Laparoscopy Devices Market Growth Analysis By Top Key Players: Intuitive Surgical Inc., Silex Medical, LLC., Life Care Medical Devices Limited, Cook Medical Incorporated, Fortimedix Surgical, TransEnterix, Inc., Encision Inc., Applied Medical Resources Co

The rise in preference for minimal invasive surgeries (MIS) over open surgeries has fueled the demand for laparoscopic procedures. In addition, technologically advanced laparoscopy devices supplement the market growth.

Laparoscopy Devices Market Overview:
Laparoscopy Devices Market was valued at $9,350 million in 2015 and is expected to garner $14,046 million by 2022, registering a CAGR of 5.8% during the forecast period 2016 - 2022. The energy devices segment accounted for more than one-fourth of the global market in 2015.

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Laparoscopy is a minimally invasive surgical procedure that assists in the diagnosis of various abdominal and pelvic disorders, such as cysts, adhesions, fibroids, and infection that occurs in the female pelvic organs. Laparoscopy is also known as keyhole surgery, and it is performed by creating a small incision. Laparoscopes are inserted through a small incision in the abdomen, which captures pictures of the abdominal organs. This procedure also assists in performing a biopsy of tissues and surgeries, such as cholecystectomy (laparoscopic gallbladder surgery), appendectomies (removal of appendix) and anti-reflux surgery, treatment for acid reflux, also known as GERD (gastroesophageal reflux disease).

The key factors that drive the global laparoscopy devices market include rise in the number of obese population, growth in laparoscopic-based bariatric surgeries for weight reduction, and increase in technological advancements pertaining to these devices. However, lack of expertise in the laparoscopic surgeries and high costs associated with these devices and procedures are anticipated to restrain the market growth.

The energy devices segment is anticipated to maintain its dominance during the forecast period, accounting for maximum market revenue by 2022. This is due to increase in advancements pertaining to energy devices used for laparoscopy and large-scale incorporation of these devices in laparoscopic applications. However, the laparoscope segment is anticipated to grow at a rapid rate during the forecast period.

The robot-assisted surgical system is anticipated to grow at the highest CAGR, attributed to the ability of these devices to facilitate minimally invasive surgical procedures. The global acceptance for robotic-based surgery for hysterectomies, prostatectomies, nephrectomies, removal of fibroids, and others has increased the demand for laparoscopy-based surgeries.

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Key players operating in the laparoscopy devices market

Johnson & Johnson (Ethicon, Inc.),
Karl Storz GmbH & Co.KG,
Boston Scientific Corporation,
Medtronic PLC. (Covidien),
Olympus Corporation,
Richard Wolf GmbH,
ConMed Corporation,
B. Braun Melsungen AG (Aesculap, Inc.),
Smith & Nephew PLC., and Stryker Corporation.

Key Findings of Laparoscopy Devices Market

- Robot-assisted surgical system is anticipated to grow at the highest growth rate during the forecast period.

- Bariatric surgery segment is expected to grow at a rapid rate, registering a CAGR of 7.0%.

- North America dominated the global laparoscopic market, accounting for maximum share of overall market in 2015, owing to the high adoption of laparoscopic devices for bariatric surgeries.

- Asia-Pacific is exhibited to grow at a high rate of 6.8%, supported by growth in India and China, due to strong demand for laparoscopic procedures.

- Cholecystectomies accounted for the highest share in the general surgery segment in 2015, and is expected to maintain its dominance.

- Hospitals was the highest revenue-generating end user segment in 2015, accounting for about half of the total share, and is expected to continue its dominance in future as well.

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Table Of Content

Chapter: 1 INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models


Chapter: 2 EXECUTIVE SUMMARY

2.1.CXO PERSPECTIVE


Chapter: 3 MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.PORTERS FIVE FORCES ANALYSIS
3.4.REGULATION AND REIMBURSEMENT SCENARIO
3.5.MARKET DYNAMICS

3.5.1.Drivers

3.5.1.1.Growing preference for minimally invasive procedures
3.5.1.2.Increasing number of bariatric procedures using laparoscopes
3.5.1.3.Technologically advanced laparoscopy devices
3.5.1.4.Rising incidence of colorectal cancer

3.5.2.Restraints

3.5.2.1.Dearth of skilled professionals
3.5.2.2.High cost of laparoscopic devices and procedures
3.5.2.3.Post-operative risks associated with laparoscopy surgeries

3.5.3.Opportunities

3.5.3.1.Untapped emerging economies
3.5.3.2.Growing adoption of robot-assisted laparoscopy devices

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