatric surgery, colorectal surgery, urologic surgery, gynaecologic surgeries and others. Laparoscopic scissors are used in laparoscopic surgery for dissection, the scissors come in different tip lengths. Laparoscopic hooks are available for procedures that are bipolor or monopolar or feature graduated marking, such as hook probes. The hooks are Nonstick PTFE coated making them safe to use during surgery. Grasping forceps & dissectors are used for laparoscopic surgery for the grip and the dissectors are used for making cuts during surgery.  Trocar is a pen-shaped instrument widely used in laparoscopy procedure to create opening in a patient’s body. Each laparoscopy procedure normally needs three to four trocars. Laparoscopic suction/irrigation devices constantly supply pressurized irrigation fluid and incorporate a leak-free seal.

Market Value Forecast

The global disposable laparoscopic instruments market has been estimated to be valued at US$ 4,044.7 Mn in 2018 and is expected to expand at a CAGR of 5.7% over the forecast period (2018–2028).

Market Dynamics

The growth of the global disposable laparoscopic instruments market is mainly driven by reducing pricing for market pick up, awareness programs in emerging countries, growing demand for minimally invasive therapies and technological advancements. The lack of skilled laparoscopic surgeons and side effects associated with the surgery, inferior quality of products, high cost of disposable laparoscopic instruments are factors that hamper the growth of the market.

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Key Regions

The global disposable laparoscopic instruments market has been segmented on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East & Africa (MEA). In terms of market value, North America is projected to dominate the global disposable laparoscopic instruments market throughout the forecast period. Foray of leading North American companies into the disposable laparoscopic instruments market over the last few years is a factor expected to boost the overall sale of these devices in the region. APEJ and Japan are expected to witness significant growth during the forecast period. Significant investments in healthcare infrastructure, increasing patient pool along with increasing geriatric population in APEJ and Japan are factors expected to boost the growth of the disposable laparoscopic instruments market in the regions.

Key Players

Examples of some of the key players in the global disposable laparoscopic instruments market are B. Braun Melsungen AG, Medline Industries, Inc., Stryker Corporation, Ackermann Instrumente GmbH, ASFS Medic's company, Medino GmbH, Péters Surgical, Medtronic, Mediflex Surgical Products and Grena LTD.

A large number of players operating in the disposable laparoscopic instruments market are focused on entering into collaborations and partnerships with local distributors and retailers in order to enhance their market presence globally. Moreover, it also enables companies to increase product visibility across the region. The companies in the market are focusing on instilling competitive capabilities to strengthen their market presence worldwide.

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