Laparoscopy Devices Market Trends, Growth, Scope, Size, Overall Analysis And Forecast By 2027

Precision Business Insights published a research report on "Global Laparoscopy Devices Market by Product type (Laparoscopes, Energy Devices, Insufflators, Suction or Irrigation Systems, Closure Devices, Hand Instruments, Access Devices, Accessories), by Application (General Surgery, Bariatric Surgery, Gynecological Surgery, Urological Surgery, Colorectal Surgery, and Others), by Technology (Traditional Laparoscopy, Robotic Laparoscopy) and by End User (Hospitals, Clinics, Ambulatory surgical centers) and Geography - Global/Region/Country Forecast to 2027”.

The global laparoscopy device market was valued at US$ 7.88 Bn in the year 2020 and is anticipated to record US$ 14.40 Bn till 2027 witnessing a CAGR of 9% over the forecast period 2021-2027.

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Increasing Cases of Chronic Illnesses is Driving Global Laparoscopy Devices Market
Laparoscopy is a kind of minimally invasive surgical procedure in which laparoscopic devices are used. These devices are used for the treatment and diagnose purposes. Using small incisions through camera, laparoscopy is performed in one’s abdomen or pelvis. The targeted areas such as pancreas liver, colon, bile duct and others are treated using laparoscopy method. Digital laparoscope and telescopic rod lens system are two types of laparoscope available. Telescopic rod lens system is direct Rod lens system is connected to a video camera, whereas a digital video camera is positioned at the end of laparoscope without rod lens system. Insufflators, laparoscope and energy devices are a few important instruments utilized during laparoscopic surgery.

The global laparoscopy device market is anticipated to grow during forecast period 2021-2027 owing to the factors such as increasing cases of colorectal cancer and growing aging population. A few other factors that are driving the laparoscopy devices market growth are availability of technologically developed laparoscopic devices and growing demand for less invasive procedures. Increasing obesity rate globally is another boosting factor for the growth of laparoscopy devices market according to World Obesity Federation as it leads towards growing demand for adjustable gastric bands making use of laparoscopy. Likewise, lower-post-operative complications, increase in healthcare expenditure, early post-operative recovery and increasing insurance coverage are the factors can foster the global laparoscopy device market growth.

North America to obtain Largest Share in Global Laparoscopy Devices Market
North America is expected to witness largest share in the global laparoscopy devices market followed by two regions Europe and Asia pacific. Approving repayment policies and availability of capable surgeons might impel the global laparoscopy devices market growth in North America. Europe Laparoscopy devices market is anticipated to record growth in upcoming years due to the growing CE market approvals in Europe. Laparoscopy devices Market in Asia pacific is also projected to record robust growth because of the increasing count of surgeries increase in medical tourism and rising abdominal disorders in the region. These are the key drivers to enhance development of the market in this region.

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Competitive Analysis
There are some major key players operating in global Laparoscopy Devices Market are Medtronic (U.S.), Stryker Corporation (U.S.), Olympus Corporation (Japan), B. Braun Aesculap (Germany), Richard Wolf GmbH (Germany), Smith & Nephew PLC (U.K.), Ethicon, Inc. (U.S.), Cook Medical Incorporated (U.S.), and ConMed Corporation (U.S.).

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